The Bank of New York Company, Inc.’s Pershing Unit Adds Dunham & Associates Investment Counsel, Inc.’s Performance Fee-Based Funds to FundVest®
JERSEY CITY, N.J., November 17, 2006 – Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has added Dunham & Associates Investment Counsel, Inc. to FundVest®, Pershing’s no-transaction-fee mutual fund platform.
Pershing’s FundVest mutual fund platform offers investors access to more than 1,800 mutual funds, managed by over 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.
Dunham & Associates’ 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.
Keith E. Gregg, chief sales and marketing officer of Dunham & Associates Investment Counsel, Inc., said, “FundVest is one of the most comprehensive no-transaction fee mutual fund platforms in the industry. We are pleased to work closely with Pershing and look forward to offering our funds to a broad array of investment professionals.”
Ron Fiske, managing director of the product management and development group at Pershing, said, “We are committed to adding additional fund companies and mutual funds to our FundVest platform and will continue to provide our customers with a broad array of industry-leading products, services and solutions to help them grow their businesses and enhance their competitive positioning.”
Founded in 1985, Dunham & Associates Investment Counsel, Inc. is a wealth management firm dedicated to providing financial advisors with asset management solutions for affluent clients. Dunham’s private funds have worked on performance fee compensation for over two decades. Additional information is available at www.dunham.com.
Pershing LLC is a leading global provider of clearing and financial services outsourcing solutions to more than 1,100 institutional and retail financial organizations and independent investment advisors who collectively represent nearly six million individual investors. Located in 18 offices worldwide, Pershing provides customers with innovative technology solutions and a wide range of value-added products and services, including asset-gathering products and managed account services, extensive trading and financing capabilities, and web site development. Pershing LLC (member NYSE/NASD/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Company, Inc. Additional information is available at www.pershing.com.
Pershing Advisor Solutions LLC is an affiliate of Pershing LLC and a leading provider of financial services outsourcing solutions to independent, fee-based registered investment advisors and dually-registered advisors working in conjunction with many of Pershing LLC’s introducing broker-dealer customers. Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has a 65-year heritage of providing custodial services and outsourcing solutions to many of the world’s leading financial services organizations. Through an innovative custody platform, Pershing Advisor Solutions delivers superior expertise and scalable and customizable solutions to help manage and grow fee-based businesses. Additional information is available at www.pershingadvisorsolutions.com.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
| « Back to Press Releases | « Previous Next » |
