SEI Wealth Platform Ranked as a Leading Wealth Management Solution

SEI announced that the SEI Wealth Platform^SM (the Platform) received XCelent Awards in the “Advanced Technology” and “Depth of Client Service” categories by research and consulting firm Celent. Based on its deep analysis of front-to-back office platform providers, the research firm recognized SEI as a leading company among North American wealth management technology vendors in providing innovative technology solutions and superior customer service.

“As recipients of two XCelent Awards, we are incredibly honored to be recognized for our commitment to providing seamless integration and cultivating holistic digital experiences for wealth managers and their clients through the SEI Wealth Platform,” said Al Chiaradonna, Senior Vice President, SEI Wealth Platform, North America Private Banking. “As technological innovations transform the wealth management industry, our unified solution focuses on our strategic partners’ growth and continues to propel them forward.”

Specific criteria used to determine winners in the “Advanced Technology” and “Depth of Client Service” categories include the ability to support multiple components within the front-to-back office, support wealth managers and their clients with a stand-alone solution, and offer web-based capabilities. The SEI Wealth Platform was selected for its modern user interface and strong, integrated workflows, as well as a particularly robust front-office solution, trading capabilities, and access to a vast variety of services from a centralized platform on a single, fully-integrated infrastructure. The company also distinguished itself with its SEI Wealth Platform Certification Program, a multi-channel curriculum of online and onsite learning that provides the necessary skills and knowledge required to seamlessly implement and operate the company’s enterprise-wide wealth management solution.

As part of the evaluation, Celent interviewed SEI clients, who indicated a number of advantages to partnering with SEI and using the Platform, including:

• SEI’s commitment to a long-term strategic partnership that goes deeper than a vendor/client model
• Benefits resulting from SEI’s significant investment in new technology and services
• Ability to transform a business from processing transactions to growing client relationships
• The Platform’s ease of use

“As wealth managers seek a fully-integrated, digital solution that supports their entire value chain and best serves their customers’ evolving needs, the SEI Wealth Platform has helped transform the industry’s ever-changing landscape,” said Ashley Globerman, Wealth Management Analyst at Celent. “The Platform’s overall technology received superior marks in our study, and its ease of use, data model flexibility, solution scalability, and robust roadmap for future development are a testament to SEI’s unparalleled innovation and commitment to supporting customers’ continued success.”

Vendors in this year’s U.S. study were evaluated based on factors that include advanced technology, breadth of functionality, customer base, and depth of services.

Access complete details on SEI’s review in Celent’s report.

The SEI Wealth Platform has gained steady momentum and increased market adoption.  Through the Platform, SEI has significant relationships with approximately 41 banks, independent wealth advisors and other wealth managers globally.  Launched in the U.S. in 2013, the Platform currently supports 12 U.S. private banking firms and their clients, with another seven clients in various stages of implementation. Most recently, SEI announced that Regions Bank completed its conversion to the Platform in an effort to provide a comprehensive wealth management experience through a unified, fully-integrated infrastructure