Pershing and Merrill Lynch last week announced that Pershing will make Merrill's family of 70 mutual funds available on its supermarket, reaching 4.7 million investors through 850 broker/dealers.

"As we expand our third-party distribution efforts, we are pleased to partner with such a premier firm as Pershing," said Daniel J. Dart, chief operating officer for Merrill Lynch's third-party retail business.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.