DST Retirement Solutions in Strategic Alliance With Wealth Management Systems, Inc.
Relationship provides enhanced strategies and solutions to help providers, sponsors and participants maximize, rollover opportunities
QUINCY, Mass., Nov. 8, 2011 /PRNewswire/ -- DST Retirement Solutions, the leading provider of ASP and BPO defined contribution solutions, and Wealth Management Systems Inc (WMSI), the leading provider of rollover services within the financial services industry, are pleased to announce an alliance designed to provide expanded rollover service options to DST clients.
Through integration within DST's recordkeeping platform, WMSI's integrated suite of rollover services can be efficiently deployed to capitalize on rollover and asset retention opportunities. Such services include:
- Rollover Solutions Network: a web-based rollover application that helps streamline the rollover process and makes IRA services accessible to participants at the plan level.
- Call Center Application: aggregates and plans participant and advisor data across multiple platforms providing representatives with full rollover servicing capabilities.
- Advisor Rollover Network: enables advisors to target market rollover services to select plan participants across their plans and manage direct rollover referrals.
- Automatic Rollover Program: provides plan sponsors with a streamlined solution for administering force-out provisions and plan terminations.
According to Joe Rathgeb, Chief Development Officer for DST Retirement Solutions, "The relationship with WMSI is in complete alignment with our business strategy to provide clients with access and connectivity to industry leading providers of specialized services - services we believe are critical to maximize retirement and rollover opportunities. Rollovers are an integral part of an overall solution that helps clients retain assets while extending their relationships with participants after the accumulation phase. The synergies between our organizations are high as we both provide choice and flexibility to our customers."
"We are thrilled to forge this relationship with DST Retirement Solutions. DST is one of the leading solution providers in the retirement industry and we are excited to collaborate with them to integrate data across multiple sources and efficiently deliver rollover services to a broad network of clients and participants," said John Geli, WMSI's Chief Executive Officer. "This multi-channel service offering allows clients to create customized rollover platforms to expand their business and revenue opportunities."
About DST Retirement Solutions, LLC
DST Retirement Solutions offers one of the broadest arrays of high-value retirement outsourcing solutions for financial organizations distributing retirement investment products and serving their customers' retirement needs. Financial service companies, such as mutual funds, banks, insurance companies and third-party administrators, benefit from our flexible service model that utilizes an end-to-end technology solution and provides support for financial intermediaries. Servicing 4.5 million participants, DST Retirement Solutions supports any plan size and investment vehicle. DST Retirement Solutions is a wholly owned subsidiary of DST Systems, Inc.
About Wealth Management Systems Inc. (WMSI)
Wealth Management Systems Inc. is the leading provider of technology-based rollover services within the financial services industry and is connected to recordkeeping platforms servicing over 12 million participants today. WMSI's platform significantly streamlines the rollover process for participants while addressing the unique needs of IRA providers, financial advisors, TPAs, and plan sponsors. Additional information about WMSI is available at www.wealthmsi.com.
Press Contact
Larry Stephenson
Media Relations
816-843-9087
[email protected]
SOURCE DST Retirement Solutions
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