The Bank of New York Company, Inc.'s Pershing Unit Adds Wilmington Trust to FundVest(R)
December 18 2006 - 8:47AM
PR Newswire (US)
JERSEY CITY, N.J., Dec. 18 /PRNewswire-FirstCall/ -- Pershing LLC,
a subsidiary of The Bank of New York Company, Inc., has added
Wilmington Trust's proprietary mutual funds to FundVest(R),
Pershing's no-transaction-fee mutual fund platform. 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.
Wilmington Trust's 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.
Darryl Grayson, managing director and national sales manager at
Wilmington Trust Investment Management, said, "FundVest is one of
the most comprehensive no-transaction fee mutual fund platforms in
the industry. We are pleased to join FundVest and look forward to
offering our funds within Pershing's growing mutual fund platform."
Ron Fiske, managing director of the product management and
development group at Pershing, said, "The addition of Wilmington
Trust's funds to FundVest underscores our continued commitment to
deliver industry-leading products, services and solutions to our
customers." Wilmington Trust Corporation (NYSE:WL) is a financial
services holding company that provides regional banking services
throughout the Delaware Valley region, wealth advisory services for
high-net-worth clients in 22 countries and corporate client
services for institutional clients in 81 countries. Its wholly
owned bank subsidiary, Wilmington Trust Company, which was founded
in 1903, is one of the largest personal trust providers in the
United States and the leading retail and commercial bank in
Delaware. Wilmington Trust Corporation and its affiliates have
offices in California, Connecticut, Delaware, Florida, Georgia,
Maryland, Nevada, New Jersey, New York, Pennsylvania, South
Carolina, Vermont, the Cayman Islands, the Channel Islands, London,
Dublin and Frankfurt. For more information, visit
http://www.wilmingtontrust.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 http://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
http://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
http://www.bankofny.com/. DATASOURCE: The Bank of New York Company,
Inc. CONTACT: Barbara Gallo, +1-201-413-2930 Web site:
http://www.bankofny.com/ http://www.wilmingtontrust.com/
http://www.pershing.com/ http://www.pershingadvisorsolutions.com/
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