DST, with its eye on the migration of funds from retirement plans into investment platforms, has invested $64 million to help it capture business from this trend.

DST Systems, a global provider of data management, business processing and client communication solutions, has completed its acquisition of the New York-based retirement plan rollover specialist Wealth Management Systems.

“As a normal consequence of the nation's aging demographics, there's a predictable migration of funds from retirement plans to investment management platforms,” said Jude Metcalfe, president of DST Retirement Solutions, in July. “This acquisition of an established leader in the rollover business places us squarely at that point of intersection.” (See more on the announcement here.)

Clients of WMSI range from Fortune 500 companies to small businesses in the financial services and employee benefit arenas.

As well as New York City, WMSI has offices in West Palm Beach, FL, Boston, Massachusetts, and Waltham, MA.