Pgim Custom Harvest LLC
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Overview
Pgim Custom Harvest LLC operates as a financial advisor company that has its headquarters in Newark, New Jersey. The firm handles $2.4 billion in total assets throughout 1,081 customer accounts, placing it among the biggest firms in the nation by assets under management (AUM). The firm has a small team, including 5 financial advisors. Pgim Custom Harvest LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments like equities, options and bonds.
Pgim Custom Harvest LLC oversees 1,057 of the company's accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell decisions for the client's account without needing to seek the customer's permission. Pgim Custom Harvest LLC also oversees 24 non-discretionary accounts totaling $142.6 million in AUM. The advisory firm's typical account size is $2.2 million. An average financial advisor at Pgim Custom Harvest LLC administers about 216 client accounts.
Pgim Custom Harvest LLC's headquarters is at 655 Broad Street, Newark, New Jersey 7102. It is permitted to provide services to clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Pgim Custom Harvest LLC by the Numbers
$2.4 billion
12
1,081
$2.2 million
Fee Structure
Fees for financial management are based on the type of services provided. Fee types charged by the firm may include the following fee types: asset-based or other. The firm participates in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
The company provides services to high net worth investors, other investment advisers and corporations. Out of its 1,081 accounts, Pgim Custom Harvest LLC's biggest client type by number of accounts is high net worth investors, although it also caters to 950 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 89.88%
- Other Individuals - 0%
- Corporations - 10.12%
- 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 Custom Harvest LLC does not have any disclosures.
Please visit its Form ADV for more details.
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