Wealth Management Systems Inc. (WMSI) is now a service provider for the retirement platform for independent broker/dealer Cambridge Investment Research Inc. Retirement-focused advisers for Cambridge can use the digital retirement platform to offer fee-based solutions as a fiduciary and bring education resources to plan participants.
WMSI, which was acquired by DST in July, offers a suite of services and rollover solutions as part of DST Retirement Solutions. The Cambridge Retirement Center combines resources, capabilities and commitment to provide a complement of benefits to advisers, including disclosure and data aggregation tools; a dashboard of client retirement plans; investment analytics, fund monitor reports, and fee benchmarking tools; targeted education messaging; and support for fiduciary services for plan sponsors as well as education for participants and clients on the realities of financial wellness.
A retirement center team provides support throughout the adviser engagement, from the request for proposal through formal contract completion.
The Cambridge Retirement Center was designed to be engaging and easy to use, while delivering access to aggregated plan data and insights, according to John J. Geli, vice president of DST Retirement Solutions. Dan Sullivan, executive vice president at Cambridge, says the platform will be a streamlined experience for advisers with quick access to multiple technology subsystems and several providers.
WMSI, a DST company, provides rollover technology, communications, and practice management solutions to the financial services industry.