SEI said that this development will ensure Berry is well positioned to maintain its customer service offering.
Berry Asset Management CEO Jamie MacLeod said that by investing in SEI’s market-leading technologies, and working in close collaboration, they can focus on their core activity, managing assets (and investment reporting) for High Net Worth Individuals and supporting their introducers, whilst SEI delivers some, but not all, of the administration support function.
SEI managing director Global Wealth Services in the UK Ryan Hicke said that Berry is a widely respected, award-winning brand in the UK wealth management space, which exemplifies client service and investment excellence.
"We have worked closely over the past year with both their client teams and executive teams to jointly develop a model where Global Wealth Services can provide an infrastructure to deliver to Berry’s current premium levels," added Hicke.
