The new product, called Managed Assets Advisory Program [MAAP], targets advisors who serve investors with "substantial wealth" with a platform of more than 100 researched individually managed accounts and more than 400 mutual funds.
The program allows advisors to monitor each clients portfolio and provide advice based about the portfolios investments based on analysis and research provided by Prudential. By using a single platform, advisors are given a consistent source of data and information, said Keitha Kinne, Prudentials director of investment management services.
The product also helps advisors build balanced portfolios by offering manager combinations such as growth and value as well as large cap and small cap.
As of June 30, Prudential Investments had $102 billion in assets under management in funds, annuities, individually managed accounts and fund wraps.
