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BNY Mellon to provide services for Grail Advisors ETF Trust

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BNY Mellon Asset Servicing has been selected by Grail Advisors ETF Trust to provide exchange traded funds services for its family of active ETFs.

BNY Mellon Asset Servicing has been selected by Grail Advisors ETF Trust to provide exchange traded funds services for its family of active ETFs.

BNY Mellon will supply custody, fund accounting, fund administration, basket calculation, and transfer agency services for Grail Advisor’s multi-manager and single-manager strategies.

"We’re pleased to be working with BNY Mellon on our innovative new fund family, and we’re entirely confident in their support capabilities," says William M. Thomas, chief executive officer of Grail Advisors.

"Our funds use a fairly sophisticated approach to ETF construction that will combine the benefits of active management found in mutual funds with all the advantages of an ETF. In time, we expect to provide investors access to a wide range of investment styles."

"Our technology and client support were key to developing our partnership with Grail Advisors," says Joseph Keenan, managing director and head of relationship management for US asset services at BNY Mellon Asset Servicing.

"The breadth of our service offering, our consultative service model, the depth of our team, and our demonstrated passion for the ETF industry were all critical factors in their decision to select BNY Mellon."

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