At PNC, the belief that your success is our
success informs everything we do.
Investment management is a significant component of our comprehensive wealth management offering, and we take a highly personal and customized approach to managing your money.
Working with you, we strive to understand every aspect of your life that affects your financial goals. Then we craft customized solutions designed to help you achieve these goals.
The PNC Integrated Approach® to investment management includes an open architecture platform that combines our own comprehensive investment management capabilities with options from outside managers to provide an appropriate mix of assets for your portfolio.
We believe a disciplined process combined with client participation can help yield the best results, and when you invest with PNC, you can count on discipline, personal attention and customized solutions.
Exchange Traded Funds
Exchange-traded funds (ETFs) are baskets of stocks or bonds designed to closely track the composition and performance of a market index.
With an ETF, you can gain exposure to a whole portfolio of stocks or bonds in one security transaction - just as easily as you would buy an individual stock or bond. Like mutual funds, ETFs own a portfolio of securities, but similar to individual stocks, EFTs allow you the increased flexibility of intra-day trading.
Do ETFs offer other advantages over mutual funds?
Exchange traded funds tend to be less expensive than traditional mutual funds with expense ratios typically ranging between .07 - 1.19%. In addition to being highly liquid and tradable in real time, they may offer better tax efficiency than mutual fund investments.
Can exchange-traded funds replicate any index?
There are exchange-traded funds to track most major indices and PNC offers you access to over 100 different funds. Like index funds, exchange traded funds are passively managed and designed to track the price performance and dividend yield of the underlying index.
Who invests in exchange-traded funds?
Institutional and individual investors alike have found exchange-traded funds to offer liquid and cost-effective exposure to a broad range of asset classes. For short-term investors, an exchange-traded fund can provide an attractive alternative to money market funds. ETFs can also provide investors with diversified exposure to a specific industry, sector or group of stocks in a single investment, and do so with a low cost, passive approach.
If you're looking for a cost efficient alternative to passively managed index funds, speak to your PNC advisor about exchange-traded funds and how they might help you meet your investment objectives.
PNC Capital Advisors
PNC Capital Advisors, LLC, (PCA), a subsidiary of The PNC Financial Services Group, Inc., is a multi-strategy investment management organization providing investment solutions across a wide array of investment vehicles, styles, and asset classes, including large-cap equity, taxable and tax-exempt fixed income.
PCA seeks to provide competitive performance and quality service to our institutional clients. As an established institutional asset manager, we are experienced with the diverse investment requirements of corporate, public, multi-employer, foundations, endowments and other institutional clients, and offer a comprehensive array of investment strategies and services to meet the needs of those clients. Three distinguishing characteristics - scale, flexibility, and commitment - are at the foundation of our firm.
We have the resources to meet the client's needs. Our parent company, PNC, provides continued investments in product development, personnel, and system upgrades. Our scale enables us to provide greater levels of portfolio customization and attract and retain top portfolio management and client service talent, which reduces potential disruptions to the client and allows us to build enduring relationships. Our firm has a strong culture of risk management. Under the direction of our chief risk officer, an effective risk management framework exists at every level within the organization - investment, operational, regulatory, compliance and legal.
We believe one size does not fit all and are structured with the capabilities to meet the needs of each client. A distinct leadership team and firm committees allow us to operate independently and manage decisions at the firm level. All of our teams work together and communicate proactively to ensure we deliver on objectives.
We aim to deliver. Our investment styles are carefully managed to ensure they remain style pure and follow proven, repeatable processes. Our investment strategies offer track records by established teams with experienced members. Our focus on transparency is evidenced by consistent management and reporting. We will always work in the best interest of our clients - focusing on their circumstances, needs and expectations - because we consider the relationship a partnership.
Visit our web site at: www.pnccapitaladvisors.com for information about our investment solutions.
PNC Capital Advisors, LLC ("PCA") is a subsidiary of The PNC Financial Services Group, Inc. and is registered with the SEC as an investment advisor. Please contact us if you would like a copy of PCA's Form ADV, Part II and attachments thereto.
Separately Managed Accounts
In an increasingly complex financial environment, we believe no single asset manager can excel across all asset classes and investment styles.
Through our PNC Integrated Approachsm to wealth management, we believe you can benefit from a comprehensive, personalized investment program that gives you access to a broad range of managers across the spectrum of asset classes and investment styles.
Institutional Knowledge for Individual Investors
Traditionally, the independent managers we select have provided their services only to large institutional investors. As a client of PNC, you gain access to an institutional level of service and knowledge at a lower account minimum.
Benefit from Direct Ownership of Securities
Separately managed accounts include individual securities that you own directly. Direct ownership allows more customization - for example, you may restrict investment in securities that you may not want to hold for ethical reasons. Because you own the individual security, you can also work with your advisor to manage capital gains and losses in order to help optimize your tax situation.
Why should you consider a separately managed account with PNC?
In addition to personalized management from an advisor who strives to understand your goals and aspirations, you'll benefit from our relationships with outside managers, ongoing monitoring and review by your personal account manager, and comprehensive performance reports as well as portfolio analytics and a single consolidated statement.
Our PNC Integrated Approach can help you access sophisticated investment management capabilities with ease.
Alternative investments (for qualified investors) are just that - alternatives to traditional asset classes such as equity and fixed income.
These investments, which can include hedge funds, private equity, real estate, natural resources, and commodities, offer risk and return characteristics that may differ greatly from those of more mainstream asset classes.
Because of their differing risk/return characteristics, these assets can usually have a positive impact on your portfolio. These investments have the potential to reduce the overall risk of the portfolio without materially affecting expected returns. Due to private placement regulations, most alternative products are available only to institutional investors and private investors who meet certain qualifying standards.
Hedge funds can take an opportunistic approach to investing
A hedge fund is a privately organized, pooled investment vehicle that can invest in publicly traded securities, currencies, commodities, interest rates and derivatives. Typically pursuing absolute return objectives, they seek to generate positive returns across all market conditions. They do this by taking opportunistic positions and employing complex investment strategies.
How can an individual investor find attractive opportunities to invest?
Investing in hedge funds independently can be a difficult proposition. Even private investors who meet rigorous qualifying standards can be at a disadvantage when it comes to making an informed investment decision. Information is a closely guarded commodity within the industry, primarily due to strict nonsolicitation regulations, as well as the desire to protect proprietary strategies. PNC, with extensive knowledge and contacts throughout the industry, can help you determine if these investments are right for you and help facilitate your investment in this dynamic asset class.
Private equity can offer enhanced diversification and the potential for superior returns over the long term
Private equity -- direct or indirect investment in companies that are not listed on a public stock exchange -- can also offer investors the potential for increased diversification as well as the potential for superior returns in exchange for increased asset, financial and especially liquidity risks.
A private equity investment requires the investment of long-term capital, as returns may not be realized for several years. Since there is no secondary market, transferring or selling ownership in such an investment is typically not possible. Private equity investment is possible through pooled funds, but these funds can share the same types of risk as direct investments. However, for qualified investors with capital to invest for the long term, private equity may provide an attractive complementary alternative to the public equity market. PNC Wealth Management(R) can offer qualified clients expertise in private equity investing, as well as a thorough due diligence process to select attractive investment opportunities for our clients.
One of the keys to successful investing is to employ a consistent and disciplined approach to investment decision-making over time.
PNC Integrated Approach® is the foundation of our wealth management philosophy. You work closely with a highly experienced advisor who can design a custom-tailored program built to help you achieve your personal financial goals.
Our open architecture platform combines a wide array of investment products, both our own and those of other providers, to offer you the options that are best suited to your needs. From separately managed accounts to individual securities, alternative investments and more, we offer the range of products necessary to create an integrated solution.
Getting to know you and your goals
Our integrated approach begins with getting to know you. Your advisor will arrange an in-depth consultation to develop a deep understanding of your goals and your values. We listen intently to truly understand what you would like to achieve, your relationship to money, your tolerance for risk and the unique circumstances that inform your financial goals. We are focused on developing a relationship that will last and evolve over time. As your circumstances change, we keep in close touch to help ensure that your investment strategy reflects these changes. Hand in hand with your advisor, you will create a personal Investment Policy Statement to serve as a roadmap for your investment strategy.
A customized asset allocation strategy reflects your objectives
Based on your objectives, risk tolerance, time horizon and unique circumstances, we develop a personal asset allocation strategy that will help you work toward your financial goals. We believe asset allocation contributes more to portfolio performance than any other factor, and we use a strategic matching process to help determine that your asset allocation reflects your investment objectives. We help confirm that your portfolio is suitably diversified among various asset classes, since we believe diversification can reduce your overall portfolio risk.
Every investment option is rigorously screened
Our approach to selecting investments is objective and utilizes an appropriate mix of investment managers, securities and funds selected to fit your customized asset allocation. Each of these solutions is subjected to a meticulous screening process to help determine that it meets our investment parameters. Subsequent to our initial due diligence, each product or security is regularly reviewed by our analysts to help determine that screening standards continue to be met.
Your portfolio is regularly monitored
We monitor your portfolio on a regular basis to determine whether changes need to be made in your asset allocation, choice of managers or investment options. Within the guidelines that you and your advisor have established, we tactically allocate your assets to manage risk and capitalize on intermediate term market conditions.
Communicating to succeed
Ongoing and regular communication is the real key to a successful relationship. Not only do we provide regular briefings on portfolio performance and comprehensive account information, but we conduct regular reviews to keep abreast of the changes in your life and help confirm that your Investment Policy Statement reflects your needs. Nothing is more important to us than maintaining the relationship we've built with you and continuing to provide the customized and personal solutions you want. When you succeed, we succeed.
If your investment goals are for the long term, such as planning for your retirement or funding the education of your child or grandchild, then stocks may be worth considering. An advisor can help you decide whether equities or bonds are right for you.
Important Legal Disclosures and Information
The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Wealth Management® to provide investment and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds through its subsidiary, PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and to provide specific fiduciary and agency services through its subsidiary, PNC Delaware Trust Company or PNC Ohio Trust Company. 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 of FINRA and SIPC. Insurance products may be provided through PNC Insurance Services, LLC, a licensed insurance agency affiliate of PNC, or through licensed insurance agencies that are not affiliated with PNC; in either case a licensed insurance affiliate may receive compensation if you choose to purchase insurance through these programs. A decision to purchase insurance will not affect the cost or availability of other products or services from PNC or its affiliates. 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 does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors, LLC, a wholly-owned subsidiary of PNC Bank and SEC registered investment adviser.
“PNC Wealth Management” and “PNC Wealth Insight” are registered service marks of The PNC Financial Services Group, Inc.
Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we are required by Federal law to ask for your name, street address, date of birth (for natural persons) and other information as required to identify you. This may include a request or requests for confirmatory information such as presentation of your driver’s license and/or other document(s).
Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.
Insurance: Not FDIC Insured. No Bank or Federal Government Guarantee. Not a Deposit. May Lose Value.