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
- Investor profile determination for:
- 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 |
| Capital appreciation with a medium amount of income |
| Tactical Fundamental Growth |
| Pure appreciation with no immediate need for income |
| Tactical Fundamental Value |
| Above average income with appreciation as a secondary goal |
| Tactical Dividend Income |
| Above average/increasing annual income with appreciation as a secondary goal |
| Core Fixed Income |
| 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.
