Prudential of US to woo European mass affluent

The Prudential Insurance Company of America has unveiled Strategist, an asset management product designed to attract the &quotmass affluent&quot in Europe.

The &quotmass affluent&quot refers to individuals prepared to invest at least $50,000 and, on average, $500,000. Prudential Insurance, which is popularly referred to as &quotthe Rock&quot on account of its cliff-face logo, has identified asset allocation as an area of the investment process where these individuals need help. It believes its solution to this need is unique.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It