SOURCE: SEI

SEI

June 30, 2015 10:30 ET

SEI Wealth Platform(SM) Achieves Recognition of Financial Stability

AKG Upgrades SEI to B+ Rating, the Highest Benchmark Currently Held by Any UK Platform

LONDON, UNITED KINGDOM--(Marketwired - Jun 30, 2015) - SEI's (NASDAQ: SEIC) end-to-end wealth processing and wealth management solution, the SEI Wealth Platform(SM), has been promoted to B+ status by financial ratings firm AKG, making it now one of the highest-rated U.K. platforms. 

AKG's ratings system assesses providers on a wide variety of different metrics to ascertain a firm's overall financial strength and its ability to act as a long-term partner to advisers in a fast-moving regulatory environment.

The FCA's outsourcing guidance states that firms should regularly review certain aspects of outsourced-service relationships. AKG's rating of SEI helps to provide evidence of the company's financial strength and ability to assist firms in meeting their business needs.

Besides making SEI one of the highest-rated companies for these attributes in the platform industry, this rating occurs alongside AKG's decision to rate SEI's service as '4-star' for the ways in which it has strived to improve client satisfaction.

Guy Vanner, Managing Director of AKG, said, "In recent years, platforms have become a fundamental component in enabling advisers to effectively meet the evolving needs of their clients. As a result, the long-term sustainability and strength of platform operators, as indicated by these ratings, has become a key consideration."

Commenting on the news, Martin Steer, Commercial Director, SEI Wealth Platform, U.K. Private Banking, said, "At a time of almost unprecedented technological upheaval across the industry, banks and fund managers can be forgiven for feeling 'lost at sea' amid the various options open to them.

"This award from AKG underlines the value which comes from operating a platform that provides the infrastructure for those across the industry who favour long-term decision making over short-term, and sometimes unsustainable, thinking.

"We welcome AKG's award of B+ status, and believe that this will act as a further proof point of our financial strength and its role in driving long-term innovative solutions for our clients." 

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 122 stock exchanges in 49 countries and 34 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: seic.com/wealthplatform.

About SEI
SEI (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 March 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $648 billion in mutual fund and pooled or separately managed assets, including $258 billion in assets under management and $390 billion in client assets under administration. For more information, visit seic.com.

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