- Firms are struggling to stand out as competition intensifies and legislation leads to complex client needs;
- Failing to invest in technology poses a major threat to wealth managers in a robo-advice world,
- The future of the industry will be driven by a move towards inorganic growth and consolidation, as well as outsourcing, as wealth managers seek to reverse margin compression.
"Client expectations have evolved and increased so significantly, that firms need to adapt their business models in order to meet them, while at the same time keeping costs down and seizing opportunities for growth. If firms are able to control their cost bases, deliver high-quality products and services, and do so as efficiently as possible, then they have a fighting chance of sustaining a profitable business in an ever-changing environment."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 149 stock exchanges in 55 countries and 41 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: seic.com/wealthplatform. About SEISEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2017, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $809 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $307 billion in assets under management and $497 billion in client assets under administration. For more information, visit seic.com.
Company Contact:Caroline Deutsch SEI +44 20 3810 7561 firstname.lastname@example.orgMedia Contact:Andrew Appleyard/Gregor DickieMRM +44 020 3326 9918 email@example.com