Pershing LLC, a member of BNY Securities Group and subsidiary of Bank of New York Co. Inc., said Tuesday that it had added Clipper Fund Inc. to its FundVest no-transaction-fee mutual fund program.
The FundVest program offers investors access to more than 1,700 mutual funds, managed by nearly 150 fund companies, Pershing said. Through FundVest, investors can buy, sell, or exchange an array of load and no-load mutual funds without incurring regular transaction fees.
Pershing is a provider of clearing and financial services outsourcing solutions to nearly 1,100 institutional and retail financial organizations and independent investment advisers who collectively represent nearly six million individual investors. Clipper Fund is advised by Davis Selected Advisers LP.
