is diving into the no transaction ETF space.
The broker-dealer and RIA clearing and custody giant is launching
the FundVest ETF
platfrom, Pershing CEO Lisa Dolly
reveals this morning on the main stage at Pershing's 2017 Insite
conference in San Diego. FundVest ETF, like Pershing's FundVest
mutual fund platform, will be an NTF platform, allowing advisors with Pershing's B-D and RIA clients to trade ETFs without paying transaction fees.
Right out of the gate, 120 ETFs from seven different asset managers will be available through FundVest ETF, Dolly tells the 2,000-plus attendees at Insite. She did not identify which ETF shops are involved, but word is that Pershing will reveal more FundVest ETF details later today.
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