LONDON, Oct. 7, 2020 /PRNewswire/ -- SEI (NASDAQ:
SEIC) today announced that U.K. wealth manager Connor Broadley
is live on the SEI Wealth PlatformSM (SWP) following the
successful migration of the firm's assets. The recent
conversion was the culmination of an implementation process that
began in December 2019 and finished
on schedule, despite both SEI and Connor Broadley working remotely
since March 2020 due to the COVID-19
outbreak. This news was previously shared on SEI's second quarter
2020 earnings call.
Following a competitive process in 2019, Connor Broadley chose SWP, SEI's
fully-integrated, single-infrastructure technology solution that
enables organizational transformation, provides front-, middle-,
and back-office services, and supports an end-to-end, digital
experience for wealth management organizations and their clients.
SWP is part of SEI's Global Wealth Management Services business,
comprised of market-leading, innovative solutions designed to
support the future growth of investment and wealth managers
globally.
As part of its strategic partnership with SEI, Connor Broadley is also taking advantage of
SEI's new Portfolio Manager Experience solution. The solution
streamlines the portfolio management process and automates
administrative tasks, enabling firms to efficiently deliver the
best investment advice, recognize the end-clients' specific needs
and provide a personalized experience at scale.
"When we selected SEI, we recognized we were choosing a firm
that could become a trusted, strategic partner to support our
growth over the long term," said James
Connor, CEO of Connor
Broadley. "Our expectations have been surpassed,
particularly given the extraordinary and unprecedented environment
we have found ourselves in during 2020. The level of service, focus
and dedication of the SEI team has been exemplary. We're very
pleased to be officially live and look forward to leveraging our
partnership with SEI in the months and years ahead."
"From the outset of our strategic partnership with Connor Broadley, it was apparent that we shared
an ambition to confidently improve end-client experiences through
increased efficiencies and the application of innovative
technology," said Brett Williams,
Managing Director of U.K. Private Banking for SEI. "Our mutual
commitment to that strategy has enabled us to withstand the remote
working challenges that COVID-19 has created, remain focused on our
implementation schedule and ultimately complete the migration
successfully and on time. I'm proud that our team has remained
focused on keeping all implementations on track, helping to
mitigate the risk of incremental expenses and the considerable
burden on staff that can be experienced by firms where
implementation dates are delayed by providers. We now look forward
to supporting Connor Broadley in
meeting its immediate and long-term growth ambitions."
The conversion of Connor
Broadley's assets to the SEI Wealth Platform is one of a
number of migrations in the U.K. that SEI completed in the first
half of 2020. From the beginning of the year to the end of July,
amidst the global pandemic, SEI migrated more than £6.1bn of assets
and 32,920 accounts for U.K. clients to the SEI Wealth
Platform.
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 133 stock exchanges in 42
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 designed to help corporations, financial institutions,
financial advisors, and ultra-high-net-worth families create and
manage wealth. As of June 30, 2020,
through its subsidiaries and partnerships in which the company has
a significant interest, SEI manages, advises or administers
approximately $1 trillion in hedge,
private equity, mutual fund and pooled or separately managed
assets, including approximately $318
billion in assets under management and $693 billion in client assets under
administration. For more information, visit seic.com.
About Connor
Broadley
Connor
Broadley is an independent, owner-managed company based in
Mayfair, specialising in wealth management for private clients, and
employee benefit consultancy for corporates. Established in 2007,
Connor Broadley's approach to wealth
management is unusual in that it places equal emphasis on high
quality financial planning advice and in-house investment
management expertise. For its private clients the company is
responsible for £400 million FUM, and its employee benefits team
look after over 100 corporate clients.
Company
Contact:
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Media
Contact:
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Leslie
Wojcik
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Jacqueline
Gogel
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SEI
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Vested
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+1
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+1
917-765-8720
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lwojcik@seic.com
|
jacqueline@fullyvested.com
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SOURCE SEI Investments Company