OAKS, PA--(Marketwired - Jul 24, 2013) - SEI (
"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: www.seic.com/seiwealthplatform.
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.