Towry Signs New Seven Year Contract With SEI

Mark Shapland

13 May 2014

Wealth advisor has re-signed with wealth platform provider SEI until 2021.

SEI provides outsourcing for wealth managers, mostly centered around admin - including wealth processing services and wealth management programs, combined with business process expertise.

Towry originally launched on the SEI Wealth Platform in 2009, the second client to go live at the time. The firm cut 70 roles when it moved to SEI.

“We are pleased to extend our partnership with SEI for another seven years. We are focused on growth and SEI’s Platform is fundamental to our operational infrastructure and will play a key role in our ability to achieve success,” said David Percy, chief operating officer at Towry.

Launched in 2007, SEI now manages $582 billion in mutual fund and pooled- or separately-managed assets, including $239 billion in assets under management and $343 billion in client assets under administration.