Prudential Wealth Advisors (PRU) Stock News

Japan's FSA issued business suspension and improvement orders to Prudential of Japan and Gibraltar Life. POJ cannot solicit new business until Jan 31, 2027; Gibraltar's Life Consultant channel is suspended through same date. Business improvement plans due by end of November 2026. Conference call at 8 AM ET today.

Prudential Financial's Japan life insurance unit published the Special Investigation Committee's report on inappropriate monetary conduct by sales employees. The company also reported that reimbursement review has been completed for 492 of 498 affected individuals, covering 3.08 billion yen in claims. An additional 329 cases from other inquiries were found eligible for 2.57 billion yen in reimbursement.

Prudential Financial's US financial advice business changes name from Prudential Advisors to Prudential Wealth Advisors. Assets under management have increased more than 60% in less than three years, from about $27 billion in 2023 to $44 billion. The business now supports over 3,000 financial advisors.

Prudential Financial's U.S. advice business changes name to Prudential Wealth Advisors, reflecting a shift to a holistic wealth management platform. AUM has grown 60%+ to $44 billion since 2023. The business supports over 3,000 advisors and continues to invest in technology and resources through its LPL Financial partnership.