In today's financial environment, many people don't have the time, interest or experience in managing their money, so they turn to a financial professional to help them pursue their financial goals.
This has led to a recent rise in popularity of managed accounts, which offer investors access to both personalized guidance and professional portfolio management. Although the use of managed accounts is a rather common practice, many people still don't fully understand what they are and how they can be incorporated into their investment strategy.
What is a managed account?
In the simplest terms, a managed account is an investment portfolio held by an individual – i.e., you – but managed by a qualified financial professional.
At PNC Investments, a managed account means you work alongside a financial professional who takes the time to understand you personally, including your tolerance for risk, time horizon, short-term financial needs and long-term investment goals. This information is used to form the basis of your personalized investment strategy.
Using this strategy as a guide, your financial advisor will work with you to build a portfolio designed to help drive the results you're looking for – whether that entails simply helping to preserve what you currently have or investing for long-term growth.
Once your portfolio is in place, PNC Investments assumes the day-to-day responsibilities of monitoring your assets and making adjustments or recommendations as market conditions dictate, which can help keep you on track toward achieving your financial goals.
What sets a managed account apart?
A managed account represents a potentially easier and more accessible approach to investing. In a managed account, you pay a quarterly fee based on the value of your account, rather than a transaction based commission each time you buy or sell an investment product. At PNC Investments, managed accounts are defined by three distinct characteristics, which include:
Working toward your goals, together
A managed account offers a disciplined approach designed to help you achieve your financial goals. Best of all, you don't need a large pool of assets to get started: At PNC Investments, whether you're starting with an initial investment of $5,000 or something larger, we can help you determine which managed account is right for you.
Managed accounts offer access to both personalized guidance and professional portfolio management.
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This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.
Important Investor Information: Brokerage and insurance products are:
Not FDIC Insured • Not Bank Guaranteed • Not A Deposit
Not Insured By Any Federal Government Agency • May Lose Value
Securities products, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.
This document provides information on additional compensation that PNC Investments receives from certain mutual fund companies, 529 plan program managers and insurance companies.
This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.
PNC Investments does not guarantee the performance of any investment. Investing results may vary. Investments may lose money. Diversification and asset allocation may not prevent a loss of investment.
PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.
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