SOURCE: SEI

SEI

December 03, 2015 09:30 ET

SEI Wealth Platform(SM) Signs Seven Year Contract With Fusion Wealth

LONDON, UNITED KINGDOM--(Marketwired - Dec 3, 2015) -  SEI (NASDAQ: SEIC) UK Private Banking announced today that it has agreed to a seven-year extension of its contract with Fusion Wealth, the bespoke technology solutions provider for wealth managers and large-scale financial planners. The relationship between the two companies began in 2011, and since then Fusion has grown to support more than 30 wealth management firms and private banks, all of which are all powered by the SEI Wealth Platform. 

Today's announcement commits SEI and Fusion to work together until at least 2023, and keeps Fusion on course to continue rapid growth of its Assets Under Management (AUM) which currently stand at almost £2bn. The SEI Wealth Platform provides integrated wealth-management infrastructure for Fusion's growing client base to actively manage their customers' portfolios.

Brett Williams, Managing Director, SEI Wealth Platform, UK Private Banking, said, "The wealth management industry is changing extremely fast, meaning more and more firms are partnering with businesses that have institutional capabilities and can keep pace with complex legislation and regulations. The relationship with Fusion is a true partnership and we have enjoyed a close working bond with the Fusion team over the past four years. We are pleased to have the commitment to extend the contract until at least 2023. Our combined approach provides a powerful offering, which allows individual wealth management firms to focus on developing their proposition and service." 

Ian Cooke, Chief Executive, Fusion Wealth, added, "We are delighted to extend our contract with SEI for a further seven years. Our partnership with the business has been instrumental to our continued rapid growth and has given us the opportunity to deliver a completely seamless end-to-end proposition to our clients. As partners, SEI and Fusion are committed to future innovation and we look forward to continuing to work together to provide the best possible solution 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 131 stock exchanges in 50 countries and 35 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: http://www.seic.com/enUK/banks/288.htm?cmpid=pb-gpa-813.

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 September 30, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $638 billion in mutual fund and pooled or separately managed assets, including $245 billion in assets under management and $393 billion in client assets under administration. For more information, visit http://www.seic.com/enUK/index.htm.

About Fusion Wealth
Fusion Wealth is an innovative Platform provider, which supplies bespoke end to end technology solutions and integrated client portals to the financial services industry. Fusion's customers represent some of the best, most forward-thinking and award winning financial services groups in the UK, and their technology helps them to deliver a truly unparalleled level of wealth management services to their clients. Fusion Wealth aims to build professional relationships with wealth managers and IFAs that believe in delivering something better and adding real value to their clients. http://www.fusionwealth.co.uk/.

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