DST Systems will pay $64 million to buy Wealth Management Systems

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.

The Star

This story was originally published July 9, 2015 at 11:40 AM with the headline "DST Systems will pay $64 million to buy Wealth Management Systems."