Pnc Investments LLC (Pittsburgh)

Name: Pnc Investments LLC
Address: 300 Fifth Avenue, Pittsburgh, PA, 15222 2722
Telephone: 800-762-6111

Pnc Investments LLC is a large advisory firm based in Pittsburgh. It manages $14.6 billion of regulatory assets for 105,928 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 45 other states.

Pnc Investments provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pnc Investments: assets under management

The assets under management (AUM) of Pnc Investments LLC is $14.6 billion. The firm's AUM has grown by 1999% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.4 billion in discretionary accounts and $1.2 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $368.24 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pnc Investments LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pnc Investments serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pnc Investments is individuals with 103,092 clients and $13.24 billion of assets under management. Among the 8 most similar advisory firms, Pnc Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $14.59 billion for 105,888 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pnc Investments doesn't advise any private funds.

Careers at Pnc Investments LLC

The company employs 1,294 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 924 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
National Association Pnc Bank	Parent	1 Sep 2003	75% - 100%	25-1197336
Michael Scott Mortensen	President, ceo, srop, mp	1 Sep 2003	Other	1905271
Gerard Benedict Church	Cfo & finop	1 Sep 2003	Other	2367974
James Jay Rabenstine	Cco & crop	1 Sep 2003	Other	2025566
Norma Jean Hajduk	Senior v.p.	1 Sep 2003	Other	2003314
Charlene Faith Wilson	Cfo & finop	1 Feb 2004	Other	1935747
Mark David Didiano	Cfo and finop	1 Mar 2004	Other	4644133
Neil F Hall	Board of managers	1 Jun 2004	Other	2468944
Matthew Stephen Hardin	Secretary	1 Jun 2004	Other	2366634
John C. Rogers	Board of managers	1 Jun 2004	Other	xxx-xx-xxxx
Charlene Faith Wilson	Cfo and finop	1 Dec 2005	Other	1935747
Jeffrey Stephen Holik	General counsel	1 Jul 2006	Other	5202757
Gerald Paul Dimarco	Chief compliance officer/crop	1 Sep 2006	Other	2899722
Peter John Stangert	Chief compliance officer & crop	1 Jan 2007	Other	2184136
Mitchell Steven Avnet	Chief compliance officer and crop	1 Mar 2007	Other	2267190
Pamela Lynn Kwiatkoski	Chief operating officer	1 Aug 2007	Other	1483011
Jeffrey Drew Suhanic	Chief compliance officer	1 Nov 2009	Other	2124910
Norma Jean Hajduk	Executive v.p., board of managers	1 Nov 2009	Other	2003314
Charlene Faith Wilson	Chief financial officer and finop	1 Nov 2009	Other	1935747
Mitchell Steven Avnet	Compliance chairman	1 Nov 2009	Other	2267190
David Joseph Schafer	Director of operations	1 Nov 2009	Other	1368781
Jonathan Howard Randall	Pnci chief operating officer	1 Nov 2010	Other	1636146
Richard Robert Guerrini	Pnci territory executive, board member	1 Nov 2010	Other	1990015
Frank Anthony Iii Consalo	Pnci territory executive, board member	1 Nov 2010	Other	1462726
Jeffrey Stephen Holik	Chief legal officer	1 Jun 2012	Other	5202757
Bernard Joseph Jr. Peck	Secretary	1 Jun 2012	Other	6104678
Margaret Mary Richardson	Chief operations officer/board of managers	1 Jun 2012	Other	6002933
Carl James Lisman	Board of managers	1 Jun 2012	Other	6104156
Carl Lisman Lisman	Board of managers	1 Jun 2012	Other	xxx-xx-xxxx
Bernard Peck	Board of managers	1 Jun 2012	Other	6104678
Alistair Jessiman	Board of managers	1 Jun 2012	Other	3058026
Betty Ann Moon	Board of managers	1 Jun 2012	Other	1791562
Richard Robert Guerrini	President, ceo, board of managers	1 Aug 2012	Other	1990015
Todd Martin Barnhart	Board of managers	1 Jan 2013	Other	xxx-xx-xxxx
Todd M. Barnhart	Board of managers	1 Jan 2013	Other	xxx-xx-xxxx
Tammy Eckstrom	Finop	1 Sep 2013	Other	4606154
Richard John Ramassini	Board of managers	1 Nov 2013	Other	4038199
Robert Wilson Santillo	Board of managers	1 Nov 2013	Other	5379581
Daria Marie Placitella	Board of manager	1 Jul 2014	Other	4637518
Philip Graham O'brien	Chief financial officer - finop	1 Sep 2014	Other	5757621
Philip O'brien	Chief financial officer - finop	1 Sep 2014	Other	5757621
Leigh Chase Thompson	Chief legal officer	1 Jun 2015	Other	6534162
Jessica Mitchell	Board of managers	1 Jan 2016	Other	6624246
Eesh Bansal	Board of managers	1 Jan 2016	Other	5988088
John Paul Holodinski	Board of managers	1 Jan 2016	Other	2494707
Faith El Glass	Chief financial officer	1 Dec 2016	Other	6234740

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Pnc Bancorp	Parent	1 Sep 2003	75% - 100%	51-0326854
Inc. The Pnc Financial Services Group	Parent	1 Sep 2003	75% - 100%	25-1435979

Based in Pittsburgh

The principal office where Pnc Investments LLC performs its advisory services is located at 300 Fifth Avenue, Pittsburgh, PA 15222 2722, which is also the mailing address of the firm. An additional office of the firm is in Indianapolis, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-762-6111 or by fax 412-803-2980. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pnc.com.