Prudential 2003 Annual Report Download - page 10

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8Growing and Protecting Your Wealth
In mid-2003 we reorganized our mutual funds by introducing
the JennisonDryden fund family. Each of the three managers that
make up JennisonDryden brings with it a distinct perspective.
Jennison Associates emphasizes a disciplined approach to equity
investing based on fundamental research by experienced analysts.
Prudential Fixed Income employs a team approach to credit sec-
tor analysis and is one of the largest managers of fixed-income
portfolios in the United States. Quantitative Management uses
advanced computer analytics to invest according to proven long-
term principles. By repositioning our mutual fund offerings around
the JennisonDryden name, we are providing products that offer
a compelling marketing case for third-party distribution channels.
In 2003, we introduced a new planning platform for use by our
agents and financial planners to help them meet their clients’ key
financial needs and goals. This state-of-the-art process—called
Prudential Financial Solutions—is designed to support all levels
of client needs, from basic analysis of a targeted financial need to
comprehensive fee-based financial planning.
•
Our domestic activities are keeping us on track to meet our goals.
In the United States, we are well positioned in the faster-
growing markets, such as annuities, retirement and asset
management. We have an outstanding mix of businesses for both
growing and protecting our clients’ wealth.
“We seek growth
internally and through
acquisition, joint
venture or other
forms of business
combination or
investment. Our
principal acquisition
focus is in our
current business
lines, both
domestically and
internationally.”
JOHN STRANGFELD
Vice Chairman,
Investment Division