Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEI Increases Its Technological Footprint Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 5, 2017

SEI Increases Its Technological Footprint

Reported by Jennifer Qiao

SEI has acquired Archway Technology Partners LLC, an operating technology and service provider to the family office industries market.

Dana Grosser, head of corporate communications at SEI, tells MFWire that their "offices in Indianapolis, Denver, and New York City will continue to operate under the new SEI and Archway name, and the personnel will remain." Grosser continues to say that Archway is a good "cultural fit" and will mesh with "SEI's unique culture."

Archway will be renamed SEI Archway, and SEI Archway will operate as part of SEI's Investment Manager Services business.

"Archway's specialized technologies and deep knowledge of the private wealth services industry give us a more powerful, differentiated solution to a $7 trillion global family-office market that has been underserved by legacy service providers," states Steve Meyer, executive vice president of SEI and head of SEI's investment manager services division. "SEI's operating solutions, enhanced by Archway's capabilities, will help family offices, institutions, wealth managers, and asset owners better navigate this new operational frontier and service their clients more effectively."

Archway's reputation for its innovative technology and solutions made it a dominant service provider, and the acquisition will help expand SEI's position to become a leader in the family office services industry.

"This announcement represents a modest shift in SEI's long-held belief in purely organic growth. We believe there is value in growing through carefully considered strategic acquisitions that add to our expanding geographic footprint, market reach, platform functionality and expertise," states Alfred P. West, Jr., chairman and CEO of SEI. "Archway's stellar reputation in the family office industry, market-leading solutions, and talented, client-oriented employees make them a valuable addition to SEI, and we look forward to welcoming the Archway team into our culture and company."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use