Pnc Steel City Advisors, LLC (Chicago)


Pnc Steel City Advisors, LLC is a large advisory firm based in Chicago. It manages $395.84 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of District of Columbia, Florida, and Pennsylvania.

Pnc Steel City Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pnc Steel City Advisors: assets under management

The assets under management (AUM) of Pnc Steel City Advisors, LLC is $395.84 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $395.84 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $395.84 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pnc Steel City Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pnc Steel City Advisors serves?

The only and largest group of clients of Pnc Steel City Advisors is pooled investment vehicles with 1 clients and $395.84 million of assets under management. Among the 8 most similar advisory firms, Pnc Steel City Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $395.84 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Pnc Steel City Advisors also advises several private funds.

Careers at Pnc Steel City Advisors, LLC

The company employs 26 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
National Association Pnc Bank Sole member 1 Jul 2014 75% - 100% 22-1146430
Peter John Zimmerer Chief operating officer and manager 1 Jul 2014 Other 6406574
William Anthony Kosis Manager 1 Jul 2014 Other 6406578
Brian Shawn Macconnell President and manager 1 Jul 2014 Other 1355721
Jeffrey Kenneth Dowler Chief financial officer 1 Jul 2014 Other 6406583
Daniel Joseph Harty Chief compliance officer 1 Jul 2014 Other 5975626
Michael Richard Stewart Chief compliance officer 1 Mar 2015 Other 2604830
Jennifer Mallon Downs Chief compliance officer 1 May 2017 Other 3063357
Andrew David Tino Interim chief compliance officer 1 Jun 2018 Other 3058307
Thomas R. Rus Chief compliance officer 1 Nov 2018 Other 5030092

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Pnc Bancorp Shareholder 1 May 1990 75% - 100% 51-0326854
Inc. The Pnc Financial Services Group Shareholder 1 May 1990 75% - 100% 25-1435979

Based in Chicago

The principal office where Pnc Steel City Advisors, LLC performs its advisory services is located at 1 North Franklin Street, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Bel Air, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-454-2929 or by fax 312-454-2939. The normal business hours are 9am - 5pm on Monday - Friday.