Prudential Investments LLC is a large advisory firm based in Newark. It manages $265.02 billion of regulatory assets for 201 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 12 other states.
Prudential Investments provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Prudential Investments LLC is $265.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 174% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Prudential Investments LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
Judy Ann Rice has been acting as President since 1 Jan 2012. Brian Daniel Nee joined the executive team most recently as the Executive President, Chief Financial Officer, Controller.
The principal office where Prudential Investments LLC performs its advisory services is located at 655 Broad Street, Newark, NJ 07102, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-367-6608 or by fax 973-367-7366. The normal business hours are 9:00 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at prudential.com/investments.