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 2008 gross dollar payments to Pershing from highest to lowest. |
| |
|
1. Federated Investors Inc.
2. Dreyfus Investment Services
3. Reserve Management Corporation
4. Reich & Tang Funds
5. Invesco AIM Funds
6. Wells Fargo Funds
7. DWS Scudder Funds
|
|
| Money Fund Fees and Revenue Sharing |
| Pershing receives processing fees from certain money fund providers, which may be associated with your financial organization. These fees reimburse Pershing for operational services it performs on behalf of the funds, 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 2008 gross dollar fees paid to Pershing. |
|
| Funds |
|
| 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 |
| |
| |
| |
