Pershing Adds First American Funds to FundVest

The Bank of New York’s Pershing unit has added First American Funds to FundVest, its no-transaction-fee mutual fund platform.

The platform offers more than 1,800 mutual funds, both load and no-load, from over 160 fund companies. First American Funds will also sell its funds to broker/dealers and registered investment advisors through Pershing Advisor Solutions.

“First American Funds is an  acknowledged industry leader and one of the largest mutual fund families in the nation,” said Ron Fiske, managing director of the product management and development group at Pershing. “The addition of First American Funds to our platform highlights our commitment to provide our customers and the clients they serve with high-quality products, services and solutions that help them compete and succeed in today’s investing environment.”