PNC Capital Advisors, LLC has provided institutional asset management services for more than two decades. The firm has more than 6,800 accounts and $35 billion in assets under management (as of 3/31/13). Our six investment teams comprise 56 investment professionals averaging 17 years of industry experience. With offices in Baltimore, Chicago, Cleveland, Philadelphia, and St. Louis, we service clients in more than 30 markets primarily in the Midwest, Mid-Atlantic, and Southeast, but also stretching from Florida to Alaska. As an indirect subsidiary of The PNC Financial Services Group, the firm is backed by one of the major banking/financial services organizations in the nation.
PNC Capital Advisors promotes and fosters a strong culture of risk management at every level within the firm:
- Investment – Economic and market exposures
- Operational – People and processes
- Legal/Regulatory – Partners with Compliance, Legal and Audit teams
Under the direction of Mark McGlone, managing director and chief risk officer, the goal of the risk management team is to provide a consistent and unbiased framework for analyzing and balancing risk in our clients’ portfolios. In doing so, we work with the portfolio management teams to monitor and review the risk profile of their respective investment strategies.
In addition to investment performance, we believe risk management is a critically important component for our investment portfolios. Performance must be balanced with the appropriate risk controls. Our portfolio managers adhere to a consistent, disciplined investment style coupled with a specific risk management process to optimize performance for our clients. Within each investment mandate, each portfolio team is responsible for its own investment process, strategy, and tailored risk controls. The risk management group works to ensure that mandate-specific and firm-wide aggregate risk exposures are appropriate.
While the risk management team operates independently of the portfolio management teams, interaction between the teams is an ongoing process. Risk management and representatives from each investment management team meet frequently on both a formal and informal basis to discuss consistency within mandates, current economic and capital market themes, interest rate and yield spread movements, and sector allocations. Risk management team members are embedded on all firm investment and operational governance committees.
We view risk management as an integral and continual process that offers benefits and insights for our firm and our clients.
PNC Capital Advisors has created an organizational environment in which individuals are committed to and passionate about delivering competitive performance and unmatched service. We strive to attract, retain, and motive the best talent through a culture of empowerment, teamwork, and performance-based reward. Our people are dedicated to ensuring that decisions always are aligned with the interests of our clients. They have entrusted us with enormous responsibility, and we are committed to delivering what we promise.
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