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BNY Mellon to provide custody for Texas and Oklahoma ETFs


BNY Mellon Asset Servicing has been selected by Geary Advisors to provide custody, fund administration, fund accounting and transfer agency services for the Oklahoma Exchange-Traded Fund and the Texas Large Companies Exchange-Traded Fund.

The funds are the first two ETFs to focus on businesses in specific states.

Geary Advisors, part of The Geary Companies, is the investment adviser for both ETFs.

"We are impressed with the high quality of the services that BNY Mellon provides for ETFs," says Keith Geary, chairman of The Geary Companies. "BNY Mellon is providing us with customized services that enable us to offer these targeted, innovative ETFs to the investment community."

"We are seeing heightened interest in ETFs, as investors demand a cost-effective method to target an increasing number of market niches," adds Joseph Keenan, managing director and head of relationship management for financial services companies at BNY Mellon Asset Servicing. "We are investing in the technology required to deliver ETFs that are easily scaleable for both active and passive investors."

BNY Mellon Asset Servicing offers clients a broad spectrum of asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

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