PITTSBURGH, Pa. – PNC Wealth Management unveiled a new securities-based lending solution to provide enhanced liquidity and borrowing options for customers of PNC’s Premier Client program. 

For clients with more than $200,000 of assets at PNC Wealth Management, the SBL can be a quick and efficient way for them to access liquidity while remaining invested in the markets, a news release states. The minimum line of credit that can be established is $100,000. 

“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 CEO of PNC Wealth Management. 

By working with a PNC Premier Client banker, clients can – in a matter of minutes – receive a personalized securities-based lending evaluation, helping them understand the size of a potential credit line backed by their pledged portfolio. Additionally, the securities-based line of credit can be established and set in place at any time, providing clients with an available, ready line of credit for when a need arises. 

The SBL solution is part of a larger suite of solutions that PNC Bank and PNC Wealth Management have rolled out recently to better serve the needs of its clients. Other programs and products include PNC’s loyalty program, TotalRewards, digital account opening services for brokerage accounts and its flagship client experience for those with at least $100,000 in investable assets, PNC Premier Client. 

“A growing number of clients are building meaningful wealth while also making important, time-sensitive life decisions, and they need a bank that not only keeps pace but proactively guides them to where they want to be on their financial journey,” said Alex Overstrom, head of PNC retail banking. “A securities-based line of credit reflects the kind of practical, relationship-driven innovation we are bringing to PNC Premier Clients – giving them another way to access capital when needed, while ensuring today’s priorities don’t derail tomorrow’s goals.” 

More information is available HERE.