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| Money Funds and FDIC-Insured Bank Programs |
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| Pershing strives to increase the efficiency and
effectiveness of financial organizations, by continually
building, enhancing, and supporting innovative financial
products and services. |
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| 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 2006 gross dollar payments to Pershing
from highest to lowest. |
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| Funds |
- Federated Funds
- Dreyfus Funds
- Reserve Insured Deposits
- Reich & Tang Funds
- JP Morgan
- AIM Funds
- Wells Fargo Funds
- DWS Scudder Funds
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| Money Fund Fees and Revenue Sharing |
| Money Fund and FDIC-insured bank deposit
processing fees are significant sources of revenue for Pershing
and may be significant sources of revenue for your financial
organization. Pershing receives processing fees for operational
services it performs on behalf of Money Fund and FDIC-insured
bank sweep 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, and other services.
Pershing receives fees for the processing it performs on behalf
of the providers listed below and they are listed in order of
2006 gross dollar fees paid to Pershing. |
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| Funds |
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| 1. DWS Scudder Funds |
19. Putnam Funds |
| 2. Credit Suisse Asset Management
Funds |
20. Mercantile Funds |
| 3. SunAmerica Funds |
21. Princor Funds |
| 4. MetLife Bank Insured Deposit
Account |
22. Prudential Funds |
| 5. ING Group Funds |
23. Marshall Funds |
| 6. AIG Bank Insured Deposit Account |
24. Harris Insight Funds |
| 7. Vanguard Funds |
25. Banco Santander Insured Deposit
Account |
| 8. Dreyfus Funds |
26. Tower Funds |
| 9. BNY Hamilton Funds |
27. BC Ziegler Funds |
| 10. Aetna Funds |
39. Bishop Street Funds |
| 11. Banorte Funds |
29. Commerce Capital Funds |
| 12. Pioneer Funds |
30. Balentine Funds |
| 13. T. Rowe Price Funds |
31. Twin Cities Financial Insured
Deposit Account |
| 14. American Century Funds |
32. Thrivent Funds |
| 15. Goldman Sachs Funds |
33. Citizens & Farmers Bank
Insured Deposit Account |
| 16. BB&T Bank Insured Deposit
Account |
34. Centura Bank Insured Deposit
Account |
| 17. M&T Funds and Insured
Deposit Account |
35. Weiss Funds |
| 18. Hewitt Funds |
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Money Fund and FDIC-Insured Bank Product Rates |
Statement of Financial Condition |
Privacy Policy
Business Continuity and Other Disclosures |
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Pershing.com© 1996-2007 Pershing LLC. All rights reserved.
Pershing LLC, member FINRA, NYSE, SIPC
Trademark(s) belong to their respective owners. |
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