Oaks, Pa.-based fintech SEI has launched a brand new different funding market geared toward wealth managers and monetary advisors.
A part of SEI Entry, the brand new digital market and academic discussion board lets customers analysis methods and funds. It additionally contains subscription processing performance, permitting advisors to purchase funds from {the marketplace} by way of digital subscription paperwork, proprietary agency paperwork, custodian types and e-signature instruments.
SEI can also be trying to leverage its place as a serious administrator of U.S. personal property. As of Dec. 31, 2024, SEI Entry has processed greater than $4.9 billion in alts transactions
“SEI Entry not solely supplies automated processing energy, however it should ship wider entry to in-demand different investments, elevated transparency and sturdy academic instruments to assist advisors make assured, personalised monetary selections that align with their purchasers’ wealth targets,” Kevin Crowe, SEI senior vp and head of SEI Entry, mentioned 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 different investments.
As of Dec. 31, 2024, SEI Entry helps greater than 250 wealth administration companies and 165 fund managers, offering entry to roughly 300 different 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 companies with real-time, automated, unified managed family capabilities.
A number of months prior, SEI launched SEIGPT, its new framework for constructing generative AI purposes.
SEI’s transfer comes amid a flurry of bulletins of stories from alts platforms. Final week, CAIS announced a new leadership structure naming Tim Shannon and Brad Walker as co-presidents of the corporate. That adopted its announcement of a new capability to let advisors combine and handle different investments inside third-party turnkey asset administration platforms and managed account platforms.
In different information, LPL Monetary launched LPL Alts Connect, a full-service platform the place advisors can analysis, buy and handle different investments.
In the meantime, InvestCloud, a tech supplier for the advisory and wealth administration market, introduced different asset supervisor Apollo World Administration as a founding partner in InvestCloud’s Private Markets Account Network, 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 different 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, announced the launch of several new toolsets and features, together with Alts Knowledge Administration, Personal Fund Benchmarks, and money movement forecasts inside Navigator.
