BISYS(R) Tapped by NY and CA Investment Firms for Fund Support Services; Arrivato Advisors LLC and Bjurman, Barry & Associates Choose BISYS to Provide Mutual Fund Services.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BISYS, a leading provider of outsourcing solutions for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector, today announced new relationships with fund complexes Arrivato Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (New York, NY) and Bjurman, Barry & Associates (Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA). Both companies represent significant client wins for BISYS: for Arrivato, BISYS will provide services to support the launch of a new product to the US marketplace, whereas Bjurman, Barry, & Associates will utilize BISYS' full-service outsourcing offering including fund accounting, fund administration, transfer agency, distribution, legal, regulatory, and compliance services. Fred Naddaff, president of BISYS Fund Services, said, "We are pleased to be selected as the mutual fund provider of choice by Bjurman, Barry & Associates. After careful scrutiny of our service model, depth of resources, technological support, and fee structure, the company committed to the total BISYS enterprise of fund solutions. We are also very excited about our association with Arrivato Advisors. This pioneering firm is introducing a new concept in life-cycle, indexed investing, and we look forward to contributing to the success of that initiative." The Arrivato Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance U.S. Target Date Funds are the first indexed, life-cycle funds specific to the U.S. market. BISYS will serve as sub-administrator to these portfolios, providing transfer agency, fund accounting and compliance services. The Arrivato series of five portfolios - 2010, 2015, 2020, 2030, and 2040 - are designed for investors who have date-specific savings goals such as affording retirement, college or other life events. Using the Dow Jones U.S. Target Date Indexes as benchmarks, the Arrivato funds are unique in that they adjust their asset allocations over time, moderating potential risks as the target goal date approaches. They are slated to be open to investors in the fourth quarter of 2005. According to Eric Rubin, president of Arrivato Advisors, LLC, "Launching a series of new portfolios is a labor intense process. We chose BISYS to help us in this endeavor because they are among the industry's premier outsourcing providers. We can't afford to take chances with a firm that hasn't the expertise or resources that BISYS has." In support of its $620 million fund portfolios, Bjurman, Barry & Associates will employ BISYS' comprehensive range of administrative support for its family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". . G. Andrew Bjurman, president and chief executive officer of Bjurman, Barry & Associates, cited the client-centric service model among its primary reasons for selecting BISYS, "Accuracy, best practices and the efficiencies of our administrative services are key to the successful operations of our firm. We believe that BISYS possesses the service commitment, proven capabilities and resources to seamlessly administer the complexities of various fund operations." About Arrivato Advisors, LLC Arrivato Advisors, LLC is an SEC registered investment management firm, founded to serve as an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for both institutional and retail investors, including registered investment products. The company offers a wide range of domestic and fixed-income products and intends to be the first investment advisor of products based on the newly created Dow Jones U.S. Target Date Indexes. With more than 40 years of combined financial service experience, the firm's two senior officers founded Arrivato with the goal of offering quality investment products to reach specific objectives, while respecting unique time horizons and tolerances for risk. Additional information is available at www.arrivatofunds.com. About Bjurman, Barry & Associates Bjurman, Barry & Associates, formerly George D. Bjurman & Associates, was founded in Los Angeles, California in 1970. Since inception, Bjurman, Barry & Associates has specialized in the management of investment portfolios for corporate pension and profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of plans, jointly trusteed and union pension plans, states and municipalities, foundations, endowment funds Endowment funds Investment funds established for the support of institutions such as colleges, private schools, museums, hospitals, and foundations. The investment income may be used for the operation of the institution and for capital expenditures. , and individuals. With no affiliations with corporate, banking, or insurance organizations, Bjurman, Barry & Associates is jointly owned by the Senior Associates of the firm. The assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. are divided among equity, fixed income, and balanced portfolios. Additional information is available at www.bjurmanbarry.com. About BISYS The BISYS Group, Inc. (NYSE NYSE See: New York Stock Exchange : BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin ) provides outsourcing solutions that enable investment firms, insurance companies, and banks to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , disability, and annuity products. BISYS' Information Services See Information Systems. group provides industry-leading information processing, imaging, and back-office services to banks, insurance companies and corporate clients. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission. |
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