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Jim Warren, SEI

SEI launches online solution for private fund investor transaction processing


SEI has launched SEI Trade, a cloud-based solution that automates the process of handling, documenting and tracking investors’ private fund transactions.

SEI Trade is designed to help private fund managers upgrade the investor and financial adviser experience, while streamlining a notoriously inefficient and error-prone set of processes.
It offers digital document management, workflow automation, intelligent form completion, and real-time tracking and transparency of investor transactions. It streamlines and simplifies all steps in the fulfilment, transaction, and on-boarding processes.
SEI Trade is a component of the company’s global operating platform and as such, has the flexibility to handle all major investment vehicles or transaction types, making it easier for investment firms to expand their product lines. Managers can use the platform’s analytics to gain new insights about their investors. 
“In building this solution, SEI looked to address an area that our clients have felt was a cumbersome paper-driven process vulnerable to simple errors and process delays,” says Jim Warren (pictured), head of solutions strategy and development of SEI’s investment manager services division. “Investment automation has been critical throughout the financial services industry, and we wanted to apply those improvements to the investment subscription process, allowing our manager clients and their investors to benefit from these technological improvements.”
As part of SEI Trade’s development, SEI created a proof of concept integrating the solution into a private Blockchain. Blockchain’s native encryption and distributed general ledger functionality lends itself to being the storage and delivery mechanism for the sensitive investor data captured in the application. The distributed ledger would allow for the delivery of this data to be near real time, complete, and highly secure regardless of the audience or use case. 
“Helping managers deliver a more competitive investor experience was a top priority for the SEI Trade development team,” says Warren. “Private fund managers justifiably have focused more on investment performance than on providing online access, customisation, and user-friendly interfaces. As their business grows more competitive, we felt that SEI could help them compete on the investor experience front, too.” 

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