LONDON, Oct. 27 /PRNewswire/ -- SEI (Nasdaq: SEIC) today announced that it has been selected by Bestinvest to provide its Global Wealth Services (GWS) offering to the firm.
With assets under management of around 4 billion pounds sterling, Bestinvest is one of the largest wealth managers in the U.K. and was recently named as Money Marketing's Best Investment Adviser. Bestinvest will leverage SEI's experience in wealth processing and capitalize on their knowledge of the market to consolidate assets onto one common infrastructure.
This strategic partnership will enable Bestinvest to enhance their client experience, establish a foundation for future growth, and offer clients access to a broader range of wealth management services. At the core of SEI's offering, the Global Wealth Platform (GWP) will provide Bestinvest with the ability to manage all their advisory, discretionary, and execution-only businesses with straight-through processing via a single, integrated platform.
Joseph P. Ujobai, Executive Vice President, SEI's Global Wealth Services, said:"The signing of a high-profile strategic partner such as Bestinvest highlights the continued success of SEI's Global Wealth Services as a core infrastructure proposition in the U.K. market. Our commitment to providing innovative technology and operations solutions enables firms to increase efficiency, focus on business development, and enhance their client experience. Bestinvest shares our ongoing commitment to growth and we are uniquely positioned to support them in achieving their goals. "Bestinvest is our fourth new U.K., client this year and further demonstrates SEI's broad offering and our ability to benefit a diverse range of firm types through our Global Wealth Services solution." Commenting on the announcement, Peter Hall, CEO, Bestinvest said: "As one of the largest U.K. wealth managers, a proven track record in providing wealth processing solutions to clients and a commitment to service were crucial when selecting a strategic partner. SEI's understanding and shared vision to develop a market-leading proposition, combined with their innovative solutions, is aligned with our business model and future plans for growth. We look forward to developing this relationship with SEI and benefiting from their in-depth knowledge of the global wealth management market"