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.