PNC ADVISORS SUB-ACCOUNTING PNC Advisors ADVANTAGE · PNC Advisors is a service mark of The PNC...
Transcript of PNC ADVISORS SUB-ACCOUNTING PNC Advisors ADVANTAGE · PNC Advisors is a service mark of The PNC...
www.pncadvisors.com
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PNC ADVISORSINSTITUTIONAL INVESTMENT GROUP
SUB-ACCOUNTING ADVANTAGE
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FI C I E N C Y
R E L I A B I L I T YDo your clients count on your financial expertiseto manage and track their account activity?
I N T E G R I T YDo you need to execute daily transactions and distribute information with a high degreeof confidence?
S P E E DDo you lack the resources to accomplish all ofyour fiduciary responsibilities in a timely fashion?
E F F I C I E N C YDid you know that PNC Advisors offers a cost-effective program to enhance the investment-related services you deliver?
Sub-Account ing Advantage
3.
RISING TO THE CHALLENGE
Your Customized PNC Advisors SolutionPNC Advisors Institutional Investment Group Sub-Accounting
Advantage specializes in providing institutions acting as
fiduciaries in the non-profit arena with a comprehensive
system that can help manage multiple pooled investment
accounts and provide clear, concise, and customized
sub-accounting information cost-effectively. PNC Advisors’
sub-accounting and reporting program is backed by
sophisticated technology and a talented team of professionals
dedicated to understanding the unique characteristics of the
non-profit sector.
Whether you’re overseeing the investment-related
activity of a donor advised fund, endowment, foundation, or
charitable institution, the demands on your staff could run
the spectrum from recordkeeping to asset management to
report generation and distribution. If gaps in any of these
areas pose obstacles for your organization, consider the
benefits of working with a premier financial service provider.
Fiduciaries face significant ethical and legal responsibilitiesthat put a strain on limited time,resources, and expertise.
As a fiduciary, you have an obligation to meet the high standards set by those who haveentrusted their assets to yourcare. With rising expectationsamong investors, the challengefor fiduciaries can be daunting.
Fiduciary R
esponsibility
4.
Establish Your Own Private-Label ProgramSometimes trying to accomplish everything
alone is not in your best interest. By outsourcing
your sub-accounting needs, you maximize the
effectiveness of your in-house staff and avoid
investing in expensive computer technology. With
PNC Advisors Sub-Accounting Advantage on your
team, you can spend more time focusing on your
organization’s core mission. Within weeks, PNC
Advisors can custom-design and private-label your
program. And our ongoing review process will help
make adjustments when circumstances change.
Proactive, Behind-the-Scenes SupportPNC Advisors Sub-Accounting Advantage can help
improve your organization’s investment management
and recordkeeping experience with minimal disruption
and cost. Our approach gives you the flexibility to
customize a program that suits your specific needs.
PNC Advisors can act as your sole investment manager
or as one of several.
The components provided can include:
• Investment Management
• Socially Responsible Investment Screening
• Planned Giving Administration and Investments
• Administration and Accounting
• Daily Cash Transactions
• Reports and Statements
WHAT TO KNOW ABOUT YOUR SUB-ACCOUNTING SERVICE PROVIDER
Here are some questions to discuss with a
PNC Advisors representative:
• What is PNC Advisors’ experience serving the
non-profit sector?
• What technology is already in place to meet my
immediate and future needs?
• How many fund options are available through
PNC Advisors for greater diversification?
• How many records can the PNC Advisors’
sub-accounting system accommodate and can it
integrate seamlessly with my database to help
me reach my goals?
• Is PNC Advisors’ approach flexible enough to
adjust to changing business environments?
• Who will guide me through the transition period
and beyond?
• How will my organization benefit from entering
into a business relationship with PNC Advisors?
Staying CompetitivePNC Advisors understands that some fiduciaries
feel uncomfortable outsourcing recordkeeping to
a third party. Over the past two decades, however,
the investment management landscape has become
more complicated and competitive. The explosive
growth of the financial services industry has
raised expectations among investors, benefactors,
and others with whom you work and to whom
you report. In recent years, a growing number of
fiduciaries have turned to service providers like
PNC Advisors to establish a sub-accounting
business relationship.
Evaluate Your Own SituationIf you are responsible for recordkeeping and reporting
functions with a limited budget and resources, we
encourage you to speak to a PNC Advisors
representative and explore innovative ways to
reach a higher level of success.
5.
Stru
ctured Flexibility
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HISTORY OFACHIEVEMENT
Customization Puts You in ControlPNC Advisors Sub-Accounting Advantage has the financial
tools and expertise on hand to customize a practical
program that helps manage, track, distribute and reconcile
assets and information for your organization based on your
explicit instructions.
Among the available options, you may:
• calculate income on an accrual or cash basis,
• purchase or redeem units systematically or on demand,
• adjust your portfolio’s asset allocation at the
organizational or sub-participant level,
• reinvest income or distribute systematically, on
demand, by check or automated clearing house (ACH)
deposit, and
• create individual spending policies for multiple
accounts, each with unique tracking and
reporting criteria.
Investment ManagementYou can control asset allocation either at the organizational
or sub-participant level, by investing in units of one or more
fund pools that you establish in compliance with applicable
law and with clearly identified investment objectives
measured against specific benchmarks.
PNC Advisors InstitutionalInvestment Group Sub-AccountingAdvantage is supported by theresources and expertise of one of the nation’s oldest providers ofinstitutional investment services.
Since 1993, PNC Advisors’ Sub-Accounting Advantage has provided the non-profit sector with a centralizedapproach for processing, monitoring, and reportingfinancial transactions involving endowments, scholarships,donor advised funds, and othertypes of pooled investments.Through built-in economies ofscale, PNC Advisors is able to offer non-profit organizations an array of affordable and flexible solutions.
Reliable and Accurate TechnologyOur computer operation is housed on a PC-based
platform with direct interface to PNC Advisors’
mainframe system. The primary trust mainframe
system is used to record the custody and investment
of assets, while the PC platform serves as a
miniaturized trust and recordkeeping system. This
platform centralizes donor information, investment
objectives, asset allocations, spending policies,
income and dividends, distribution schedules,
account types, and more. Additionally, our I-Link
Web site offers an accurate online reflection of
your current investment pool and allows you to view
your portfolio information and account transactions
electronically any time, day or night.
Is My Organization Too Big or Small for PNC Advisors Sub-Accounting Advantage? That’s a question we hear frequently. Our average
client has more than 400 records, and we’ve provided
substantial value to non-profit organizations ranging
in size from $5 million up to hundreds of millions in
assets under custody. Thanks to our world-class
technology, there is virtually no limit to the number
of sub-accounts that PNC Advisors Sub-Accounting
Advantage can support.
Simple Transaction Process PNC Advisors Sub-Accounting Advantage works
to make transactions less complicated. We provide
clients with an easy-to-complete uniform transaction
form or we’ll custom-design a process for transmitting
deposit and withdrawal instructions.
Customized Reports and Statements A big part of what distinguishes PNC Advisors from
other financial service providers is our capability
to customize documents to precise guidelines.
PNC Advisors Sub-Accounting Advantage can
produce and distribute detailed reports and
statements that include select data requisitions
by boards of directors, staff members, auditors, or
beneficiaries. Materials may be produced in a variety
of electronic or hard-copy formats, imprinted with a
logo or on client letterhead, and distributed monthly,
quarterly, or annually. Client reports produced by
PNC Advisors are typically delivered within 10
business days of the period’s end date. PNC Advisors
Sub-Accounting Advantage can provide you with
documentation that includes, but is not limited to
the following:
• Donor/Beneficiary Statements
• Withdrawal/Transfer Confirmations
• Market Valuation Reports
• Asset Allocation Models/Variance Reports
• Earnings Reports
• Spending Policy Calculation Report
• Gain/Loss Statements
• Activity Summary/Reconciliation Reports (by fund type)
• Check Registers
8.
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Seam
less Transition
TOTAL SOLUTION SYSTEM
Enhanced Experience You owe it to your organization to explore the cutting-edge
opportunities offered by PNC Advisors Sub-Accounting
Advantage. With little, if any, up-front cost in technology
and human resources, you can tap into our total solution
system. Best of all, you’ll have the expertise and resources
of PNC Advisors working for you.
To learn more about the benefits of establishing a relationship
with PNC Advisors Sub-Accounting Advantage, speak with
a PNC Advisors representative today. You’ll be assigned a
dedicated Advisor who will set up an appointment, answer
your questions, and initiate an organizational analysis.
Take advantage of a great opportunity during the
transition period: PNC Advisors can help you consolidate
and reorganize out-of-date files and reconcile assets.
A PNC Advisors representative will work closely with you to identify your business objectivesand customize a PNC AdvisorsSub-Accounting Advantage program that suits your organization’s unique situation.
For starters PNC Advisors InstitutionalInvestment Group will:
• analyze your current operating procedures and suggest enhancementswhere appropriate,
• assist in classifying each account within an applicable category, such asendowment, donor advised fund,restricted fund, or unrestricted fund, and
• establish a schedule of events thataddresses your concerns and needs.
Typically, a customized program can be up and running within four to six weeks,depending on the number of records, datatransfer process (manual or electronic),and integrity of files being moved to PNC Advisors. Once established, your program will include automatic reviewsfor quality control.
ONE EXPERIENCED TEAM.ONE COMPREHENSIVE SOLUTION.
ONE EXPERIENCED TEAM.ONE COMPREHENSIVE SOLUTION.
CASE STUDYTHE CLIENT
Religious-affiliated foundation with over 300
accounts and $25 million under custody.
THE THINKINGBy consolidating several investment-related
activities under one umbrella, PNC Advisors
Institutional Investment Group’s Sub-Accounting
Advantage could automate the foundation’s
reporting, administrative and recordkeeping sys-
tems, and streamline the flow of information with
little disruption or cost. As one of the foundation’s
investment managers, PNC Advisors could expand
the universe of investment alternatives through its
diverse menu of proprietary and third-party funds.
THE RESULTSAfter implementing PNC Advisors Sub-Accounting
Advantage, the foundation was able to provide
fast, accurate, and customized information to
its board of directors, investment committee,
donors, and auditor. With guidance from PNC
Advisors, the foundation’s executive director
refocused the energies of in-house staff and
dramatically improved the foundation’s overall
workflow. Within six months of choosing PNC
Advisors, the foundation itself was selected by
a major institution to manage a separate
$10 million portfolio.
PNC Advisors does not practice law, give tax or accountingadvice or guarantee the results of any investment strategy orinvestment program. This case study is for illustrative purposesonly. All identities, titles, company names, and financial detailshave been changed to protect client confidentiality.
THE CHALLENGE• Working with multiple fund managers
made information gathering and distribution
cumbersome and prone to error.
• Fixed income investments were under-
performing industry benchmarks.
10.
Work with a Premier Service Provider PNC Advisors Institutional Investment Group Sub-Accounting Advantage can help you better serve your
organization’s recordkeeping and reporting needs. For more details at no obligation, please call today.
PNC ADVISORS
INSTITUTIONAL INVESTMENT GROUP
SUB-ACCOUNTING ADVANTAGE1-888-762-6226
www.pncadvisors.com
www.pncadvisors.com
1-888-762-6226
Important information:PNC Advisors is a service mark of The PNC Financial Services Group, Inc.("PNC") which is used in the provision of investment management, fiduciary and certain banking services by PNC Bank, N.A. and PNC Bank,Delaware. Members FDIC. Securities products and brokerage services are offered through J.J.B. Hilliard, W.L. Lyons, Inc., PNC Investments, a division of J.J.B. Hilliard, W.L. Lyons, Inc., and PNC Capital Markets, Inc.registered broker-dealers, members NASD and SIPC. J.J. B. Hilliard, W.L.Lyons, Inc. is also a member of the NYSE. Insurance products are offeredby PNC Insurance Services, Inc. and J.J.B. Hilliard, W.L. Lyons, Inc.,licensed insurance agencies. PNC Advisors does not provide legal, tax oraccounting advice.Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.
©2002 The PNC Financial Services Group, Inc. Form# 122067