SunGards ProNvest and Signix business units and Wealth Management Systems Inc., a provider of technology-based rollover services, have formed a joint marketing agreement. They are hoping to expand the professional advice and guidance services available to participants using the WMSI platform, and will be streamling and expanding ProNvest’s rollover processing by using WMSI’s technology. Both companies will cross-sell to the other’s customer base.
SunGard’s professional advice, rollover processing and digital signature applications will be integrated with WMSI’s rollover technology, to create a distribution platform.
“Our agreements with SunGard’s ProNvest and Signix will help drive new capabilities to the retirement sector,” says Jude Metcalfe, the chief executive officer of WMSI. “We can now jointly provide automated and bundled wealth management and transition services to TPAs and their plan participants. This increases our capabilities for expanding the WMSI Rollover Solutions Network.”
“Plan participants on SunGard’s record keeping systems can select professionally managed IRA services through a paperless rollover process using Signix,” adds Jay Jumper, the president of SunGard’s ProNvest and Signix business units. “In many cases, this is the same managed account services they were provided within their company retirement plan.”