In today's financial environment, many people don't have the time, interest or experience to manage 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:
- Guidance. A PNC Investments Financial Advisor will work with you to develop a personalized investment strategy, help you build and monitor your portfolio and answer any questions you might have along the way.
- Convenience. A managed account removes the day-to-day research and maintenance from the investing equation, meaning you spend less time focused on your investments and more time focused on your family, your job or other interests.
- Risk Management. At PNC Investments, you'll have access to proprietary asset allocation models and a mix of professionally screened funds and managers.
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.
Call PNC Investments today at 1-855-762-4683 to learn more about how your investment strategy could benefit from professional portfolio management.