Regions Bank, a US-based provider of consumer, wealth management and commercial banking solutions, has selected SEI’s enterprise-wide wealth management solution SEI Wealth Platform to support the its private client and institutional businesses.
SEI Wealth Platform supports all stages of client relationship management including front-, middle- and back-office processing services.
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The platform enables wealth management firms to focus on clients’ goals and strategic objectives while navigating a challenging regulatory environment and ongoing risk-management needs.
The platform will provide the bank with a unified solution that is fully integrated across the advisor and client experience, including front-office, trust-accounting and securities-processing services, all within a single infrastructure.
Regions Wealth Management will become the first large-scale US wealth management firm to implement the platform in its full capacity, including back-office processing support.
SEI Wealth Platform currently has partnerships with 28 private banking and wealth management firms globally.
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By GlobalDataRecently, SEI Private Banks has expanded its SEI Wealth Platform Certification Program, which helps third-party professionals gain advanced expertise on how to implement and operate the Platform.
Regions Wealth Management Group senior executive vice president and head Bill Ritter said: "Adopting the SEI Wealth Platform will allow us to meet client needs in an efficient manner through one integrated technology platform."
SEI Wealth Platform senior vice president, North America private banking Al Chiaradonna said: "Additionally, further leveraging SEI’s market-leading securities-processing capabilities; will enable them to put greater focus on client service, providing a tangible business impact and significant growth opportunity. We are proud to support one of the leading banks across the South, Midwest and Texas."
