WHIreland Agrees to Long-Term, Strategic Partnership With SEI Wealth Platform(SM)

LONDON, UNITED KINGDOM--(Marketwired - Jun 2, 2016) - SEI (NASDAQ: SEIC) announced today that WHIreland's (WHI) Wealth Management Division has agreed to a long-term contract with the company to utilise the SEI Wealth Platform^sm.

The strategic partnership with SEI will assist WHI in developing its wealth management business by establishing a more efficient, robust and scalable platform to meet emerging client needs, address future regulatory changes and requirements and help position the firm for future growth.

WHI chose SEI following a comprehensive selection process, which included a wide range of institutional and wealth management platform providers. The SEI Wealth Platform was selected because it will provide a unified solution, which is fully integrated across the investment manager and client experience, including administration, custody and reporting all within a single infrastructure. SEI and WHI are focused on the need to provide both robust systems and a high-quality service experience to meet the evolving needs of clients today and in the future.

Richard Killingbeck, Group CEO, WHIreland, commented:

"As our clients' needs evolve it is essential that we are able to provide a more easily accessible and tailored service to assist them in meeting their individual goals. Partnering with SEI will allow us to enhance our service to clients; ensure that our regulatory obligations of the future are more easily met and to benefit from enhancements in the future development of systems and the overall control environment. SEI was chosen because of our strong cultural alignment based on serving the needs of investment clients, as well as their state-of-the-art technology and relationship-driven approach."

Brett Williams, Managing Director, SEI Wealth Platform, UK Private Banking, commented:

"There has never been a greater need for advice in the industry. Private client investment managers who are able to take advantage of this opportunity, whilst mitigating risk and adapting to meet the evolving needs of their clients, are the most likely to succeed. By partnering with SEI, WHI is well positioned to take full advantage of this opportunity. The strategic partnership enables WHI to leverage SEI's experienced team, proven process and leading technology to ensure they are able to maintain high service levels and evolve to meet the needs of a changing market. We look forward to helping WHI advance and grow their business through a long-term, strategic partnership that builds on our reputation as an expert in serving the wealth management sector."