Pershing, a subsidiary of The Bank of New York Company, has again added new funds to FundVest, the clearing and financial services firm's no-transation-fee mutual fund program.

Pershing executives said FundVest will offer William Blair Funds, along with the approximate 1,700 other mutual funds in the program.

William Blair & Company is a Chicago-based independent investment firm that offers institutional and private brokerage, investment banking, asset management, among other services. As of June 30, the firm's assets under management were over $38 billion, including about $11 billion in mutual funds.

Ron Fiske, managing director at Pershing, said that the clearing firm added William Blair Funds as part of its effort to enable its customers to "enhance their product offerings and competitive positioning." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE