Netwealth Investments Limited Extends Strategic Partnership with SEI

LONDON, 29 June, 2021 – SEI (NASDAQ:SEIC) announced today it has extended its contract with UK wealth manager Netwealth Investments Limited (Netwealth) for a further five years. 

The re-contract builds on an existing strategic partnership between the two companies that began in 2016 and SEI will continue to provide integrated wealth-management infrastructure and custody to Netwealth through the SEI Wealth Platform^SM. The partnership with SEI will continue to support Netwealth’s ambitious growth, and will include integrations and a range of application programming interfaces (APIs) for Netwealth’s electronic trading channels and broader proposition. 

The SEI Wealth Platform 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, Charlotte Ransom, Chief Executive Officer of Netwealth Investments Limited, said: 

“We are pleased to continue partnering with SEI. It is important for our business to have a partner who can scale to support our growth, as well as collaborate with us on projects to meet some of our key strategic goals. We look forward to our continued strategic partnership.”

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

“The last year has highlighted the important role technology, alongside an experienced workforce, will play in the future of wealth management. We are pleased to continue our strategic partnership with Netwealth, who represent such a strong brand in the wealth management industry, and support them with their technology-led approach to providing traditional discretionary and advisory services. This re-contract illustrates our mutual commitment to our continued partnership.”

This news was first announced on SEI’s first-quarter 2021 earnings call.

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 131 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 March 31, 2021, 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 $384 billion in assets under management and $836 billion in client assets under administration. 

About Netwealth 

Netwealth is a leading wealth manager, pioneering a hybrid model that combines human expertise with the power of technology. Netwealth was founded in 2015 by CEO Charlotte Ransom, a former Partner at Goldman Sachs, and COO Thomas Salter, a former Managing Director at JP Morgan, to deliver a more transparent, cost-effective, and superior service to affluent and high net worth clients. Netwealth offers clients the unique combination of a highly qualified team, a powerful online service underpinned by a robust investment framework and access to professional advisers. Netwealth’s Board of Directors includes the recently appointed Chairman, Edward Bonham Carter, former Group CEO and Vice Chairman of Jupiter Fund Management, and Non-Executive Directors Michael Hartweg, an entrepreneur, investor and Founding Partner of Leonteq Securities, and Merryn Somerset Webb, a financial journalist and Editor-in-Chief of MoneyWeek. For more information, please visit www.netwealth.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.