Wealth Management Systems, Inc. (WMSI) announced today that Inspira is being offered as an IRA Choice within its Automatic Rollover Program, expanding options for record keepers and plan sponsors managing rollover plan assets for missing and nonresponsive participants.
Pittsburgh, PA – August 15, 2012 – Wealth Management Systems, Inc. (WMSI),the leading provider of rollover services within the financial services industry, and Inspira, the industry’s premier provider of independent IRA services, announced today that Inspira’s Total IRA™ is currently being offered through WMSI’s Automatic IRA Rollover Program. The Total IRA™ option features a competitive guaranteed return in excess of current money market rates which, when offered in combination with WMSI’s expert administration and automated account processing capabilities, will be a winning combination for both record keepers and plan sponsors.
"Total IRA™ not only offers a default investment that enables even small involuntary accountholders to continue to grow assets but also gives those accountholders the opportunity to diversify that original investment into over 30 mutual funds screened and monitored by an independent investment advisor," said Inspira founder Lowell Smith Jr. "Our goal is to focus on the needs of these low balance accountholders, giving plan fiduciaries the ability to feel comfortable in their fiduciary decision to use Total IRA™ as their Automatic IRA Rollover Solution."
For WMSI, the partnership expands IRA choices for clients and prospects and provides access to a unique default fund investment.
"Managing the accounts of terminated employees can be a real administrative burden – one that increases plan costs and potential liabilities for plan sponsors," stated John Geli, WMSI’s Chief Executive Officer. "Our automatic rollover program is designed to alleviate these burdens by automating administration and account opening processes and by offering a choice of IRA options. Through our partnership with Inspira, our clients gain access to an additional, unique automatic rollover option that we can offer to our rapidly expanding client-base."
About Inspira Based in Pittsburgh, PA, Inspira was founded in 2002 and provides bundled providers, recordkeepers, third party administrators, financial advisors, affinity groups, broker dealers, CPAs and payroll companies with turnkey, cost-eliminating IRA solutions. Total IRA™ is a registered trademark of Inspira.
For more information about Inspira, contact: Mark Fleckenstein Director of Marketing InspiraFS, Inc. email@example.com (412) 491-1597
About Wealth Management Systems Inc. (WMSI) Wealth Management Systems Inc. is the leading provider of technology based rollover services within the financial services industry. WMSI’s platform significantly streamlines the rollover process for participants while addressing the unique needs of IRA Providers, Financial Advisors, TPAs, and Plan Sponsors. Additional information about WMSI is available at www.wealthmsi.com.