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Bisys Launches Indvidual(k) Advisor Registry Service

National, Internet-Based Database Links Small-Business Owners with Qualified Financial Intermediaries and Investment Product Providers

    
NEW YORK, NY, November 12, 2003 -- BISYS, a leading provider of business process outsourcing solutions for the financial services sector, has launched its Individual(k) Advisor Registry, a national database that connects small-business owners with financial advisors and brokers who consult on Individual(k) plan products. The Web-based service, which is available at www.Individual-k.com, is expected to increase awareness of this retirement plan alternative, and provide a beneficial new service to the thousands of financial advisors and small-business owners who currently access the Web site.

Increasing numbers of small-business owners are seeking the professional assistance of financial advisors to establish Individual(k) retirement savings plans. Based on a simple ZIP code search, the database system generates a complimentary listing of local financial advisors who deal with Individual(k) retirement plans. In addition to contact information, the database includes each participating advisor's credentials and a customized promotional message.

Participating financial advisors receive BISYS' comprehensive Individual(k) Sales Kit, which provides a variety of sales support tools including a multi-media tutorial, plan comparison calculators, scripted PowerPointTM presentations, and sample prospecting letters. BISYS also supports advisors with access to detailed information on more than 15 of the nation's leading Individual(k) plan providers and various investment products. Through a strategic alliance with Larkspur Data, one of the nation's leading providers of sales prospecting tools for financial advisors, BISYS also provides access to the nation's first Web-based Individual(k) prospecting tool, which includes detailed information on more than 200,000 highly qualified Individual(k) plan prospects.

According to Christopher Guarino, president of BISYS Retirement Services, "The Individual(k) Advisor Registry service is our latest initiative to support the tremendous opportunity we believe the Individual(k) plan market represents for both BISYS and our partners. We are dedicated to helping our clients acquire and retain retirement plan assets, and to developing the innovative products and services that support the evolving needs of our partners, financial intermediaries, and plan sponsors and participants. We believe the addition of the Individual(k) Advisor Registry service to our competitively distinct array of retirement services will enable our clients to accelerate the growth of their Individual(k) plan products by leveraging our industry expertise and leadership, and our extensive network of industry contacts. We also expect the one-stop resource for professional advice, access to competitive retirement plans, contemporary retirement planning tools, and real-time investment product information will prove to be extremely beneficial and convenient for the owners of small businesses as they evaluate the increasingly popular Individual(k) retirement savings alternative."

About BISYS Retirement Services

BISYS is the nation's largest independent administrator and recordkeeper for small and mid-size retirement plans, offering every component of a sophisticated retirement plan infrastructure, including prototype plan design and maintenance, plan administration, forms and documents, customized marketing and sales support materials, reference resources, a toll-free help line for ongoing access to industry expertise and assistance, Web-based planning tools and content, staff training and development, and a turnkey administration and recordkeeping solution for Individual(k) plans. Through its relationships with 40 institutional clients, BISYS' technology-driven retirement services support more than 17,000 company-sponsored 401k plans, representing approximately 1.5 million eligible employees. BISYS also supports approximately 400,000 employers and four million IRA holders with ERISA documents and related support services, and trains approximately 12,000 retirement industry professionals annually.

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