The new line of credit targets clients with more than $200,000 in assets, starts at $100,000, and is designed to provide liquidity without requiring securities sales.
PNC Wealth Management has introduced a new Securities-Based Lending solution for customers in PNC's Premier Client℠ program, expanding borrowing options for clients who want access to capital without changing their investment strategy. The offering is available to clients with more than $200,000 of assets at PNC Wealth Management, and the minimum line of credit is $100,000. The firm said the product is intended to let clients borrow against a pledged investment portfolio while remaining invested in the markets. PNC said the product is aimed at uses such as home renovation, emergencies, luxury purchases, debt consolidation and tax obligations. It highlighted flexibility, quick setup, no-cost establishment, immediate visibility into eligible borrowing capacity, continued market exposure and interest-only repayments as key features. Clients working with a PNC Premier Client banker can receive a personalized evaluation in minutes and can establish the line in advance so it is available when needed. The launch is part of a broader rollout of client offerings from PNC Bank and PNC Wealth Management, including TotalRewards, digital account opening for brokerage accounts and the PNC Premier Client experience. PNC said Premier Client serves individuals with approximately $100,000 to $3 million in investible assets, while high- and ultra-high-net worth clients are served by PNC Private Bank, which offers a similar but distinct securities-based line of credit product.