Bisys in New York announced Monday that Fiduciary Asset Management LLC has chosen it as an outsourcing partner for a separately managed accounts program.
Bisys' WealthManager product, which is designed for the managed account marketplace, offers a suite of middle- and back-office services that enable asset managers to focus their efforts on managing portfolio assets and building relationships with distributors.
WealthManager brings to the managed account marketplace Bisys' outsourcing expertise, infrastructure investments, and experience in developing policies and procedures. Customers get a platform that delivers consolidated operating information, facilitates customization, and connects managers to their sponsor base in real time.
Bisys supplies outsourcing solutions to investment and insurance companies and banks. Its investment services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, and other investment products.
Through its insurance services group, it distributes commercial property/casualty, long-term-care, disability, and annuity products.
