Prudential Investment Management, Inc. (Newark)

Prudential Investment Management, Inc. is a large advisory firm based in Newark. It manages $564.45 billion of regulatory assets for 698 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Prudential Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Prudential Investment Management: assets under management

The assets under management (AUM) of Prudential Investment Management, Inc. is $564.45 billion. The firm's AUM has grown by 236% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $560.53 billion in discretionary accounts and $3.92 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $821.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $245.01 million.

Prudential Investment Management has custody of $26.61 billion in cash and securities for 28 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prudential Investment Management, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Prudential Investment Management, Inc.

Jack Warren Gaston has been acting as President since 1 Nov 1999. Teresa Mary Gibbons Gilbreath joined the executive team most recently as the Vice President And Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Newark

The principal office where Prudential Investment Management, Inc. performs its advisory services is located at 655 Broad St., Newark, NJ 07102, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-367-6335 or by fax 973-367-8888. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at prudential.com.

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