UK wealth manager Bestinvest has selected SEI to provide its Global Wealth Services offering to the firm.
Bestinvest will leverage SEI’s experience in wealth processing to consolidate assets onto one common infrastructure.
The partnership will enable Bestinvest to offer clients access to a broader range of wealth management services.
At the core of SEI’s offering, the Global Wealth Platform will provide Bestinvest with the ability to manage its advisory, discretionary and execution-only businesses with straight-through processing via a single, integrated platform.
Peter Hall, chief executive of Bestinvest, says: "As one of the largest UK wealth managers, a proven track record in providing wealth processing solutions to clients and a commitment to service were crucial when selecting SEI as a new strategic partner. SEI’s understanding and shared vision to develop a market-leading proposition, combined with their innovative solutions, is aligned with our business model and future plans for growth. We look forward to developing this relationship with SEI and benefiting from their in-depth knowledge of the global wealth management market"
Joseph P. Ujobai, executive vice president, SEI’s Global Wealth Services, says: “The signing of a high-profile strategic partner such as Bestinvest highlights the continued success of SEI’s Global Wealth Services as a core infrastructure proposition in the UK market. Our commitment to providing innovative technology and operations solutions enables firms to increase efficiency, focus on business development, and enhance their client experience. Bestinvest shares our ongoing commitment to growth and we are uniquely positioned to support them in achieving their goals.”