Separately Managed Accounts An Integrated Investment Approach

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Separately Managed Accounts An Integrated
Investment Approach
James P. Dunigan Chief Investment Officer PNC
Advisors April 21, 2004
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Service Model Evolution

• Integrated Investment Approach
• How we got here
• Wheres the client
• Whats the future

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Service Model Evolution How we got here
Separately Managed Accounts
Pooled Investments
Large Cap
Independent
Exchange
U.S.
Mutual
Fixed
Hedge
Investment
Traded
Equities
Income
Funds
Funds
Managers
Funds
Managed
by PNC
Repositioning of Value Proposition
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Service Model Evolution Wheres the client
SMA Platform
SMA Managers
Client Experience
5
Service Model Evolution Whats the future

• Today
• Assets
• Adoption
• Challenges/Learnings
• Tomorrow
• There is no head start
• Changing service model
• See the future

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Notes and Disclosures
PNC Advisors is a registered service mark of The
PNC Financial Services Group, Inc. (PNC) for
investment management and fiduciary services and
certain FDIC-insured banking products and
services provided by the PNC subsidiaries, PNC
Bank, National Association and PNC Bank,
Delaware, which are Members FDIC. PNC Advisors
does not provide legal, tax or accounting advice.
Investments Not FDIC Insured. No Bank
Guarantee. May Lose Value. December 31, 2003