Kansas City-based DST Systems Inc. on Thursday announced an agreement to buy a New York company that serves the retirement services industry.
Wealth Management Systems Inc., which DST called a retirement plan rollover specialist, also provides financial planning and education services. The purchase, expected to be completed this year, is for $64 million.
Wealth Management’s customers include large and small companies in the financial services and employee benefits industries. It will become part of DST Retirement Solutions.