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Pershing LLC, a BNY Mellon company, today announced it has added new advisory and institutional share classes from nine fund families to its FundVest® no-transaction-fee mutual fund platform. The latest additions to FundVest enable advisors to provide investors with more choices of no-transaction-fee funds. Pershing has responded to client and investor demand for more choice and lower-fees by adding 435 lower cost advisory and institutional class funds this year including 271 funds from the new mutual fund families announced today. This increases the total number of advisory and institutional share class funds in the FundVest Institutional program to 1,385 from 950 representing a total of 24 fund families. "We're seeing a growing number of firms migrating from the retail share class to less-expensive institutional shares in advisory programs, with particular interest in a no-transaction-fee platform," said Sandy Bolton, managing director of financial solutions at Pershing. "These share class additions to FundVest translate into a true competitive advantage for Pershing clients since it is uncommon for institutional and advisory share classes to be offered on a no-transaction-fee platform. We are also pleased to see FundVest cross the $100 billion asset level, a strong indication of the growing interest in the no-transaction-fee platform." The new additions to FundVest include share classes from: 361 Capital Baron Deutsche Funds Hartford Funds Forward Legg Mason Pacific Life Pear Tree Prudential Investments "The new additions to FundVest reflect Pershing's long-term commitment to offering solutions that meet the evolving needs of clients as they continue to develop their advisory businesses," said Bolton. "We expect to continue adding more funds in the future." Through the FundVest platform Pershing clients have access to FundVest 200™, a research-driven list of no-transaction-fee funds and accompanying research reports. FundVest 200™ represents approximately 40 investment categories, including non-traditional liquid alternative asset classes. The list is designed to help advisors with fund selections in the rapidly growing rep-as-portfolio manager programs. To learn more about Pershing's latest offerings, or more information on the existing advisory and institutional fund classes already on FundVest, visit: http://www.pershing.com/broker_dealer/investment_solutions/fund_solutions.html.