Under the name FundVest 200, the mutual fund listing will soon be available on Pershing’s mutual fund platform. Pershing engaged Lockwood Advisors to monitor the listing in accordance with BNY Mellon Manager Research Group’s proprietary research process.
Pershing’s broker/dealer and registered investment adviser (RIA) clients can access the list at no additional cost.
The listing’s research process focuses on a mutual fund’s qualitative factors, such as organizational structure, personnel, philosophy and investment process, said Jamie Lewin, chief investment officer of Lockwood Advisors and head of manager research for BNY Mellon Investment Management.
“We are seeking to identify mutual funds that we believe possess the necessary characteristics to potentially achieve anticipated investment outcomes for investors, not simply those with attractive historical returns,” Lewin said.
The first stage of the FundVest 200 rollout will occur in the fourth quarter of 2013. Each fund included in the listing will have an accompanying report.
Lockwood, in conjunction with the BNY Mellon Manager Research Group, will reevaluate the list on an ongoing basis. Lockwood will also host periodic adviser calls to discuss the FundVest 200 investment selections.
Pershing expects to expand the listing early next year to reach 200 funds from 40 investment categories, including non-traditional asset classes. No mutual funds managed by BNY Mellon-affiliated investment managers were or are considered for inclusion in the listing.
For more information on FundVest 200 visit www.pershing.com.