The SEI Wealth PlatformSM and SEI Data Cloud, a fully combined technology, data, and operational outsourcing solution that facilitates corporate change and the digitisation of the wealth management experience, will be implemented by Close Brothers Asset Management (CBAM).
CBAM chose SEI after a thorough, multi-stage selection process that included numerous providers. The strategic relationship with SEI represents a transition to integrated market-leading technology, allowing CBAM to deliver on its goals.
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In addition to the SEI relationship, CBAM will use Objectway’s Portfolio Management Solution and contract with Winterflood Business Services (WBS) to handle order execution.
As part of the arrangement, many CBAM staff members will join SEI’s SWP operations team. To guarantee a successful and seamless transition, SEI and CBAM will collaborate closely. SEI and CBAM will collaborate closely to guarantee a seamless and successful changeover.
CBAM’s COO Gregg Clarke stated: “Our new partnership with SEI marks an important moment for CBAM. The adoption of the SEI Wealth Platform enables us to deliver on our growth strategy, and expand upon our proposition whilst having complete confidence that high-quality service levels will be maintained for our clients. After a thorough selection process, it was clear that CBAM and SEI are both culturally and technologically aligned. SEI understands our business and is committed to partnering with us, alongside our new WBS and Objectway partnerships, to help us achieve our strategic objectives. We are committed to working closely with SEI to ensure the positive transition of our colleagues to the SEI team, which is a critical success factor for this project.”
Jim London, CEO of SEI Investments Europe Limited, added: “CBAM is a leading UK wealth manager dedicated to delivering an end-to-end, modern wealth management experience for their clients. We’re thrilled to partner with CBAM and to provide access to the full breadth of SEI’s integrated technology, data and operations solutions that can help them achieve their growth aspirations.
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By GlobalData“Our team of experts and client-centric approach are at the core of our best-in-class solutions and service, and we look forward to welcoming some of CBAM’s valued talent to the SEI team as we power the future of wealth.”
