The Bank of New York Company, Inc.'s Pershing Unit Adds Wilmington Trust to FundVest(R)

JERSEY CITY, N.J., Dec. 18  /PRNewswire-FirstCall/ -- Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has added Wilmington Trust's proprietary mutual funds to FundVest(R), Pershing's no-transaction-fee mutual fund platform.

Pershing's FundVest mutual fund platform offers investors access to over 1,800 mutual funds, managed by more than 160 fund companies. Through FundVest, investors can buy, sell or exchange an array of load and no-load mutual funds without incurring regular transaction fees.

Wilmington Trust's funds are available to Pershing's introducing-broker dealer customers and the clients they serve, and to independent registered investment advisors and their clients through Pershing's affiliate, Pershing Advisor Solutions LLC.

Darryl Grayson, managing director and national sales manager at Wilmington Trust Investment Management, said, "FundVest is one of the most comprehensive no-transaction fee mutual fund platforms in the industry.  We are pleased to join FundVest and look forward to offering our funds within Pershing's growing mutual fund platform."

Ron Fiske, managing director of the product management and development group at Pershing, said, "The addition of Wilmington Trust's funds to FundVest underscores our continued commitment to deliver industry-leading products, services and solutions to our customers."

Wilmington Trust Corporation (NYSE:WL) is a financial services holding company that provides regional banking services throughout the Delaware Valley region, wealth advisory services for high-net-worth clients in 22 countries and corporate client services for institutional clients in 81 countries.  Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware.  Wilmington Trust Corporation and its affiliates have offices in California, Connecticut, Delaware, Florida, Georgia, Maryland, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin and Frankfurt.  For more information, visit http://www.wilmingtontrust.com/

Pershing LLC is a leading global provider of clearing and financial services outsourcing solutions to more than 1,100 institutional and retail financial organizations and independent investment advisors who collectively represent nearly six million individual investors.  Located in 18 offices worldwide, Pershing provides customers with innovative technology solutions and a wide range of value-added products and services, including asset- gathering products and managed account services, extensive trading and financing capabilities, and web site development.  Pershing LLC (member NYSE/NASD/SIPC) is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange.  Pershing LLC is a subsidiary of The Bank of New York Company, Inc.  Additional information is available at http://www.pershing.com/.

Pershing Advisor Solutions LLC is an affiliate of Pershing LLC and a leading provider of financial services outsourcing solutions to independent, fee-based registered investment advisors and dually-registered advisors working in conjunction with many of Pershing LLC's introducing broker-dealer customers.  Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has a 65-year heritage of providing custodial services and outsourcing solutions to many of the world's leading financial services organizations. Through an innovative custody platform, Pershing Advisor Solutions delivers superior expertise and scalable and customizable solutions to help manage and grow fee-based businesses.  Additional information is available at http://www.pershingadvisorsolutions.com/.

The Bank of New York Company, Inc. (NYSE:BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide.  The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking.  The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations.  Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide.  Additional information is available at http://www.bankofny.com/. 

DATASOURCE: The Bank of New York Company, Inc.



CONTACT:  Barbara Gallo, [phone]



Web site:  http://www.bankofny.com/

http://www.wilmingtontrust.com/

http://www.pershing.com/

http://www.pershingadvisorsolutions.com/ 

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