In an effort to strengthen its relationships with fee-based advisors,
The program, called FundVest Institutional, allows registered investment advisors and other professionals to conduct transactions in a variety of load and no-load mutual funds at net asset value, the company said.
Pershing also provides a product called Correspondent Investment Management Support, which allows RIAs and managed account providers to offer consolidated performance reporting for a range of portfolio holdings, including mutual funds, annuities and general securities.
