Key Features
› Several account tiers for clients to
choose from with no annual fee in
the first year for all levels
› Unlimited check writing with no per
check minimum and free initial
check supply
› BillSuite™, our easy-to-use online
bill payment system, is offered at no
additional charge for all tiers1
› RewardSuite™ loyalty rewards
Corestone Account® is a powerful asset management
account that gives clients a complete view of their banking
and investments in one statement. Features include a
simple fee structure, an intuitive online bill pay system, an
attractive rewards program and more. With Corestone™, you
can deliver a compelling offering, deepen your relationships
and enhance your value.
A number of account tiers meet clients’ varying needs:
› silver accounts offer easy access to funds, unlimited check writing, daily cash
sweep, online bill payment, telephone access and more. The Silver level is an
affordable entry point that can be upgraded as asset levels build.
program is offered at no additional
charge for Gold and Platinum tiers
› silver Plus accounts include all the benefits of the Silver level as well as a Visa
› 24/7 live client service for all banking,
› Gold accounts include all the benefits of the Silver and Silver Plus levels, as well
bill payment and debit card inquiries.
Investment account questions may be
answered Monday-Friday between
8:30 a.m. and 6 p.m. (ET)
› VISA® debit cards may be used at 24
million merchant locations and over
1 million ATMs worldwide2
› Surcharge-free cash access at
nearly 50,000 ATMs worldwide with
limited monthly reimbursements
at non-network ATMs for Gold
and Platinum levels
› 24/7 online and telephone concierge
service at Platinum tier for help with
travel and entertainment needs
debit card.
as enhanced reporting, expense tracking, free dividend reinvestment, purchase
and travel protection, and a complimentary, loyalty rewards program.
› Platinum accounts include all the benefits of the Silver, Silver Plus and Gold
levels. In addition, there are higher withdrawal limits, discounts on check
orders and stop payments at no charge. The rewards program features higher
point accumulation, concierge services and minimal travel restrictions.
We also offer corporate versions of these tiers.
Investor Profile for Corestone
Corestone may be suitable for a wide range of clients who want to simplify their
financial life and handle their daily financial activities, such as checking, investing,
bill payments and much more, all in one place.
Also, review your client list first for investors with these profiles:
› Money in Motion. High-net-worth investors are often confronted with liquidity events
in which large sums of money appear quickly in their lives, such as stock option
exercises, bonus payouts and home sales. By consolidating their assets in one place,
Corestone allows your clients to maintain maximum financial flexibility.
WHy OFFer asset
MaNaGeMeNt aCCOuNts?
› approaching retirement. Use this opportunity to talk to clients about opening an
Asset management accounts not only
help clients manage their day-to-day
banking needs, but they also serve
as an anchor to your clients’ other
assets and investments. This creates
a stronger relationship with you and
your firm. What is more, the size of a
Pershing asset management account
is over twice as large as a standard
retail brokerage account.3
› In retirement. The Internal Revenue Service can levy a 50% penalty on individuals
asset management account to manage income when they retire and for direct deposit
of their Social Security checks.
who forget to take the required minimum distribution (RMD) from their individual
retirement account (IRA) or non-spousal inherited IRA by the mandatory deadline.
You can help them avoid this penalty by recommending they reinvest RMD assets into
a Corestone account. They can even set up automatic payments to make it easy to
remember their RMD or other retirement plan distributions every year.
› Business succession. Successful business owners who are planning to retire or
transition their business to a successor might be well suited to opening an asset
management account. These clients may not be familiar with converting their illiquid
assets to liquid wealth and may benefit from an asset management account that
could meet a number of their needs.
For professional use only. Not for distribution to the public.
Account Features
Silver
Silver Plus
Gold
Platinum
Daily sweep of uninvested cash
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Direct deposit
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Unlimited check writing with no per-check minimum
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Free bill payment and electronic check presentment with BillSuite
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Online check image retrieval (front and back)
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24/7 live client service for all banking and bill payment questions
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Live customer service for your investment account questions, Monday-Friday
between 8:30 a.m. and 6 p.m. (ET)
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The ability to use a checking account for electronic fund transfer, insurance
payment and trust payment needs
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Up to
$500 daily
Up to
$1,500 daily
Up to
$3,000 daily
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Dividend reinvestment
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Purchase protection and travel benefits
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1 point/
$1 spent
1.5 points/
$1 spent
Discounts on standard wallet checks
20% off
regular price
40% off
regular price
Fee reimbursement on non-PNC ATMs
Monthly
limits
may apply
Monthly
limits
may apply
Enhanced cost basis reporting for investments
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Expense coding and tracking
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Statements record expenses by category
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Year-end account summary of expenses by category
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4
Visa debit card
No additional charge to access 6,500 PNC Bank ATMs and over 43,000 Allpoint
network ATMs
24/7 live client service for all debit card related questions
®
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RewardSuite loyalty program is available at no additional charge;
visit myrewardsuite.com and select the reward of your choice
No additional charge for stop payment orders
•
Full range of concierge services, including limo transportation,
passport and visa assistance, sightseeing tours and more
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to learn more about Corestone, please visit pershing.com or resources within NetX360®.
1
Available solely for NetXInvestor™ users.
2
Source: VISA, 2014.
3
Source: Pershing LLC, 2014.
4
Not available to investors participating in IRA Resource Checking™.
© 2014 Pershing LLC. Pershing LLC, member FINRA, NYSE, SIPC, is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon).
Trademark(s) belong to their respective owners. For professional use only. Not for distribution to the public.
pershing.com
One Pershing Plaza, Jersey City, NJ 07399
FS-PER-CSTONE-5-14