PGIM, Inc.

RIASEC RegisteredEst. 1984

Total AUM

$1.1T

Discretionary

$1.1T

99% of AUM

Avg account

$1.2B

Accounts

938

Employees

1,990

Advisory reps

Firm details

Headquarters: NEWARK, New Jersey
CRD number: 105676
Registered since: December 7, 1984
Website: www.pgim.com
Custodians: J.P. MORGAN SECURITIES INC., STATE STREET BANK AND TRUST COMPANY, CITI PRIVATE BANK, THE BANK OF NEW YORK MELLON
Fee structure: Percentage of AUM, Fixed Fees, Performance Based Fees, Other
Client types: Insurance Companies33.87%
Pooled Investment Vehicles24.25%
Investment Companies19.04%
Pension & Profit Sharing Plans10.82%
Sovereign Wealth Funds5.14%
Services: Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsSelection of Other AdvisersPublication of PeriodicalsEducational Seminars / Workshops

Firm profile

FINTRX

Overview

PGIM, Inc. is a diversified, institutional-focused asset manager organized as a corporation and operating in the market since the 1980s. The firm functions as a multi-strategy fund manager that runs and sponsors pooled investment vehicles across hedge funds, private equity, real estate, securitized products and other alternative structures. Its advisory activities extend to portfolio management for investment companies, pooled vehicles and institutional clients, and it also performs selection of other advisers and offers publications and educational programs. PGIM uses a mix of fee arrangements — including AUM-based, fixed and performance-linked fees — and identifies as an active ESG investor. The firm is also registered as a commodity pool operator/commodity trading advisor (CPO/CTA) and maintains industry relationships spanning broker-dealers, trust companies, insurance firms and real estate brokers. That combination of sponsor-level activity and third-party manager selection positions PGIM to operate both as a primary manager and as an allocator to external alternative managers.