PITTSBURGH, Nov. 12, 2019 /PRNewswire/ -- Hawthorn, PNC
Family Wealth®, announced today the launch of the
Hawthorn Institute for Family Success – a new suite of specialized
services available to its clients to help them and their families
thrive and successfully transfer wealth across generations.
Alexandre Monnier has been appointed
to lead the implementation of this offering as Hawthorn's managing
director of Wealth Sustainability.
"Lack of communication and trust, or insufficient preparation of
the next generation often result in failed transfer of wealth from
generation to generation. Hawthorn has created the Institute for
Family Success because we recognize that it's critical to prepare
both the wealth for the family and the family for the wealth," said
Nicole Perkins, head of Hawthorn.
"The Institute is designed to address key family success factors,
which families and their advisors may overlook. Our ultimate goal
is to help our clients and their families successfully navigate the
complexities of multi-generational wealth in a holistic
manner."
Developed from our observations of the traits and behaviors of
families of wealth who succeed, the Hawthorn Institute for Family
Success will offer five core services tailored to meeting these
needs:
- Assessments to evaluate the current family well-being and
identify opportunities for improvement
- Intimate gatherings ("salons") of like-minded clients to
discuss issues associated with family wealth and learn from each
other
- Legacy preservation to help capture a family's history and
share it with future generations
- Family retreats or workshops to learn and work together to
better manage family success factors
- Family coaching to help identify and address challenges
Taking the lead in the implementation and continued development
of the Institute, Monnier will play a key role in developing
business growth strategies and delivering a compelling client
experience. He joins PNC from Family Office Exchange (FOX), the
Chicago-based premier global
network for ultra-high net worth families and advisors. During his
seven-year tenure as president, he expanded FOX's advice, education
and networking offerings, serving a global network of more than 500
members.
"We expect that the services offered through the Institute will
differentiate Hawthorn in the industry," said Perkins. "But we're
even more fortunate to have Alexandre leading the charge. His deep
ties in our client community and extensive expertise in this market
allow us to provide our clients with an integrated approach that we
are thrilled to be able to offer."
These new capabilities holistically represent an expansion of
Hawthorn's for-fee service offerings, and will be available later
this year.
The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the
largest diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking; residential mortgage
banking; specialized services for corporations and government
entities, including corporate banking, real estate finance and
asset-based lending; wealth management and asset management. For
information about PNC, visit www.pnc.com.
The PNC Financial Services Group, Inc. ("PNC") uses the
marketing name Hawthorn, PNC Family Wealth® ("Hawthorn")
to provide investment consulting and wealth management,
fiduciary services, FDIC-insured banking products and services, and
lending of funds through its subsidiary, PNC Bank, National
Association ("PNC Bank"), which is a Member FDIC, and to
provide specific fiduciary and agency services through its
subsidiary, PNC Delaware Trust Company or PNC Ohio Trust
Company. PNC does not provide legal, tax, or accounting
advice unless, with respect to tax advice, PNC Bank has entered
into a written tax services agreement. PNC does not provide
services in any jurisdiction in which it is not authorized to
conduct business. PNC Bank is not registered as a municipal advisor
under the Dodd-Frank Wall Street Reform and Consumer Protection Act
("Act"). Investment management and related products and services
provided to a "municipal entity" or "obligated person" regarding
"proceeds of municipal securities" (as such terms are defined in
the Act) will be provided by PNC Capital Advisors, LLC, a
wholly-owned subsidiary of PNC Bank and SEC registered investment
adviser.
"Hawthorn, PNC Family Wealth" is a registered service mark of
The PNC Financial Services Group, Inc.
Investments: Not FDIC Insured. No Bank Guarantee. May Lose
Value.
CONTACT:
Britney
Sage
(412) 762-8775
media.relations@pnc.com
View original
content:http://www.prnewswire.com/news-releases/hawthorn-pnc-family-wealth-launches-institute-for-family-success-300956490.html
SOURCE PNC Financial Services Group, Inc.