DST, a global provider of data management, business processing, and customer communication solutions, has announced that it has agreed to acquire New York-based Wealth Management Systems Inc. (WMSI), which provides rollover and advisor solutions, along with financial planning and education tools and communications, to the retirement services industry.

The deal is expected to position the firm so that it can better serve a market dealing with aging demographics.

WMSI utilizes technology in combination with customer data, education, and marketing to provide clients with solutions to support financial well-being and retirement readiness. Clients range from Fortune 500 companies to small businesses in the financial services and employee benefit arenas.

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