Products September 20, 2004
Ameritrade Signs Agreement to use Wealth Management Systems'Rollover Solutions Network
September 20, 2004 (PLANSPONSOR.com) - Ameritrade
Corporate Services (ACS) announced that it has signed an
agreement with Wealth Management Systems Inc. (WMSI) to use
the latter's Rollover Solutions Network (RSN).
Reported by Kip McDaniel
In a press release, ACS stated that, with the help of RSN, it now has the capability to provide automated IRA rollover account services for participants in retirement plans across numerous recordkeeping platforms.
It will also, the news release stated, help get rid of paperwork as well as start accounts electronically that will fund any new account within four days. The service will be available beginning this fall.
ACS provides self-directed brokerage services to employees, directly or through partnerships with benefits administrators such as 401(k) plan providers and benefits consultants.