Wealth Management Systems | About Us

Home | Site Map | Contact Us

My Role

Products & Services

Clients & Partners

About Us

Our Company

WMSI's Team

Press Room

Press Room

WMSI is Roth Ready for 2010

Wealth Management Systems Inc. (WMSI) expands rollover services to include Roth IRAs.

Bedminster, NJ, (February 8, 2010) - Management Systems Inc. (WMSI), the leading provider of technology based rollover services in the retirement industry, announced today that ROTH IRAs are now one of the options available to participants rolling their retirement savings into IRAs. Through WMSI’s IRA Marketplace, participants can open ROTH IRAs right online and coordinate the direct transfer of their savings to the provider of their choice. WMSI has processed over $2 billion in participant rollovers since the launch of its IRA Marketplace program.

"Our recordkeeping partners rely upon us to create a competitive marketplace of IRA offerings for participants," said John Geli Chief Executive Officer of Wealth Management Systems Inc. "Adding ROTH IRAs broadens the choices available to participants through our marketplace where they can access educational content, shop and compare different product offerings, and take advantage of a very effective rollover transaction process that can reduce time out of market."

According to Scott Parry, Director, Hewitt Financial Services, "Hewitt’s Rollover Center has greatly simplified the rollover process for our clients and their participants. The expansion of WMSI’s IRA Marketplace to include ROTH IRAs will provide more options to better address the varying rollover needs and financial goals of all our participants."

"Educating participants and ensuring they have access to a full range of investment vehicles is key to helping keep them on track for retirement," said Dave Tolve, U.S. Retirement Business Leader for Mercer’s outsourcing business, also a WMSI recordkeeping partner. "The addition of ROTH IRAs to WMSI’s Marketplace is another step in providing this access and making it easy for participants to make rollover and investment decisions that meet their individual goals and personal circumstances."

WMSI launched its new ROTH IRA services in January of 2010. Both Hewitt Associates and Mercer currently offer WMSI’s IRA marketplace program as part of their retirement plan services offering.

About Hewitt Associates
Hewitt Associates (NYSE: HEW) provides leading organizations around the world with expert human resources consulting and outsourcing solutions to help them anticipate and solve their most complex benefits, talent, and related financial challenges. Hewitt works with companies to design, implement, communicate, and administer a wide range of human resources, retirement, investment management, health care, compensation, and talent management strategies. With a history of exceptional client service since 1940, Hewitt has offices in more than 30 countries and employs approximately 23,000 associates who are helping make the world a better place to work. For more information, please visit www.hewitt.com.

About Mercer
Mercer is a leading global provider of consulting, outsourcing, and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement, and other benefits. It is a leader in benefits outsourcing. Mercer’s investment services include investment consulting and multi-manager investment management. Mercer’s 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago, and London stock exchanges. For more information, visit www.mercer.com.

About Wealth Management Systems, Inc. (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 within the rollover marketplace. WMSI’s web and call center based applications are quickly becoming the industry standard for processing IRA rollovers and furthering asset retention and acquisition initiatives.

Back to Press Room