PNC ADVISORS SUB-ACCOUNTING PNC Advisors ADVANTAGE · PNC Advisors is a service mark of The PNC...

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www.pncadvisors.com SOLUTIONS PNC Advisors PNC ADVISORS INSTITUTIONAL INVESTMENT GROUP SUB-ACCOUNTING ADVANTAGE

Transcript of PNC ADVISORS SUB-ACCOUNTING PNC Advisors ADVANTAGE · PNC Advisors is a service mark of The PNC...

Page 1: PNC ADVISORS SUB-ACCOUNTING PNC Advisors ADVANTAGE · PNC Advisors is a service mark of The PNC Financial Services Group, Inc. ("PNC") which is used in the provision of investment

www.pncadvisors.com

SOLU

TIO

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PNC

Adv

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PNC ADVISORSINSTITUTIONAL INVESTMENT GROUP

SUB-ACCOUNTING ADVANTAGE

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RE

LI A

B I LI T Y I N T E G

RI T

Y

S PE

ED

EF

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

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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

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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

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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.

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Stru

ctured Flexibility

7.

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.

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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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9.

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.

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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.

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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

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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