The Prudential Asset Management Company, Inc. is a large advisory firm based in Newark. It manages $236.04 million of regulatory assets for 11 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 44 other states.
The Prudential Asset Management Company provides portfolio management for pooled investment vehicles and market timing services. 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 The Prudential Asset Management Company, Inc. is $236.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 87% 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 The Prudential Asset Management Company, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.
Kevin Andrew Myers has been acting as President since 1 Sep 1999. James Joseph Sullivan joined the executive team most recently as the President & Director.
The principal office where The Prudential Asset Management Company, Inc. performs its advisory services is located at Gateway Center Two, Newark, NJ 07102 4077, which is also the mailing address of the firm. An additional office of the firm is in Woodland Hills, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-367-1388 or by fax 973-367-8560. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.