The Prudential Asset Management Company, Inc. (Newark)

The Prudential Asset Management Company, Inc. is a large advisory firm based in Newark. It manages $236.04 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

The Prudential Asset Management Company provides portfolio management for pooled investment vehicles and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Prudential Asset Management Company: assets under management

The assets under management (AUM) of The Prudential Asset Management Company, Inc. is $236.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 87% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $236.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $21.46 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Prudential Asset Management Company, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at The Prudential Asset Management Company, Inc.

Kevin Andrew Myers has been acting as President since 1 Sep 1999. James Joseph Sullivan joined the executive team most recently as the President & Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Prudential Investment Corporation	Shareholder	1 Jun 1984	75% - 100%	105676
Inc. Prudential Investment Management	Shareholder	1 Jun 1984	75% - 100%	105676
Paul Lowenstein	President & director	1 Jun 1995	Other	1521359
C Edward Chaplin	Treasurer	1 Dec 1995	Other	2744560
James Hunter Scott	Senior vice president & director	1 Jun 1999	Other	2382681
Kevin Andrew Myers	Director	1 Sep 1999	Other	2307902
Maureen Frances Baker	Secretary (functions as chief legal officer)	1 Apr 2000	Other	4348380
Maureen Frances Baker Fialcowitz	Secretary (functions as chief legal officer)	1 Apr 2000	Other	4348380
Lee D Augsburger	Vice president (functions as chief compliance officer)	1 Jan 2001	Other	1657850
Lee Duane Augsburger	Vice president (functions as chief compliance officer)	1 Jan 2001	Other	1657850
Patricia L. Cook	Vice president	1 Jul 2001	Other	1066107
Patricia Lurel Cook	Vice president	1 Jul 2001	Other	1066107
James Joseph Sullivan	Senior vice president	1 Mar 2002	Other	2402110
Peter David Cordrey	Vice president	1 Mar 2002	Other	1093924
Steven B. Saperstein	Vice president (functions as chief financial officer)	1 Mar 2002	Other	4649113
Steven Bruce Saperstein	Vice president (functions as chief financial officer)	1 Mar 2002	Other	4649113
James Joseph Sullivan	President & director	1 Sep 2002	Other	2402110

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Prudential Asset Management Holding Company	Sole shareholder	1 Jun 2000	75% - 100%	22-3734538
The Prudential Insurance Company Of America	Sole shareholder	1 Jun 2000	75% - 100%	22-1211670
Inc. Prudential Financial	Sole shareholder	1 Dec 2001	75% - 100%	22-3703799

Based in Newark

The principal office where The Prudential Asset Management Company, Inc. performs its advisory services is located at Gateway Center Two, Newark, NJ 07102 4077, which is also the mailing address of the firm. An additional office of the firm is in Woodland Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-367-1388 or by fax 973-367-8560. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.