SEI Global Wealth Services Selected to Support Jupiter's Further Expansion
Posted on July 19, 2012 at 11:25 AM EDT
SEI to Provide Multi-Award Winning Wealth Manager With Private Client Investment Processing
LONDON -- (Marketwire) -- 07/19/12 -- SEI (NASDAQ: SEIC) announced today that Jupiter Fund Management plc (Jupiter) is the latest leading investment management firm to choose the company's Global Wealth Services (GWS) offering. Through GWS, SEI will provide Jupiter with private client investment processing, and administration services for its £ 1.8bn* private client business.
Jupiter is one of the U.K.'s leading names in retail fund management, focused primarily on managing investments on behalf of retail, institutional, and private client investors. The strategic partnership with SEI will enable Jupiter to enhance its services proposition to its private client investors and establish a more efficient and scalable platform for future growth.
At the core of SEI's offering is its Global Wealth Platform (GWP), which will provide Jupiter with a single, scalable, and integrated infrastructure to efficiently manage private client portfolios.
SEI provides its GWS to a range of firms across the investment management spectrum and today's announcement follows recent strategic partnerships established with Brewin Dolphin, BROADSTONE, Northern Bank, and Berry.
"Jupiter is a highly regarded, performance-driven U.K. fund management group with an established private client customer base, and this partnership demonstrates our continuing commitment to U.K. private client investment managers. We look forward to being part of the next stage of Jupiter's growth and are excited about the visibility it brings to our Global Wealth Services business.
"This relationship is another positive signal to the market of the growing acceptance of Global Wealth Services for leading U.K. financial services groups who serve a range of clients."
Tristan Hillgarth, Managing Director, Private Clients at Jupiter Fund Management said:
"After an extensive due diligence process, we have selected SEI's Global Wealth Platform to provide an integrated infrastructure to efficiently manage our private client portfolios. Selecting SEI gives us the opportunity to upgrade our infrastructure, whilst providing our investment managers with the integrated solution they need to effectively manage client accounts. It also enables us to deliver a value added service to our clients."
* As at 31 March 2012
About SEI's Global Wealth Services
At the heart of the solution lies the Global Wealth Platform, which supports trading and transactions on 102 stock exchanges in 46 countries and 33 currencies, all using straight-through processing. For more information, visit www.seic.com/pwi.
About Jupiter Fund Management plc
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