First of America Corp.'s proprietary mutual fund family has renewed a mutual fund distribution and administration contract with The Bisys Group Inc.
As part of the deal, the Parkstone Funds and Kalamazoo, Mich-based First of America also will expand the suite of services they obtain from Bisys.
Specifically, it will finance sales commissions for B shares of the Parkstone funds, which have back-end sales loads. Additionally, the Little Falls, N.J., firm will help First of America sell and track investor records for a new 401(k) retirement service.
- Compiled by William Plasencia and Barton Crockett