SOURCE: SEI

SEI

October 16, 2013 09:00 ET

SEI Wealth Platform(SM) Selected by Thrivent Trust Company for End-to-End Support

Thrivent Trust Cites SEI's Fully Integrated, Transparent Solution and Industry-Leading Expertise as Key Differentiators

OAKS, PA--(Marketwired - Oct 16, 2013) - SEI (NASDAQ: SEIC) announced today that Thrivent Trust Company (Thrivent Trust) will adopt the company's fully integrated wealth management solution, the SEI Wealth Platform(SM) (the Platform). The Platform, which integrates wealth processing and wealth management services in a single-infrastructure solution, will enable Thrivent Trust to manage the entire client life cycle within an easily-accessible and holistic environment. This partnership demonstrates the momentum the Platform has gained nationally, as Thrivent Trust is the seventh U.S. wealth management firm to select the Platform. As previously announced, two U.S. banks have converted to the Platform this year and there are five firms (including Thrivent Trust) to be installed through 2014. SEI first announced Thrivent Trust during its second-quarter 2013 corporate earnings conference call.

Thrivent Trust Company, a wholly owned subsidiary of Thrivent Financial, delivers a wide range of trust and wealth management services to Thrivent Financial's members. A new client to SEI, Thrivent Trust will bring its 1,500 accounts and more than $600 million in assets onto the Platform.

"The SEI Wealth Platform was the clear choice for our company," said Jesse Ostrom, President and CEO, Thrivent Trust Company. "SEI's commitment to building the next generation wealth platform was very attractive to us, and we believe Thrivent Trust's partnership with SEI will help create even more efficiency within our business model."

By adopting the Platform, Thrivent Trust will gain a high-tech proposal generation and wealth management CRM capability. Integrated within Thrivent Trust's core platform, these tools are designed to help increase efficiencies and strengthen the support for the company's national business development team. The Platform's transparent and scalable model will also enable Thrivent Trust to seek to further enhance productivity across its middle office, compliance management, and portfolio management services.

"We couldn't be happier to partner with Thrivent Trust. Their goals align perfectly with the complete SEI Wealth Platform offering, from investment and back-office core processing services to wealth management and client services solutions," said Al Chiaradonna, Senior Vice President, SEI Wealth Platform. "The Platform is designed to help organizations like Thrivent Trust improve productivity across all levels through a solution that supports every stage of client service. We look forward to helping them as they continue to grow and evolve."

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 104 stock exchanges in 45 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, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $507 billion in mutual fund and pooled or separately managed assets, including $204 billion in assets under management and $303 billion in client assets under administration. For more information, visit www.seic.com.

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