SuperMoney
  Prudential Managed Account

Prudential Managed Account

in Investment Advisors from Prudential

Unaffiliated

Prudential Managed Account

Unaffiliated

in Investment Advisors from Prudential

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Prudential Managed Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Minimum Account $5,000
Management Fee 0.59% - 0.79%

Prudential Managed Account Review

Prudential Managed Account is founded in 1875 and based in Newark, NJ.

What fees does Prudential Managed Account charge?

Prudential Managed Account uses a fee-only model.

This means Prudential Managed Account gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

Prudential Managed Account Fees
Description
Annual Fee $40
Monthly Fee N/A
Management Fee 0.59% - 0.79%
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A

What management fees does Prudential Managed Account charge?

Prudential Managed Account charges an annual management fee that starts at .59% and ranges up to .79%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Prudential Managed Account?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Prudential Managed Account does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does Prudential Managed Account support?

Prudential offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts
  • SEP IRA
  • Trusts

Prudential does not offer any of the investment vehicles that we track.

What is the minimum amount you have to invest to open an account with Prudential Managed Account?

The minimum amount to open an account with Prudential Managed Account is 5000.

How does Prudential Managed Account compare to other investment advisors?

The Good The Bad
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   751 Broad Street
    Newark, NJ 7102
  •   Visit Site

Other Services by Prudential

Feature Breakdown

Annual Fee $40
Fee Based  
Management Fee 0.59% - 0.79%
Minimum Account $5,000
Accounts Supported
  • 529 College Savings Plans
  • Custodial Accounts
  • Employer Sponsored Plans
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • Traditional IRA
Automatic Rebalancing  
Independent/Registered Investment Advisor  
Software Managed  

Be the first to rate

 

Would you recommend Prudential Managed Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Investment Advisors

Betterment
Mostly recommended

5 Reviews

Blooom
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews