SEI Executive Quick Poll Shows Bank Wealth Managers Rapidly Embracing Open Architecture Investment Solutions

Summary of Results: 2006 Q3 Executive Quick Poll: Open Architecture Investment Solutions

Fifty-one bank wealth management executives responded to an online poll to determine their level of interest and perceived challenges in implementing open architecture investment solutions. An overwhelming majority of poll respondents (85 percent) indicated that within the next twelve months, the decision to offer open architecture investment solutions and expertise will be a top priority for bank wealth management institutions.

“The emerging wealth market presents a tremendous opportunity for bank wealth management institutions,” said Al Chiaradonna, head of Global Strategy and Innovation for SEI’s Private Banking and Trust Segment. “SEI believes that an open architecture investment solution is a key component in developing a strategy to capitalize on this opportunity. It allows banks to offer a broader range of investment options to their clients while helping to ensure they are perceived as objective.”