Touchstone Funds have more than $7bn in assets and more than 110,000 shareholder accounts.
BNY Mellon also will provide call center servicing and regulatory services for Touchstone’s 42 mutual funds.
Touchstone Investments president Stephen Graziano said BNY Mellon will provide the support they require to continue to grow their business. In addition, its strong network of broker-dealer relationships will help them better connect with their key distribution partners.
BNY Mellon executive vice president and head of US fund services Nancy Wolcott said that their demonstrated industry leadership, high quality client service, and their continual investment in technology were key factors in Touchstone’s decision to select BNY Mellon.
