Industry Trend for Increased Access to
Alternatives Presents Growth Opportunity
OAKS,
Pa., Sept. 10, 2024 /PRNewswire/ --
SEI® (NASDAQ:SEIC) today announced that investment
vehicles from KKR, a leading global investment firm, will be
available on SEI's platform that provides registered investment
advisors, broker-dealers, and their clients access to private
markets investments. SEI's e-subscription technology is designed to
provide increased access to alternative investments, greater
processing efficiency, and an improved advisor and client
experience.
With investments in alternative assets projected to grow by
$1.2 trillion over the next four
years,1 85% of wealth managers expect to increase
allocations to one or more alternative asset classes within the
next year.2 However, 55% of managers identified
operational challenges such as paperwork or administrative tasks as
impediments to adopting alternatives across their practice.2
The platform's technology workflow combines electronic
subscription documents, proprietary firm paperwork, custodian
forms, and e-signature capabilities to help ensure fast and
accurate alternative investment transaction processing.
Kevin Crowe, a Senior Vice
President at SEI, said:
"Investor demand for alternative investments continues to
increase, and this trend presents tremendous opportunity to broaden
access to alternatives for advisors and wealth managers, while
delivering the capabilities for enhanced portfolio diversification.
With SEI's unmatched industry position, we build the cross-market
connections that can enable this access, and we're thrilled to add
KKR to our platform."
Currently used by more than 250 wealth management firms and 165
fund managers, SEI's alternatives platform has processed more than
$4.3 billion in alternatives
transactions across more than 19,000 subscriptions.3 In
December 2023, SEI acquired Altigo, a
cloud-based technology platform that provides inventory,
e-subscription, and reporting capabilities for alternative
investments.
1 "U.S. Alternative Investments 2022: Delivering
Alternative Capabilities to Retail Investors," Cerulli Associates,
2022.
2 "The State of Alternative Investments in Wealth
Management 2023," CAIS, Mercer,
November 2023.
3 As of June 30,
2024.
About SEI®
SEI (NASDAQ:SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to help drive growth, make confident decisions, and
protect futures. As of June 30, 2024,
SEI manages, advises, or administers approximately $1.5 trillion in assets. For more information,
visit seic.com.
Company
Contact:
|
Media
Contact:
|
Emily Baldwin
|
Kerry Mullen
|
SEI
|
Vested
|
+1 610-676-3262
|
+1
917-765-8720
|
ebaldwin@seic.com
|
kerry@fullyvested.com
|
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SOURCE SEI Investments Company