SEI Wealth Platform(SM) Chosen by Washington Trust Bank for Wealth Management and Advisory Services

Largest Independently Owned Bank Headquartered in Pacific Northwest to Adopt SEI's Fully Integrated, Single-Infrastructure Wealth Management Platform


OAKS, PA--(Marketwired - Jul 24, 2013) -  SEI (NASDAQ: SEIC) today announced that Washington Trust Bank's Wealth Management & Advisory Services will adopt SEI's fully-integrated wealth management solution, the SEI Wealth Platform(SM) (the Platform). Washington Trust Bank is SEI's first U.S.-based, non-renewal client to sign on with the Platform. In signing the multi-year agreement, Washington Trust Bank will have access to SEI's end-to-end, open-architecture solution that supports all stages of the client relationship, including front-, middle-, and back-office processing services. When the conversion is complete, Washington Trust Bank will have 2,100 accounts and over $3 billion in assets under administration on the Platform. SEI first announced Washington Trust during its first-quarter 2013 earnings conference call.

"SEI's strategic partnership with Washington Trust Bank marks exciting U.S. growth for the SEI Wealth Platform," said Al Chiaradonna, Senior Vice President, SEI Wealth Platform. "A key goal for Washington Trust is increasing employee productivity and efficiency, and we are confident that switching to the Platform -- rather than continuing to use multiple, disparate systems -- will help Washington Trust achieve these goals. We look forward to working with Washington Trust, moving its end-client experience to the next level, and bringing its business into the future. This also represents another major milestone for SEI in the U.S. market. The momentum behind the SEI Wealth Platform is very exciting."

Washington Trust Bank's Wealth Management & Advisory Services offers a broad range of investment, trust, and estate planning expertise to guide individuals, families, entrepreneurs, companies, and professionals through complex financial decisions. Washington Trust Bank is the largest independently owned bank headquartered in the Pacific Northwest.

"When we learned the depth and advanced capabilities of the SEI Wealth Platform, it was obvious that SEI was the sole provider we wanted to work with moving forward," said Robert Blume, Managing Director of Wealth Management & Advisory Services, Washington Trust Bank. "The SEI Wealth Platform provides us with a single infrastructure that we know will help us streamline our systems and eliminate many manual data and compliance processes. Furthermore, their superior functionality is going to give us a significant advantage in the front office, which will allow us to strengthen our client relationships. We couldn't be happier to announce this partnership."

About the SEI Wealth Platform(SM)
The SEI Wealth Platform (the Platform) is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise. With the Platform, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market. The SEI Wealth Platform supports trading and transactions on 105 stock exchanges in 46 countries and 33 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit:

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $507 billion in mutual fund and pooled or separately managed assets, including $204 billion in assets under management and $303 billion in client assets under administration. For more information, visit

About Washington Trust Bank
Washington Trust Bank is the largest independently owned full-service commercial bank in the Northwest serving the region since 1902. A wholly owned subsidiary of WTB Financial Corporation, Washington Trust Bank has assets exceeding $4 billion. The bank is headquartered in Spokane, WA and currently has 41 branches and offices in Idaho, Oregon, and Washington.

Dana Grosser
+1 610-676-2459

Alex Dalgliesh
Braithwaite Communications
+1 215-564-3200 x116
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