SOURCE: SEI

SEI

May 12, 2014 09:00 ET

SEI Wealth Platform(SM) Extends Strategic Partnership With Towry

The Second Client to Go Live on SEI Wealth Platform(SM), Towry Has Renewed Its Contract for an Additional Seven Years

LONDON, UNITED KINGDOM--(Marketwired - May 12, 2014) -  SEI (NASDAQ: SEIC) announced today that Towry, the wealth adviser, has extended its contract with the company for an additional seven years, until July 2021. Towry originally launched on the SEI Wealth Platform(SM) (the Platform) in 2009 and was the second client to go live.

The Platform is an end-to-end, open architecture solution, which operates on a single infrastructure, to enable wealth managers to manage the entire client life cycle within an accessible environment. Towry's ability to increase consistency and efficiency, especially post-RDR and in the face of increased regulatory requirements, has been a feature of its partnership with SEI.

Commenting on the renewal, Brett Williams, U.K. Managing Director, SEI Wealth Platform(SM), said:

"Towry is a key partner for SEI and we are very pleased that the company has extended its relationship with us. This contract renewal is part of the continued development of SEI in the U.K. market. As industry leaders in our respective disciplines, we look forward to working together to continually grow and support each other's businesses."

David Percy, Chief Operating Officer, Towry, said:

"We are pleased to extend our partnership with SEI for another seven years. We are focused on growth and SEI's Platform is fundamental to our operational infrastructure and will play a key role in our ability to achieve success. We look forward to working with them to deliver an outstanding service to 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 107 stock exchanges in 46 countries and 33 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: www.seic.com/seiwealthplatform.

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, 2014, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $582 billion in mutual fund and pooled or separately managed assets, including $239 billion in assets under management and $343 billion in client assets under administration. For more information, visit http://www.seic.com/enUK/index.htm.

About Towry
Towry is an established wealth advice business employing approximately 750 people in 20 offices across the United Kingdom, managing £5.6bn of client assets (as of 31 December 2013). Towry provides personal financial advice and investment management services to private individuals, families and trustees.

Towry advises on the key areas of personal finance including pensions and retirement, inheritance tax planning and investments as part of our personal financial planning service. Towry's aim is to help its clients make the right decisions about their financial future.

Towry's investment management service is designed for clients with £100,000 or more to invest. Towry's experienced investment management team researches investments from across the world to help clients achieve their objectives. Towry is privately owned. The principal shareholders are Palamon Capital Partners, LP (a leading European Private Equity firm), and Towry employees.

For more information, visit http://www.towry.com/.

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