Pnc Investments

CRD#129052
Investment Advisor Firm

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Learn more about Pnc Investments

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Pnc Investments is an advisory firm based in Pittsburgh, Pennsylvania. Pnc Investments oversees $21.6 billion in assets under management over 152,386 client accounts, placing it among the largest firms in the country by assets under management (AUM). Pnc Investments has a very large team, including 779 financial advisors. Pnc Investments does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as equities, bonds and options.

    Pnc Investments administers most of the firm's accounts on a discretionary basis. Discretionary management signifies that buy and sell choices are made by an investment advisor without requiring the client's permission. It also oversees 2,504 non-discretionary accounts totaling $1.3 billion in AUM. The firm's average account size is $141,941. An average financial advisor at Pnc Investments administers about 196 client accounts.

    Pnc Investments's central office is located at 300 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2722. It is legally allowed to provide services to investors across 51 U.S. states and territories.

    Assets Under Management

    $21.6 billion

    Number of Advisors

    779

    Disclosures

    No

    Office Location

    300 Fifth Avenue
    Pittsburgh, PA 15222-2722

    Pnc Investments by the Numbers

    Total Assets Under Management

    $21.6 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,218

    National Average: 64
    Total Number of Accounts

    152,386

    National Average: 375,227
    Average Account Size

    $141.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Pnc Investments offers a variety of services, which can consist of portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. It is engaged in selling products or offering services aside from investment advisory services to its clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and insurance company or agency.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees depend on the type of services offered. However, fees billed by the firm typically consist of the following fee type: asset-based. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Pnc Investments works with a number of different investors. Pnc Investments caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 152,386 customers, Pnc Investments's biggest client group is retail investors, although it also manages money for 1,310 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 0.86%
    • Other Individuals - 97.05%
    • Corporations - 1.95%
    • Charitable Organizations - 0.13%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Pnc Investments does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Pnc Investments

    Justin Fornataro
    Pittsburgh, PA
    Matthew Ramer
    Auburn, IN
    Eric Palomo
    Cleveland, OH
    Robert Burns
    Pittsburgh, PA
    Tom Hornak
    Avon, IN
    Daphne Warner
    Dayton, OH
    Dennis Lacey
    Emerson, NJ
    Roger Marvinney
    Bernardsville, NJ
    Abby Smith
    Pittsburgh, PA

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