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    JERSEY CITY, N.J., Jan. 30 /PRNewswire-FirstCall/ -- Pershing LLC, a
 subsidiary of The Bank of New York Company, Inc., has added Putnam
 Investments 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.
     Putnam Investments' 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.
     Jeff Aaron, senior vice president and senior relationship manager for
 Putnam Retail Management, said, "FundVest is widely acknowledged as one of
 the most comprehensive and premier no-transaction fee mutual fund platforms
 in the industry. We are pleased to join FundVest and look forward to
 offering our funds to a broad array of advisors and investment
 professionals."
     Ron Fiske, managing director of the product management and development
 group at Pershing, said, "Putnam Investments is one of the largest and most
 highly regarded money management firms in the United States. We are excited
 about adding such a high caliber institution to our growing FundVest
 platform and remain committed to providing our customers and the clients
 they serve with services that help them enhance their competitive
 positioning."
     Founded in 1937, Putnam Investments is one of the nation's oldest and
 largest money management firms. At the end of December 2006, Putnam had
 $192 billion in assets under management. Mutual fund assets were $124
 billion and institutional assets were $68 billion. Putnam has offices in
 Boston, London and Tokyo. For more information, go to www.putnam.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 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 67-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 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 www.bankofny.com.
 
 

SOURCE The Bank of New York Company, Inc.