WMSIs Rollover Solution Network to Include Annuity Product Access

November 29, 2004 (PLANSPONSOR.com) - Wealth Management Systems Inc (WMSI) has announced that it will integrate its Rollover Solutions Network application with Hueler Investment Services' Income Solutions application to make immediate fixed annuities available to retirement plan participants.

The new offering would be available via an IRA rollover, according to a company press release, and participants will now be able to process their distribution and convert a part or whole amount of their retirement account balance into an immediate fixed annuity product from Hueler.

The goal of the system, WMSI stated, was to enable third-Party administrators (TPA) and plan sponsors to provide participants with access to a product that is becoming more popular with future retirees.

The Rollover Solutions Network (RSN) provides for the ongoing reporting of distribution and rollover activity and can automate strategic marketing campaigns designed to raise awareness of rollover services and influence participant distribution behavior.  WMSI has signed agreements during the past year with  Ameritrade E*Trade T. Rowe Price , ExpertPlan , and  Merrill Lynch , and first launched the service with  BISYS last January.   

WMSI ( www.wealthmsi.com ) is a provider of technology-based rollover products and services. Hueler Investment Services is a part of Hueler Companies, which is a technology and data research firm.