Fnb Wealth Management

CRD#109515
Investment Advisor Firm

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Learn more about Fnb Wealth Management

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

    • Overview

    Fnb Wealth Management is located at One North Shore, Pittsburgh, PA. The firm employs 26 financial advisors to manage client portfolios and provide financial guidance. Fnb Wealth Management is not a registered broker-dealer.

    Fnb Wealth Management oversees $6.3 billion in assets under management across 1,186 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and educational seminars. The firm caters to a diverse range of investors, including retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. The fee structure at Fnb Wealth Management includes asset-based and fixed fees. The firm has 218 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, and pension consultant.

    Fnb Wealth Management is registered in the states of Arizona, California, Florida, Georgia, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, and Texas.

    Assets Under Management

    $6.3 billion

    Number of Advisors

    26

    Disclosures

    No

    Office Location

    One North Shore
    Pittsburgh, PA 15212

    Fnb Wealth Management by the Numbers

    Total Assets Under Management

    $6.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    51

    National Average: 64
    Total Number of Accounts

    1,186

    National Average: 375,227
    Average Account Size

    $5.3 million

    National Average: $23.0 thousand
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    Products and Services

    Fnb Wealth Management provides a variety of services, which can include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and educational seminars. However, Fnb Wealth Management did not provide financial planning services to any of its customers in the prior financial year. The Company is not engaged in selling products or offering services aside from investment advisory services to its investment advisory accounts.

    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.

    • Find a firm that offers this service

      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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

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

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    Fee Structure

    Financial advisory fees usually are based on the type of services offered. Fees billed by Fnb Wealth Management likely include some blend of the following fee structures: asset-based or fixed.

    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.

    • Offered by 32% of firms

      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.

    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 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

    The firm does business with a number of different clients. The company works with retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations, and other. Out of its 9 clients, Fnb Wealth Management's largest client type by number of accounts is other, although it also serves 218 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 37.85%
    • Other Individuals - 31.6%
    • Corporations - 22.22%
    • Charitable Organizations - 8.33%

    * 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

    Fnb Wealth Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Fnb Wealth Management

    Gavin Howe
    State College, PA
    Andrew Cipro
    Pittsburgh, PA
    Philip Bartels
    Pittsburgh, PA
    Dennis Fisher
    State College, PA
    Brian Wildman
    Greensboro, NC
    Collin Crawford
    State College, PA
    Michael Saghy
    Raleigh, NC
    Kristen Ventre
    York, PA
    Jeffrey Schlegel
    Monroeville, PA

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