The UK Private Banking business of SEI has agreed to a seven-year extension of its contract with Fusion Wealth, a bespoke technology solutions provider for wealth managers and financial planners.
The relationship between the UK Private Banking business, the SEI business unit behind the SEI Wealth Platform, and Fusion Wealth began in 2011. Since then Fusion has grown to support more than 30 wealth management firms and private banks, all of which are all powered by the SEI Wealth Platform.
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The SEI Wealth Platform provides integrated wealth-management infrastructure for Fusion’s client base to actively manage their customers’ portfolios.
As per the terms of the latest deal, SEI and Fusion will work together until at least 2023.
Brett Williams, managing director, SEI Wealth Platform, UK Private Banking, said: "The relationship with Fusion is a true partnership and we have enjoyed a close working bond with the Fusion team over the past four years.
"We are pleased to have the commitment to extend the contract until at least 2023. Our combined approach provides a powerful offering, which allows individual wealth management firms to focus on developing their proposition and service."
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By GlobalDataFusion Wealth chief executive Ian Cooke said: "We are delighted to extend our contract with SEI for a further seven years. Our partnership with the business has been instrumental to our continued rapid growth and has given us the opportunity to deliver a completely seamless end-to-end proposition to our clients.
"As partners, SEI and Fusion are committed to future innovation and we look forward to continuing to work together to provide the best possible solution for our clients."
