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Wealth Management Systems Forms WMSI Securities LLC

Broadening capabilities to enhance alliance partnerships and the strategic growth of Wealth Management Systems Inc.

Holgate, NJ (July 21, 2005) - Wealth Management Systems, the first company to offer fully automated IRA rollovers in the retirement services industry, today announced the formation of WMSI Securities LLC, a registered broker/dealer, member of the Financial Industry Regulatory Authority (FINRA), and wholly-owned subsidiary of Wealth Management Systems Inc.

“WMSI Securities LLC is an important component in our growth strategy to expand our alliance partnerships in the industry by making it easier to work with FINRA member firms,” said Jude C. Metcalfe, Chief Executive Officer of Wealth Management Systems Inc. “WMSI Securities LLC will not provide rollover products as we are not in the business of competing with our customers. Rather WMSI Securities LLC will respond to required securities regulations, providing our clients with a higher overall level of security. It will also enable us to expand our client service offerings and provide more flexible, asset based fee arrangements.”

WMSI Securities LLC intends to expand its sales group and implement a call center staffed by registered representatives who will provide participants with objective information on the various IRA providers within the Wealth Management Systems IRA Rollover Marketplace. Call center representatives will also have the capability to facilitate real time IRA account opening on behalf of participants. They will also provide related administrative services necessary to support those customers.

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 WMSI Securities LLC
WMSI Securities LLC is a wholly-owned subsidiary of Wealth Management Systems Inc., a registered broker/dealer, and member FINRA/SIPC.

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