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National Planning Expands BISYS Relationship

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NU Online News Service, Aug. 4, 2003, 4:17 p.m. EDT – National Planning Holdings Inc., Santa Monica, Calif., has expanded its relationship with The BISYS Group Inc., New York.

BISYS will now supply life insurance products, long term care insurance products, disability insurance products, fixed annuities, sales support and back-office support for two National Planning broker-dealer affiliates, Investment Centers of America and INVEST Financial Corp., BISYS says.

The agreement also “formalizes” BISYS’ relationship with two other National Planning broker-dealers, National Planning Corp. and SII Investments, BISYS says.

National Planning manages a network of 2,600 independent investment representatives for Jackson National Life Insurance Company, Lansing, Mich.