Technology and Operational Outsourcing Enables Efficiency and Scale to Support Ambitions
Waverton Adopts SEI Wealth Platform
LONDON, 7 Dec., 2021 – SEI (NASDAQ:SEIC) announced today that Waverton Investment Management will adopt the SEI Wealth PlatformSM (SWP), a fully-integrated, single-infrastructure technology and operational outsourcing solution that enables organisational transformation and digitisation of the wealth management experience.
Waverton chose SEI following a comprehensive, multi-stage selection process involving several providers. The strategic partnership with SEI will assist Waverton in achieving its objective of establishing an efficient, robust and scalable platform to help position the firm for its significant future growth plans. 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.
There are no planned redundancies as a result of the partnership, and a number of Waverton employees will join SEI’s SWP operations team as part of the agreement. SEI and Waverton will work closely to ensure a smooth and successful transition to the SEI team.
Commenting on the decision to partner with SEI, Nick Tucker, CEO of Waverton, said:
“I am delighted to have signed an agreement to adopt the SEI Wealth Platform as part of our strategy for growth, efficiency and maintaining high service levels for our clients. After a thorough selection process, SEI stood out due to their engagement, willingness to adapt, and significant investment in technology. Cultural alignment was a key part of our selection criteria, and it is clear to us that SEI understands our business and our culture and is focused on truly partnering with us to achieve our growth aspirations. We are committed to working closely with SEI to ensure the positive transition of our colleagues to the SEI team, which is a critical success factor for this project. We look forward to benefiting as a business from the access to SEI’s wider community of clients and deep pool of resources in the years to come.”
Brett Williams, Managing Director, SEI Wealth Platform, UK Private Banking, commented:
“By partnering with SEI and taking advantage of our powerful SEI Wealth Platform, Waverton is well positioned to achieve their growth aspirations amid an increasingly competitive wealth management environment. The strategic partnership will enable Waverton to leverage our experienced team, proven process and leading technology. We look forward to welcoming some of Waverton’s valued talent to the SEI team and working with Waverton to deliver for their business and clients. ”
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 130 stock exchanges in 42 countries and 43 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: seic.com/wealthplatform.
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change and help protect assets—for growth today and in the future. As of Sept. 30, 2021, SEI manages, advises, or administers approximately $1.3 trillion in assets.
Waverton is an award-winning investment management house dedicated to creating high quality investment portfolios and providing a personal service for private individuals, charities, intermediaries and institutions. Located in Piccadilly, London, Waverton is a growing firm with over 150 employees, and a reputation for success. Recent awards include Private Asset Managers (PAM) Award for Client Service (High Net Worth) and WealthBriefing European Awards for UK Charity Team of the Year. Waverton Investment Management is Authorised and Regulated by the Financial Conduct Authority.
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