60 http://www.prwebpodcast.com A Top 30 Stream of PNC Financial Services Grou Press Releases (in OGG format) via PRWeb podEditor@emediawire.com (PRWeb) podMaster@emediawire.com Mon, 06 Oct 2008 07:17:34 -0700 PNC Financial Services Grou http://www.prweb.com/prwebrss.gif 130 49 http://prwebpodcast.com Copyright PRWeb International, Inc. en-us http://blogs.law.harvard.edu/tech/rss A Top 30 Stream of PNC Financial Services Grou Press Releases (in OGG format) via PRWeb A Top 30 Stream of PNC Financial Services Grou Press Releases (in OGG format) via PRWeb podEditor@emediawire.com PR Web PRWeb no http://www.prweb.com/releases/2008/4/prweb832414.htm http://www.prweb.com/releases/2008/4/prweb832414.htm A newly released survey by PNC Wealth Management says that high net worth Americans who earned their money feel more secure and take greater investment risks during times of economic downturn than peers who inherited their money. [PRWeb Apr 10, 2008] http://www.prweb.com/releases/2008/4/prweb832414.htm Mon, 07 Apr 2008 15:41:46 -0700 podcrew@extrahoop.com Wealth Management, an overwhelming number of high net worth Americans earned their wealth and are more likely to feel secure during challenging economic times compared to peers who inherited their money. Conducted by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC), the fourth annual Wealth and Values Survey revealed that 69 percent of high net worth Americans with $500,000 or more in investable assets accumulated most of their fortune by earning it through work, business ownership or investments. This compares to the 6 percent who attained their wealth primarily through inheritance. The remaining 25 percent gained their wealth through a combination of inheritance and earnings. Earned Wealth – Why Worry? The “earners” majority, are more likely to be concerned about the likelihood of a recession, yet are more confident they can manage through a downturn, PNC found. When asked about a recession, 36 percent of high net worth earners said it was a concern, yet 77 percent agreed with the statement “I feel I have a lot of control over my financial future.” Meanwhile, 27 percent of heirs expressed concern about a recession. Yet, 10 percent fewer – 67 percent – expressed confidence about control of their finances in the future. The earners also have a higher risk tolerance than heirs. Thirty-nine percent of earners rate themselves as moderate to risky investors compared with 21 percent of heirs. “There is a strong correlation between those who earned their wealth, their willingness to take risks and confidence that they can recover from a major negative financial event,” said Thomas P. Melcher, executive vice president and managing director of Hawthorn, PNC Wealth Management’s ultra high net worth division. "Those who inherited their wealth often view themselves as stewards for future generations. As a result, they tend to be more conservative in their approach to investing. “By understanding the psychology of wealth, wealth managers are better able to deliver holistic advice measured both with investment returns and quality of life, the success of which is measured both through investment returns and appreciation for the lifestyle that wealth allows," he added. Other survey highlights include: - Happiness is Relative: Three quarters (76 percent) of earners agree "My financial success lets me feel less stress and worry" as opposed to 50 percent of heirs. And 51 percent of earners agree "as I have accumulated more money in my life I have become happier" vs. 33 percent of heirs.... To read the press release in full goto http://www.prweb.com/releases/2008/4/prweb832414.htm]]> Alan Aldinger PNC Wealth Management Survey Reveals High Net Worth American ‘Earners’ Enjoy Greater Security During Economic Downturn Wealth Management, an overwhelming number of high net worth Americans earned their wealth and are more likely to feel secure during challenging economic times compared to peers who inherited their money. Conducted by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC), the fourth annual Wealth and Values Survey revealed that 69 percent of high net worth Americans with $500,000 or more in investable assets accumulated most of their fortune by earning it through work, business ownership or investments. This compares to the 6 percent who attained their wealth primarily through inheritance. The remaining 25 percent gained their wealth through a combination of inheritance and earnings. Earned Wealth – Why Worry? The “earners” majority, are more likely to be concerned about the likelihood of a recession, yet are more confident they can manage through a downturn, PNC found. When asked about a recession, 36 percent of high net worth earners said it was a concern, yet 77 percent agreed with the statement “I feel I have a lot of control over my financial future.” Meanwhile, 27 percent of heirs expressed concern about a recession. Yet, 10 percent fewer – 67 percent – expressed confidence about control of their finances in the future. The earners also have a higher risk tolerance than heirs. Thirty-nine percent of earners rate themselves as moderate to risky investors compared with 21 percent of heirs. “There is a strong correlation between those who earned their wealth, their willingness to take risks and confidence that they can recover from a major negative financial event,” said Thomas P. Melcher, executive vice president and managing director of Hawthorn, PNC Wealth Management’s ultra high net worth division. "Those who inherited their wealth often view themselves as stewards for future generations. As a result, they tend to be more conservative in their approach to investing. “By understanding the psychology of wealth, wealth managers are better able to deliver holistic advice measured both with investment returns and quality of life, the success of which is measured both through investment returns and appreciation for the lifestyle that wealth allows," he added. Other survey highlights include: - Happiness is Relative: Three quarters (76 percent) of earners agree "My financial success lets me feel less stress and worry" as opposed to 50 percent of heirs. And 51 percent of earners agree "as I have accumulated more money in my life I have become happier" vs. 33 percent of heirs.... To read the press release in full goto http://www.prweb.com/releases/2008/4/prweb832414.htm]]> 00:15:00 no http://www.prweb.com/releases/2008/2/prweb660634.htm http://www.prweb.com/releases/2008/2/prweb660634.htm Wealthy business owners and entrepreneurs enjoy their work so much that 43 percent, which is almost double that of affluent Americans who do not own a business, want to work until age 70 or later, according to a new survey by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. [PRWeb Feb 4, 2008] http://www.prweb.com/releases/2008/2/prweb660634.htm Thu, 31 Jan 2008 09:43:36 -0800 podcrew@extrahoop.com Wealthy business owners and entrepreneurs enjoy their work so much that 43 percent, which is almost double that of affluent Americans who do not own a business, want to work until age 70 or later, according to a new survey by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC). But while the fire burns from within to keep working, only one-third of these entrepreneurs have written succession plans in place that would ease the transition of their business to family or other business associates, PNC found in the fourth annual Wealth and Values Survey and its latest in-depth examination into a segment of America's http://pnc.com [wealthy. "Business owners who have put a lifetime into their work often have a mindset that 'no one can run this business better than I can,'" said Jonathan Lander, J.D., L.L.M., a senior wealth planner and vice president of PNC Wealth Management who advises clients in succession planning. Many view their business as an extension of themselves and are unable to envision any one else in charge, he added. PNC's study of nearly 600 affluent business owners found more tend to be younger, male and wealthier compared to the overall affluent respondents. Results include: Median age of 54 versus 63; and 76 percent male/24 percent female versus 68 percent male/32 percent female. The survey also revealed the median investable assets for business owners are $1.34 million compared to $786,000 among non-business owners. It's Good To Be the Boss These entrepreneurs are more than twice as likely to work no matter how much money they have, according to the survey findings. Sixty-one percent strongly or somewhat agree with the statement "I will continue to work, no matter how much money I have," while only 27 percent among non-business owners responded in the same manner. Of those who responded that they intend to work until at least age 70, 54 percent said their main reason to do so is because "I enjoy working and don't want to stop." This was followed by: 20 percent - "My work is a big part of who I am"; 10 percent - "To maintain my current standard of living in my retirement"; and 8 percent - "I fear I will be bored in retirement." Other survey highlights include: - The Way to Wealth?: Asked if owning a business is the best way to amass significant wealth, 57 percent of business owners and entrepreneurs agree with that statement, compared to 23 percent of non-business owners. Asked "how much money would you need to have to feel completely secure about your future?," the median amount is $5 million for owners versus $2 million for non-owners. - All in The Family: Of those owners in partnerships, more than half (54 percent) are in business solely with family, while 39 percent have only non-family members as partners. Seven percent are in partnership with both family and non-family members. Among those owners with family working in the business, 58 percent work with a spouse while 15 percent involve their children. - Planning for the Future: PNC's findings show 77 percent of owners have a will but only 33 percent have a succession plan for their business.... To read the press release in full goto http://www.prweb.com/releases/2008/2/prweb660634.htm]]> Alan Aldinger Wealthy Business Owners Live to Work, Regardless of Net Worth, PNC Survey Finds Wealthy business owners and entrepreneurs enjoy their work so much that 43 percent, which is almost double that of affluent Americans who do not own a business, want to work until age 70 or later, according to a new survey by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC). But while the fire burns from within to keep working, only one-third of these entrepreneurs have written succession plans in place that would ease the transition of their business to family or other business associates, PNC found in the fourth annual Wealth and Values Survey and its latest in-depth examination into a segment of America's http://pnc.com [wealthy. "Business owners who have put a lifetime into their work often have a mindset that 'no one can run this business better than I can,'" said Jonathan Lander, J.D., L.L.M., a senior wealth planner and vice president of PNC Wealth Management who advises clients in succession planning. Many view their business as an extension of themselves and are unable to envision any one else in charge, he added. PNC's study of nearly 600 affluent business owners found more tend to be younger, male and wealthier compared to the overall affluent respondents. Results include: Median age of 54 versus 63; and 76 percent male/24 percent female versus 68 percent male/32 percent female. The survey also revealed the median investable assets for business owners are $1.34 million compared to $786,000 among non-business owners. It's Good To Be the Boss These entrepreneurs are more than twice as likely to work no matter how much money they have, according to the survey findings. Sixty-one percent strongly or somewhat agree with the statement "I will continue to work, no matter how much money I have," while only 27 percent among non-business owners responded in the same manner. Of those who responded that they intend to work until at least age 70, 54 percent said their main reason to do so is because "I enjoy working and don't want to stop." This was followed by: 20 percent - "My work is a big part of who I am"; 10 percent - "To maintain my current standard of living in my retirement"; and 8 percent - "I fear I will be bored in retirement." Other survey highlights include: - The Way to Wealth?: Asked if owning a business is the best way to amass significant wealth, 57 percent of business owners and entrepreneurs agree with that statement, compared to 23 percent of non-business owners. Asked "how much money would you need to have to feel completely secure about your future?," the median amount is $5 million for owners versus $2 million for non-owners. - All in The Family: Of those owners in partnerships, more than half (54 percent) are in business solely with family, while 39 percent have only non-family members as partners. Seven percent are in partnership with both family and non-family members. Among those owners with family working in the business, 58 percent work with a spouse while 15 percent involve their children. - Planning for the Future: PNC's findings show 77 percent of owners have a will but only 33 percent have a succession plan for their business.... To read the press release in full goto http://www.prweb.com/releases/2008/2/prweb660634.htm]]> 00:15:00 no http://www.prweb.com/releases/2007/5/prweb525076.htm http://www.prweb.com/releases/2007/5/prweb525076.htm Incentives in a will or trust can be a motivator for the beneficiaries to follow the giver's wishes. But less than one-third of wealthy Americans have attached strings for their heirs, according to the results of a survey by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. (NYSE: PNC). [PRWeb May 14, 2007] http://www.prweb.com/releases/2007/5/prweb525076.htm Thu, 10 May 2007 15:52:30 -0700 podcrew@extrahoop.com Alan Aldinger Heir Today, Gone Tomorrow 00:15:00 no