There's still no word on who will fill Sandy Bolton's old shoes at Pershing. In March MFWire reported that Bolton, formerly managing director of investment solutions and Albridge Analytics at Pershing, was returning to Merrill Lynch to take on a similar job.

Thomas P. Sholes Pershing Managing Director, Head of Financial Solutions

Three months have passed, and fundsters at Pershing's 2015 INSITE advisor conference earlier this month were still wondering who would be their new Pershing honcho to replace Bolton. Indeed, a spokeswoman for Pershing tells MFWire that there are "no new updates on that front" and declined to comment for this story.

MFWire could not reach managing director Tom Sholes, head of Pershing's financial solutions group, for comment for this story.

Pershing, a BNY Mellon subsidiary, is a clearing giant and a key ally for broker-dealers and RIAs. Last year Pershing rolled out, and even prepared to tweak, its FundVest 200 list, a kind of outsourced select list that Pershing's B-D and RIA clients can use instead of building their own. Your funds have to be on Pershing's NTF (no transaction fee) platform to be considered for the FundVest 200, yet the Pershing mutual fund platform folks (including Bolton when she was there) have no part in the selection process, which is handled by others within the BNY Mellon family of companies. 

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