BISYS, a provider of outsourcing solutions for the financial services sector, announced that Fifth Third Asset Management (FTAM), selected BISYS as their partner to administer their separately managed accounts (SMA) program. BISYS’
WealthSolutions” offering is specifically designed for the SMA marketplace and provides a suite of middle-and back-office services that enable asset managers to focus their efforts on the manufacturing and distribution of portfolio products as well as concentrate on building and retaining relationships.
“The SMA marketplace is a strategic growth area for our business,” said Christopher J. Bell, Chief Operating Officer of FTAM. “As we reviewed potential partners, it was apparent that the combination of BISYS’ superior service, comprehensive technology solutions, and single focus on providing business solutions to the financial services marketplace provided the ideal partnership to help us achieve our goals. BISYS’ platform gives us the necessary flexibility to manage and expand our current sponsor relationships, and develop new ones.”
Clients in the SMA utilizing WealthSolutions receive benefits that include a platform that delivers consolidated portfolio management and operating information.