Products April 14, 2010

WMSI to Offer Private-Label IRAs

Through a partnership with Inspira, a provider of private-labeled IRA solutions, Wealth Management Systems, Inc (WMSI) will expand its product offering to include private-labeled IRA Solutions.
Reported by

For WMSI, the Inspira partnership will provide clients with the flexibility to create proprietary IRA products that can be marketed to participants directly through WMSI’s existing Rollover Solutions Network (RSN). Clients will have the ability to capture IRA rollover assets in their own IRA product utilizing WMSI’s TPA Network platform and interface with Inspira’s private-label IRA solution. 

WMSI’s alliance with Inspira also provides WMSI clients with a total back-office IRA solution, which includes an IRA Web portal, call center, recordkeeping, and outreach marketing program private-labeled under the client’s brand. Additionally, WMSI clients have the ability to customize their IRA investment program, including creating and managing asset allocation models, all in an open-architecture fund environment. 

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The Markets April 14, 2010

ETFs Pull in Nearly $8B in Q110

Strategic Insight (SI) said exchange-traded funds (ETFs) experienced roughly $7.7 billion of aggregate net inflows during the first quarter of 2010.
Reported by

Net inflows recovered and reached $20 billion in March, according to SI, an Asset International company. The biggest draws of inflows in Q1 2010 were taxable bond ETFs, mirroring trends seen in the larger mutual fund universe.

At the end of March, U.S. ETF assets stood at a record $815 billion, topping the previous record of $786 billion at the end of 2009.

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Given that ETFs outside the U.S. already have assets of more than $300 billion, global ETF assets already top $1.1 trillion, according to SI.

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