Pershing Adds to FundVest

June 23, 2011 ( - Pershing LLC, a BNY Mellon company, has announced the addition of Altegris, Invesco and TIAA-CREF funds to FundVest, Pershing’s no-transaction fee mutual fund platform.   

According to a recent press release, Pershing has also expanded access to the current Invesco fund offering, including the legacy Van Kampen product line, more than tripling the overall offering in the Invesco fund family on the Pershing platform.  

Mutual funds from these organizations are now available to Pershing’s introducing broker-dealer customers and the clients they serve, and to independent registered investment advisers and their clients through Pershing’s affiliate Pershing Adviser Solutions. According to the release, 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.  

“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,” said Sandy Motusesky, director of investment solutions in the product management and development group at Pershing, in the announcement. “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.”  

Sara Kelly