Two Hopkins Plaza
Baltimore, MD 21201
Google Maps
Contact
Main Phone: 800-622-3863
Web Site:
http://www.pncmutualfunds.com
Mutual Fund Brand(s)
PNC Funds
Research Links
SEC Fund Filings by CIK
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Background:
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On May 7, 2019, PNC agreed to sell PNC Capital Advisors' mutual fund business, and some related separate accounts, to nearby Federated Investors. The $52-million deal is expected to closed in Q4 2019. PNC Capital Advisors will retain its institutional asset management and OCIO businesses.
PNC Capital Advisors, LLC is based in Baltimore, Maryland, though the parent bank is based in Pittsburgh, Pennsylvania. The firm launched its first mutual fund, the Government Money Market Fund, in March 1987. Today, PNC's family of more than 30 funds includes domestic and international equity, taxable and tax-exempt fixed income, and money market portfolios.
In late 2008, PNC's parent company PNC Financial inked a deal to acquire Cleveland-based National City Bank for $2.5 billion, using funds from the U.S. Treasury. Nine months later, in September 2009, National City Bank subsidiary Allegiant Asset Management merged with PNC Capital Advisors to create the new entity PNC Capital Advisors LLC. Allegiant president John Abunassar left the company when the plan was announced.
The merger of the PNC and Allegiant fund families became complete in February 2010.
Kevin McCreadie, PNC Capital Advisors' CEO since 2004, retained his post in the combined organization.
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Sponsored Opportunities
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Key People:
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Mark Redman
President and Director, PNC Capital Advisors | Linda Carley
Chief Compliance Officer , | James Pike
Financial Operations Principal, | Kevin McCreadie
President, Chief Investment Officer , | Edward Veilleux
Chief Compliance Officer , PNC (Victory Funds) |
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