21 October 2014

Centier Bank goes live with SEI's wealth management platform

24 January 2013  |  1357 views  |  0 Source: SEI

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."

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