Pershing Adds Russell Funds to FundVest

Pershing, a Bank of New York subsidiary, has added Russell Investment Company funds to FundVest, Pershing's no transaction-fee mutual fund program. FundVest offers investors access to over 1,700 mutual funds managed by nearly 150 companies.

Through FundVest, investors can buy, sell or exchange an array of load and no-load mutual funds without incurring regular transaction fees. Russell advises clients on more than $2.4 trillion in assets and manages $171 billion in assets.

"The addition of Russell funds to our program further reinforces our commitment to enhancing our platform and offering our customers value-added products, services and solutions that help them compete in today's investing environment," said Ron Fiske, managing director at Pershing.