SEI to Power Continued Business Transformation
for Community Bank
OAKS,
Pa., Aug. 17, 2023 /PRNewswire/
-- SEI® (NASDAQ:SEIC) today announced that it
has extended its strategic partnership with Bar Harbor Bank &
Trust, an independent community banking organization, through
March 2028. The agreement
demonstrates a mutual commitment to the companies' 22-year
relationship, specifically supporting Bar Harbor Wealth
Management's growth and expanded offering to their clients
through the SEI Wealth PlatformSM and business
process outsourcing solution.
Sanjay Sharma, Head of SEI's
Private Banking and Wealth Management business, said:
"As the wealth management industry continues to grow and change,
an organization's technology infrastructure and operational
strength is critical to helping them revolutionize how they manage
and grow, embrace change and solve problems with confidence, and
protect the next generation of their business and clients.
"Our longstanding strategic partnership evolved from delivering
a technology-only solution to Charter Trust to supporting the trust
and wealth management consolidation into Bar Harbor Wealth
Management. By their side throughout this evolution, we helped them
to increase operational efficiency by moving from multiple legacy
platforms to a single, unified infrastructure to help drive
their strategic business growth objectives. We look forward to
building upon our relationship as we work together to power the
future of wealth."
Jason Edgar, President of Bar
Harbor Wealth Management, said:
"Through the rapid transformation of our business, SEI has been
a strategic partner in helping us meet our mission of delivering
consistent service to clients. We are pleased to extend our
strategic partnership as we continue to meet our clients' wealth
management needs through our full suite of solutions."
About SEI®
SEI (NASDAQ:SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to help drive growth, make confident decisions, and
protect futures. As of June 30, 2023,
SEI manages, advises, or administers approximately $1.3 trillion in assets. For more information,
visit seic.com.
About Bar Harbor Wealth Management
Bar Harbor
Bankshares (NYSE American: BHB) is the parent company of Bar Harbor
Bank & Trust, a community bank founded in 1887 and
headquartered in Bar Harbor,
Maine. The Bank operates over 50 banking branches in
Maine, New Hampshire, and Vermont. The Bank's subsidiary Bar Harbor
Wealth Management provides a variety of wealth management services.
Bar Harbor Financial Services (a branch of Infinex Investments,
Inc.) operates as an independent third-party brokerage service to
round out the Company's full service financial solutions to its
customers.
Company
Contact:
|
Media
Contact:
|
Leslie Wojcik
|
Brian Doheny
|
SEI
|
Vested
|
+1 610-676-4191
|
+1
502-759-7725
|
lwojcik@seic.com
|
brian.doheny@fullyvested.com
|
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SOURCE SEI Investments Company