DST Systems completes acquisition of Wealth Management Systems

DST Systems, Inc. (NYSE: DST), a global provider of strategically unified data management, business processing, and customer communication solutions, today announced it has completed the previously announced acquisition of retirement plan rollover specialist Wealth Management Systems Inc. (WMSI).

New York-based WMSI, a leading provider of retirement plan rollover technology, content and communications, and practice management solutions to the financial services industry, is connected to recordkeepers servicing over 33 million participants and provides automatic rollover services to over 25,000 plan sponsors.

"I'm confident that recordkeepers, sponsors, asset managers, TPAs, and financial advisors working in the retirement space will benefit from the remarkable synergy between DST and WMSI," said Jude Metcalfe, president of DST Retirement Solutions. "Our combined resources, capabilities, and commitment promise to bring an unmatched opportunity for our clients to grow and retain retirement assets."

As part of the DST enterprise, WMSI's comprehensive suite of services and rollover solutions will come to market as part of DST Retirement Solutions, a leading provider of defined contribution technology, strategic advisory, and business processing solutions to the retirement industry.

SOURCE DST Systems, Inc.