Pershing LLC, has added Altegris, Invesco and TIAA-CREF funds to FundVest®, Pershing’s no-transaction fee mutual fund platform. It also expanded access to the current Invesco fund offering, including the legacy Van Kampen product line, which more than triples the overall offering in the Invesco fund family on the Pershing platform.
Mutual funds from these financial organizations are now 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. FundVest allows investors to buy, sell or exchange load and no-load funds without incurring regular transaction fees. Pershing’s platform now features 4,300 mutual funds managed by more than 230 fund families.
Sandy Motusesky, director of investment solutions in the product management and development group at Pershing, said, "Pershing continues to offer our customers market-leading solutions and access to funds from select financial institutions that will help customers grow and expand their businesses. The addition of the Altegris funds, Invesco funds and TIAA-CREF funds to the FundVest platform will bring a wider selection of choices for our customers who will not only benefit from our no-transaction fee platform structure, but will also have the opportunity to provide their clients with a more diversified group of investment options to help them meet their financial goals."
Pershing has continued to expand the number of mutual fund families available through FundVest. More than 20 industry-leading mutual fund companies have been added to the platform in 2011, including Lord Abbett®, Janus Funds and ING Fund Services, LLC.
