Pershing has added Seligman Investments to its FundVest mutual fund platform. Seligman's funds will now be 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 LLC.
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, has added Seligman Investments to FundVest(R), Pershing's no-transaction-fee mutual fund platform.
Pershing's FundVest mutual fund platform offers investors access to over 1,800 mutual funds, managed by more than 160 fund companies. Through FundVest, investors can buy, sell or exchange an array of load and no-load mutual funds without incurring regular transaction fees.
Seligman's funds are 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 LLC.
Michelle Rappa, managing director of J. & W. Seligman & Co. Incorporated and director of marketing, Seligman Advisors, Inc., said, "FundVest is one of the most comprehensive and premier no-transaction fee mutual fund platforms in the industry. We are excited to join FundVest and look forward to offering our funds to a broad array of investment professionals and independent registered investment advisors."
Ron Fiske, managing director of the product management and development group at Pershing, said, "Seligman Investments is an acknowledged industry leader and has a long history of offering a wide range of mutual funds to help investors meet their financial goals. The addition of Seligman to our FundVest platform underscores our ongoing commitment to provide our customers with access to a broad array of high caliber financial institutions to help them compete and succeed in today's rapidly evolving investing environment."
Pershing LLC is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent over five million active investors. Financial organizations, investment professionals and independent registered investment advisors depend on Pershing's depth of experience and consultative approach to provide them with forward-thinking solutions that help them to grow their businesses. Located in 19 offices worldwide, Pershing is committed to service excellence and to providing dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions and practice management support. Pershing (member NASD/NYSE/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Additional information is available at http://www.pershing.com/.
Pershing Advisor Solutions LLC (member NASD/SIPC) is an affiliate of Pershing LLC and a leading provider of financial business solutions to independent, fee-based registered investment advisors and dually-registered advisors working in conjunction with many of Pershing LLC's introducing broker-dealer customers. Through an innovative custody platform, Pershing Advisor Solutions delivers superior expertise and scalable and customizable solutions to help its customers manage and grow their fee-based businesses. Additional information is available at http://www.pershingadvisorsolutions.com/.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at http://www.bnymellon.com/.
J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, was founded in 1864. In addition to providing investment management and advisory services to institutional clients, the firm and its affiliates provide individuals a broad array of investment options, including the US-based Seligman Group of Funds with more than 60 portfolios. Additionally, the firm manages Tri-Continental Corporation and Seligman LaSalle International Real Estate Fund, Inc., which are traded on the New York Stock Exchange, and a range of offshore investments available exclusively for non-US investors. J. & W. Seligman & Co. Incorporated has an additional office in Palo Alto, California. Seligman Advisors, Inc. is the principal underwriter for the Seligman mutual funds. Seligman Services, Inc. provides client services to shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are each an affiliate of J. & W. Seligman & Co. Incorporated. The Bank of New York Mellon Corporation
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