Home
|
Contact Us
|
Site Map
| Search:
Technological Vision
Background & Philosophy
Our Team
Client & Partners
Press Room
Contact Us
ACS and Wealth Management Systems Inc. to Offer Enhanced IRA and Annuity Services
DALLAS, TEXAS: November 6, 2007
- Affiliated Computer Services, Inc. (ACS) announced today that it will leverage the technology of Wealth Management Systems Inc. (WMSI) to offer an innovative suite of distribution options that allow retirement plan participants to research and select the financial institution to which they will roll over their retirement assets.
The enhanced IRA and annuity services are available to companies with defined contribution plans and are the latest advancement in ACS’ retirement administration capabilities. A natural expansion of the company’s innovative human capital management solutions, the new ACS offering works jointly with client company websites to help plan participants evaluate a variety of IRAs, make a selection, and open an IRA account in real time.
“Because employees continue to be increasingly mobile, making their retirement assets easily transportable is more important than ever,” said Don Bartolai, ACS vice president, Global Benefits Outsourcing, Human Capital Management Solutions. “With this offering, we have created a centralized IRA marketplace, where participants can compare various IRA options and choose providers that meet their retirement needs. This allows plan sponsors and administrators to facilitate a simple decision-making process and allows participating employees to pursue a more secure retirement.”
Through cost-effective, real-time, and paperless retirement account management, ACS’ integrated web-based interface, powered by WMSI, significantly enhances the support and services available to retirees or former employees when they need it most. The platform also provides retirees with the option of purchasing lifetime income annuities through Income Solutions®, an annuity purchase program of Hueler Investment Services, Inc. Income Solutions® allows modeling of various immediate annuity scenarios, requesting quotes that reflect institutional pricing, and selection of an annuity provider through a competitive quoting process.
“Navigating the typical IRA rollover process is a complex and time-consuming transaction for most participants,” commented John Geli, chief executive officer of Wealth Management Systems Inc. “ACS’ state-of-the-art solution driven by WMSI technology not only automates the rollover process, but makes rollover services immediately accessible to participants at the plan level, empowering them to make better investment decisions regarding their long-term financial well-being.” Bartolai added that by providing access to annuity decision-making tools and competitive annuity pricing via Income Solutions®, ACS is helping participants avoid outliving their retirement assets. “The steady income stream of a traditional pension plan is available to fewer and fewer employees today,” he noted. “Therefore, it is critical to provide the resources employees need to make smart retirement decisions that help them achieve their long-term retirement goals.” WMSI is the leading provider of technology-based rollover services in the financial services industry. Financial services are provided through WMSI Securities LLC, a wholly owned subsidiary of WMSI and member FINRA/SIPC. Additional information about WMSI is available at www.wealthmsi.com.
ACS, a global FORTUNE 500 company with 60,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company’s Class A common stock trades on the New York Stock Exchange under the symbol “ACS.” ACS makes technology work. Visit ACS on the Internet at
http://www.acs-inc.com
.
The statements in this news release that do not directly relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company’s control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the company’s prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
ACS and WMSI are separate and unaffiliated entities.
Back to Press Room
Press Release Archives
Looking for a press release? Please select from the archives below:
Press Room 2006/2007
Press Room 2005
Press Room 2004
Press Room 2003
Privacy Policy
| Copyright © Wealth Management Systems Inc.