Oaks, Pa.-based fintech SEI has launched a brand new various funding market aimed toward wealth managers and monetary advisors.
A part of SEI Entry, the brand new digital market and instructional discussion board lets customers analysis methods and funds. It additionally contains subscription processing performance, permitting advisors to purchase funds from {the marketplace} through digital subscription paperwork, proprietary agency paperwork, custodian varieties and e-signature instruments.
SEI can be trying to leverage its place as a significant administrator of U.S. non-public property. As of Dec. 31, 2024, SEI Entry has processed greater than $4.9 billion in alts transactions
“SEI Entry not solely offers automated processing energy, however it would ship wider entry to in-demand various investments, elevated transparency and strong instructional instruments to assist advisors make assured, personalised monetary choices that align with their purchasers’ wealth targets,” Kevin Crowe, SEI senior vp and head of SEI Entry, stated in an announcement.
SEI’s market contains merchandise from Structure Capital Companions, Golub, Neuberger Berman, OpenVC, StepStone Group, Tall Bushes Capital Administration, Cantor Fitzgerald, Capital Sq., InvestX and others.
It additionally builds upon SEI’s December 2023 acquisition of Altigo, a cloud-based know-how platform that gives stock, e-subscription and reporting capabilities for various investments.
As of Dec. 31, 2024, SEI Entry helps greater than 250 wealth administration corporations and 165 fund managers, offering entry to roughly 300 various funding funds.
The transfer follows SEI’s December acquisition of LifeYield, a tax optimization software program firm. That deal was supposed to supply SEI and its shopper advisory corporations with real-time, automated, unified managed family capabilities.
Just a few months prior, SEI launched SEIGPT, its new framework for constructing generative AI functions.
SEI’s transfer comes amid a flurry of bulletins of stories from alts platforms. Final week, CAIS introduced a brand new management construction naming Tim Shannon and Brad Walker as co-presidents of the corporate. That adopted its announcement of a brand new functionality to let advisors combine and handle various investments inside third-party turnkey asset administration platforms and managed account platforms.
In different information, LPL Monetary launched LPL Alts Join, a full-service platform the place advisors can analysis, buy and handle various investments.
In the meantime, InvestCloud, a tech supplier for the advisory and wealth administration market, introduced various asset supervisor Apollo World Administration as a founding companion in InvestCloud’s Personal Markets Account Community, an initiative combining private and non-private property inside a single platform.
As well as, Apex Fintech Options introduced it was launching Apex Alts, a platform for managing various investments, with a deliberate begin towards the tail finish of the second quarter.
Lastly, Addepar, a know-how platform supplier to RIAs and wealth managers, introduced the launch of a number of new toolsets and options, together with Alts Knowledge Administration, Personal Fund Benchmarks, and money circulation forecasts inside Navigator.
