PNC Bank, a prominent financial institution, serves a diverse clientele in Pittsburgh, PA, and across the nation. Operating under The PNC Financial Services Group, Inc. (PNC), PNC Bank delivers a wide array of financial solutions tailored to meet individual and institutional needs. It’s important to understand the different facets of PNC’s services available in locations like Pittsburgh.
PNC employs various marketing names to delineate its specialized services. For individuals seeking wealth management and investment consulting, PNC Private Bank℠ and PNC Private Bank Hawthorn® offer expertise. These divisions provide fiduciary services, FDIC-insured banking products, and lending solutions through PNC Bank, National Association (Member FDIC). Specifically within Pittsburgh, clients can access these personalized wealth management services to navigate their financial goals.
For institutional clients in Pittsburgh and beyond, PNC Institutional Asset Management® encompasses discretionary and non-discretionary investment, trustee, custody, and related services. These are delivered by PNC Bank and investment management activities are handled by PNC Capital Advisors, LLC, an SEC-registered investment advisor. PNC Institutional Advisory Solutions® further provides discretionary investment management and trustee services conducted by PNC Bank. Retirement planning for employers in the Pittsburgh area is supported by PNC Retirement Solutions®, offering investment, consulting, trustee, and custody services for employer-sponsored retirement plans, again provided by PNC Bank.
Crucially, it’s essential to note that while PNC Bank provides FDIC-insured banking products, investments are not FDIC insured, carry no bank guarantee, and may lose value. This distinction is vital for clients in Pittsburgh and everywhere else to understand when making financial decisions with PNC.
Furthermore, PNC clarifies that it does not offer legal, tax, or accounting advice unless a written tax services agreement is in place with PNC Bank for tax advice. PNC Bank is also not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act. For “municipal entities” or “obligated persons” concerning “proceeds of municipal securities,” investment management and related services are provided by PNC Capital Advisors.
Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.
