WMSI Enters Strategic Partnership With IRA Solutions Provider Inspira

PITTSBURGH, April 15 /PRNewswire/ -- Inspira, a Pittsburgh-based provider of private labeled IRA solutions, entered into a strategic alliance with New Jersey's Wealth Management Systems Inc. (WMSI).

This alliance, entered into on April 8, expands WMSI's product offering to include private labeled IRA solutions  and further cements Inspira's place as the industry's premier independent, private-labeled IRA provider for TPAs, Advisors, Banks, Broker-Dealers and Mutual Fund Companies nationally.

"We are very excited to be working with WMSI," said Inspira founder Lowell Smith Jr. "The addition of an organization of their stature greatly enhances our national distribution and further demonstrates the need for Inspira's one-stop, private labeled IRA solution in the retirement industry."

For WMSI, the Inspira partnership will provide clients with the flexibility to create proprietary IRA products that can be marketed to participants directly through WMSI's existing Rollover Solutions Network (RSN). These clients will have the ability to capture IRA rollover assets in their own IRA product utilizing WMSI's TPA Network platform and seamless interface with Inspira's private label IRA solution.

"We believe in offering our clients a broad choice of IRA solutions so they can customize their rollover servicing strategies to meet their specific business needs," stated John Geli, WMSI CEO.  "Through our alliance with Inspira, WMSI can now support clients in the development and distribution of their own unique IRA product offering that can drive recurring revenue."

WMSI's alliance with Inspira provides WMSI clients with a total comprehensive back office IRA solution, which includes an IRA Web portal, call center, recordkeeping and outreach marketing program private labeled under the Client's brand.  Additionally, WMSI clients have the ability to customize their IRA investment program, including creating and managing asset allocation models, all in an open architecture fund environment.

About Inspira:

Based in Pittsburgh, PA, Inspira was founded in 2002 and provides third party administrators, financial advisors, affinity groups, broker-dealers, CPAs and payroll companies with turnkey, cost-eliminating IRA solutions.

About WMSI:

Wealth Management Systems Inc. is the leading provider of technology based rollover services within the financial services industry. WMSI's platform significantly streamlines the rollover process for participants while addressing the unique needs of IRA Providers, Financial Advisors, TPAs, and Plan Sponsors. WMSI's platform is becoming the industry standard for processing IRA rollovers and furthering asset retention and acquisition results.

SOURCE Inspira