SEI Acquires Novus Partners to Broaden Capabilities for Large Institutional Investors

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[{"type":"text","content":"Portfolio Intelligence and Analytics Solution Enhances Offering to Investment Teams\n\n\nOAKS, Pa., Nov. 12, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC) today announced the acquisition of Novus Partners (Novus), a global portfolio intelligence platform company, designed to expand SEI's capabilities for both the institutional investor and investment management markets. \n\"The financial services landscape is ever-evolving. Our markets continue to face an unprecedented pace of change, and we continuously seek opportunities to stay ahead of and manage this change,\" said Alfred P. West, Jr., SEI Chairman and CEO. \"By making strategic investments in our solutions and workforce, we drive growth and help our clients make confident decisions for their futures.\"\nNovus' platform streamlines data management, performance measurement, reporting, attribution and look-through analysis in a single digital tool. The addition of these data management and analytics capabilities to SEI's Enhanced CIO Platform helps meet the needs of the markets SEI serves. With Novus' analytics tool for exposure, attribution and risk, SEI can provide large institutional investors and asset owners with a complete front-to-back-office solution across all asset classes. \nSEI provides services across the continuum of institutional investors, ranging from those with internal investment operations to those that outsource investment implementation. SEI's Enhanced CIO Platform supports investment teams and following the acquisition of Novus, SEI intends to enhance its current offering by integrating Novus' global portfolio intelligence tool, now branded as SEI Novus, with SEI's comprehensive investment intelligence and processing capabilities. SEI Novus will continue to provide asset managers with advanced portfolio intelligence, analytics and reporting technology in an effort to improve their overall investment programs and to allow them to share data and intelligence with large institutional investors and asset owners. \n\"We identified a significant need among larger institutional investors for an end-to-end solution that provides enriched data and analytics. We believe the combination of SEI Novus' front-end analytics capabilities with our extensive middle- and back-office investment processing capabilities and knowledge of institutional markets ultimately delivers tha...

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