SEI Drives Global Momentum in Wealth Management Market

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[{"type":"text","content":"Trusted Strategic Partnership at Heart of Unwavering Client Service, Delivery and Commitment\n\n\nOAKS, Pa., March 17, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC) today announced significant global momentum in its Private Banking business with seven new SEI Wealth PlatformSM (SWP) client agreements, another seven client implementations and 26 long-term recontract agreements with existing SWP and TRUST 3000® clients in the last 12 months. SWP and TRUST3000 are 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.\n\"The last year caused a great deal of disruption in the financial services industry and the world at large. Many organizations faced, and continue to face, challenges, such as delays in client implementations and other key milestones affected by the pandemic. Our clients rely on us, and we are proud to stand by them—not just as a technology partner, but as one community who came together to navigate a period of unprecedented change,\" said Steve Meyer, Head of SEI's Global Wealth Management Services. \"Our preparedness enabled us to transition our operations into a remote environment essentially overnight. We could not have continued to successfully operate this way for an entire year without our resilient, adaptable and dedicated workforce, and the ongoing trust of our clients.\" \nOver the last 12 months, SEI implemented seven Private Banking clients on time and on budget—six of which were done in a fully remote environment. SEI worked with clients to enhance remote training and implementation capabilities, which enabled successful virtual conversions and limited disruption to clients' businesses. Of the additional seven new clients who signed SWP agreements in the last 12 months, two of those deals were completed from start to finish without a single in-person meeting, fully remote. Reaffirming their ongoing commitment to SEI as a long-term strategic partner who can provide consistent support and collaboration during times of volatility and uncertainty, another 26 existing clients committed to recontract agreements in the past year.\n\"Our clients' decisions to begin or extend their relationships with SEI are evidence of our longstanding commitment to not only delivering superior solutio...

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