SEI Archway, a US-based technology provider to the private wealth industry, has launched a new office in Indianapolis, Indiana.

SEI Archway offers accounting, investment management and reporting solutions to family offices, private banks, private wealth advisers as well as alternative asset managers. The company was formed through the acquisition of Archway Technology Partners by SEI in July last year.

The new office will accommodate the firm’s product support, implementation consulting, fund accounting, product design, software development and quality assurance teams.

SEI Archway CEO Jason Brown said: “Since joining SEI last July, we have intensified our focus on client service and product development. Our new office space is uniquely suited to foster creativity and innovation among our employees as we continue to develop solutions that help our clients efficiently solve their most pressing business issues.”

In the past one year, SEI Archway has added several new family office clients to its platform, increasing its assets under management to over $300bn. According to SEI, the move to the larger office reflects this growth.

SEI executive vice president and SEI investment manager services division head Steve Meyer said: “With the addition of SEI Archway’s unique technology platform and service capabilities, we have been able to expand our relationship with existing SEI clients while continuing to effectively service existing family office clients.

“This growth validates our belief that the combined competencies of SEI and SEI Archway will drive the next wave of innovation and client service within the family office market.”