Printer Friendly
The Free Library
14,530,717 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

JennisonDryden Introduces Investment Monitor for Financial Advisors; Time-saving Report Helps Advisors Meet Their 401(k) Fiduciary Responsibility.


NEWARK, N.J. -- JennisonDryden Mutual Funds, Prudential Financial, Inc.'s (NYSE NYSE

See: New York Stock Exchange
:PRU PRU Prudential Financial
PRU Pupil Referral Unit
PRU Photographic Reconnaissance Unit
PRU Potomac Rugby Union (Washington, DC)
PRU Provincial Reconnaissance Unit
PRU Projets de Rénovation Urbaine
PRU Pruhonice
) proprietary fund family, today announced the introduction of Investment Monitor, a diagnostic plan-level review that helps financial advisors meet their 401(k) fiduciary responsibility. Investment Monitor provides concise, institutional quality reports that make it easy for financial advisors to determine if the investments are performing as expected against their relevant benchmarks and peer groups.

"Fiduciary oversight is a critical aspect of the job financial advisors perform for their 401(k) clients," said Scott Benjamin, vice president of marketing and product management for the JennisonDryden Mutual Fund family. "New regulations, coupled with increasingly sophisticated investment strategies, create an environment in which client portfolios should be periodically analyzed using a myriad of quantitative and qualitative metrics. Investment Monitor is designed to provide this information in a comprehensive, user-friendly electronic report that financial advisors can share with their clients."

Investment Monitor includes various technical measures, such as standard deviation In statistics, the average amount a number varies from the average number in a series of numbers.

(statistics) standard deviation - (SD) A measure of the range of values in a set of numbers.
, alpha and Sharpe ratios, and risk/return and style analysis for mutual funds from any provider. It aims to help financial advisors save time, cut down on administration duties, improve client relations, comply with regulatory mandates, and differentiate themselves from competitors.

JennisonDryden, from Prudential Financial, brings institutional asset management capabilities to retail investors in a wide range of mutual funds and separate accounts. JennisonDryden offers three asset managers--Jennison Associates, Quantitative Management Associates, and Prudential Fixed Income--that are well known and respected by major corporations, pension plans, and other institutional investors throughout the world. Individuals investing in JennisonDryden products benefit from the same processes, research, risk management, and performance demanded by some of today's largest and most sophisticated investors.

JennisonDryden funds are distributed by Prudential Investment Management Services LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (PIMS PIMS Pacific Institute for the Mathematical Sciences
PIMS Penalty Minutes (hockey)
PIMS Pakistan Institute of Medical Sciences
PIMS Profit Impact of Market Strategy
PIMS Project Information Management System
), member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . Jennison Associates and PIMS are Prudential Financial companies. Indirectly through subsidiaries, Prudential Financial, Inc. owns 38% and Wachovia Corporation owns 62% of Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation.  LLC. JennisonDryden is a registered trademark of The Prudential Insurance Company of America. More information is available at www.jennisondryden.com.

Prudential Financial companies, with approximately $568 billion in total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing.  as of June 30, 2006, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location.  and, through a joint venture, retail securities brokerage services. For more information, visit www.prudential.com.

For more information about JennisonDryden mutual funds, contact your financial professional for a prospectus. Investors should consider the fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the fund. Read the prospectus carefully before investing.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Aug 7, 2006
Words:469
Previous Article:Fitch Affs $48MM Bd of Trustees of Oakland Univ (MI), Gen Rev Bnds, Ser 2001 (VRDBs) at 'AAA/F1+'.
Next Article:Alaska Communications Systems Appoints Anand Vadapalli as Senior Vice President of Network and Information Technology.
Topics:



Related Articles
401(k) education: how much should I say?
Outsourcing a 401(k) plan.
Access to advice may be a good thing: afraid to provide 401(k) investment advice to your employees? Congress wants to ease your fears, while advisory...
Mitigating 401(k) plan fiduciary liability: with fiduciary liability rising--a particular threat to small and mid-sized companies--a consultant...
Caveats to selling financial services.
Investment Advisor (Shrewsbury, NJ), a magazine serving independent financial advisors published by Wicks Business Information, has launched...
Pension attention: increased regulatory oversight increases pension plan Consulting opportunities for CPAs.(certified public accountants)
What is your fiduciary IQ?(Risk Management)
Three 401(k) plan risks every company fiduciary should know.(private companies)
Time to rethink your 401(k) plan? Pension Protection Act allows employers to redesign retirement plans.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles