According to Broadstone Pensions, the deal will enable them to manage its advisory and discretionary clients through the underlying SEI technology.
Currently the firm has over 1,500 clients and has around GBP1.1 billion assets under management.
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Further, the firm was rebranded Broadstone from BDO Investment Management in May 2011 after having been acquired by private equity firm Oakley Capital in November 2010.
The managing director of SEI Global wealth services is Ryan Hicke; while Mark Howlett is the chief executive of Broadstone.
SEI also powers a number of platforms including Towry, Paradigm’s corporate offering, True Potential and Bestinvest.
