For more stories like this, sign up for the PLANADVISERdash daily newsletter.
The Markets January 30, 2007
Putnam Investments Now Available on Pershing’s FundVest
Putnam Investments are now offered through FundVest, Pershing’s no-transaction-fee mutual fund platform.
Reported by Alison Cooke
Putnam Investments will now be available to Pershing’s introducing broker-dealer customers and their clients and, through Pershing Advisor Solutions LLC, to independent registered investment advisors.
Pershing LLC, a subsidiary of The Bank of New York Company, Inc., offers access to over 1,800 mutual funds, managed by more than 160 fund companies through FundVest, where investors buy, sell and exchange both load and no-load mutual funds without incurring regular transaction fees.