US mutual fund manager Touchstone Investments has selected BNY Mellon Asset Servicing to provide mutual fund accounting and administration, transfer agency, and blue sky services, which enable the manager to comply with the so-called Blue Sky or state-level securities laws by providing a platform that allows them to make their regulatory filings with each state electronically.
The services will be provided for the Touchstone Funds, which have more than $7 billion in assets and more than 110,000 shareholder accounts. BNY Mellon also will provide call center servicing and regulatory services for Touchstone’s 42 mutual funds.
“We are confident that through its robust technology and the depth and breadth of its service offering BNY Mellon will provide the support we require to continue to grow our business,” said Stephen Graziano, president of Touchstone Investments. “In addition, its strong network of broker-dealer relationships will help us better connect with our key distribution partners.”
(JDC)