WMSI Acquires S&P Capital IQ Financial Communications

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Wealth Management Systems Inc. (WMSI), a leading provider of technology-based rollover services and financial planning tools in the retirement services industry, today announced that it has acquired S&P Capital IQ’s Financial Communications (FC) business. S&P Capital IQ is a part of McGraw Hill Financial. The terms of the acquisition were not disclosed.

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The purchase of FC is an important part of WMSI’s growth strategy as we invest in product offerings that will empower our clients to better anticipate and respond to customer needs,” said John Geli, WMSI’s CEO.

WMSI will utilize its data processing expertise in combination with the education and marketing solutions of FC to strengthen its value proposition in the marketplace, providing clients with fully integrated, end-to-end customer servicing solutions to:

  •     Maximize customer engagement and participant outcomes
  •     Personalize the customer experience across all servicing channels
  •     Proactively address the needs of every customer through education, meaningful guidance and customized product and service offerings

“The purchase of FC is an important part of WMSI’s growth strategy as we invest in product offerings that will empower our clients to better anticipate and respond to customer needs,” said John Geli, WMSI’s CEO. “Our industry has put a bright spot light on the challenges of engaging consumers, employees and participants in the planning process to achieve retirement readiness. The resources and expertise of the FC team will enable WMSI to take a significant step forward in providing not only multi-channel, customer servicing solutions but the integrated marketing and education programs clients need to improve savings behavior and maximize results.”

“This is an exciting opportunity for us,” says Larry McQuaid, WMSI’s new Chief Revenue Officer and former VP and General Manager of S&P Capital IQ Financial Communications. “WMSI will harness the power of data to help our clients address the specific planning and education needs of each and every employee to maximize the value of customer engagement — building investor confidence and fostering long-term financial partnerships along the way.”

The acquisition agreement was closed on September 30, 2013.

WMSI will now operate from offices located in West Palm Beach, Florida, Boston Massachusetts, Waltham, Massachusetts, and New York City, New York. WMSI intends to retain all FC employees and will continue to support and develop the full line of WMSI and FC product offerings.

About Wealth Management Systems Inc. (WMSI)
Wealth Management Systems Inc. is the leading provider of technology based rollover services within the financial services industry and provides comprehensive, web-based college and retirement planning tools, advisor solutions and personalized communications for financial services firms. WMSI is dedicated to helping service providers, plan sponsors, and advisors support employees in maximizing their workplace benefits to achieve financial well being and retirement readiness. For more information, please visit http://www.wealthmsi.com

About S&P Capital IQ Financial Communications
S&P Capital IQ Financial Communications is a leading provider of investor education, and marketing communication solutions for financial services firms. FC creates and implements business-specific solutions for clients by bringing together professional guidance, relevant content, and flexible delivery. Additional information is available at http://visitfc.com.

Media Contact:
Jacqueline Rynn
Wealth Management Systems, Inc. (WMSI)
jrynn(at)wealthmsi(dot)com

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