Brewin Dolphin Extends Long-term Strategic Partnership with SEI

LONDON, 24 March, 2021 – SEI (NASDAQ:SEIC) has announced today it has extended its contract with leading UK wealth manager Brewin Dolphin for a further three years. The new agreement will extend the current strategic partnership between the two firms until November 2023.  

The re-contract builds on an existing strategic relationship that began in 2012, continuing to provide the SEI Wealth Platform^SM (SWP) as an integrated wealth management infrastructure to a digital, consumer investing platform called Brewin Portfolio Service (BPS). The re-contract reflects significant collaboration between SEI and Brewin Dolphin over the last 12 months to enable the company to deliver an improved digital end-client experience for BPS clients by integrating with SEI’s wide range of application programming interfaces and web services.

SWP is 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.

Commenting on the partnership, Gareth Johnson, Head of Digital Channels for Brewin Dolphin, said: 

“The digital channels business is a key focus for us, and we are delighted with the work that has been done by SEI to support the development of our digital client experience. In the current environment, front-end digital tools are more important than ever for our business, and SEI’s resilience and partnership in delivering this project remotely over the last 12 months has been imperative in achieving our strategic objectives. Crucially, we were able to deliver the project on time and on budget.  

“Our strong and positive relationship with SEI, built over the last nine years, is an important partnership for Brewin Dolphin, and we look forward to continuing to work with them over the coming months and years.”  

Brett Williams, Managing Director of UK Private Banking for SEI, said: 

“The last year has presented a number of challenges and opportunities for wealth management firms in the UK and globally. Our significant strength and resilience has meant we have been able to continue to partner with Brewin Dolphin to support them not only in delivering high-quality service to their clients, but also in enhancing their Brewin Portfolio Service proposition and supporting their strategic goals. I am proud of our team who have remained focused and committed to our business and to supporting our clients during this time. 

“Our open and respectful relationship with Brewin Dolphin has allowed us to continue to collaborate on important projects despite the challenging pandemic environment, and as a leader in the UK wealth management market, we continue to value their insight and market-leading perspective. This contract extension demonstrates the mutual commitment to our continued partnership.”

About the SEI Wealth Platform^SM 

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 126 stock exchanges in 41 countries and 43 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: seic.com/wealthplatform. 

About SEI

After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions designed to help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Dec. 31, 2020, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers approximately $1 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $369 billion in assets under management and $787 billion in client assets under administration. For more information, visit seic.com.

Important Information

The opinions and views in this document are of SEI only and are subject to change. They should not be construed as investment advice.

Whilst the information contained in this document has been provided by SIEL in good faith, no warranty is given as to its accuracy or completeness.

This content is provided is by SEI Investments (Europe) Ltd ("SIEL"). SIEL is authorised and regulated by the Financial Conduct Authority. Number (FRN) 191713. Registered office; 1st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR.