We extend a warm welcome to our new customers from PNC Managed Investments.

The managed account solutions offered through Lockwood Advisors, Inc., a Pershing Group LLC company (Lockwood), provide access to a comprehensive suite of fee-based advisory solutions. We take a highly consultative approach to help our customers determine the products, program and service offering that best fit their business needs. Customers may choose a pure, open-architecture environment or more packaged, turnkey solutions.

Close collaboration affords us the ability to help them grow their wealth management businesses.

Supporting more than $208 billion in assets under administration (as of April 30, 2010), our open, flexible managed account platform offers established firms—or those looking to enter the managed account space—a full range of services:

1. Flexible and integrated managed investments platform
2. Middle- and back-office outsourcing
3. Investment advisory and overlay services through Lockwood
4. Distribution and business development tools
5. A wide range of custodial and clearing options

Industry-leading technology, a choice of custody partners, the ability to outsource investment advisory services and the commitment and experience of our people helps to free our customers so they can focus on core strengths and grow their business.