Pershing Adds Four Providers to Nexus Funds Solution

Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, announced the addition of four new mutual fund providers to its Nexus Funds Solution.

The mutual funds of Gartmore Investment Management, Invesco Perpetual, Morley Fund Management, and Norwich Union will be added to the Nexus platform.

Pershing’s Nexus platform provides private client wealth managers, life companies, building societies, and independent financial advisers 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.

Nexus Funds 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 utilize the solution.

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