Pershing adds Schroders to FundVest

Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has added Schroders PLC to FundVest, Pershing’s no-transaction-fee mutual fund platform. Jersey City, N.J.-based 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. Schroders’ 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. Schroders is a London-based global asset management company with $251.5 billion under management, according to a statement from the Bank of New York.