Tuesday, January 25, 2011
ING Inks a Distribution Pact with Pershing
Reported by Armie Margaret Lee
ING Fund Services
has landed on Pershing's FundVest
mutual fund platform. FundVest carries more than 3,700 funds from over 230 companies.
, director of investment solutions in the product management and development group at Pershing, is the gatekeeper at FundVest.
BNY Mellon's Pershing Unit Adds ING Funds to FundVest
JERSEY CITY, N.J., Jan. 25, 2011 /PRNewswire/ -- Pershing LLC, a BNY Mellon company, announced today that it has added ING Fund Services, LLC to FundVest®, Pershing's no-transaction-fee mutual fund platform.
Mutual funds from ING Fund Services 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 LLC. FundVest® offers investors access to over 3,700 mutual funds, managed by more than 230 fund companies. Through FundVest®, investors can buy, sell or exchange an array of load and no-load 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 and provide our customers with access to a wide range of market-leading solutions from high caliber financial institutions that will help them grow their businesses and assist their clients in achieving their financial goals."
Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,500 institutional and retail financial organizations and independent registered investment advisors who collectively represent approximately five million active investors. Located in 21 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing 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 BNY Mellon company. Additional information is available at www.pershing.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon 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, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
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