Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has added Wilmington Trust’s proprietary mutual funds to FundVest, 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.
Wilmington Trust’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.
“FundVest is one of the most comprehensive no-transaction fee mutual fund platforms in the industry,” says Darryl Grayson, the managing director and national sales manager at Wilmington Trust Investment Management. “We are pleased to join FundVest and look forward to offering our funds within Pershing’s growing mutual fund platform.”
“The addition of Wilmington Trust’s funds to FundVest underscores our continued commitment to deliver industry-leading products, services and solutions to our customers,” adds Ron Fiske, the managing director of the product management and development group at Pershing.