BISYS, a leading provider of business process outsourcing solutions for the financial services sector, has been selected to support Texas-based Capstone Asset Management Company and its mutual fund family, which consists of seven funds with approximately $290 million in assets under administration. BISYS will support the fund family with accounting, financial administration, and transfer agency services.
Edward Jaroski, president of Capstone Asset Management Company, said, "We are excited about the opportunity to leverage BISYS’ industry-leading products and services, technology, and expertise to support our growth goals and to maximize the ongoing opportunities to enhance shareholder service. We believe BISYS is strategically positioned to support these growth and service initiatives with a sophisticated outsourcing platform that is efficiently and effectively supporting some of the industry’s leading investment firms, their contemporary investment products, and their valued investors. We are confident that entrusting our mission-critical fund accounting, fund administration, and transfer agency services to BISYS will enable us to focus more time, attention, and resources on our asset generation and retention strategies."
According to Fred Naddaff, president of BISYS Fund Services, "Capstone Asset Management selected BISYS based on the quality of our services, and our ability to support its growth plans. We believe that these fundamentals of our business are among the primary reasons why the funds under our administration have grown from approximately 500 to more than 1,600 during the past five years, and the respective assets under administration have grown approximately 263 percent during the same time period."
George Evans, executive vice president of business development for BISYS Investment Services, added, "We believe that BISYS has several key points of competitive differentiation, which include the breadth and sophistication of our product and service offering, our ongoing integration of advancing technology, our expertise in the disciplines inherent in the investment industry, our strategic focus on regulatory and compliance services, and our company-wide commitment to outstanding service and client care. It is extremely rewarding that each new fund complex we add to our client roster further validates these hallmarks of our competitive positioning."