Report
Henry Heathfield, CFA
EUR 101.80 For Business Accounts Only

Prudential's Jackson Enters Private Wealth to Focus on High and Ultra-High Net Worth

Prudential plc’s Jackson National Life U.S. annuities unit has recently announced the formation of a private wealth and trust group. We believe this is a more defendable end of the market. We increase our fair value estimate to GBX 1,585 per share to account for the time value of money, and we maintain our no-moat rating.
This will be a specialised team that will be focused on complex planning, investment management, and tax mitigation strategies for high-net-worth and ultra-high-net-worth clien...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Henry Heathfield, CFA

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