Technology
SEI Enhances Wealth Management Platform For Efficiency, Compliance
SEI has launched a new set of services, via its Global Wealth Platform, which are intended to assist wealth managers to manage their client accounts more efficiently and to meet their compliance needs in a changing regulatory environment.
The changes made to the platform are designed to create time efficiencies, along with improved levels of client service. Among the developments, through SEI’s discretionary management services wealth managers are now able to execute mass trades across their client base, along with preparing client statements grouped by families or client types.
Compliance issues are now core industry drivers, and SEI’s new service enhancements are designed to address these challenges by providing risk configuration options for clients. In addition, the new service offers improved capabilities for both pre- and post-trade investment compliance.
"The continued development of our platform highlights SEI’s commitment to delivering a transformational solution to the market. We will strive to develop new features and enhancements to ensure that we meet the evolving challenges facing our clients," said Joseph Ujobai, SEI’s executive vice president of private banking.
"Wealth managers are embracing business transformation in order to drive ahead of their peers. This requires executives to make critical business decisions on how best to execute the transformation. We believe that the enhancements to our Global Wealth Platform will help wealth managers to reach their goals,” he said.
SEI’s Global Wealth Platform was launched two years ago to provide wealth managers with infrastructure operations and administrative support. The GWP suite includes client acquisition, client management, investment management, investment processing, infrastructure and business management services.
GWP operates in twelve countries, transacting in nineteen currencies, and trading on twelve exchanges. Overall SEI’s services are used by over 290 clients in nine countries.
As of 31 December 31 2008, through its subsidiaries and partnerships, SEI administers $380 billion in mutual fund and pooled assets and manages $134 billion in assets.
