OAKS, Pa., Oct. 27, 2020 /PRNewswire/ -- SEI (NASDAQ:
SEIC) today announced enhancements to its Archway
PlatformSM to automate alternative investment data
workflows involving a strategic partnership with Canoe Intelligence
(Canoe), a financial technology company focused on reimagining data
management processes for alternative investors and capital
allocators. SEI Family Office Services, a division of SEI focused
on delivering technology and technology-enabled services to family
offices, including seven of the top 15 wealthiest American
families, and financial institutions serving ultra-high-net-worth
families, 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 a part of our long-term vision for the Archway Platform, we
have prioritized building data connectivity and integrations with
complementary family office solutions that improve core business
functions for our clients," said Paul
Freeland, Managing Director of SEI Family Office Services.
"Family offices have a critical need for increased efficiency and
automation of the otherwise manual activities associated with
alternative investment data collection. We are excited to leverage
Canoe's automated workflow processes to enable our clients to
receive extracts of their alternative investment data across
statements, funds and managers for electronic import into the
Archway Platform."
As family offices continue to increase allocations to private
equity, hedge funds, venture capital and real estate, they are
seeking solutions to simplify the data aggregation required to
report alternative investment performance and more efficiently
complete the associated accounting. Through this strategic
partnership with Canoe, automated workflows, such as document
collection, data extraction and data delivery, can be integrated
into SEI's proprietary Archway Platform, allowing its users to
achieve greater efficiency in their alternative investment data
processing. By leveraging these integrated tools, clients are able
to seamlessly input, track and report on alternative investment
data as a part of their broader investment portfolios.
"We are thrilled to partner with SEI and continue enhancing the
technology and tools available to family offices and wealth
managers allocating to alternatives," said Michael Muniz, Partner and Chief Revenue Officer
at Canoe Intelligence. "By working together, we are not only able
to help SEI clients automate document collection, improve data
extraction and validation accuracy, and automate delivery into the
Archway Platform, but we are also able to help increase
transparency and control over their entire alternative investment
document workflow."
About SEI Family Office Services
SEI Family Office
Services delivers technology and outsourced services that support
the accounting, investment management and reporting functions of
family offices, private banks, private wealth advisors and
alternative asset managers. Designed to help family offices and
advisors to wealthy families better serve their
ultra-high-net-worth clients, SEI's award-winning Archway
Platform℠ and high-touch outsourced services efficiently
handle complex partnership, portfolio and corporate accounting
alongside bill payment, investment management and multi-asset class
data aggregation. As of Sept. 30,
2020, SEI Family Office Services has $400 billion in assets on platform.1
For more information, visit seic.com/archway.
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 Sept. 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 $330
billion in assets under management and $755 billion in client assets under
administration. For more information, visit seic.com.
About Canoe Intelligence
Canoe Intelligence is
first-of-its-kind technology that allows allocators to unlock their
data. Canoe reimagines operational workflows and enables clients to
transform their processes in order to eliminate manual data entry.
By combining industry expertise with the most sophisticated data
capture technologies, Canoe automates the digitization of PDF
reporting documents into actionable data and intelligence for
institutional investors, allocators, and asset servicing firms.
With Canoe, clients refocus capital and human resources on business
performance and growth. Canoe's AI-driven platform was developed in
2013 for Portage Partners LLC, a private investment firm, and is
relied upon by hundreds of institutional investors, service
providers, family offices, and allocators.
www.canoeintelligence.com
1Assets on platform is not indicative of potential
revenue.
Company
Contact:
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Media
Contact:
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Leslie
Wojcik
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Kristina Pereira
Tully
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SEI
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Vested
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+1
610-676-4191
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+1 650 464
0080
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lwojcik@seic.com
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kristina@fullyvested.com
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SOURCE SEI Investments Company