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

"Merrill Lynch is a highly respected financial services organization, and we are excited to be able to offer our customers and their clients access to the Merrill Lynch Investment Managers mutual funds through Pershing’s mutual fund supermarket," said Brian T. Shea, chief operating officer of Pershing.

"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.

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