# Jennison Associates

> Jennison Associates is an SEC-registered investment advisory firm in New York, NY, registered since 1969, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 107959
- Filed as: JENNISON ASSOCIATES
- Legal name: Jennison Associates LLC
- Also doing business as: JENNISON
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107959
- AdvisorCensus page: https://advisorcensus.com/firm/jennison-associates-new-york-ny-107959

## Quick answers

**How is Jennison Associates compensated?**
On its Form ADV (Item 5.E, October 2026), Jennison Associates reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Jennison Associates located?**
Jennison Associates' principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Jennison Associates registered with the SEC or a state?**
Jennison Associates is an SEC-registered investment advisory firm, registered since 1969. Status as filed: Approved. CRD 107959.

**How much does Jennison Associates manage?**
Jennison Associates reports $214,839,169,153 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Jennison Associates' assets and staff changed since 2021?**
In the Form ADV data for Jennison Associates: Regulatory assets under management: $224,361,391,815 in the October 2021 data and $214,839,169,153 in the October 2026 data, down 4%. Total employees: 310 in October 2021 and 360 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Jennison Associates serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,802); high net worth individuals (554); corporations or other businesses not listed above (241).

**Which custodians does Jennison Associates use?**
Jennison Associates' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Northern Trust and State Street Bank as custodians holding 10% or more of its separately managed account assets.

**Does Jennison Associates report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107959

**What changed in Jennison Associates' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 62 to 66. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Northern Trust
- State Street Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $214,839,169,153
- Discretionary: $214,839,169,153
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4,802 | $1,287,782,030 |
| High net worth individuals | 554 | $1,341,785,000 |
| Banking or thrift institutions | 5 | $0 |
| Investment companies | 53 | $110,821,091,698 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 51 | $42,554,987,337 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 95 | $35,964,116,418 |
| Charitable organizations | 151 | $3,010,861,644 |
| State or municipal government entities (including government pension plans) | 29 | $10,717,209,352 |
| Other investment advisers | 83 | $0 |
| Insurance companies | 8 | $2,297,000,175 |
| Sovereign wealth funds and foreign official institutions | 9 | $6,180,301,433 |
| Corporations or other businesses not listed above | 241 | $635,816,212 |
| Other | 2 | $28,217,854 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1969 (57 years)
- Employees: 360 total, 66 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boston, MA

### Websites listed on Form ADV (Item 1.I)
- jennison.com
- pgim.com
- pgim.com/investments
- pgimindiamf.com
- prudential.com
- Facebook @pgimindiamf
- Instagram @pgim
- LinkedIn @jennison-associates
- LinkedIn @pgim
- X @pgim
- YouTube @pgim

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $224,361,391,815 | 310 | August 4, 2021 |
| October 2022 | $245,771,408,656 | 347 | July 20, 2022 |
| October 2023 | $164,275,126,570 | 367 | May 5, 2023 |
| October 2024 | $194,425,029,789 | 366 | August 1, 2024 |
| October 2025 | $211,331,386,426 | 363 | April 25, 2025 |
| October 2026 | $214,839,169,153 | 360 | March 30, 2026 |

Regulatory assets under management: $224,361,391,815 in the October 2021 data and $214,839,169,153 in the October 2026 data, down 4%.
Total employees: 310 in October 2021 and 360 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 62 to 66.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Jennison Associates (CRD 107959): Form ADV filing data as of October 2026.