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BISYS Acquires Advance Planning Support Firm

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A financial services support company is scooping up a firm that helps wirehouse and broker-dealer reps sell complicated life insurance arrangements to wealthy clients.

BISYS Group Inc., Roseland, N.J., has acquired the firm, TIME Financial Services Inc., Woodland Hills, Calif., for a price that was not disclosed.

BISYS says it will run TIME, a 25-year-old firm that has more than 100 employees, together with its LifeSource unit, which has 38 employees.

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