Post by onthejob on Mar 15, 2022 19:20:10 GMT -5
Anyone know the effects, if any, on our accounts?
An update on the sale of Prudential Retirement
Prudential recently entered into an agreement to sell our full‐service retirement business to Empower, the second‑largest retirement services provider in the United States. The transaction is expected to close early in the second quarter of 2022 (subject to regulatory approvals and customary closing conditions).
If you participate in a Self‑Directed Brokerage Account, we recently sent you a letter explaining that the broker‑dealer of your account will be changing. Please review the letter to understand your options.
When the transaction closes, you’ll start seeing the Empower logo in communications and when accessing your account.
You can continue using the same:
Website and login credentials
Online account access and web‑based transactions
Customer support phone number
Mobile app (if available)
And you’ll continue receiving the same quality service you’ve come to rely on.
An update on the sale of Prudential Retirement
Prudential recently entered into an agreement to sell our full‐service retirement business to Empower, the second‑largest retirement services provider in the United States. The transaction is expected to close early in the second quarter of 2022 (subject to regulatory approvals and customary closing conditions).
If you participate in a Self‑Directed Brokerage Account, we recently sent you a letter explaining that the broker‑dealer of your account will be changing. Please review the letter to understand your options.
When the transaction closes, you’ll start seeing the Empower logo in communications and when accessing your account.
You can continue using the same:
Website and login credentials
Online account access and web‑based transactions
Customer support phone number
Mobile app (if available)
And you’ll continue receiving the same quality service you’ve come to rely on.
