PITTSBURGH, Aug. 3 /PRNewswire/ -- Inspira and Wealth Management Systems Inc. (WMSI) announced today that they have completed a full integration of Inspira's proprietary IRA recordkeeping and privately labeled solution and WMSI's Rollover Solutions Network platform.
The integration means that clients of both parties can now create their own privately labeled IRA solution through a seamless user experience. By simply clicking a link, those clients will be able to efficiently roll over retirement plan assets, upload data directly to Inspira online and use eSignature account set-up for client notification and distribution processing purposes.
"WMSI believes in providing our clients with flexible IRA services that can be tailored to meet their specific business needs and rollover servicing strategies," stated John Geli, WMSI CEO. "Through our alliance with Inspira, we can help clients develop and distribute their own IRA product offerings creating new revenue and customer servicing opportunities."
WMSI's alliance with Inspira also supplies WMSI clients with a comprehensive back office IRA solution, including recordkeeping service and a marketing outreach program labeled under the client's brand.
"With Inspira and WMSI, the TPA can seamlessly implement their own proprietary IRA solution that doesn't send accountholders to competitors, while also offering advisors the ability to partake by directing terminated participants with specific account balances back to advisors on the plan," said Lowell Smith Jr., President of Inspira. "This significantly enhances the value of the TPA to its financial advisor network by offering a service that captures assets into a plan as well as out of the plan."
About Inspira: Based in Pittsburgh, PA, Inspira provides automatic and voluntary IRA rollover solutions for Financial Advisors, Plan Sponsors and Third Party Administrators. Inspira's solutions generate revenue for its partners while simultaneously eliminating administrative costs.
About 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. WMSI's platform is becoming the industry standard for processing IRA rollovers and furthering asset retention and acquisition results.
SOURCE Inspira
Share this article