Pershing’s FundVest 200™: Mutual Fund List Brings Institutional Investment Management Research to Broker-Dealers and Advisors

November 11, 2013

JERSEY CITY, N.J. - Pershing LLC, a BNY Mellon company, announced today that it is developing FundVest 200™, a new list of premier mutual funds that can help advisors construct portfolios for investors based on credible, institutional quality research. The funds that are selected for FundVest 200™, available on Pershing’s no-transaction-fee mutual fund platform, will be selected by Lockwood Advisors, Inc., utilizing the BNY Mellon Manager Research Group’s independent research process, and will be offered at no additional cost to Pershing broker-dealer and registered investment advisor clients.

“FundVest 200 will be driven by an institutional research process that focuses on qualitative factors such as a fund’s organizational and personnel structure, its investment philosophy and its investment process,” said Jamie Lewin, chief investment officer of Lockwood Advisors and head of manager research, BNY Mellon Investment Management. “We are seeking to identify mutual funds that we believe possess the necessary characteristics to potentially achieve anticipated investment outcomes for investors, not simply those with attractive historical returns.”

As advisors are faced with an increased level of responsibility in due diligence around fund selection, FundVest 200 will provide an additional source of support—which may help advisors select the funds that best meet their clients’ needs. The development of this solution is a direct result of an increasing number of advisors seeking additional resources as they continue to shift their business toward advisory.

“This initiative is a great example of providing value to our clients that goes beyond Pershing’s traditional focus,” said Sandy Motusesky Bolton, director, financial solutions, Pershing. “We are seeing a significant shift toward advisory and are adapting our financial solutions to meet evolving client needs. FundVest 200 helps support advisors as they grow their advisory business.”

The first stage of the FundVest 200 rollout on the NetX360® platform will occur in the fourth quarter of this year and will allow advisors to view FundVest 200 funds. Each fund will have an accompanying report and Lockwood, in conjunction with the BNY Mellon Manager Research Group, will reevaluate the list on an ongoing basis. Lockwood will also host a periodic advisor call to discuss the FundVest 200 investment selections. In early 2014, Pershing expects to expand the FundVest 200 universe to encompass approximately 200 funds from approximately 40 investment categories, including non-traditional asset classes. No FundVest mutual funds managed by BNY Mellon affiliated investment managers were considered for inclusion in FundVest 200.

About BNY Mellon's Pershing

BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 6 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2017, BNY Mellon had $32.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.