Centier Bank Goes Live With SEI's Global Wealth Platform
First US Bank Client to Adopt SEI's Fully Integrated, Single-Infrastructure Wealth Management Platform
OAKS, PA -- (Marketwire) -- 01/24/13 -- SEI (NASDAQ: SEIC) today announced that Centier Bank has become its first U.S. bank client to go live on the company's fully integrated wealth management solution, Global Wealth Platform (GWP). GWP provides wealth management firms with an end-to-end solution supporting all stages of a wealth manager's client relationships and all levels of an organization's processing, investment management, and end-client needs.
Through GWP, SEI will provide Centier Bank with investment and back-office core processing services, as well as outsourced management services and client services solutions. In addition, Centier Bank will benefit from the platform's comprehensive wealth management integration through all business lines such as private client, institutional, and custody businesses. GWP will also allow Centier Bank to utilize a models-based investment strategy.
Centier Bank, a financial services provider based in Northern Indiana, offers a full range of banking services to personal, business, and corporate customers. An SEI client for 15 years, Centier Bank has approximately 700 accounts and over $400 million in assets.
"We couldn't be more excited for Centier Bank to officially launch on our Global Wealth Platform," said Joseph P. Ujobai, Executive Vice President of SEI. "GWP is designed to help organizations reorient their businesses towards providing future value and long-term enterprise success. We look forward to supporting Centier as it focuses on deepening client relationships and continuing its business growth."
"After learning about SEI's Global Wealth Platform, it quickly became clear that converting to GWP offered us a great opportunity to reevaluate and grow our business," said Robert Scott, Senior Vice President of Wealth Management at Centier Bank. "The capabilities within GWP are unlike anything we've seen. The high level of customization, configuration, and approval functions embedded in the platform will unify and streamline our systems and processes. This will make activity management more accessible to our wealth managers and our end-clients, a true differentiator in our industry."
About SEI's Global Wealth Platform
SEI's Global Wealth Platform (GWP) is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise. With GWP, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market. GWP supports trading and transactions on 101 stock exchanges in 57 countries and 33 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit http://www.seic.com/enUS/private-banks.htm.
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $448 billion in mutual fund and pooled or separately managed assets, including $195 billion in assets under management and $253 billion in client assets under administration. For more information, visit www.seic.com.
About Centier Bank
Since 1895, Centier Bank has been a family-owned and managed financial services provider. Centier is now the largest privately-owned independent bank in Indiana, with more than $2.3 billion in assets, and remains committed to being owned and operated by the Schrage family in the future. The bank has retail banking locations in more than 22 communities throughout Lake, Porter, La Porte, Marshall, and Tippecanoe Counties in Indiana, with additional business banking locations serving Carmel/Indianapolis, Mishawaka, and Fort Wayne. For more information on Centier products and services, visit centier.com.