DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Pgim Multi-Asset Solutions LLC

Former SEC-registered adviserNewark, New JerseyCRD 136274SEC 801-64609websiteIAPD
Latest filing Mar 25, 2025
First filing on the tape Mar 19, 2012 · 30 filings
SEC status approved since Aug 16, 2005
RAUM
$26B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
39
30 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$26B as of Mar 25, 2025
Mar 19, 2012$5.5B then
HNW client RAUM$0 as of Mar 25, 2025
Mar 29, 2018$0 then
State-registered IARs (5.B.3)7 as of Mar 25, 2025
Mar 19, 20120 then
Employees (5.A)39 as of Mar 25, 2025
Mar 7, 201311 then
Private funds: no history
RAUM +96% over the last fiscal yearIARs 4 to 7
Practice profile
derived from the filing of Mar 25, 2025; every figure names its basis
RAUM per advisor
$3.8BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$8.8BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.6derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+96%derivedbetween the last two annual amendments
Advisor growth, one year
+75%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$16B, 2 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Insurance companies$26B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$16B for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Li Cheng · Chief Financial Officer & Manager, Board Of Managerscontrol
        since 01/2022 · owns less than 5%
      • Elizabeth Patricia Flynn · Vice President And Chief Compliance Officercontrol
        since 03/2022 · owns less than 5%
      • Alfred Lerman · Chief Investment Officer & Manager, Board Of Managerscontrol
        since 09/2021 · owns less than 5%
      • Michael Jason Roach · Chief Operating Officer & Manager, Board Of Managerscontrol
        since 11/2022 · owns less than 5%
      • Marie Karen Sills · Vice President And Chief Legal Officercontrol
        since 04/2022 · owns less than 5%
      • Philip George Waldeck · President And Chief Executive Officer & Manager, Board Of Managerscontrol
        since 09/2021 · owns less than 5%
      Entity owners
      • Pgim Holding Company LLC · Sole Member
        direct · owns 75% or more
      • Prudential Financial, Inc. · Owner
        indirect · owns 75% or more of Pgim Holding Company LLC · public reporting company
      Related persons
      Schedule D 7.A
      Advisers that list Pgim Multi-Asset Solutions LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 2 to 3
        Oct 2, 2024 to Mar 25, 2025
      • Advisory employees · 26 to 30
        Oct 2, 2024 to Mar 25, 2025
      • Assets in custody · $13B to $16B
        Oct 2, 2024 to Mar 25, 2025
      • Employees · 31 to 39
        Oct 2, 2024 to Mar 25, 2025
      • Financial planning clients · unset to
        Oct 2, 2024 to Mar 25, 2025
      • State-registered IARs · 4 to 7
        Oct 2, 2024 to Mar 25, 2025
      • Discretionary RAUM · $13B to $26B
        Oct 2, 2024 to Mar 25, 2025
      • RAUM · $13B to $26B
        Oct 2, 2024 to Mar 25, 2025
      • Business name · PGIM PORTFOLIO ADVISORY to PGIM MULTI-ASSET SOLUTIONS LLC
        Oct 1, 2024 to Oct 2, 2024
      • Legal name · PGIM PORTFOLIO ADVISORY LLC to PGIM MULTI-ASSET SOLUTIONS LLC
        Oct 1, 2024 to Oct 2, 2024
      • Accounts · 0 to 2
        Sep 14, 2023 to Mar 26, 2024
      • Advisory employees · 10 to 26
        Sep 14, 2023 to Mar 26, 2024
      • BD registered reps · 4 to 7
        Sep 14, 2023 to Mar 26, 2024
      • Assets in custody · unset to 13386849702.0
        Sep 14, 2023 to Mar 26, 2024
      • Custody of client assets · false to true
        Sep 14, 2023 to Mar 26, 2024
      • Employees · 10 to 31
        Sep 14, 2023 to Mar 26, 2024
      • Insurance-licensed employees · 1 to 0
        Sep 14, 2023 to Mar 26, 2024
      • State-registered IARs · 2 to 4
        Sep 14, 2023 to Mar 26, 2024
      • Discretionary RAUM · $0 to $13B
        Sep 14, 2023 to Mar 26, 2024
      • RAUM · $0 to $13B
        Sep 14, 2023 to Mar 26, 2024
      • Advisory employees · 7 to 10
        Jun 16, 2022 to Mar 30, 2023
      • BD registered reps · 0 to 4
        Jun 16, 2022 to Mar 30, 2023
      • Employees · 7 to 10
        Jun 16, 2022 to Mar 30, 2023
      • Insurance-licensed employees · 0 to 1
        Jun 16, 2022 to Mar 30, 2023
      • State-registered IARs · 0 to 2
        Jun 16, 2022 to Mar 30, 2023
      • Legal name · PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC to PGIM PORTFOLIO ADVISORY LLC
        Jun 16, 2022 to Mar 30, 2023
      • Business name · PGIM GLOBAL PARTNERS to PGIM PORTFOLIO ADVISORY
        Jan 28, 2022 to Jun 16, 2022
      • Accounts · 19 to 0
        Mar 24, 2021 to Jan 28, 2022
      • Advisory employees · 2 to 7
        Mar 24, 2021 to Jan 28, 2022
      • Pooled vehicle clients · 3 to 0
        Mar 24, 2021 to Jan 28, 2022
      • Discretionary RAUM · $6.8B to $0
        Mar 24, 2021 to Jan 28, 2022
      • Pooled vehicle RAUM · $6.8B to $0
        Mar 24, 2021 to Jan 28, 2022
      • RAUM · $6.8B to $0
        Mar 24, 2021 to Jan 28, 2022
      • Accounts · 18 to 19
        Dec 18, 2020 to Mar 24, 2021
      • Employees · 6 to 7
        Dec 18, 2020 to Mar 24, 2021
      • Discretionary RAUM · $6.2B to $6.8B
        Dec 18, 2020 to Mar 24, 2021
      • Pooled vehicle RAUM · $6.2B to $6.8B
        Dec 18, 2020 to Mar 24, 2021
      • RAUM · $6.2B to $6.8B
        Dec 18, 2020 to Mar 24, 2021
      • Accounts · 23 to 18
        Mar 26, 2020 to Dec 18, 2020
      • Discretionary RAUM · $6.7B to $6.2B
        Mar 26, 2020 to Dec 18, 2020
      Signals
      28 dated events
      • Pgim Multi-Asset Solutions Llc no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $26.3B)
        Apr 1, 2026 · Left the SEC roster · derived
      • Pgim Multi-Asset Solutions Llc reported RAUM $26.3B, up 96% from $13.4B (2024-10-02 to 2025-03-25)
        Mar 25, 2025 · RAUM change · derived
      • Michael Jason Roach (Vice President And Chief Operating Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Mar 30, 2023 · Control person joined · fact
      • Paul Alfred Lerman (Managing Director And Chief Investment Officer) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2022-01-28, absent 2022-06-16)
        Jun 16, 2022 · Control person left · inference
      • Yafeu. Jelani Roper (Secretary) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2022-01-28, absent 2022-06-16)
        Jun 16, 2022 · Control person left · inference
      • Alan Chad Earnst (Vice President And Chief Compliance Officer) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2022-01-28, absent 2022-06-16)
        Jun 16, 2022 · Control person left · inference
      • Baker Maureen Fialcowitz (Vice President And Chief Legal Officer) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2022-01-28, absent 2022-06-16)
        Jun 16, 2022 · Control person left · inference
      • Alfred Lerman (Managing Director And Chief Investment Officer And Director) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jun 16, 2022 · Control person joined · fact
      • Elizabeth Patricia Flynn (Vice President And Chief Compliance Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jun 16, 2022 · Control person joined · fact
      • Marie Karen Sills (Vice President And Chief Legal Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jun 16, 2022 · Control person joined · fact
      • Pgim Multi-Asset Solutions Llc reported RAUM $0, down 100% from $6.8B (2021-03-24 to 2022-01-28)
        Jan 28, 2022 · RAUM change · derived
      • Gerard Bernard Ohara (Vice President, Controller, And Member Of Board Of Managers) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2021-03-24, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • David Christopher Sciglitano (Member Of Board Of Managers) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2021-03-24, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Eric Michael Director (Chief Investment Risk Officer) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2021-03-24, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Steven Matthew Villa (Chief Compliance Officer) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2021-03-24, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Li Cheng (Director, Vice President, Finance And Chief Financial Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jan 28, 2022 · Control person joined · fact
      • Alan Chad Earnst (Vice President And Chief Compliance Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jan 28, 2022 · Control person joined · fact
      • Baker Maureen Fialcowitz (Vice President And Chief Legal Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jan 28, 2022 · Control person joined · fact
      • Paul Alfred Lerman (Managing Director And Chief Investment Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jan 28, 2022 · Control person joined · fact
      • Philip George Waldeck (Director, Senior Vice President, And President And Chief Executive Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Jan 28, 2022 · Control person joined · fact
      • Peter Glenwyn Baptist (President, Ceo And Member, Board Of Managers) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2021-03-24, absent 2022-01-28)
        Jan 28, 2022 · Control person left · inference
      • Eric Michael Director (Chief Investment Risk Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Mar 24, 2021 · Control person joined · fact
      • Lindley John Bronson (Secretary (Acts As Chief Legal Officer)) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2019-03-28, absent 2020-03-26)
        Mar 26, 2020 · Control person left · inference
      • Yafeu. Jelani Roper (Secretary, Also Serving As Chiel Legal Officer) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Mar 26, 2020 · Control person joined · fact
      • Gerard Bernard Ohara (Vice President, Controller, And Member Of Board Of Managers) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Mar 28, 2019 · Control person joined · fact
      • David Christopher Sciglitano (Member Of Board Of Managers) appeared on Schedule A of Pgim Multi-Asset Solutions Llc
        Mar 28, 2019 · Control person joined · fact
      • Daniel Brian Nee (Vice President, Controller And Member Of Board Of Managers) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2018-08-02, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      • John Praveen (Vp & Member, Board Of Managers) no longer on Schedule A of Pgim Multi-Asset Solutions Llc (listed 2018-08-02, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026