By utilizing SEI’s offering, the bank will improve its client experience, promote services and products in the intermediary market as well as offer clients access to efficient wealth management services.
As part of the deal, SEI will also support the bank’s operating model, including the underlying platform and practices that drive its wealth planning and asset management activities.
SEI said that the core of its offering is its Global Wealth Platform, which will provide the bank with a single wealth management infrastructure to actively manage client portfolios.
Northern Bank general manager of private banking and wealth management Jeremy Stewart said, "By outsourcing investment-processing services to SEI we will be able to navigate and adapt to an ever-changing market."
