Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, has added Baring Asset Management, Henderson Global Investors, Neptune Investment Management, Scottish Widows Investment Partnership and T. Bailey’s mutual funds to its Nexus Funds solution.
Nexus Funds is a straight-through processing, no-fee mutual fund application that is fully integrated with the Pershing Nexus’ platform. Dealing and settlement fees, in addition to custody fees on new assets, are waived for eligible deals in UK-registered funds that utilise the solution.
Pershing’s Nexus platform provides private client wealth managers, life companies, building societies and independent financial advisers (IFAs) with a single access point to buy and sell a variety of global funds in addition to all major financial instruments including equities, fixed income and foreign exchange.
“We are seeing increased momentum in the number of funds joining our Nexus Funds solution. The addition of these premier fund companies to Pershing’s mutual fund solution demonstrates our continued commitment to providing clients with a cost-effective way to access a diverse range of funds from high calibre financial institutions,” says Charles van der Merwe, CEO, Pershing Limited.