# PNC Wealth Management

> PNC Wealth Management is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 2003, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 14, 2026.

- CRD: 129052
- Filed as: PNC WEALTH MANAGEMENT
- Also doing business as: PNC WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: September 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/129052
- AdvisorCensus page: https://advisorcensus.com/firm/pnc-wealth-management-pittsburgh-pa-129052

## Quick answers

**How is PNC Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), PNC Wealth Management reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is PNC Wealth Management located?**
PNC Wealth Management's principal office is in Pittsburgh, PA, according to its Form ADV; the October 2026 filing also lists 20 other offices (Schedule D, Section 1.F).

**Is PNC Wealth Management registered with the SEC or a state?**
PNC Wealth Management is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 129052.

**How much does PNC Wealth Management manage?**
PNC Wealth Management reports $30,273,072,662 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (93% discretionary).

**How have PNC Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for PNC Wealth Management: Regulatory assets under management: $21,657,293,847 in the October 2021 data and $30,273,072,662 in the October 2026 data, up 40%. Total employees: 1,279 in October 2021 and 1,713 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does PNC Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (157,700); high net worth individuals (3,185); pension and profit sharing plans (but not the plan participants or government pension plans) (2,495).

**Which custodians does PNC Wealth Management use?**
PNC Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does PNC Wealth Management report any disciplinary disclosures?**
Reports 9 disclosure items on Form ADV Item 11: yes answers to 9 questions about regulatory matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/129052

**What changed in PNC Wealth Management's recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $30,273,072,662
- Discretionary: $28,204,261,140
- Non-discretionary: $2,068,811,522

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 157,700 | $24,040,971,467 |
| High net worth individuals | 3,185 | $5,361,130,589 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2,495 | $450,034,571 |
| Charitable organizations | 174 | $105,468,722 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 506 | $299,366,002 |
| Other | 45 | $16,101,311 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2003 (23 years)
- Employees: 1,713 total, 825 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 9 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/129052

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Austin, TX
- Brick Township, NJ
- Bridgewater, NJ
- Carmel, IN
- Charlotte Hall, MD
- Charlotte, NC
- Cherry Hill, NJ
- Cincinnati, OH
- Cleveland, OH
- Erie, PA
- Frederick, MD
- Monroeville, PA
- N. Olmsted, OH
- Pepper Pike, OH
- Pittsburgh, PA
- Scranton, PA
- Seven Fields, PA
- Toledo, OH
- Troy, MI
- Wexford, PA

### Websites listed on Form ADV (Item 1.I)
- pnc.com
- LinkedIn @pnc-bank
- LinkedIn @pncwealthmanagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $21,657,293,847 | 1,279 | September 17, 2021 |
| October 2022 | $26,424,820,270 | 1,516 | August 29, 2022 |
| October 2023 | $21,629,770,547 | 1,218 | June 22, 2023 |
| October 2024 | $23,895,732,856 | 1,475 | September 25, 2024 |
| October 2025 | $26,533,775,810 | 1,585 | July 16, 2025 |
| October 2026 | $30,273,072,662 | 1,713 | September 14, 2026 |

Regulatory assets under management: $21,657,293,847 in the October 2021 data and $30,273,072,662 in the October 2026 data, up 40%.
Total employees: 1,279 in October 2021 and 1,713 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 818 to 825.
- Regulatory assets under management went from $26,533,775,810 to $30,273,072,662 (+14%).
- Changed its office addresses in Erie, PA.
- Changed its office addresses in Pittsburgh, PA.
- Added an office in Brick Township, NJ.
- Added an office in Bridgewater, NJ.
- Added an office in Charlotte Hall, MD.
- Added an office in N. Olmsted, OH.
- Added an office in Toledo, OH.
- Added an office in Wexford, PA.
- No longer lists an office in Bethlehem, PA.
- No longer lists an office in Cleveland, OH.
- No longer lists an office in Hamilton, NJ.
- No longer lists an office in Philadelphia, PA.
- No longer lists an office in Saginaw, MI.
- No longer lists an office in Wilmington, DE.

### December 2025
- Changed its legal name from PNC Investments LLC to PNC Wealth Management.

### November 2025
- No longer lists the business name PNC Investments.
- Added the business name PNC Wealth Management.
- Changed its office addresses in Cleveland, OH.
- Changed its office addresses in Pittsburgh, PA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. PNC Wealth Management (CRD 129052): Form ADV filing data as of October 2026.