Pershing LLC, a unit of The Bank of New York Company, Inc., has added Putnam Investments to its mutual fund platform, FundVest.
FundVest, a no-transaction-fee platform, offers investors access to more than 1,800 mutual funds that are managed by more than 160 companies. Through the platform investors can buy, sell or exchange load and no-load mutual funds.
“FundVest is widely acknowledged as one of the most comprehensive and premier no-transaction fee mutual fund platforms in the industry,” says Jeff Aaron, senior vice president and senior relationship manager for Putnam Retail Management. “We are pleased to join FundVest and look forward to offering our funds to a broad array of advisors and investment professionals.”
“Putnam Investments is one of the largest and most highly regarded money management firms in the United States,” says Ron Fiske, managing director of the product management and development group at Pershing. “We are excited about adding such a high calibre institution to our growing FundVest platform and remain committed to providing our customers and the clients they serve with services that help them enhance their competitive positioning.”