BISYS says New York-based Manning & Napier Advisors has renewed its mutual fund administration outsourcing contract with the company. BISYS provides Manning & Napier Advisors’ mutual funds; Exeter Fund, Inc.; and the Exeter Trust Company Collective Investment Funds with outsourcing services. BISYS will continue to support these funds, which collectively represent approximately $1.44 billion in assets and more than 25,000 investor accounts, with fund accounting and transfer agency services. Through its Financial Research Corporation (FRC) subsidiary, BISYS also will continue to provide market analytics, advanced research, and customized consulting services that assist in the development and distribution of financial products and services.
“It is rewarding that BISYS’s proven industry expertise, ever-expanding suite of back-office and distribution services, and commitment to outstanding customer care were key factors in this valued client’s renewal decision,” says Fred Naddaff, president of BISYS Fund Services. “We welcome the opportunity to continue serving this progressive firm, and we are confident that our resources and strict focus on client satisfaction will continue to proactively support Manning & Napier Advisors’ growth and service goals.”