OAKS, Pa., Feb. 26, 2019 /PRNewswire/ -- SEI (NASDAQ:
SEIC) today announced that Securian Trust Company (Securian
Trust), part of Fortune 500 company Securian Financial, will adopt
the SEI Wealth PlatformSM (the Platform) to provide a
seamless experience for their clients and the advisors that serve
them. The Platform is a fully-integrated, single-infrastructure
technology solution developed to support client relationship
management, including front-, middle- and back-office services.
This news was first announced during SEI's fourth-quarter 2018
earnings call.
"We are grateful for the decade-long relationship with Securian
Trust, and we are excited to be a part of their journey in
delivering a holistic wealth management experience," said
Al Chiaradonna, Senior Vice
President of Private Banking at SEI. "The evolving wealth
management landscape is increasingly placing pressure on
organizations to retire their mainframe systems. The SEI Wealth
Platform delivers the automation and integrated digital tools that
will help enable Securian Trust to provide a personalized,
aggregated view of their customers' investments, while scaling and
streamlining their business for the future."
A client since 2009, Securian Trust will migrate approximately
1,300 accounts, including $550
million in assets under management and $2.8 billion in assets under administration, from
TRUST 3000®, SEI's legacy platform, to the Platform in
2019. The Platform will enhance Securian Trust's overall technology
infrastructure and help increase efficiency by integrating
applications, improving workflows and delivering real-time account
information.
"Our clients are our top priority, and the SEI Wealth Platform's
state-of-the-art technology will help transform their experience,"
said Matthew J. Bauler, President of
Securian Trust.
The SEI Wealth Platform continues to gain significant market
momentum. Of the 48 signed global clients, 38 private banking firms
are installed, and another ten clients are in various stages of
implementation.
About the SEI Wealth PlatformSM
The SEI
Wealth Platform (the Platform) is an outsourcing solution for
wealth managers encompassing wealth processing services and wealth
management programs, combined with business process expertise. With
the Platform, SEI provides wealth management organizations with the
infrastructure, operations, and administrative support necessary to
capitalize on their strategic objectives in a constantly shifting
market. The SEI Wealth Platform supports trading and transactions
on 158 stock exchanges in 56 countries and 43 currencies, through
the use of straight-through processing and a single operating
infrastructure environment. For more information, visit:
seic.com/wealthplatform.
About SEI
After 50 years in business, SEI (NASDAQ:
SEIC) remains a leading global provider of investment processing,
investment management, and investment operations solutions that
help corporations, financial institutions, financial advisors, and
ultra-high-net-worth families create and manage wealth. As of
Dec. 31, 2018, through its
subsidiaries and partnerships in which the company has a
significant interest, SEI manages, advises or administers
$884 billion in hedge, private
equity, mutual fund and pooled or separately managed assets,
including $307 billion in assets
under management and $573 billion in
client assets under administration. For more information, visit
seic.com.
About Securian
At Securian Financial, we're here for
family. And we're here because of it. We're guided by our purpose:
helping customers build secure tomorrows. Since 1880, we've been
building a uniquely diversified company that has outlasted economic
ups and downs while staying true to our customers. We're committed
to the markets we serve, providing insurance, investment and
retirement solutions that give families the confidence to focus on
what's truly valuable: banking memories with those who matter
most.
Company
Contact:
|
Media
Contact:
|
Leslie
Wojcik
|
Marie
Matta
|
SEI
|
Prosek
|
+1
610-676-4191
|
+ 1
203-883-4701
|
lwojcik@seic.com
|
mmatta@prosek.com
|
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SOURCE SEI