The following information may be provided by PNC Wealth Management affiliates, including PNC Bank®, PNC Private Bank® or PNC Institutional Asset Management®:
PNC Directions®
Offered by PNC Wealth Management. PNC Directions is a mutual fund and exchange traded fund (ETF) investment advisory program designed for investors taking those first steps toward achieving their financial goals.
Key Features
Overview
PNC Directions is a discretionary managed account program utilizing mutual funds or ETFs.
- Minimum account size: $5,000 for mutual fund model or ETF model
- Professional portfolio management program designed for investors taking those first steps toward achieving their financial goals
- This account offering makes the process of investing easy and accessible by using professionally managed third party mutual funds, as well as ETFs managed by iShares®
- Mutual funds and ETFs are designed to offer investors access to a diversified portfolio of assets, without having to purchase each asset individually (which may be costly)
- All available mutual funds and ETFs have been carefully researched and undergo ongoing monitoring to confirm that they meet the quantitative and qualitative criteria of PNC Wealth Management
- Utilize the services of a PNC Wealth Management professional to help you choose an asset allocation strategy: conservative, moderate, balanced, growth or aggressive
- Annual portfolio review helps confirm that your investments remain consistent with your objectives
Investors should carefully consider the investment objectives, risks, charges and expenses of mutual funds and ETFs before investing; this and other information is contained in each fund's prospectus, provided by PNC Wealth Management, and should be read carefully before investing.
Additional Information
Asset Allocation Determines Fund Selection
PNC Wealth Management will begin by gaining an understanding of your financial goals, time horizon and risk tolerance – to help determine an appropriate asset allocation strategy. In this case, asset allocation strategy refers to the mix of equities (stocks) and fixed income investments (bonds) that make up your portfolio.
At one end of the spectrum is a conservative asset allocation model, structured to help generate income and more heavily weighted in bond and money market funds. At the other end of the spectrum is the aggressive model, geared toward longer-term growth, and more heavily weighted toward equity funds.
Then, using your asset allocation and risk tolerance assessment as a guide, your PNC Wealth Management professional will work with you to select the appropriate model and the firm will select the mutual funds or ETFs to construct your portfolio based on the model selected. The mutual funds and ETFs available through PNC Directions are rigorously researched and their performance is monitored on an ongoing basis.
Reviewing Your Portfolio
Once your portfolio is established, you’ll receive monthly account statements and quarterly performance reports so you can stay current on your holdings. Additionally, you will have access to a PNC Wealth Management professional who can answer any questions regarding the performance of your account. PNC Wealth Management professionals can make adjustments to your investments should your goals or financial situation change.
Pricing & Fees
PNC Directions charges a 1% annual fee for the investment advisory and brokerage services provided by PNC Wealth Management. Mutual fund and ETF fees and expenses, as well as certain account service fees, are in addition to the program fee.
More Information
For detailed information regarding PNC Directions, a wrap program sponsored by PNCWM, please review the program's (External) Form ADV Part 2A Disclosure Document
