Pgim Investments LLC

CRD#105670
Investment Advisor Firm

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Learn more about Pgim Investments LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Pgim Investments LLC is located at 655 Broad Street, Newark, NJ. The firm employs 96 financial advisors to manage client portfolios and provide financial guidance. Pgim Investments LLC is not a registered broker-dealer.

    Pgim Investments LLC oversees $315.4 billion in assets under management across 167 accounts, all of which are discretionary. The services offered include portfolio management for investment companies, portfolio management for institutional clients, selection of other advisers, and educational seminars. The firm caters to investment companies, business development companies, and other types of investors, with investment companies being the largest client type by accounts. The fee structure at Pgim Investments LLC includes asset-based, fixed, and performance-based fees. The firm maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, real estate broker or dealer, and commodity pool advisor.

    Pgim Investments LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, Rhode Island, and Michigan.

    Assets Under Management

    $315.4 billion

    Number of Advisors

    96

    Disclosures

    No

    Office Location

    655 Broad Street
    Newark, NJ 07102

    Pgim Investments LLC by the Numbers

    Total Assets Under Management

    $315.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    558

    National Average: 64
    Total Number of Accounts

    167

    National Average: 375,227
    Average Account Size

    $1.9 billion

    National Average: $23.0 thousand
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    Products and Services

    Pgim Investments LLC offers a number of services, including portfolio management for investment companies, portfolio management for institutional clients, selection of other advisers, and educational seminars. Notably, Pgim Investments LLC did not provide any of its customers with financial planning services in the previous fiscal year. It is engaged in selling products or offering services different than investment advisory services to its clients.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees largely vary depending on the type of financial services offered. Fees billed by Pgim Investments LLC may include some blend of the following fee types: asset-based, fixed, or performance-based.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company caters to investment companies, business development companies, and other. Out of its 3 clients, Pgim Investments LLC's biggest client group by number of accounts is investment companies.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Pgim Investments LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Pgim Investments LLC

    Mark Donovan
    Atlanta, GA
    Brian Jacobs
    Newark, NJ
    Neil Conway
    Walnut Creek, CA
    Nicholas Kelly
    Newark, NJ
    Jonathan Estes
    Columbus, OH
    Nolan Hughes
    Newark, NJ
    Samir Ibrahim
    Newark, NJ
    Zachary Martini
    Newark, NJ
    Layla Cavalcanti
    Deerfield Beach, FL

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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