BNY Mellon's Pershing Unit Continues to Expand FundVest(R) Platform
October 07 2009 - 9:00AM
PR Newswire (US)
JERSEY CITY, N.J., Oct. 7 /PRNewswire-FirstCall/ -- Pershing LLC, a
BNY Mellon company, announced today that it has added Franklin
Templeton Investments and MFS Investment Management to FundVest®,
Pershing's no-transaction-fee mutual fund platform. Mutual funds
from these financial organizations are now 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.
FundVest offers investors access to over 3,000 mutual funds,
managed by more than 200 fund companies. Through FundVest,
investors can buy, sell or exchange an array of load and no-load
mutual funds without incurring regular transaction fees. Pershing
has continued to expand the number of mutual fund families
available through FundVest. More than 30 industry-leading mutual
fund companies have been added to the platform over the past year,
including Neuberger Berman, The Hartford Mutual Funds and T. Rowe
Price. Mitchell Bell, director in the product management and
development group at Pershing, said, "We are very pleased to
announce the addition of these premier asset management companies
to our platform. The addition of these firms to FundVest
demonstrates our continued commitment to expand our no-transaction
fee mutual fund platform and provide our customers with access to a
wide range of investment solutions from high caliber fund companies
that will help them assist their clients in achieving their
financial objectives." Pershing LLC (member FINRA/NYSE/SIPC) 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 approximately five million active investors. Located in
20 offices worldwide, Pershing and its affiliates are committed to
delivering dependable operational support, robust trading services,
flexible technology, an expansive array of investment solutions,
practice management support and service excellence. Pershing 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 BNY Mellon company. Additional information is available at
http://www.pershing.com/. Pershing Advisor Solutions LLC (member
FINRA/SIPC) is an affiliate of Pershing LLC and a leading provider
of financial business solutions to independent registered
investment advisors and dually-registered advisors working in
conjunction with many of Pershing LLC's introducing broker-dealer
customers. Additional information is available at
http://www.pershingadvisorsolutions.com/. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation. BNY
Mellon is a global financial services company focused on helping
clients manage and service their financial assets, operating in 34
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, clearing services and treasury services through a
worldwide client-focused team. It has $20.7 trillion in assets
under custody and administration, $926 billion in assets under
management, services $11.8 trillion in outstanding debt and
processes global payments averaging $1.8 trillion per day.
Additional information is available at http://www.bnymellon.com/.
DATASOURCE: BNY Mellon CONTACT: Michael Geller, +1-201-413-4179, ,
for BNY Mellon Web Site: http://www.bnymellon.com/
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