Prudential Bank & Trust, F.S.B. (Hartford)

Name: Prudential Bank & Trust, F.S.B.
Address: One Commercial Plaza, Hartford, CT, 06103
Telephone: 800-778-2265

Prudential Bank & Trust, F.S.B. is a large advisory firm based in Hartford. It manages $395.67 million of regulatory assets for 543 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Georgia, New York, and Utah.

Prudential Bank & Trust, F.S.B provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, 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.

Prudential Bank & Trust, F.S.B: assets under management

The assets under management (AUM) of Prudential Bank & Trust, F.S.B. is $395.67 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $391.34 million in discretionary accounts and $4.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $724.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.44 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prudential Bank & Trust, F.S.B. for their services and products based on a percentage of assets under management and fixed 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.

Careers at Prudential Bank & Trust, F.S.B.

John Yong Kim has been acting as President since 1 Apr 2004. Victor Edward Saliterman joined the executive team most recently as the Director, President & Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Prudential Ibh Holdco	Owner	1 Dec 2001	75% - 100%	22-3804354
John Yong Kim	Director	1 Apr 2004	Other	2010539
Victor Edward Saliterman	Director, president & cfo	1 Apr 2004	Other	4483911
Scott Garrett Sleyster	Director	1 Apr 2004	Other	3237223
William Vincent Healey	Functions as chief legal officer	1 Apr 2004	Other	1551214
Medina Katura Jett	Chief compliance officer	1 Apr 2004	Other	4790252
John Reeve Dunn	Director	1 Apr 2004	Other	4795943
Nicholas Salvatore Perna	Director	1 Apr 2004	Other	4795946

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Prudential Financial	Ultimate parent	1 Dec 2001	75% - 100%	22-3703799

Based in Hartford

The principal office where Prudential Bank & Trust, F.S.B. performs its advisory services is located at One Commercial Plaza, Hartford, CT 06103, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-778-2265 or by fax 770-604-7085. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.prudential.com.