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The Bay Ridge Group Implements Wealth Management Systems' Mandatory Rollover Program

Holgate, NJ (June 20, 2005) - Wealth Management Systems Inc., a leading provider of rollover solutions in the financial services industry, announced today that The Bay Ridge Group, an independent employee benefit consulting firm specializing in Health & Welfare and Retirement Plans, will adopt WMSI's Mandatory Rollover Program to address regulatory requirements relating to mandatory rollovers. The program provides Bay Ridge's clients with an end-to-end mandatory rollover solution and access to the premiere IRA services of E*TRADE Securities LLC. WMSI and The Bay Ridge Group will begin processing mandatory rollovers in late August.

Within the Mandatory Rollover program, distribution processes are streamlined and IRA account openings are automated to facilitate the bulk transfer of participant accounts under $5,000. This affords Plan Sponsors the flexibility to define their processing schedules relative to plan requirements and account valuations. The automation also ensures that all IRAs are opened in real time and funded electronically within 24 hours of opening. Through the Program, plan sponsors and fiduciaries will coordinate with The Bay Ridge Group to amend plan documents and coordinate participant notification mailings in compliance with safe harbor regulations.

"In defining a mandatory rollover solution for our clients, we felt it was imperative to leverage an integrated technology platform to realize processing efficiencies and gain the flexibility to accommodate rollovers for various plan types ", said Bob Sedor, Chief Executive Officer of The Bay Ridge Group. "The WMSI program is a no-fee solution that coordinates the Plan Sponsor enrollment process making the program very easy to administer on a larger scale while providing our clients with the flexibility to define processing parameters and to continue to manage the overall participant experience."

"Leveraging our technology is not only cost effective for Plan Sponsors, it also reduces their administrative burdens by providing the flexibility to schedule, process and automate IRA account openings across multiple plan types," said Tom Loch, President of Wealth Management Systems Inc. "Our platform enables plan administrators to address regulatory requirements, and manage plan administrative costs while preserving participant's long-term financial well being. We are very enthusiastic about working with an employee benefits organization like The Bay Ridge Group and welcome the opportunity to service their client base."

About Wealth Management Systems Inc.
Wealth Management Systems Inc. (WMSI) is a leading provider of rollover solutions and technology services within the financial industry. WMSI's Rollover Solutions Network® enables participants to facilitate electronic distributions in the form of IRA rollovers through participant Web and Call Center service channels. The Rollover Solutions Network® is quickly becoming the industry standard for automated distributions and IRA rollover processing.

Wealth Management Systems Inc. is a privately held technology company headquartered in Holgate, NJ. Additional information about the Company is available at www.wealthmsi.com.

About The Bay Ridge Group
The Bay Ridge Group is an experienced, independent employee benefit-consulting firm, specializing in Health & Welfare and Retirement Plans. The Bay Ridge Group has strategic alliances with numerous insurance, investment and technology companies, allowing them to offer the best solution for your specific needs. Their knowledgeable consultants custom design innovative, flexible plans exclusively for you. They supplement their design work with a family of support services that emphasize personal attention and administrative ease for the plan sponsor. Additional information about The Bay Ridge Group can be found at: www.bayridgegroup.com.

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