Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, has added Aberdeen Asset Management, M&G Investments, Martin Currie and SVM Asset Management’s mutual funds to its Nexus Funds application.
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.
These deals also benefit from guaranteed contractual settlement and consolidated trailer fee payments, ensuring predictable settlement dates and streamlining client’s administration and payment processes.
Pershing’s Nexus platform provides private client wealth managers, life companies, building societies and independent financial advisers 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 in a unique position of being able to offer a segregated client account service for all major financial instruments to a broad array of financial services firms, including life assurance companies, private client brokers and intermediaries. The addition of Aberdeen Asset Management, M&G, Martin Currie and SVM to our Nexus Funds solution demonstrates our continued commitment to provide 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.