PNC offers a wide range of services for all their customers, from individuals and small businesses, to corporations and government entities. No matter how simple or complicated your needs, they're sure to have the products, knowledge and resources necessary for financial success.
Their businesses are broken up into the following categories:Retail Banking
They provide deposit, lending, cash, management and investment services to more than 2.9 million consumer and small business customers in Pennsylvania, New Jersey, Maryland, Virginia, Delaware, Ohio, Kentucky, Indiana and the District of Columbia. No matter how you choose to bank with them -- by visiting one of their over 1,000 branches, one of their 3,900 ATM machines, or by visiting their online banking site -- they make it easy to bank with them.
Their wealth management group offers a broad range of tailored investment, trust and private banking products and services to affluent individuals and families, including the ultra-affluent through their Hawthorn unit. Full service brokerage is provided through PNC Investments, LLC. They can also serve as investment manager and trustee for employee benefit plans and charitable and endowment assets for organizations across the country. With approximately $65 billion in assets under management, PNC is one of America's largest wealth managers.
Corporate & Institutional Banking
Their corporate & institutional banking business is a dominant player with middle market companies in their eight-state primary region. In recent years, PNC has built one of the nation's top 10 asset-based lending practices. Their real estate lending group, serves owners, operators, and developers across the United States. Reflecting their success in these segments, PNC is now the number two syndicator of middle market transactions across the country.
Underpinning their success is their outstanding set of credit, treasury management and capital markets products and services, many of which have been scaled to middle market sized entities and all of which are delivered by highly experienced relationship managers. PNC has also significantly expanded their value proposition to middle market-sized companies with the acquisition of Harris Williams, one of the nation's largest mergers and acquisitions advisory firms for that segment.
Global Investment Servicing
With more than $2.6 trillion in total fund assets serviced and 76 million shareholder accounts, Global Investment Servicing is a leading provider of processing, technology and business solutions to the global investment industry. They support an international client base from offices in the U.S. and Europe, offering fund accounting and administration services, transfer agency and shareholder services, global custody and securities lending services, sub accounting services, managed account services, alternative investment services, banking transaction services, marketing and distribution services and advanced output solutions.
The recent acquisitions of Albridge Solutions Inc., a provider of portfolio accounting and enterprise wealth management services, and Coates Analytics Group LP, a provider of usb-based analytics tools, continued the transformation of Global Investment Servicing's business model. In addition to their processing capabilities, Global Investment Servicing is increasingly a provider of information services to the global investment industry.
Asset Management
PNC owns 34 percent of BlackRock, one of the largest publicly traded investment management firms in the country, with more than $1.3 trillion in managed assets. BlackRock works on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, liquidity and alternative investment products. In addition, it provides risk management, investment system outsourcing, and financial advisory services to a growing number of institutional investors.
