Latest news with #PrudentialFinancial
Business Wire
5 days ago
- Business
- Business Wire
Prudential Financial Launches ActiveIncome Insurance Overlay, Delivering a New Category of Lifetime Income to Dimensional Managed Accounts
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today announced the launch of ActiveIncome, a first-of-its-kind insurance overlay option now accessible through Dimensional Fund Advisors' unified managed accounts (UMA) platform. ActiveIncome expands access to retirement security by pioneering an innovative new category of lifetime income to managed accounts, using a contingent deferred annuity option to address the evolving needs of retirement investors who work with registered investment advisors (RIAs). Clients can stay invested, preserving liquidity and flexibility, while gaining the security of a seamless lifetime income stream that varies with investment performance, all without moving assets to an insurance provider. Prudential's ActiveIncome insurance overlay is accessible from the Dimensional UMA platform via the Fiduciary Exchange LLC (FIDx) Insurance Overlay marketplace and supports all available investment options on the Dimensional UMA platform, including exchange-traded funds, mutual funds, separately managed accounts, and model strategies. 'With 11,200 Americans turning 65 every day, ActiveIncome is designed to create better retirement outcomes by thoughtfully addressing longevity risk. As Americans are planning for longer — potentially 30 or more years — and healthier retirement years, innovative approaches are required,' said Dylan Tyson, president of Retirement Strategies and head of Prudential's Global Retirement Center of Excellence. 'We're proud of the way Prudential is leading from the front, collaborating with a leading global investment firm in Dimensional Fund Advisors and an innovative, visionary insurance technology platform in FIDx, to help more people protect their life's work, so they can live better lives, longer.' Savina Rizova, co-chief investment officer and global head of research at Dimensional Fund Advisors, said: 'Dimensional has long advocated for focusing on income in retirement planning. We are pleased to further expand our business relationship with an industry leader like Prudential to enable ActiveIncome overlays as an option on our UMA platform. Dimensional SMAs and UMAs allow investment professionals to design robust investment solutions that meet the specific needs of their clients. Now advisors can contract with Prudential to include insurance overlays that help deliver financial security and peace of mind to their clients in retirement.' About Prudential Financial Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information, please visit About Dimensional Fund Advisors Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, Dimensional helps investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management, and trading while balancing tradeoffs that can impact returns. Dimensional is headquartered in Austin, Texas, and has 15 global offices across North America, Europe, Asia, and Australia. As of March 31, 2025, Dimensional manages $786 billion for investors worldwide. For more information, please visit About FIDx Fiduciary Exchange LLC (FIDx) powers a technology-empowered network that seamlessly integrates the brokerage, insurance, and advisory ecosystems to offer best-in-class annuities and insurance solutions from the industry's leading carriers. FIDx enables advisors to offer guaranteed income and downside protection as core components of their clients' portfolios, integrated within the same wealth management platforms they already use every day. An independent technology firm, FIDx connects advisory firms to insurance carriers and asset managers through a seamless, digitally enabled process so advisors can truly deliver comprehensive advice and help clients reach their goals. To learn more, please visit and follow FIDx on LinkedIn. Issued by Pruco Life Insurance Company , Newark, NJ (main office) and distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Registered annuities are long-term investments designed for retirement purposes. Investors should consider the features of the contract before investing. Please read the prospectus carefully before investing. Prospective purchasers should also understand the underlying investments' investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information can be obtained from your financial professional. It is possible to lose money by investing in securities. 1087226-00001-00
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Prudential Financial, Inc. to Announce Second Quarter 2025 Earnings; Schedules Conference Call
Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2025 earnings on Wednesday, July 30, 2025, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at Members of Prudential's senior management will host a conference call on Thursday, July 31, 2025, at 11:00 a.m. ET to discuss with the investment community the company's second quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at Please log on 15 minutes early in the event necessary software needs to be downloaded. Institutional investors, analysts, and other interested parties are invited to listen to the call by dialing one of the following numbers: Domestic: (877) 407-8293 (Toll Free) International: (201) 689-8349 Replay Information The call will be made available from 3:00 p.m. ET on July 31 through August 14 via the following numbers: Domestic: (877) 660-6853 (Toll Free) International: (201) 612-7415 Replay Code: 13754272 A replay will also be available on the Investor Relations website through August 14. Questions may be directed to Investor Relations at Prudential Financial, Inc. ( NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for 150 years. For more information, please visit
Business Wire
02-07-2025
- Business
- Business Wire
Prudential Financial, Inc. to Announce Second Quarter 2025 Earnings; Schedules Conference Call
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2025 earnings on Wednesday, July 30, 2025, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at Members of Prudential's senior management will host a conference call on Thursday, July 31, 2025, at 11:00 a.m. ET to discuss with the investment community the company's second quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at Please log on 15 minutes early in the event necessary software needs to be downloaded. Institutional investors, analysts, and other interested parties are invited to listen to the call by dialing one of the following numbers: Domestic: (877) 407-8293 (Toll Free) International: (201) 689-8349 Replay Information The call will be made available from 3:00 p.m. ET on July 31 through August 14 via the following numbers: Domestic: (877) 660-6853 (Toll Free) International: (201) 612-7415 Replay Code: 13754272 A replay will also be available on the Investor Relations website through August 14. Questions may be directed to Investor Relations at Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for 150 years. For more information, please visit
Business Wire
30-06-2025
- Business
- Business Wire
Prudential Financial Elects Tom Stoddard to Board of Directors
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU Stoddard brings to Prudential 35 years of experience in the financial services sector, spanning insurance, asset management, and investment banking. He recently retired as vice chairman of Global Investment Banking at Bank of America, where his responsibilities included the expansion of insurance advisory capabilities. Previously, he was the group chief financial officer at Athora Ltd., a European life insurance and pensions holding company founded by Apollo Global Management and domiciled in Bermuda. He also served as group CFO and a member of the board at Aviva plc, a publicly traded British multinational insurance and asset management company, from 2014 to 2019. 'Tom brings a valuable perspective to Prudential's Board through his broad and diverse leadership experience across financial services. His deep industry knowledge and extensive experience generating value for financial services companies will be critical in guiding Prudential's next chapter of growth,' said Sandra Pianalto, director and chair of the Board's Corporate Governance and Business Ethics Committee. 'We are excited to welcome him and start working together.' Additionally, Stoddard advised various financial institutions as a senior advisor to McKinsey & Company and as a senior managing director at Blackstone, where he advised AIG on its rescue and restructuring during the global financial crisis. Before joining Blackstone, he served as managing partner at Barrett Ellman Stoddard Capital Partners, a private equity investment and advisory firm he co-founded. He spent his early career in investment banking and started as a corporate lawyer with Cravath, Swaine & Moore. He holds a JD from the University of Chicago Law School and a bachelor's degree in economics from Swarthmore College, where he was a McCabe Scholar. About Prudential Financial Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for 150 years. For more information, please visit
Reuters
24-06-2025
- Business
- Reuters
Prudential Financial's PGIM to merge units into $1 trillion credit platform
June 24 (Reuters) - PGIM, the investment management arm of insurer Prudential Financial (PRU.N), opens new tab, will combine its fixed income and private credit units to create a nearly $1 trillion credit platform, a company spokesperson said on Tuesday. The combined credit unit will be led by John Vibert, who was overseeing the fixed income business. Matt Douglass will remain the head of private credit and report to Vibert. The changes are part of an overhaul the company has undertaken under CEO Jacques Chappuis to stay competitive in a rapidly evolving sector, as growing preference for comprehensive investment strategies fuels market share gains for larger asset managers. Bloomberg News was first to report PGIM's organizational changes. The company is also bringing together its multi-asset and quantitative solutions capabilities. Phil Waldeck, who was overseeing the firm's multi-asset business, will lead the new combined unit. PGIM has $1.39 trillion of total assets under management, according to its website.
