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BNY Mellon’s Pershing Expands FundVest Platform

It has added Franklin Templeton Investments and MFS Investment Management to FundVest

Pershing, a part of BNY Mellon company, has added Franklin Templeton Investments and MFS Investment Management to FundVest, Pershing’s no-transaction-fee mutual fund platform.

Reportedly, mutual funds from these financial organizations 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.

Mitchell Bell, director, product management and development group at Pershing, said: “We are very pleased to announce the addition of these premier asset management companies to our platform. The addition of these firms to FundVest demonstrates our continued commitment to expand our no-transaction fee mutual fund platform and provide our customers with access to a wide range of investment solutions from high caliber fund companies that will help them assist their clients in achieving their financial objectives.”