Pgim Limited is a large advisory firm based in London. It manages $47.99 billion of regulatory assets for 122 client accounts. It has been registered with the SEC as an adviser since 2016.
Pgim Limited provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 assets under management (AUM) of Pgim Limited is $47.99 billion. The firm's AUM has grown by 93% since the beginning of its operation, and $46.18 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Pgim Limited for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to insurance companies, investment companies, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Steven Bruce Saperstein is pooled investment vehicles with 43 clients and $18.46 billion of assets under management. Among the 11 most similar advisory firms, Pgim Limited has the 5th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $41.4 billion for 116 clients. 90% of the firm’s clients are foreign persons or businesses.
Pgim Limited also advises several private funds. Namely, two hedge funds, one real estate fund, and fifteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $127,360.
The company employs 203 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 19 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Steven Bruce Saperstein has been acting as President since 1 Apr 2012. Philip Mathew Barrett joined the executive team most recently as the Global Head Of Business And Investment Operations.
The principal office where Pgim Limited performs its advisory services is located at Grand Buildings, 1 3 Strand, London, Wc2 N 5 Hr, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number +44 (0) 207 766 2400 or by fax +44 (0) 207 766 2401. The normal business hours are 9.00 a.m. - 5.30 p.m. on Monday - Friday. You can find more information about the New York firm at pgimrealestate.com.