Prudential Financial Planning Services
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Overview
Prudential Financial Planning Services is located at 751 Broad Street, Newark, NJ. The firm employs 2,700 financial advisors to manage client portfolios and provide financial guidance. Prudential Financial Planning Services is a registered broker-dealer.
Prudential Financial Planning Services oversees $16.4 billion in assets under management across 113,575 accounts, of which 10,222 are discretionary and 103,353 are non-discretionary. Over the past year, the firm has provided financial planning services to 2,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and educational seminars. The firm caters to retail investors, high net worth investors, corporations, and other types of investors, with retail investors being the largest client type by accounts. The fee structure at Prudential Financial Planning Services includes asset-based, hourly, and fixed fees. The firm has 1,191 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, real estate broker or dealer, and commodity pool advisor.
Prudential Financial Planning Services 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, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Prudential Financial Planning Services by the Numbers
$16.4 billion
2,700
113,575
$144.2 thousand
Products and Services
Prudential Financial Planning Services provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and educational seminars. In the past financial year, Prudential Financial Planning Services provided financial planning services to 2000 of its clients. The Firm is engaged in selling products or offering services other than investment advice to its customers.
Core Advisor Services
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Offered by 31% of firms
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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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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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.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice typically vary depending on the financial services offered. Fees charged by Prudential Financial Planning Services likely include any blend of the following fee structures: asset-based, hourly, or fixed. The company participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It works with retail investors, high net worth investors, corporations, and other. Out of its 4 clients, Prudential Financial Planning Services's biggest client type by number of accounts is retail investors, but it also manages money for 1191 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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).
- High-Net-Worth Individuals* - 1.05%
- Other Individuals - 96.21%
- Corporations - 2.74%
- 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
Prudential Financial Planning Services does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Prudential Financial Planning Services
Camarillo, CA
Franklin, TN
Omaha, NE
San Diego, CA
Wilmington, DE
Sarasota, FL
Columbus, OH
Charlotte, NC
Marlborough, MA
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