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Jennison Associates Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Jennison Associates

Jennison Associates provides investment advisory services to principally institutional clients. Headquartered in New York City, the firm also has an office in Boston. Jennison's financial advisors currently oversee billions in assets under management (AUM).

The firm mainly focuses on managing portfolios for institutional clients such as corporate plan sponsors of qualified retirement plans. It conducts much of its equity portfolio management via its New York office, while most of its global equities portfolio management and investment research comes out of its offices in Boston.

Jennison Associates Background

In 1969, Jennison registered with the Securities Exchange Commission (SEC) as an investment advisor and began primarily managing tax-exempt U.S. large-cap-growth equity accounts. The Prudential Insurance Company of America (PICA) acquired the firm in 1985, and Jennison began managing mutual funds in 1990. Today, Jennison is a wholly owned subsidiary of Prudential Financial, Inc., one of the largest insurance companies in the U.S.

Jennison Associates Client Types and Minimum Account Sizes

Jennison indirectly works with non-high-net-worth and high-net-worth individuals, but institutional clients make up most of its client base. In fact, it serves:

  • Investment companies
  • Pooled in vestment vehicles
  • Pension and profit-sharing plans
  • Charitable organizations
  • Municipal governments
  • Insurance companies
  • Sovereign wealth plans
  • Corporations
  • Welfare plans

Minimum account sizes vary by product, investment vehicles and characteristics of the program. Institutional clients would discuss these minimums with the firm, which may waive these minimums at its discretion. 

Services Offered by Jennison Associates

Jennison primarily offers investment advisory services driven by specific investment strategies. These form the basis of its model portfolios

  • Growth Equity
  • Small-Cap Equity
  • Mid-Cap Equity
  • Global Equity
  • Emerging Markets Equity
  • Value Equity
  • Income Equity
  • Fixed-Income
  • Blended strategies

In addition, the firm extends these strategies and other individualized portfolio management services to clients of wrap-fee programs sponsored by third parties.   

Jennison Associates Investment Philosophy

In evaluating securities, Jennison generally applies fundamental analysis. This research process involves projecting the performance of a company by deeply examining factors such as its financial statements, management experience and quality of products or services. 

Moreover, the firm’s analysts specialize in specific market sectors. So they evaluate these companies by gathering insights from managers, customers, suppliers and others involved in its business. 

Fees Under Jennison Associates

Fees for services from Jennison are generally negotiable. They vary based on the types of services provided and other factors. We describe the firm’s different fee-based programs below.

Fees for Separate Account Advisory Services vary depending on factors such as services rendered, account size, investment strategy and more. For discretionary services, the firm generally charges asset-based or performance-based fees. The latter means fees can climb higher based on how well your advisor can manage your account’s growth. For non-discretionary services, Jennison usually charges asset-based fees. Fees charged to investors in these vehicles are outlined in the fund’s offering documents.

Jennison serves as sub-advisor for collectively managed vehicles such as mutual funds and collective investment trusts. For these services, it typically charges both asset-based and performance-based fees.

Clients under managed accounts typically pay the sponsor a wrap fee which includes expenses for brokerage, custody and advisory services along with performance modeling and reporting. The sponsor then passes along part of that fee to Jennison. Full details would be available in the sponsor’s brochure for the wrap program. 

Jennison also provides the following negotiable fee schedules for clients with dual contracts in certain programs:

Large Cap Growth Equity Fee Schedule
Fees Assets
0.75%  On first $10,000,000
0.50% on the next $30,000,000
0.35% on the next $25,000,000
0.25% on the next $335,000,000
0.22% On the balance


Large Cap Value Equity Fee Schedule
Fees Assets
0.60% On the first $25,000,000
0.50% On the nest $25,000,000
0.40% On the nest $50,000,000
0.30% On the balance


Large Cap Blend Equity Fee Schedule
Fees Assets
0.60% On the first $50,000,000
0.50% On the next $200,000,000
0.45% On the balance


Global Equity Opportunities Fee Schedule
Fees Assets
0.75% On the first $25,000,000
0.60% On the next $75,000,000
0.50% On the balance

The fees described above generally apply to advisory fees paid to Jennison. However, client accounts will bear all fees and expenses related to the management of their investments. These may include charges from custodians, brokers, third-party investment managers and more.

What to Watch Out For

Jennison has no regulatory or legal disclosures in its most recent filings with the Securities and Exchange Commission.

Opening an Account With Jennison Associates

To contact Jennison, visit its website or call the firm’s headquarters at (212) 421-1000.

All information was accurate as of the writing of this article.

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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research