Money Funds and FDIC-Insured Bank Programs
| Pershing strives to increase the efficiency and effectiveness of financial organizations, by continually building, enhancing, and supporting innovative financial products and services. |
| Money Funds and FDIC-Insured Bank Program Revenue Sharing |
| Money fund and FDIC-insured bank deposit processing and revenue sharing fees are significant sources of revenue for Pershing and may be significant sources of revenue for your financial organization. Pershing receives fees from the providers listed below for making available money market funds or FDIC-insured bank deposit programs, which you have selected through your financial organization. These fees are paid in accordance with an asset-based formula. Your financial organization may share in these fees. A portion of Pershing’s fees are applied against costs associated with providing services on behalf of the participating providers, which may include maintaining cash sweep systems, subaccounting services, dividend calculation and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, marketing and distribution related support, and other services. The providers listed below are in order of 2009 gross dollar payments to Pershing from highest to lowest. |
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1. Federated Investors Inc. 2. Dreyfus Corporation 3. Liquid Insured Deposits 4. Reich & Tang Funds 5. Invesco AIM Funds 6. DWS Scudder 7. Wells Fargo Funds
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| Money Fund and FDIC-Insured Bank Fees and Revenue Sharing |
| Pershing receives processing fees from certain money fund and bank providers, which may be associated with your financial organization. These fees reimburse Pershing for operational services it performs on behalf of the providers, which may include maintaining cash sweep systems, subaccounting services, dividend calculation and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, or other services. Pershing receives fees for the processing it performs on behalf of the providers listed below and they are listed in order of 2009 gross dollar fees paid to Pershing. |
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| Funds |
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| 1. Metlife Bank Insured Deposit Account |
21. Princor Funds |
| 2. DWS Scudder Funds |
22. BB&T Funds |
| 3. HSBC Money Market Funds |
23. Touchstone Funds |
| 4. ING Group Funds |
24. Mercantile Funds |
| 5. CSAM Funds |
25. First Puerto Rico Funds |
| 6. AIG Bank Insured Deposit AccountM |
26. Bank of the West Insured Deposit Account |
| 7. SunAmerica Funds |
27. Balentine Funds |
| 8. Dreyfus Corporation |
28. Banco Santander Insured Deposit Account |
| 9. Aetna Funds |
29. M&T Bank Insured Deposit Account |
| 10. Banorte Funds |
30. Ridgestone Bank Insured Deposit Account |
| 11. First Republic Bank Insured Deposit Account |
31. Bishop Street Funds |
| 12. American Century Funds |
32. Webster Bank Insured Deposit Account |
| 13. M&T Funds |
33. First Citizens Bank Insured Deposit Account |
| 14. Key Bank Insured Deposit Account |
34. Waddell & Reed Funds |
| 15. Hewitt Funds |
35. Victory Funds |
| 16. Goldman Sachs Funds |
36. BC Ziegler Funds |
| 17. Marshall Funds |
37. Citzens & Farmers Bank Insured Deposit Account |
| 18. Vanguard Funds |
38. Twin Cities Financial Insured Deposit Account |
| 19. T Rowe Price Funds |
39. Weiss Funds |
| 20. BB&T Insured Deposit Account |
40. Pioneer Funds | |
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