The SEI Advisor Network has surpassed USD50 billion in assets under management (AUM) for its TAMP business.
As one of the largest TAMP providers in the industry, SEI Advisor Network continues to invest in its technology and infrastructure, attracting more and more independent financial advisors seeking investment outsourcing in order to spend more time serving clients.
"Independent advisors are experiencing enormous growth and SEI is focused on delivering a solution to advisors that will help investors be in a better position to meet their financial goals," says Wayne M Withrow (pictured), Executive Vice President of SEI and Head of SEI Advisor Network. "We provide the safety and security advisors seek for their clients' assets and are spending millions of dollars to enhance our solution through a new custody platform, new practice management tools, and new investment solutions. SEI is deeply invested in helping independent advisors create more time to spend with their clients."
SEI has been committed to the financial advisor space for more than 23 years. Known for its innovative history of providing streamlined solutions for the financial services space, the company has attracted nearly 1,500 advisors over the last two-and-a-half years. The advisor business has seen an 18 per cent increase in gross receipts from the first half of 2015 and has averaged over USD1 billion a month in gross receipts from advisors using its solution in the last four months (March-June).
Unlike some TAMP providers, SEI Advisor Network has no account minimums. This, along with the company's robust Proposal Generation and Transition Teams, provide advisors with all the support needed to attract new clients and to make providing SEI solutions to existing clients as seamless as possible.
