SEI Drives Sustained Momentum Across Global Wealth Management Markets
MWN-AI** Summary
SEI® (NASDAQ: SEIC) has reported robust growth in the global wealth management sector, significantly attributed to its advanced technology solutions and support during ongoing digital transformation within financial services. Based in Oaks, PA, and London, SEI has recorded notable accomplishments in the first three quarters of 2025, completing 13 client implementations and signing multiple new professional engagements. A cornerstone achievement includes the successful migration of approximately 19,800 accounts—totaling $41.5 billion in assets—onto the SEI Wealth PlatformSM (SWP) by Alerus, a commercial bank.
Drawing insights from a McKinsey study, SEI recognizes that a staggering 70% of digital transformation efforts fall short due to ineffective execution. To combat this, SEI leverages a dedicated Project Management Office (PMO) and expert Professional Services teams that guide clients through the complexities of digital transformation and change management, tailoring approaches to their unique business needs. Since 2020, SEI has launched over 80 large-scale global projects, focusing on modernizing platforms for both legacy and competitor systems.
Jim Collins, Chief Revenue Officer at Alerus, emphasized SEI's pivotal role in creating an integrated wealth management experience that aids clients in achieving their financial goals. Sanjay Sharma, CEO of SEI International, reiterated SEI's commitment to facilitating substantial organizational transformations required for modernization, fostering a true partnership model that has been refined over decades.
As of September 30, 2025, SEI manages, advises, or administers around $1.8 trillion in assets, positioning itself as a strategic ally amidst evolving market challenges. The SEI Wealth Platform stands out as an innovative solution, offering comprehensive infrastructure and administrative support that enables wealth managers to pursue their strategic visions effectively.
MWN-AI** Analysis
SEI's recent achievements signal a robust and sustained momentum in the global wealth management sector, highlighting the critical role that technology and strategic implementation play in today’s financial landscape. The company's focus on enhancing the SEI Wealth Platform (SWP) through successful client implementations and strategic partnerships positions it favorably for continued growth.
The data supports a forecast of positive trends in wealth management, especially for firms that are adept at navigating digital transformations. SEI's success in launching over 80 enterprise-scale projects since 2020 exemplifies its commitment to operational efficiency and tailored client solutions. The accolades received from partners like Alerus underline the effectiveness of SEI’s methodologies, as their customized approach enhances client experiences and enables better financial wellness for users.
However, prospective investors and wealth management firms should consider the inherent risk associated with digital transformation initiatives. McKinsey's findings that a significant percentage of such projects fail emphasize the importance of careful planning and alignment with leadership goals. SEI’s Project Management Office’s expertise in change management will be crucial for firms looking to mitigate these risks.
Investors should closely monitor SEI's ability to scale its operations and maintain client satisfaction, as these elements will drive long-term viability. Additionally, the rising demand for end-to-end wealth management solutions may present opportunities for SEI to expand its client base further.
In conclusion, as SEI continues to leverage its comprehensive technology solutions and industry experience, it appears well-positioned to capitalize on current trends within wealth management. Investors should maintain a favorable outlook on SEI while being aware of broader sector challenges as digital transformation evolves. Emphasizing strategic partnerships and operational efficiency will be key in navigating this competitive landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
Demand for End-to-End Wealth Management Experience, Business Transformation Powers Growth
OAKS, Pa. and LONDON, Dec. 4, 2025 /PRNewswire/ -- As digital transformation and operational efficiency are driving banks and other financial services firms to reassess their technology stacks,1 SEI® (NASDAQ: SEIC) continues to experience market momentum in helping wealth management organizations plan and execute business strategies for evolution and growth. For the nine months ended Sept. 30, 2025, SEI's global Private Banking business completed 13 client implementation projects and re-contracted 12 clients on the SEI Wealth PlatformSM (SWP). Additionally, SEI signed 21 new professional services engagements and launched 14 projects across 13 unique firms during the same time period.
A McKinsey study revealed that 70% of digital transformation initiatives fail to meet their intended goals, often due to poor planning, a lack of leadership alignment, or inadequate change management.2 SEI's Project Management Office (PMO) and Professional Services teams' specialized expertise in digital transformation through technology, operations, and change management—along with a deep understanding of each client's business and goals—provides a rigorous, tailored approach to implementations and enhanced onboarding efficiency.
Dedicated to managing the transformation process for clients, the PMO team launched more than 80 enterprise-scale digital transformation projects globally since 2020, including new client implementations onto the SEI Wealth Platform? (SWP), legacy and competitor platform conversions, and expanded account onboarding projects resulting from mergers and acquisitions across banking and wealth management clients. Of the 13 completed implementations in 2025, multiple implementations (a total of seven) occurred concurrently over two separate weekends between May and September. Among the 2025 implementation roster for the first three quarters of the year were:
- Clermont Trust USA, an independent trust company serving family offices and high-net-worth individuals globally, leveraged an optimized configuration of the SWP platform and a streamlined implementation model, designed for regional and community banks and trust companies managing less than $1 billion in assets. The model is designed to give community banks and trust companies access to SEI's trust accounting and wealth management ecosystem of solutions in a scalable, cost-effective manner that supports their growth journey.
- Alerus, a commercial wealth bank and national retirement provider that delivers banking, wealth services, and retirement and benefits plans and services to commercial, business, and personal clients, migrated approximately 19,800 internal custody and external custody accounts, totaling approximately $41.5 billion in assets under management to SWP. The implementation comprised SWP's suite of services, including performance measurement and analysis, compliance services, personalized end-client account access, and portfolio and order management experiences, as well as processing and valuation services for Alerus' pooled funds.
Commenting on the strategic partnership, Jim Collins, Chief Revenue Officer at Alerus, said:
"We are deeply committed to helping our clients achieve long-term financial wellness. Providing a personalized, end-to-end wealth management experience is key to seeing an entire financial picture that connects them to their goals. The SEI Wealth Platform and SEI's robust set of capabilities enable us to enhance that experience for our clients.
"SEI's thoughtful approach to understanding our business and goals, tailoring implementation based on our needs, and delivering on time not only reflects the depth of the team's expertise, but also their commitment to true partnership, collaboration, and mutual growth."
Sanjay Sharma, CEO of SEI International and Global Head of SEI's Private Banking business, said:
"For many wealth management organizations, modernization can require significant organizational transformation, and strategic planning, change management, and partnership are critical to success. We've been helping our clients transform their businesses for 57 years, and we've continuously enhanced our implementation model based on our clients' and our own experience—particularly in a post-COVID pandemic era.
"SEI sits at the intersection of technology, operations, and asset management, and the breadth of our capabilities, combined with a half-century of helping our clients anticipate and manage through change, uniquely positions us to be the strategic partner to power our clients' growth and the future of wealth. We look forward to continuing our track record of successful implementations and enabling our clients' business transformation."
1Deloitte, 2025 Financial Services Industry Predictions, April 24, 2025.
2Akhil Babbar et al., McKinsey, "Why most digital banking transformations fail—and how to flip the odds," April 11, 2023.
About SEI®
SEI (NASDAQ: SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of Sept. 30, 2025, SEI manages, advises, or administers approximately $1.8 trillion in assets. For more information, visit seic.com.
About the SEI Wealth PlatformSM
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. For more information, visit seic.com/wealthplatform.
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SOURCE SEI Investments Company
FAQ**
How does SEI Investments Company SEIC plan to leverage its recent implementation projects to enhance its competitive position in the wealth management market?
What specific strategies does SEI Investments Company SEIC have in place to ensure the success of its digital transformation initiatives, given the high failure rate highlighted by McKinsey?
In what ways does SEI Investments Company SEIC tailor its implementation model to meet the unique needs of different clients, such as community banks and trust companies?
How does SEI Investments Company SEIC assess the effectiveness of its partnerships, like the one with Alerus, in achieving mutual growth and enhancing the end-client wealth management experience?
**MWN-AI FAQ is based on asking OpenAI questions about SEI Investments Company (NASDAQ: SEIC).
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