The Bank of New York Mellon's Pershing Unit Adds Seligman Investments to FundVest(R)
July 31 2007 - 9:00AM
PR Newswire (US)
JERSEY CITY, N.J., July 31 /PRNewswire-FirstCall/ -- Pershing LLC,
a subsidiary of The Bank of New York Mellon Corporation, has added
Seligman Investments to FundVest(R), Pershing's no-transaction-fee
mutual fund platform. Pershing's FundVest mutual fund platform
offers investors access to over 1,800 mutual funds, managed by more
than 160 fund companies. Through FundVest, investors can buy, sell
or exchange an array of load and no-load mutual funds without
incurring regular transaction fees. Seligman's funds are available
to Pershing's introducing broker-dealer customers and the clients
they serve, and to independent registered investment advisors and
their clients through Pershing's affiliate, Pershing Advisor
Solutions LLC. Michelle Rappa, managing director of J. & W.
Seligman & Co. Incorporated and director of marketing, Seligman
Advisors, Inc., said, "FundVest is one of the most comprehensive
and premier no-transaction fee mutual fund platforms in the
industry. We are excited to join FundVest and look forward to
offering our funds to a broad array of investment professionals and
independent registered investment advisors." Ron Fiske, managing
director of the product management and development group at
Pershing, said, "Seligman Investments is an acknowledged industry
leader and has a long history of offering a wide range of mutual
funds to help investors meet their financial goals. The addition of
Seligman to our FundVest platform underscores our ongoing
commitment to provide our customers with access to a broad array of
high caliber financial institutions to help them compete and
succeed in today's rapidly evolving investing environment."
Pershing LLC is a leading global provider of financial business
solutions to more than 1,150 institutional and retail financial
organizations and independent registered investment advisors who
collectively represent over five million active investors.
Financial organizations, investment professionals and independent
registered investment advisors depend on Pershing's depth of
experience and consultative approach to provide them with
forward-thinking solutions that help them to grow their businesses.
Located in 19 offices worldwide, Pershing is committed to service
excellence and to providing dependable operational support, robust
trading services, flexible technology, an expansive array of
investment solutions and practice management support. Pershing
(member NASD/NYSE/SIPC) is a member of every major U.S. securities
exchange and its international affiliates are members of the
Deutsche Borse, the Irish Stock Exchange and the London Stock
Exchange. Pershing LLC is a subsidiary of The Bank of New York
Mellon Corporation. Additional information is available at
http://www.pershing.com/. Pershing Advisor Solutions LLC (member
NASD/SIPC) is an affiliate of Pershing LLC and a leading provider
of financial business solutions to independent, fee-based
registered investment advisors and dually-registered advisors
working in conjunction with many of Pershing LLC's introducing
broker-dealer customers. Through an innovative custody platform,
Pershing Advisor Solutions delivers superior expertise and scalable
and customizable solutions to help its customers manage and grow
their fee-based businesses. Additional information is available at
http://www.pershingadvisorsolutions.com/. The Bank of New York
Mellon Corporation is a global financial services company focused
on helping clients manage and move their financial assets,
operating in 37 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services and treasury services through a
worldwide client-focused team. It has more than $20 trillion in
assets under custody and administration and more than $1 trillion
in assets under management. Additional information is available at
http://www.bnymellon.com/. J. & W. Seligman & Co.
Incorporated, a New York-based investment manager and advisor, was
founded in 1864. In addition to providing investment management and
advisory services to institutional clients, the firm and its
affiliates provide individuals a broad array of investment options,
including the US-based Seligman Group of Funds with more than 60
portfolios. Additionally, the firm manages Tri-Continental
Corporation and Seligman LaSalle International Real Estate Fund,
Inc., which are traded on the New York Stock Exchange, and a range
of offshore investments available exclusively for non-US investors.
J. & W. Seligman & Co. Incorporated has an additional
office in Palo Alto, California. Seligman Advisors, Inc. is the
principal underwriter for the Seligman mutual funds. Seligman
Services, Inc. provides client services to shareholders. Seligman
Advisors, Inc. and Seligman Services, Inc. are each an affiliate of
J. & W. Seligman & Co. Incorporated. DATASOURCE: The Bank
of New York Mellon Corporation CONTACT: Barbara Gallo of The Bank
of New York Mellon Corporation, +1-201-413-2930, Web site:
http://www.bnymellon.com/ http://www.pershing.com/
http://www.pershingadvisorsolutions.com/
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