Pershing adds array of funds

The firm had added American Funds, JennisonDryden, OppenheimerFunds Inc. and Van Eck Global to its mutual fund platform.
JUN 03, 2008
By  Bloomberg
Pershing LLC of Jersey City, N.J., has added American Funds Investment Co. of Los Angeles, JennisonDryden of Newark, N.J., and OppenheimerFunds Inc. and Van Eck Global, both of New York, to its FundVest mutual fund platform. FundVest offers investors the ability to“ buy, sell or exchange an array of load and no-load mutual funds without incurring regular transaction fees,” and offers access to “nearly 2,700” mutual funds, managed by more than 180 companies, according to a statement by FundVest. Mitchell Bell, director in the product management and development group of Pershing, described the new funds as “highly regarded” and “premier.” Including the new funds “demonstrates our [Pershing’s] continued commitment to 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,” he said in the statement.

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