Pgim Quantitative Solutions

CRD#129752
Investment Advisor Firm

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Learn more about Pgim Quantitative Solutions

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

    • Overview

    Pgim Quantitative Solutions is a financial advisory firm headquartered in Newark, New Jersey. The company handles $84.8 billion in total assets throughout 199 accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). The company has a large group, including 64 financial advisors. Pgim Quantitative Solutions is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, stocks and options.

    Pgim Quantitative Solutions manages all of its client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments for the client's account without requiring client consent. The advisory firm's average account size is $426.0 million. The average financial advisor at Pgim Quantitative Solutions manages around three client accounts, making it one of the most personalized advisor firms in the country.

    The firm's main office is located at Gateway Center 2, Newark, New Jersey 7102. The firm is legally registered to serve investors across 51 U.S. states and territories.

    Assets Under Management

    $84.8 billion

    Number of Advisors

    64

    Disclosures

    No

    Office Location

    Gateway Center 2
    Newark, NJ 07102

    Pgim Quantitative Solutions by the Numbers

    Total Assets Under Management

    $84.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    197

    National Average: 64
    Total Number of Accounts

    199

    National Average: 375,227
    Average Account Size

    $426.0 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice depend on which services are offered. Fees charged by the firm can be comprised of the following fee types: asset-based, fixed or performance-based. The company does not supply a wrap fee program, in which the firm offers a service bundle for a single fee.

    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.

    Back to Overview

    Types of Clients

    The firm does business with a broad range of clients. The company caters to investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and other. Out of its 199 clients, Pgim Quantitative Solutions's largest client is investment companies. Just 2% of its customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 97.67%
    • Charitable Organizations - 2.33%

    * 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 Quantitative Solutions does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Pgim Quantitative Solutions

    Bradley Zenz
    Newark, NJ
    Fernando Bloin
    Newark, NJ
    Kevin O'Rourke
    Newark, NJ
    Sean Borella
    San Francisco, CA

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