Prudential Select Strategies LLC
Assets Under Management
$21.7B
Number of Clients
29
Number of Advisors
N/A
Average Client AUM
$748.8M
AUM per Advisor
N/A
Compensation
Fee-Only (AUM)
About This Firm
Prudential Select Strategies provides investment management and advisory services related to alternative and traditional asset classes. They offer services through advisory relationships, separately managed accounts, or investment vehicles. Clients include PICA general accounts, PFI subsidiaries, and unaffiliated institutional investors. They construct multi-manager portfolios for clients consisting of private fund limited partnerships in alternative investment vehicles and source, conduct due diligence on, engage, and monitor investment managers of traditional assets and private credit mandates.
Fee Structure
PSS negotiates advisory and asset management fees individually with clients. Fees vary based on factors like account size, investment strategy, and client affiliation. Clients may pay different fees. Compensation is generally asset-based or performance-based. Fees at the investment fund or structured product level are in addition to PSS's fees, unless a bundled fee is agreed upon. Clients are responsible for other fees like custodial and brokerage fees. Clients invested in private funds will pay their pro rata portion of the fund’s management fees, incentive fees, and any profit allocations.
Areas of Practice
Location
655 Broad Street, Newark, NJ, 07102