According to a company press release, the new subsidiary will refer IRA products to sponsors of qualified retirement plans and third party administrators that are customers of Wealth Management Systems.
The company will also provide the necessary administrative support for those customers. Its sales group will be expanded and a call center staffed by registered representatives will be created, according to the news release.
Call center representatives will provide information on the IRA providers in the Wealth Management Systems IRA Rollover Marketplace and will have the ability to assist with IRA account openings for participants.
WMSI provides rollover solutions and technology services in the financial industry. WMSI offers The Rollover Solutions Network, an automated system for distributions and IRA rollovers (See Companies Unveil Rollover, Distribution Platform ).
Information about the company can be found at www.wealthmsi.com .