Clients with more than $200,000 of assets at PNC Wealth Management how have a new option for borrowing and enhanced liquidity: a Securities-Based Lending (SBL) solution that offers access to liquidity while remaining invested in the markets.
The minimum line of credit that can be established is $100,000.
“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,” Alex Overstrom, PNC Retail Banking head, said. “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.”
The PNC Premier Client serves individuals with approximately $100,000 to $3 million in investible assets.
Benefits include a flexible way of borrowing money when unexpected needs arise, knowing immediately how much credit clients qualify for, access to liquidity without having to sell securities or disrupt investment portfolios, and low interest-only repayments.
PNC Bank is a member of The PNC Financial Services Group, one of the largest diversified financial services institutions in the United States.