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BISYS Wins Linsco Contract

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NU Online News Service, May 5, 2003, 1:19 p.m. EDT – Linsco/Private Ledger Corp., Boston, has hired BISYS Group Inc., New York, to help its 4,400 registered representatives sell life insurance, annuities, long-term care insurance, disability insurance and related products.

BISYS will provide sales support services, back-office support services, application-processing services and underwriting support, BISYS says.

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BISYS says it now helps more than 40 broker-dealers and about 45,000 registered representatives sell insurance.