Pnc Managed Account Solutions, Inc

CRD#110476
Investment Advisor Firm

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Overview

Pnc Managed Account Solutions, Inc operates as a financial advisor company located in Houston, Texas. Pnc Managed Account Solutions, Inc handles $756.6 million in total assets over 1,109 client accounts, placing it among the bigger financial advisory firms in the nation by assets under management (AUM). Pnc Managed Account Solutions, Inc has a small team, including 29 financial advisors. Pnc Managed Account Solutions, Inc does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like stocks, bonds and options.

Pnc Managed Account Solutions, Inc manages all of its accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments for the client's account without needing the client's permission. The investment advisory firm's average account size is $682,265. An average financial advisor at Pnc Managed Account Solutions, Inc administers about 38 client accounts, making it about average in terms of personalization.

Pnc Managed Account Solutions, Inc’s headquarters is at 2200 Post Oak Blvd., Houston, Texas 77056-4700. It is legally registered to provide services to investors across 15 U.S. states and territories.

Assets Under Management

$756.6 million

Number of Advisors

29

Disclosures

No

Office Location

2200 Post Oak Blvd.
Houston, TX 77056-4700

Pnc Managed Account Solutions, Inc by the Numbers

Total Assets Under Management

$756.6 million

National Average: $9.0 billion
Total Number of Employees

29

National Average: 71,771
Total Number of Accounts

1,109

National Average: 4,329
Average Account Size

$682.3 thousand

National Average: $2.1 million

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Products and Services

Pnc Managed Account Solutions, Inc provides multiple services, including portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. Pnc Managed Account Solutions, Inc does not sell products or offer services aside from investment advice to its investment advisory accounts. The firm is affiliated with one or more other companies in the financial services industry, 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 47% 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 21% 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 advisory fees vary depending on which services are offered. However, fee types charged by the company typically consist of the following fee structures: asset-based. Pnc Managed Account Solutions, Inc participates in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 70% 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 33% 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

The firm provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 1,109 customers, Pnc Managed Account Solutions, Inc's biggest client is high net worth investors, although it also manages money for 917 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 counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 100% of the company's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 82.69%
  • Other Individuals - 10.55%
  • Corporations - 6.67%
  • Charitable Organizations - 0.09%

* 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 Managed Account Solutions, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Pnc Managed Account Solutions, Inc

Diana Mirabal
Houston, TX
Juan Bolanos
Houston, TX
Erik Jackson
Brownsville, TX
Maria Hernandez
Houston, TX
Jake Spruiell
Laredo, TX
Roberto Escobar
Mcallen, TX

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com. The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm, and financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.