OAKS, Pa., March 1, 2016 – SEI (NASDAQ:SEIC) announced today the expansion of the company’s SEI Wealth Platform Certification Program. The program is part of the company’s established efforts to provide the necessary skills and knowledge required to seamlessly implement and operate the SEI Wealth PlatformSM (the Platform). Upon obtaining their certification, third-party professionals have a preferred opportunity to be hired or retained by SEI or their Platform clients on related projects. The SEI Wealth Platform is a next-generation, fully-integrated, services-based solution, designed to support the entire wealth management enterprise. Since the inception of the Certification Program in March 2015, SEI has completed five certification classes, with participation from 12 third-party partner firms. To date, over 55 individual consultants, have been certified and half of the 12 partner firms have already been engaged on Platform-specific projects.
“The wealth management industry is evolving at an unprecedented rate and technology will be a key enabler for visionary firms who want to compete and grow in the future,” said Al Chiaradonna, Senior Vice President, SEI Wealth Platform, North America Private Banking. “SEI has invested significantly in the future of wealth management technology, and we are now growing a program that will help scale market delivery of our solution. Our Certification Program provides third-party consultants with the expertise to support clients as they transition to and utilize the SEI Wealth Platform. Based on the success we experienced in our first year, we are excited to grow and offer an even stronger program in 2016.”
The recent expansion of the Certification Program is the result of increased interest in the Platform, which currently has significant relationships with 27 private banking and wealth management firms globally. Of the 27, SEI has installed six organizations in the last 24 months specifically in the United States, bringing the total number of U.S. operational clients to nine. Additionally, there are another four clients signed and in various stages of implementation.
When the Certification Program launched last year, it focused solely on training and certifying consultants who were interested in a basic, foundational understanding of the Platform. In 2016, new certification opportunities will be added for consultants interested in obtaining a deeper expertise in areas including Platform project management, business readiness, management reporting and systems integration. The “Foundations” curriculum will be a required prerequisite in order to apply for and obtain any additional certifications.
SEI will now also be offering the “Foundations” curriculum online, making certification more convenient for individual consultants and their sponsoring partner firms. While the “Foundations” certification curriculum will be offered online later this year, the majority of the new curricula will still include on-site training at SEI’s Oaks, Pa. headquarters.
“The Certification Program provides third-party consultants with extensive knowledge and expertise about our solution, which increases their value on an SEI Wealth Platform project from day one,” said Tracy Jankus, Leader of the SEI Wealth Platform Certification Program. “We expect that the more extensive curricula will not only encourage our current certified partner firms to add more individuals to the program, but also attract additional interest from new partner firms.”
Graduates of the Certification Program will also be among an elite group of consultants who will be considered for potential roles on Platform-related projects and migrations. Learn more about the Certification Program and the partners who have already been certified.
SEI has also begun to rollout a similar and expansive Client Training Program. This program was designed to help clients benefit from the entire breadth of capabilities offered through the Platform. Much like the Certification Program, the Client Training program equips SEI’s clients with convenient and ongoing e-learning and development through a robust and innovative experience.
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 132 stock exchanges in 51 countries and 35 currencies, through the use of straight-through processing and a single operating infrastructure environment.
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 December 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $670 billion in mutual fund and pooled or separately managed assets, including $262 billion in assets under management and $408 billion in client assets under administration.