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Products January 25, 2011
Pershing Adds ING Funds to Platform
Mutual funds from ING Fund Services are now available to Pershing-affiliated broker/dealers (B/Ds) and registered investment advisers (RIAs).
Reported by Nicole Bliman
Pershing LLC, a BNY Mellon company, announced that it has added ING Fund Services to FundVest, Pershing’s no-transaction-fee mutual fund platform. FundVest offers investors access to more than 3,700 mutual funds, managed by more than 230 fund companies; investors can buy, sell or exchange mutual funds through their financial intermediary without incurring regular transaction fees.
Sandy Motusesky, director of investment solutions in the product management and development group at Pershing, said, “The addition of ING Funds to our platform demonstrates our continued commitment to expanding our no-transaction fee mutual fund platform.”
Pershing expanded its FundVest platform last November as well, by adding Janus and Pacific Life funds.