Deals & People July 18, 2007

BISYS and Pentegra Retirement Services to Bring Open Architecture to Advisers

Recordkeeper and plan administrator BISYS Retirement Services and Pentegra Retirement Services, a retirement plan provider, are collaborating to distribute BISYS’s LinkInsight open architecture investment platform to financial advisers.
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According to a press release about the alliance, the model allows third party administrators (TPAs) and financial advisers to work together to provide retirement plan solutions to plan sponsors and their participants. The model includes plan installation and conversion support, daily valuation and recordkeeping, Web-enabled access to information, and a suite of sponsor-and participant-directed services, communications, education and support.

“Through this mutually beneficial arrangement, financial advisors can leverage BISYS’ LinkInsight platform and Pentegra’s combined defined benefit and defined contribution plan experience to offer an integrated retirement plan solution,” said Charles Wenzel, senior vice president at BISYS Institutional Sales, in the press release.

Pentegra oversees the retirement programs of more than 600 community banks, credit unions and other small businesses representing over $4.3 billion in assets under administration.

For more information, visit http://www.bisysretirement.com/.

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