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SEI to deliver global wealth services to The Cavanagh Group


SEI has been selected to provide global wealth services to The Cavanagh Group, one of the UK’s largest IFAs.

Cavanagh has GBP1.5bn in assets under management through both advisory and discretionary channels.

SEI’s global wealth platform aims to allow Cavanagh to consolidate and streamline its current client proposition and establish a strong foundation for future growth. 

Cavanagh will also take advantage of SEI’s experience in project and relationship management to enhance its client experience and create a more profitable business model.

SEI’s global wealth platform will provide a scalable, repeatable acquisition model for all new business, a conversion plan for the existing client assets, and a broader exposure to additional SEI solutions.

Joseph P. Ujobai, executive vice president, SEI’s private banks segment, says: "In the current wealth management landscape, IFA solutions are generally limited and unable to support large businesses. The move by Cavanagh to this new wealth management model shows the importance of forming a strategic partnership for future growth. SEI is able to offer a more streamlined process that will significantly promote growth."

Andrew Fay, chief executive of The Cavanagh Group, adds: "As one of the largest UK IFAs, traditional IFA solutions were not viable for a firm of our size and future strategy.  A key factor in the decision to appoint SEI was our shared visions. Their innovative solutions are distinctly aligned to our growth ambitions, SEI recognises the importance of scale in systems and processes and through the partnership with them we are able to support enhancements to the service we offer our clients. We look forward to building a stronger relationship with SEI and tapping into their in depth knowledge of the global wealth management market."

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