PNC Wealth Management: AUM & Ownership

Clients

PNC Wealth Management serves 164,105 clients, 157,700 of them other individuals. The average client has about $184,000 with the firm, and high-net-worth clients hold 18% of its $30.3 billion in assets.

Regulatory assets by client type

Individuals157,700 clients79%
High-net-worth individuals3,185 clients18%
OtherPension and profit-sharing plans, Charitable organizations, Corporations and other businesses, Other3%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	157,700	$24,040,971,467	79.4%	$152K
High-net-worth individuals	3,185	$5,361,130,589	17.7%	$1.68M
Pension and profit-sharing plans	2,495	$450,034,571	1.5%	$180K
Charitable organizations	174	$105,468,722	0.3%	$606K
Corporations and other businesses	506	$299,366,002	1.0%	$592K
Other	45	$16,101,311	0.1%	$358K
Total	164,105	$30,273,072,662	100%	$184K

Individuals (other than HNW)

Clients: 157,700
Regulatory AUM: $24,040,971,467
Share: 79.4%
Avg. per client: $152K

High-net-worth individuals

Clients: 3,185
Regulatory AUM: $5,361,130,589
Share: 17.7%
Avg. per client: $1.68M

Pension and profit-sharing plans

Clients: 2,495
Regulatory AUM: $450,034,571
Share: 1.5%
Avg. per client: $180K

Charitable organizations

Clients: 174
Regulatory AUM: $105,468,722
Share: 0.3%
Avg. per client: $606K

Corporations and other businesses

Clients: 506
Regulatory AUM: $299,366,002
Share: 1.0%
Avg. per client: $592K

Other

Clients: 45
Regulatory AUM: $16,101,311
Share: 0.1%
Avg. per client: $358K

Total

Clients: 164,105
Regulatory AUM: $30,273,072,662
Share: 100%
Avg. per client: $184K

What it does

PNC Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets.

PNC Wealth Management advises no private funds.

93.2% of assets ($28.20B across 161,518 accounts) are managed with discretion; $2.07B across 2,585 accounts are not. $30.27B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks6%
Funds89%
Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
Cash3%

Custodians

PNC Wealth Management’s client accounts are held mainly at Fidelity, with 88% of managed assets. PNC Wealth Management has custody of client assets.

Managed account assets by custodian

FidelityNational Financial Services LLC · Boston, MA · $26.53B88%
All other custodians$3.74B12%

Ownership and leadership

PNC Bank, National Association owns 75% or more of PNC Wealth Management.

Who owns the firm

PNC Wealth Management· the adviser

PNC Bank, National Association
Control person · since September 2003
Owns 75% or more of PNC Wealth Management
PNC Bancorp, Inc.
Control person · since September 2003
Owns 75% or more of PNC Wealth Management
- The PNC Financial Services Group, Inc.
  Control person · since September 2003
  Owns 75% or more of PNC Bancorp, Inc.

Leadership

Richard Robert Guerrini
President, CEO, Board of Managers
Regis Resende Ramos
Chief Financial Officer, Principal Financial Officer, FINOP
Margaret Mary Richardson
Chief Operating Officer/Board of Managers
Sean Flynn
Chief Compliance Officer & Board of Managers
John Paul Holodinski
Board of Managers
Jessica Mitchell
Board of Managers
Stephanie Elizabeth Rodgers
Board of Managers & Secretary
Robert Wilson Santillo
Board of Managers
Leigh Chase Thompson
Chief Legal Officer
Kimberly Lynn Weidner
Chief Risk Officer & Board of Managers

Staff

1,713 employees
825 in advisory functions
1,113 state-registered reps
1,709 broker-dealer reps
1,110 insurance agents

Fees

PNC Wealth Management is paid through a percentage of assets under management.

PNC Wealth Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, PNC Wealth Management has 594 offices, with 26 listed addresses across 8 states.

Listed office addresses by state

Pennsylvania · 11 listed addresses

300 Fifth Avenue, 26th Floor, PittsburghHQ
291 Beverly RD, Pittsburgh
Pittsburgh Main PNC Wealth Management, Pittsburgh
1105 Freeport Road, Pittsburgh
10646 Perry Highway, Wexford
901 State Street, Erie
201 Penn Avenue, Scranton
50 McIntyre Square DR, Pittsburgh
200 Seven Fields Boulevard, Seven Fields
4044 William Penn Highway, Monroeville
One PNC, Pittsburgh

Other business names

PNC Wealth Management has reported 1 other business name to the SEC.

PNC Wealth Management

Registration details

Legal name: PNC Wealth Management
Headquarters: 300 Fifth Avenue, 26th Floor, Pittsburgh, PA 15222-2722
Phone: 800-762-6111
Website: Not reported
SEC file: 801-66195
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does PNC Wealth Management have?

PNC Wealth Management has 164,105 clients and manages $30.3 billion for them, as of September 2026. They include 157,700 other individuals, 3,185 high-net-worth individuals and 2,495 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 September 2026

What services does PNC Wealth Management offer?

PNC Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does PNC Wealth Management use?

PNC Wealth Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $26,533,775,810. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 September 2026

How many financial advisors does PNC Wealth Management have?

PNC Wealth Management has 1,113 investment adviser representatives registered with state securities authorities, out of 1,713 employees, and 825 perform investment advisory functions. 1,709 are registered representatives of a broker-dealer and 1,110 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does PNC Wealth Management invest in?

At the end of its last fiscal year, PNC Wealth Management’s separately managed accounts held 89% registered funds (mutual funds, ETFs, BDCs), 6% exchange-traded equities, 3% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns PNC Wealth Management?

PNC Wealth Management is owned through a holding company by the PNC Financial Services Group, Inc. Its direct owners are PNC Bank, National Association (75% or more) and PNC Bancorp, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 14 September 2026

How does PNC Wealth Management get paid?

PNC Wealth Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file