Business
SEI and Canoe Intelligence Power Future of Alternatives Data Management through Expanded Relationship
Integration Enhances Operational Efficiency and User Experience for Family Offices OAKS, Pa. and NEW YORK, July 30, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC)
About this update from Sei Investments Company
[{"type":"text","content":"Integration Enhances Operational Efficiency and User Experience for Family Offices\nOAKS, Pa. and NEW YORK, July 30, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) and Canoe Intelligence (Canoe) today announced an enhanced integration that automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data, to improve operational efficiency for family offices using the SEI Archway PlatformSM.\n\nWith global alternative assets expected to hit $23 trillion by 2027,1 family offices allocated 42% of their investment portfolios to alternative assets in 2023.2 However, as the demand for alternative assets has grown, single family offices have been challenged with manual data management workflows, resulting in inefficient data aggregation, accounting, and reporting that can be error-prone. By automating data transmission and ensuring data consistency, this integration streamlines the accessibility and integration of alternatives data to maximize operational efficiency and empower family offices to make confident decisions.\nSandy Ewing, Head of SEI's Family Office Services business, said:\n\"Investors expect a personalized wealth management experience tailored to meet their individual financial goals, and alternatives can play an important role in portfolio diversification. Family offices require solutions that help make alternatives data more accessible and accurate given the complex and historically manual nature of the ongoing data management process.\n\"SEI has been at the forefront of this trend, offering a client-centric approach to managing alternative assets that meet the industry's needs for more than 25 years. We are investing in solutions like the SEI Archway Platform and SEI Altigo® Platform that further enhance the end-to-end alternatives investment experience. We're thrilled to expand our relationship with Canoe as we continue to deliver on our commitment to our clients.\"\nThe enhanced integration introduces a new data channel that makes it easier for SEI Archway Platform users to collect, aggregate, and analyze their alternative asset data. By leveraging the connectivity of these two platforms, mutual clients are able to:\nAutomate fund and allocation-level data gathering: Streamlined extraction, validation, and delivery of fund and allocation-level data helps ensure acc...