Prudential Investment Management, Inc. (Newark)

Name: Prudential Investment Management, Inc.
Address: 655 Broad St., Newark, NJ, 07102
Telephone: 973-367-6335

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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

Name	Entity	Date acquired	Ownership	Employer ID
John Robert Strangfeld	Chairman and director	1 Jan 1990	Other	1301812
David Arthur Twardock	Senior managing director & vice president	1 Nov 1992	Other	4578966
Bernard Bruce Winograd	Director	1 Dec 1998	Other	2877846
Philip Nicholas Russo	Vp (functions as cfo)	1 May 1999	Other	4344967
James Joseph Sullivan	Director, senior managing director, vice president	1 Nov 1999	Other	2402110
Allen Arthur Weaver	Director, senior managing director & vice president	1 Nov 1999	Other	4188933
Jack Warren Gaston	Director	1 Nov 1999	Other	2404523
John Howard Hobbs	Director	1 May 2000	Other	2670943
Prudential Asset Management Holding Company Llc	Shareholder	1 Jun 2000	75% - 100%	14-1960383
The Prudential Asset Management Holding Company	Shareholder	1 Jun 2000	75% - 100%	22-1211670
Neil Jasey	Vp (functions as chief legal officer)	1 Jul 2000	Other	4347458
Matthew Jerrold Chanin	Director & senior vice president	1 Sep 2000	Other	2268917
Lee D Augsburger	Vice president, compliance	1 Oct 2000	Other	1657850
Lee Duane Augsburger	Vice president & chief compliance officer	1 Oct 2000	Other	1657850
Betsy Lynn Friedman	Vice president, operations	1 Jan 2002	Other	4348376
Betsy L. Friedman	Vice president, operations	1 Jan 2002	Other	4348376
Dennis Miles Kass	Director & vice president	1 Jan 2003	Other	1244371
John Fleurant	Vp, finance	1 Mar 2004	Other	2683258
Susan Louise Blount	Vp (functions as chief legal officer)	1 May 2004	Other	4839252
Kenneth Yutaka Tanji	Director & controller	1 Nov 2004	Other	2485905
Timothy Patrick Harris	Vp (functions as chief legal officer)	1 Jul 2005	Other	2317083
James William Mccarthy	Director, vice president and controller	1 Jul 2006	Other	5242893
Bernard Bruce Winograd	Chairman, director, president & ceo	1 Nov 2006	Other	2877846
Timothy John Knierim	Vice president and chief compliance officer	1 Jul 2007	Other	4746062
Charles Frederick Lowrey	President, director & ceo	1 Jan 2008	Other	2636964
Joel Allen Smith	Vice president	1 Jan 2008	Other	5512864
Kathryn Loretta Quirk	Co-chief legal officer	1 Mar 2010	Other	2094907
Richard Arthur Hibbard	Co-chief legal officer	1 Mar 2010	Other	2744561
Catherine Verhoff	Chief legal officer	1 Sep 2010	Other	5906333
David Alexander Hunt	Chairman, president & ceo prudential investment management	1 Nov 2011	Other	4938400
David Hunt	President & ceo prudential investment management	1 Nov 2011	Other	4938400
Scott Louis Hayward	Director, senior managing director & vice president	1 Feb 2013	Other	4335063
David Malcolm Durning	Senior managing director & vice president	1 Mar 2013	Other	1706054
Eric Bernard Collinet Adler	Senior managing director, vice president	1 Sep 2013	Other	6016723
Teresa Mary Gibbons Gilbreath	Vice president and chief compliance officer	1 Dec 2013	Other	2007450
Jurgen Muhlhauser	Director, vice president and controller	1 Dec 2013	Other	1733704
Teresa M.G. Gilbreath	Vice president and chief compliance officer	1 Dec 2013	Other	2007450

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Prudential Insurance Company Of America	Shareholder	1 Jun 1984	75% - 100%	680
Inc. Prudential Financial	Shareholder	1 Dec 2001	75% - 100%	22-3703799

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.