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F.N.B. Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

F.N.B. Wealth Management, sometimes known as F.N.B. Investment Advisors, Inc., is a fee-based financial advisor based out of Pittsburgh, Pennsylvania. It is the wealth management arm of First National Bank of Pennsylvania (FNBPA), a company with 400 bank branches across Pennsylvania, Maryland, Ohio, North Carolina, South Carolina and West Virginia.

F.N.B. Wealth Management Background

F.N.B. Wealth Management is owned by First National Bank of Pennsylvania (FNBPA), which was established back in 1864. F.N.B. Wealth Management was founded as a branch of FNBPA in 1999. Prior to the creation of this firm, the investment division of First National Trust Company handled all of FNBPA’s client services.

Technically speaking, F.N.B. Wealth Management encompasses the services of three of FNBPA’s branches: First National Trust Company, F.N.B. Investment Services and F.N.B. Investment Advisors, Inc. F.N.B. Investment Services is also known as Cetera Investment Services, LLC, a separate investment advisory firm.

F.N.B. Wealth Management Client Types and Minimum Account Sizes

Individuals, high-net-worth individuals, corporations, pension and profit-sharing plans, charitable organizations, insurance companies, financial institutions, state/municipal government entities and clients of First National Trust Company round out F.N.B. Wealth Management’s typical client base.

F.N.B. Wealth Management generally requires a minimum of $1 million in investable assets to become a client. Acceptions may be made, though, if the account is part of a larger relationship or the firm determines there is future potential for the relationship.

Services Offered by F.N.B. Wealth Management

There’s no shortage of investment advisory and financial planning services at F.N.B. Wealth Management. Here’s a detailed layout of what the firm can offer:

  • Financial security planning
  • Retirement planning
  • Advice for alternative investments
  • Tax planning
  • Estate planning
  • Employee benefit analysis
  • Cash management
  • Debt management
  • College fund planning
  • Investment advisory
    • Investor profile determination for:
      • Risk tolerance
      • Investment goals
    • Analysis of your current and future financial position
    • Multiple prebuilt investment strategies
  • Sudden wealth or inheritance planning
  • Banking services
  • Trust and fiduciary services
  • High-net-worth services for business executives
  • Insurance planning
  • Asset protection
  • Professional money management
  • Philanthropic gift planning
  • Real estate advisory
  • Endowment advisory

F.N.B. Wealth Management Investment Philosophy

Each client at F.N.B. Wealth Management is assigned to one of the firm’s five investment portfolio models. Although the strategies associated with these models are fairly set in stone, your advisor will customize them a bit to fit your personal needs. Check them out below:

F.N.B. Wealth Management Portfolio Models
Model Name Types of Investments Designed For
Tactical Fundamental Core
  • Moderately aggressive mix of large-cap stocks
  • Diversified satellite asset classes
Capital appreciation with a medium amount of income
Tactical Fundamental Growth
  • Aggressive mix of large-cap growth stocks
  • Diversified satellite asset classes
Pure appreciation with no immediate need for income
Tactical Fundamental Value
  • Conservative mix of large-cap, dividend stocks
  • Diversified satellite asset classes with a value bias
Above average income with appreciation as a secondary goal
Tactical Dividend Income
  • Conservative mix of large-cap, dividend stocks
  • Diversified satellite asset classes with a value bias
Above average/increasing annual income with appreciation as a secondary goal
Core Fixed Income
  • Government, agency and investment-grade corporate bonds
  • Mutual funds
Institutional investors whose objective is lower risk with modest annualized return

Fees Under F.N.B. Wealth Management

F.N.B. Wealth Management charges an asset-based annual fee for its investment advisory services. Clients pay these fees monthly, in arrears, based on the prior month’s daily average market value of their assets and investments. There are two fee schedules based on the type of account:

Fees for Investment Advisory Accounts
Assets Under Management Annual Fee
First $2MM 1.00%
Next $2MM 0.90%
Next $2MM 0.70%
Above $6MM 0.50%

 

Fees for Fixed-Income and Federated Investment Counseling Accounts
Assets Under Management Annual Fee
First $2MM 0.70%
Next $2MM 0.60%
Next $2MM 0.45%
Next $6MM 0.35%
Above $12MM 0.25%

 

What to Watch Out For

Under the appropriate set of circumstances, F.N.B. Wealth Management may recommend that you complete a rollover of your 401(k) into an individual retirement account (IRA) at the firm. This poses a potential conflict of interest, as any such rollover will inherently earn the firm advisory fees based on the amount in assets you roll over. Not only are you under no obligation to accept this recommendation, but F.N.B. Wealth also abides by fiduciary duty. This means the firm is legally obligated to act in your best interest, no matter what.

F.N.B. Wealth Management has no disclosures listed on its Form ADV, giving it a clean legal and regulatory record.

Opening an Account With F.N.B. Wealth Management

The simplest way to find out more about F.N.B. Wealth Management is to call the firm’s trust and retirement advisors at (888) 824-5833. If you’re ready to become a client, feel free to stop by one of F.N.B. Wealth’s branches listed below.

How to Start Investing

  • There’s no easier route to becoming an investor than opening an account with an online brokerage firm. These companies often allow you to invest in a wide range of investment types, including stocks, ETFs, bonds, mutual funds, cryptocurrencies and more. Online brokerage accounts are perfect for DIY investors.
  • Financial advisors typically have ample investing experience under their belt, making them great partners for alls types of investors. Many firms even offer client investment discretion, meaning you’ll have a say in the types of investment used in your portfolio. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.