Wealth Management Systems | Mandatory & Terminated Plan Rollovers

Home | Site Map | Contact Us

My Role

Products & Services

Clients & Partners

About Us

Mandatory & Terminated Plan Rollovers

Rollover Solutions Network

Advisor Referral Network

Retirement Planning Calculators

Consulting

Choice of IRA Providers

WMSI provides a choice of IRA providers to address your investment needs:

	The Bancorp Bank	E*TRADE Financial	Matrix/MG Trust Company LLC	Merrill Lynch	Millennium Trust Company
Account Minimum	None	$1,000	None	None	None
Accepts Lost Participant Balances	Yes	Yes	Yes	Yes	Yes
Default Investment Vehicle	FDIC Insured Money Market Account	Extended Insurance Retirement Sweep Deposit Account – FDIC Insured Bank Savings Deposit account	FDIC Insured Money Market Account	FDIC Insured Money Market Account	FDIC Insured Money Market Account
Other Participant Investment Options	CDs	Full range of investment vehicles – mutual funds, stocks, bonds, etc.	No alternative investments	Full range of investment vehicles – mutual funds, stocks, bonds, etc.	Stocks, Bonds, CDs, Open Architecture Mutual Funds, Alternative Investments
Plan Sponsor Fees	None	None	None	None	None
Participant Enrollment Fee	None	None	$15	None	None
IRA Annual Custodial Fee	$10	None	$50	$35	$15

Securities products and services offered by E*TRADE Securities LLC, Merrill Lynch Pierce Fenner and Smith Incorporated, both members FINRA/ SIPC. Securities products offered by The Bancorp Bank, an FDIC insured commercial bank, and by Matrix/MG Trust Company LLC and Millennium Trust Company, both state chartered trust companies utilizing FDIC bank money market vehicles. Financial services to these firms are provided by WMSI Securities LLC, a wholly owned subsidiary of WMSI and member FINRA/ SIPC. The Bancorp Bank, E*TRADE Securities LLC, Merrill Lynch Pierce Fenner and Smith Incorporated and Millennium Trust Company are all separate and unaffiliated companies. WMSI Securities LLC, and Matrix/ MG Trust Company LLC are separate companies related through common control but not affiliated with the other named companies.