PNC Investments
Assets Under Management
$26.5B
Number of Clients
157,536
Number of Advisors
1033
Average Client AUM
$168K
AUM per Advisor
$25.7M
Compensation
Fee-Only (AUM)
About This Firm
The Portfolio Solutions Program is a non-discretionary wrap fee investment advisory program where PNC Wealth Management provides investment recommendations based on your financial situation and objectives. Clients retain full discretion over investment decisions, selecting from five core asset allocation models. The program includes continuous supervision and access to financial advisors.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 2.00% |
| $250K - $500K | 1.75% |
| $500K - $1.0M | 1.50% |
| $1.0M - $2.0M | 1.25% |
| $2.0M - $4.0M | 1.00% |
| $4M+ | 1.00% |
Fees negotiable for accounts over $4,000,000.
Fee Estimator
The Portfolio Solutions Program charges a quarterly fee in advance based on the average daily market value of your account. This 'wrap fee' covers administrative, commission, execution, and management expenses. Cash holdings exceeding 7.5% are excluded from the fee calculation. The standard fee schedule starts at 2.00% on the first $250,000 and decreases in tiers. Fees may be negotiable. There is generally a $250,000 minimum account size, but $275,000 if including variable annuities. IRA accounts under $25,000 may be charged an annual $35 fee.
Areas of Practice
Location
300 Fifth Avenue, 26th Floor, Pittsburgh, PA, 15222-2722