PNC Bank operates under various marketing names to offer a wide array of financial services to diverse clients. These names, such as PNC Private Bank℠, PNC Institutional Asset Management®, and PNC Retirement Solutions®, are all part of The PNC Financial Services Group, Inc. and ultimately operate through PNC Bank, National Association, which is a Member FDIC.
PNC Private Bank℠ and PNC Private Bank Hawthorn® cater to individual clients, providing services like investment consulting, wealth management, fiduciary services, and lending. These services are delivered through PNC Bank, National Association, and specific fiduciary and agency services are offered via its subsidiaries, PNC Delaware Trust Company or PNC Ohio Trust Company.
For institutional clients, PNC Institutional Asset Management® encompasses a range of services, including discretionary and non-discretionary investment management, trustee, custody, and related services, all provided by PNC Bank. Investment management activities may also be conducted by PNC Capital Advisors, LLC, an SEC-registered investment adviser and a wholly-owned subsidiary of PNC Bank. PNC Institutional Advisory Solutions® is another marketing name used for discretionary investment management, trustee, and related services conducted by PNC Bank.
PNC Retirement Solutions® focuses on employer-sponsored retirement plans, offering investment, consulting, trustee, and custody services through PNC Bank.
It is important to note that PNC, including PNC Bank, does not provide legal, tax, or accounting advice unless a written tax services agreement is in place for tax advice specifically. Furthermore, while PNC Capital Advisors will handle investment management and related services for “municipal entities” or “obligated persons” concerning “proceeds of municipal securities,” PNC Bank is not registered as a municipal advisor.
Crucially, it is essential to understand the nature of investments offered by PNC Bank and its related entities:
Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.
This disclaimer highlights that investment products are not protected by FDIC insurance, are not guaranteed by PNC Bank, and carry the risk of potential loss in value. Clients should carefully consider these factors when making investment decisions with PNC Bank and its associated brands.
