BISYS To Distribute Funds Of Fund Administration Clients To RIAs In The US

BISYS has unveiled its new AdvisorAdvantage suite of services, which will screen for top-performing mutual fund candidates among the clients of BISYS Fund Services. Once qualified, BISYS will then actively market the funds to Registered Investment Advisors (RIAs) who invest through mutual fund platforms sponsored by broker-dealers and other financial intermediaries. As part of this program, BISYS, on behalf of the qualified funds, will also obtain favorable pricing concessions from platform sponsors on the set up fees they charge funds on the platform, according to a press release.