FIF MEMBER NEWS

Pershing Unveils New Exchange Traded Fund Platform

Pershing has launched FundVest ETF, an exchange-trade fund platform with no transaction fees, purchase minimums or holding fees. All Pershing clients will have access to FundVest ETF, as Pershing responds to growing ETF demand. ETF inflows on the Pershing platform grew by 20% last year, and a recent Pershing survey of financial advisors indicates the use of ETFs is likely to keep rising. FundVest ETF compliments the FundVest mutual fund platform, which also features no transaction fees. Current Pershing clients can access FundVest ETF via NetX360 as part of the ETF Center, which provides research from Morningstar and Lipper in addition to search and ETF review functionality.