Nexus Funds solution is a straight-through processing, no-fee mutual fund solution that is fully integrated with the Pershing Nexus platform. Dealing and settlement fees and custody fees on new assets are waived for eligible deals in UK-registered funds that utilise the solution.
These deals also benefit from guaranteed contractual settlement and consolidated trailer fee payments, which helps to enable predictable settlement dates and streamline clients’ administration and payment processes.
Pershing’s Nexus platform offers private client wealth managers, life companies, building societies, and independent financial advisers (IFAs) with a single access point to buy and sell a variety of global funds and all major financial instruments, including equities, fixed income and foreign exchange.
Martin McHarg, Director of product management at Pershing Limited, said: “The addition of these seven fund providers demonstrates our ongoing commitment to help our clients grow their businesses by providing them with a comprehensive array of investment solutions from high calibre asset management companies. We will continue to expand our Nexus Funds platform to provide our clients with the solutions they need to serve investors.
