Pgim Investments LLC (Newark)

Name: Pgim Investments LLC
Address: 655 Broad Street, Newark, NJ, 07102
Telephone: 973-367-7473

Pgim Investments LLC is a large advisory firm based in Newark. It manages $273.15 billion of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Connecticut, and 11 other states.

Pgim 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.

Pgim Investments: assets under management

The assets under management (AUM) of Pgim Investments LLC is $273.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $273.15 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 billion each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pgim Investments LLC for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Pgim Investments serves?

The only and largest group of clients of Pgim Investments is investment companies with 37 clients and $272.81 billion of assets under management. Among the 11 most similar advisory firms, Pgim Investments has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $272.81 billion for 37 clients. None of the firm’s clients are foreign persons or businesses.

Pgim Investments doesn't advise any private funds.

Careers at Pgim Investments LLC

The company employs 440 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 74 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Pifm Holdco	Sole member	1 Jun 2000	75% - 100%	13-1422960
Brian Karl Ahrens	Sr. vice president	1 Oct 2007	Other	1972969
Scott Edward Benjamin	Executive vice president	1 Sep 2009	Other	4385999
Stuart Sherman Parker	Officer-in-charge, chief executive officer, chief operating officer & president	1 Jan 2012	Other	1767335
Raymond Anthony O'hara (Iii)	Exec. v.p., secretary & chief legal officer	1 Jun 2012	Other	6132961
Kevin Charles Buckley	Treasurer	1 Jul 2013	Other	5006172
Chad Alan Earnst	Vice president and chief compliance officer	1 Sep 2014	Other	6397459
Brian Daniel Nee	Executive vice president, chief financial officer, controller	1 Aug 2015	Other	6551095
Brian Anthony Barnard	Treasurer	1 Dec 2018	Other	6005022
Bernard Gerard Ohara	Vice president and chief financial officer	1 Apr 2019	Other	1528427
Armando (Dino) Capasso	Chief compliance officer	1 Jul 2019	Other	7152939

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Pgim Holding Company Llc	Parent of sole member	1 Jun 2000	75% - 100%	14-1960383
Inc. Prudential Financial	Owner	1 Dec 2001	75% - 100%	22-3703799

Based in Newark

The principal office where Pgim 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 Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-367-7473 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 pgim.com/pgim-investments.