SEI Advisor Network Gains New Identity as Independent Advisor Solutions by SEI

September 25, 2018

Change Reflects Enhanced Technology Solution, Financial Advisory Firms Transition to the SEI Wealth Platform

OAKS, Pa., Sept. 25, 2018 – SEI (NASDAQ:SEIC) today announced that SEI Advisor Network is now Independent Advisor Solutions by SEI (Independent Advisor Solutions), continuing its transition to the SEI Wealth PlatformSM (the Platform), a comprehensive, fully-integrated, investment-agnostic technology solution that helps independent financial advisors streamline their business and spend more time with their clients. With more than 7,500 advisors and $65.3 billion in advisors’ assets under management as of June 30, 2018, Independent Advisor Solutions provides financial advisory firms cutting-edge technology through a customizable and adaptable open-architecture wealth management platform.

“Our new identity represents the evolution of our technology, an expanded set of solutions and the future we have planned.”

The Platform boasts a unified advisor and end-client experience by integrating services advisors need to run an efficient, profitable business and help ensure their clients’ success, including: external CRMs, financial planning software, flexible investment solutions, front-office tools and back-office functions. Eliminating the need to access multiple disparate systems, the Platform is a cloud-based, automated solution that enables advisors to execute asset management, straight-through processing and practice management. The majority of SEI’s financial advisor clients have already migrated to the Platform, and all clients are expected to convert by early 2019.

“Today’s advisors should not be expected to support the technology that drives their businesses. The Platform is designed to eliminate that responsibility, maximizing independent advisors’ abilities to support their client,” said Wayne Withrow, Executive Vice President of SEI and Head of Independent Advisor Solutions. “We are excited to welcome our advisor clients to the Platform and alleviate the burden of multi-system integration.”

As a flexible and holistic solution, the Platform offers many benefits to advisor clients, including:

  • Technology that powers unified managed account processing, embedded workflows, automated fee services, custody, model management, and cash management with automated trading – all in a straight-through processing environment.
  • Flexible investments that empower advisors, giving them open-architecture access to investment solutions, unified managed accounts, custom model management, and SEI’s manager research, as well as its goals-based, asset management and tax-management strategies.
  • Practice Management that provides an array of resources to help advisors free up their time, showcase their value, develop their business strategies, and educate.

“Our new identity represents the evolution of our technology, an expanded set of solutions and the future we have planned,” added Withrow. “As a strategic partner to independent financial advisors, SEI strives to provide best-in-class products and services, so advisors can spend less time on operational tasks and more time on running their business and creating further personalized experiences for their clients.”

About The SEI Advisor Network

The SEI Advisor Network, now Independent Advisor Solutions by SEI, provides independent financial advisors with wealth management services through outsourced investment strategies, administration and technology services, and practice management programs. It is through these services that SEI helps advisors save time, grow revenues, and differentiate themselves in the market. With a history of financial strength, stability, and transparency, the SEI Advisor Network has been serving the independent financial advisor market for more than 25 years, has 7,500 advisors who work with SEI, and $65.3 billion in advisors’ assets under management (as of June 30, 2018). The SEI Advisor Network is a strategic business unit of SEI. 

About the SEI Wealth Platform

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 157 stock exchanges in 56 countries and 43 currencies, through the use of straight-through processing and a single operating infrastructure environment. 

About SEI

Now in its 50th year of business, SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $882 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $331 billion in assets under management and $545 billion in client assets under administration.