The US-headquartered firm has broadened the array of features on its dashboard wealth management clients.

SEI Private Wealth, part of US-headquartered SEI, has added technological features to its client dashboard to users can track their cash flow.

The firm has built a Cash-Flow Suite, which can be customized for clients; users can view a summary of trends, as well as all associated transactions. Data is shown in real time; clients can assign cash flows to various goals, including philanthropic objectives. The development comes from SEI’s recent strategic partnership with Quovo, a provider of account aggregation and data analytics for finance.

“The definition of wealth management has changed. The traditional approach lacks an in-depth understanding of financial outcomes, as well as coordination between advisors, and this can leave clients dissatisfied,” Michael Farrell, Managing Director of SEI Private Wealth Management, said.

“Technology can provide a greater level of transparency, and transparency is critical in executing a goals-based investment strategy for our clients,” he said. 

Among other features, the client dashboard has the “DocVault”, which uses automated workflows and templates to keep documents current and organized. Clients can view pertinent documents and determine what they’re missing, as well as invite their third-party experts to upload applicable paperwork on their behalf. 

(SEI Private Wealth Management recently received the Family Wealth Report 2018 “Best Implementation of a Technology Solution” award.)