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BNY Mellon to Provide Securities Lending to Motley Fool

Extends Fund Services Relationship 

BNY Mellon, a global leader in investment management and investment services, has extended its fund services relationship with Motley Fool Asset Management to include securities lending for its family of mutual funds with $575 million in assets under management.

BNY Mellon has been providing fund accounting, fund administration, transfer agency and custody for Motley Fool Asset Management since 2009, and the new agreement provides for BNY Mellon to continue providing these services.

"We have expanded our relationship with BNY Mellon because of its strong client services organization and its flexible technology," said Peter Jacobstein, president of Motley Fool Asset Management. "In addition, BNY Mellon provided crucial services that enabled us to launch our first fund in 2009 and provided important support as we added new offerings and grew our assets."

"We continue to invest in service capabilities and technology to meet client needs at a growing number of fund complexes," said Kenneth Roehner, managing director and head of U.S. financial institutions at BNY Mellon. "We see more groups step up their securities lending activities as the markets continue their recovery from the financial crisis of 2008."

BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.