Andrew Schuler is the executive vice president and Investment Managing Director for PNC Private Bank.
Andy is responsible for the leadership of our clients' investment experience through the management of all PNC Private Bank Investment Advisors, and contributes to the creation and implementation of investment strategies. He works closely with leaders in the areas of financial and estate planning, trust, and banking services to help clients realize their wealth purpose and position our clients for long-term financial success. Andy is Chairman of the PNC Private Bank Investment Policy Committee, a Board Member of the PNC Ohio Trust Company and a member of multiple PNC investment and risk management committees.
Investors, who three decades ago relied on a mix of cash and bonds to get a 7% return, later turned to “a balanced portfolio of stocks and bonds” to get the same result, says Andrew Schuler, investment managing director for Pittsburgh-headquartered PNC Private Bank, highlighting how investment has changed in his 30-year career.
Looking forward, Schuler says clients looking to achieve the same return level should incorporate alternative investments, a broad term for non-standard categories like private equity or venture capital, which don’t fall under traditional bonds, cash or stocks, into their portfolio mix. With companies staying private longer at attractive entry-point valuations, it’s a good time for investors who haven’t incorporated alternatives into their portfolios to do so.
Andy Schuler, senior vice president and investment managing director at PNC Wealth Management in Philadelphia, says if your circumstances have evolved to where you need comprehensive planning, you’ll need to find an advisor who has the resources to support you.