PNC has launched the PNC Wealth Insight tool to allow high-net-worth clients see an aggregated, enhanced view of their assets.
“PNC Wealth Insight is a game changer for wealth management because it is one of the first tools to give a complete, aggregated view of a client’s net worth,” said Robert Q. Reilly, executive vice president and head of PNC Wealth Management. “We believe this innovative solution provides a level of clarity never seen before in the industry and which clients increasingly demand.”
Clients can see a full view of their assets and liabilities on the PNC Wealth Insight dashboard, including account information from other financial companies and property holdings. Clients can also group accounts as they want to see them, and see a snapshot of cash in and cash out each month. They can also create customized views of performance across multiple time frames. In addition, they can see how all of their holdings are allocated across various investment classes, and communicate with other members at a discussion board.
A recent PNC survey found that 74% of wealthy people want greater transparency from financial institutions, and 77% said the availability of more information via technological devices has helped them manage their investments better.
-- This article first appeared on Money Management Executive.