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.
FundVest allows investors to buy, sell or exchange load and no-load funds without incurring regular transaction fees.
Pershing’s platform now features 4,300 mutual funds managed by more than 230 fund families.
It also expanded access to the current Invesco fund offering, including the Van Kampen product line, which more than triples the overall offering in the Invesco fund family on the Pershing platform.
Pershing director of investment solutions in the product management and development group Sandy Motusesky said the addition of the Altegris funds, Invesco funds and TIAA-CREF funds to the FundVest platform will bring a wider selection of choices for customers who will not only benefit from no-transaction fee platform structure, but will also have the opportunity to provide their clients with a more diversified group of investment options to help them meet their financial goals.
