Ameritrade Signs Agreement to use Wealth Management Systems'Rollover Solutions Network

September 20, 2004 ( - 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).

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.