PNC Wealth Management Launches Securities-Based Lending For Premier Clients

About the Program

PNC Wealth Management has launched a securities-based lending (SBL) solution for clients enrolled in its Premier Client program. This service allows individuals with $100,000 to $3 million in investible assets to borrow against their investment portfolios instead of selling holdings to raise cash.

The SBL solution is available to Premier Client customers with more than $200,000 in assets at PNC Wealth Management. Key features include:

• A minimum line of credit of $100,000
• Interest-only repayments
• Personalized evaluation of borrowing capacity through a PNC Premier Client banker
• Ability to set up the credit line in advance of any need

PNC Wealth Management is the wealth management arm of PNC Bank, part of The PNC Financial Services Group, one of the largest diversified financial services groups in the U.S., offering retail and business banking, corporate and real estate finance, and asset management.

Purpose and Use Cases

“Whether for a home renovation, critical emergency, luxury purchase, debt consolidation, or an unexpected tax obligation, our securities-based lending solution can serve as a crucial line of credit for clients without disrupting their financial plans,” said Rich Guerrini, president and chief executive of PNC Wealth Management.

Additional Context

The launch follows other recent additions to PNC’s retail and wealth offerings, including a TotalRewards loyalty program and digital account opening for brokerage accounts, as the bank expands services across its client tiers. Clients with greater wealth are served by PNC Private Bank, which offers a separate securities-based line of credit product for high and ultra-high net worth individuals.