Fifth Third Asset Management Inc. announced Wednesday that it had chosen Bisys to administer its separately managed account program.
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New York-based Bisys said its WealthSolutions platform offers a suite of middle- and back-office services that enable asset managers to focus on the manufacturing and distribution of portfolio products as well as to concentrate on building and retaining relationships.
The platform delivers consolidated portfolio management and operating information.
Fifth Third Asset Management, a wholly owned subsidiary of Fifth Third Bancorp in Cincinnati, supplies investment advisory services to institutional investors, private accounts, and mutual funds. At June 30, it had $21 billion of assets under management.
