Prudential Investments LLC (Newark)


Prudential Investments LLC is a large advisory firm based in Newark. It manages $265.02 billion of regulatory assets for 201 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 12 other states.

Prudential 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.

Prudential Investments: assets under management

The assets under management (AUM) of Prudential Investments LLC is $265.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 174% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $265.02 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.32 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prudential Investments LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Prudential Investments LLC

Judy Ann Rice has been acting as President since 1 Jan 2012. Brian Daniel Nee joined the executive team most recently as the Executive President, Chief Financial Officer, Controller.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Francis Gunia Exec. v.p. & chief admin. officer 1 Sep 1996 Other 1367737
William Vincent Healey Exec. vp, secretary & chief legal officer 1 Mar 1999 Other 1551214
David Roehner Odenath President, ceo & coo 1 Jun 1999 Other 872856
Judy Ann Rice Executive vice president 1 Sep 1999 Other 67215
Lynn Mary Waldvogel Executive vice president 1 Sep 1999 Other 1367662
Eugene Sandall Stark Sr.vice president, chief financial officer, and treasurer 1 Sep 1999 Other 1691554
Llc Pifm Holdco Sole member 1 Jun 2000 75% - 100% 13-1422960
Ajay Sawhney Executive vice president 1 Jun 2000 Other 4248977
Inc. Pifm Holdco Sole member 1 Jun 2000 75% - 100% 13-1422960
Marc Levine Executive vice president 1 Feb 2001 Other 4519910
Catherine Ann Brauer Executive vice president 1 Feb 2001 Other 2185523
John Laughlin Carter Executive vice president 1 May 2001 Other 1462908
Kevin Burdick Osborn Executive vice president 1 Oct 2002 Other 1697127
Stephen Pelletier Executive vice president 1 Oct 2002 Other 2298624
Philip Nicholas Russo Executive vice president,cfo and treasurer 1 Oct 2002 Other 4344967
Judy Ann Rice Officer-in-charge, chief executive officer, chief operating officer & president 1 Feb 2003 Other 67215
Keitha Lee Kinne Executive vice president 1 Apr 2003 Other 2039630
Shaun Michael Byrnes Executive vice president 1 Apr 2003 Other 2950855
Lee Duane Augsburger Senior vice president and chief compliance officer 1 Apr 2003 Other 1657850
Marguerite Howard Morrison Senior vice president and secretary 1 Apr 2003 Other 1754411
James Gerard Russell Sr. vice president 1 Mar 2004 Other 1053157
John Fleurant Exec. vp, cfo and treasurer 1 Mar 2004 Other 2683258
Kenneth Yutaka Tanji Evp, cfo and treasurer 1 Oct 2004 Other 2485905
Kathryn Loretta Quirk Exec. v.p., secretary & chief legal officer 1 Aug 2005 Other 2094907
David Bret Master Director of strategic initiatives 1 Aug 2005 Other 4872851
Kenneth Edward Warman Cfo, treasurer and controller 1 Aug 2006 Other 4638596
John Noel Drahzal Director of sales and distribution 1 Aug 2006 Other 2937289
Valerie Simpson Vice president and chief compliance officer 1 May 2007 Other 4659143
Brian Karl Ahrens Sr. vice president 1 Oct 2007 Other 1972969
Stuart Sherman Parker Sr. vice president 1 Oct 2007 Other 1767335
Stuart Sherman Parker Sr. vice president 1 Nov 2007 Other 1767335
Kurt Byerly Vice president, finance 1 Mar 2008 Other 5511823
Kurt Joseph Byerly Executive vice president, chief financial officer, treasurer, controller 1 Mar 2008 Other 5511823
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
Judy Ann Rice Chairman 1 Jan 2012 Other 67215
Raymond Anthony O'hara Exec. v.p., secretary & chief legal officer 1 Jun 2012 Other 6132961
Raymond Anthony O'hara (Iii) Exec. v.p., secretary & chief legal officer 1 Jun 2012 Other 6132961
Raymond A O'hara Exec. v.p., secretary & chief legal officer 1 Jun 2012 Other 6132961
Bruce Karpati Vice president and chief compliance officer 1 May 2013 Other 6195573
Kevin Charles Buckley Treasurer 1 Jul 2013 Other 5006172
Kevin Buckley Treasurer 1 Jul 2013 Other 5006172
Teresa M.G. Gilbreath Vice president and chief compliance officer 1 Apr 2014 Other 2007450
Jurgen Muhlhauser Executive vice president, chief financial officer, controller 1 Sep 2014 Other 1733704
Chad Alan Earnst Vice president and chief compliance officer 1 Sep 2014 Other 6397459
Chad A. Earnst Vice president and chief compliance officer 1 Sep 2014 Other 6397459
Brian Daniel Nee Executive president, chief financial officer, controller 1 Aug 2015 Other 6551095

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
The Prudential Asset Management Holding Company Parent of sole member 1 Jun 2000 75% - 100% 14-1960383
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 Prudential 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 Jacksonville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-367-6608 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 prudential.com/investments.