Sub-Accounting Advantage
For our institutional investment management clients, sub-accounting offers a comprehensive platform that can help manage multiple pooled investment accounts.
Since 1992, PNC Sub-Accounting Advantage has helped to improve organizations’ investment management and record-keeping with minimal disruption and cost. We welcome the opportunity to work with your organization to help you meet your fiduciary responsibilities and goals.
PNC Sub-Accounting Advantage is backed by sophisticated technology and a talented team of professionals dedicated to understanding the unique characteristics of the nonprofit sector.
At PNC Institutional Asset Management®, we offer a comprehensive platform that can help manage multiple pooled investment accounts. Fiduciaries face significant responsibilities that put a strain on limited time, resources and expertise. As a fiduciary, you have an obligation to meet the high standards set by those who have entrusted their assets to your care. With rising expectations among investors, the challenge for fiduciaries can be daunting.
Helping You Overcome Challenges
Whether you’re overseeing the investment-related activity of a donor-advised fund, endowment, foundation or charitable institution, the demands on your staff could include recordkeeping, asset management, report generation and distribution, among others. If gaps in any of these areas pose obstacles for your organization, we can help.
Improved Investment Management & Reporting
You can control asset allocation at the organizational or participant level by investing in
units of one or more investment fund pools that you establish in compliance with applicable securities laws, and with clearly defined investment objectives and benchmarks. PNC Institutional Asset Management can act as the sole investment manager or as one of several.
We can combine various blended portfolios managed by different asset managers into one pool at any participant level — equity, fixed income or money market — and can accommodate multiple money managers for any specific investment pool.
Electronic Reports & Statements at Organization and Participant Levels
PNC Sub-Accounting can help you and your staff accommodate documentation requests by boards of directors, staff members, auditors or beneficiaries. Distributed electronically, these reports and statements can be customized with your clients’ logos and include:
- Consolidated detail report
- Fund summary report
- Fund historic value summary report
- Statement of admissions and withdrawals
- Participant reports
Key Product Features:
- Daily net asset values
- Daily admissions and withdrawals
- Auto rebalancing of participants’ asset allocations
- Flexible asset allocation of investment pools at organizational or participant levels
- Permits distribution of income as well as periodic or scheduled payments, which can vary for each participant account
- Remittance to beneficiaries or interested parties can be made by PNC check with client logo or automated clearing house (ACH) deposit
- Participants with payments to the same payee are combined into one check
- Participants can specify fiscal year end different from client-specified year end (calendar month only)
- Standard package of electronic reports customized with client logos
- Online access to organizational and participant-level account information is available
- Competitive pricing
I-Hub: Secure online Access to Your Account 24/7
Clients have 24-hour online access to account reporting and account processing through I-Hub at no additional charge.
Our system provides instant access to all custody, accounting and securities transaction data, as well as the ability to create custom reports and download data reports. The system can also be set up to initiate and manage cash, trading, or benefits transactions for most account types. Approval flows for transactions are customizable and tailored to meet your organization’s needs with options such as dual approvals, submitter cannot approve own work, and approval limits.
Work With Us Today
For more information, please contact:
Alexis Lundeen
Director, Asset Servicing
PNC Institutional Asset Management®
alexis.lundeen@pnc.com
You may also contact your PNC Representative or fill out a simple form and we'll get in touch with you.
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Important Legal Disclosures & Information
The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Institutional Asset Management® for the various discretionary and non-discretionary institutional investment, trustee, custody, consulting, and related services provided by PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and investment management activities conducted by PNC Capital Advisors, LLC, an SEC-registered investment adviser and wholly-owned subsidiary of PNC Bank. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“PNC Institutional Asset Management” is a registered mark of The PNC Financial Services Group, Inc.
Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.
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