Bringing you live news and features since 2006 

SEI Wealth Platform flows up over 30 per cent year-on-year in UK


SEI has reported significant growth in its UK Private Banking business, demonstrating more than 30 per cent year-on-year growth as compared to the first half of 2014, according to the company’s most recent earnings announcement. 

Through the SEI Wealth Platform, SEI’s UK Private Banking business provides core outsourced investment processing technology for leading UK wealth management and advisory firms, including Towry, Tilney Bestinvest, and Brewin Dolphin. 
The company’s total UK Private Banking business saw UK assets under administration grow by 9.2 percent from GBP21.7 billion to GBP23.7 billion during the first six months of 2015. In addition, the SEI Wealth Platform recently achieved B+ status by financial ratings firm AKG, making it now one of the highest-rated UK wealth management platforms.
Brett Williams, Managing Director, SEI Wealth Platform, UK Private Banking, says: “We are pleased with our progress year to date and are now working to ensure we remain ready for the next phase of our growth.
“With regulatory and competitive pressures for wealth managers remaining, the UK market continues to be strong as more firms see the benefits of outsourcing their technology to companies such as SEI.  We believe this trend will continue as wealth management firms burdened by time-consuming administrative challenges seek operational efficiencies. Ultimately, these firms are beginning to see significant benefits to focusing on growing their core business and providing financial advice to their clients.”
SEI recently announced that US-based Wells Fargo will adopt the SEI Wealth Platform, the same technology used by the company’s existing UK clients. “More and more large, international banks and wealth managers are adopting or considering the Platform to better position themselves to meet the future needs of clients,” says Williams. “We are looking forward to the next 12 months, including moving our location to our fresh, new office space in the Alphabeta building in Finsbury Square, complete with a 12-year lease. Our new larger location, coupled with long-term client contracts and the strengthening of our sales team, demonstrates our commitment to significant growth in the UK market.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by