Press Room

Envisage Joins WMSI's Rollover Solutions Network

Wealth Management Systems Inc. forms a strategic alliance with Envisage Information Systems LLC to provide rollover services.

Franklin Lakes, NJ (March 21, 2006) - Wealth Management Systems Inc., the leading provider of technology-based rollover products and services, announced today that they have formed a strategic alliance with Envisage Information Systems, LLC, a leading software development company specializing in web and back office solutions for the retirement industry.

Through the alliance, WMSI will integrate its Rollover Solutions Network (RSN) application within the Internet Servicing and Web Applications of Envisage Information Systems LLC. This integration will provide Envisage clients with direct access to a fully automated, end-to-end distribution and rollover processing solution that will significantly enhance their asset retention and rollover initiatives.

The alliance will provide mandatory rollover solutions as well as participant directed rollover services. Envisage clients will be able to promote proprietary IRA offerings, alliance partner IRA offerings or take advantage of the WMSI IRA Marketplace including: Ameritrade, American Century Investments, Entrust, E*TRADE Securities, Fidelity Investments, Hueler’s Income Solutions, Merrill Lynch, The Bancorp Bank and T. Rowe Price.

Expanding Client Services
"Our clients are continually looking for innovative solutions that can help them to retain and increase assets under management, " said Steff McGonagle of Envisage Information Systems LLC. "The Rollover Solutions Network addresses the connectivity issues between retirement and retail operating platforms enabling our clients to implement strategic rollover initiatives that address the specific needs of participants in a very cost effective manner. RSN makes it easier for our clients to gain access to participants at their point of distribution to attract and retain assets within IRA product offerings."

"At Wealth Management Systems we have been focused on the connectivity issues between recordkeeping and account opening systems for the past 36 months, " said Tom Loch, President of Wealth Management Systems, Inc. " Integrating RSN within the superior web and internet applications of Envisage leverages our technology platform to the fullest and creates a truly automated, paperless processing platform that transforms the level of products and services being made available to participants and plan sponsors today."

A key factor in WMSI's success is their ability to analyze participant data, and working with their partners, to institute marketing campaigns designed to educate participants on their distribution options and raise awareness of the rollover services available to them.

About Envisage Information Systems LLC
Envisage Information Systems, LLC, developer of the Enveritus (www.enveritus.com) suite of software products, has been providing web-based solutions for the retirement industry since 1994. Through this suite of web and process automation products, Envisage is enabling TPAs to provide superior web experiences for Plan Sponsors, Plan Participants, and Financial Consultants. Progressive firms are using Envisage’s expertise and products to free up in-house resources to focus on their core business and to automate labor-intensive functions such as Split, Loan and Distribution Processing. Currently more than 900,000 plan participants are hosted on Enveritus Financial Access Software (eFAS) technologies. For more information about Envisage’s comprehensive solutions visit www.envisagesystems.com or call (315) 497-9202 x30.

About Wealth Management Systems Inc.
Additional information about WMSI is available at www.wealthmsi.com. Financial services are provided through WMSI Securities LLC, a wholly owned subsidiary of WMSI and member FINRA/SIPC.

Back to Press Room

Contact Us
	Call
	Email