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Pershing expands FundVest platform

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Pershing, a BNY Mellon company, has added Franklin Templeton Investments and MFS Investment Management to FundVest, Pershing’s no transaction fee mutual fund platform.

Mutual funds from these financial organisations are now available to Pershing’s introducing broker-dealer customers and the clients they serve, and to independent registered investment advisers and their clients through Pershing’s affiliate, Pershing Advisor Solutions.

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 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, says: "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."

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