Aquiline Completes Acquisition of SEI's Family Office Services Business
Rhea-AI Summary
SEI (NASDAQ:SEIC) has completed the sale of its Family Office Services business to Aquiline, a private investment firm focused on financial services and technology. The business will now operate under the name Archway, effective June 30, 2025.
The Archway Platform, which supported $733 billion in assets as of March 31, 2025, provides integrated technology and outsourced services for family offices and financial intermediaries, specializing in accounting, investment management, and reporting solutions for ultra-high-net-worth families.
Morgan Stanley & Co. LLC acted as financial advisor to Aquiline, with Ropes & Gray LLP serving as legal counsel. Holland & Knight served as legal counsel to SEI in the transaction.
Positive
- Platform manages significant scale with $733 billion in assets
- Business maintains market-leading position in family office services
- Strategic acquisition by specialized financial services investment firm
Negative
- SEI divests a revenue-generating business unit
- Potential loss of family office services vertical for SEI
News Market Reaction
On the day this news was published, SEIC gained 1.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vincenzo La Ruffa, Managing Partner at Aquiline, said:
"The intricate nature of many family offices requires a robust infrastructure that can support the complexity of their wealth and investments. For decades, the Archway PlatformSM has streamlined investment management, operations, and reporting functions to enable efficiency and growth. We are excited to invest in Archway to support the continued success of their clients. SEI's depth of expertise across the financial services industry has been invaluable throughout this process."
Sandy Ewing, Former Head of SEI's Family Office Services business, added:
"Aquiline and SEI share a commitment to transforming client experiences through comprehensive technology solutions that deliver powerful financial insights. We are proud to have delivered best-in-class services to family offices through both the scale of our business and Archway's capabilities. We are confident Aquiline will continue to enhance the Archway Platform, drive industry adoption, and enable Archway's clients' success."
The Archway Platform is a market-leading solution designed to streamline operations and deliver sophisticated financial reporting for ultra-high-net-worth families. As of March 31, 2025, the platform supported
Morgan Stanley & Co. LLC served as financial advisor to Aquiline, and Ropes & Gray LLP served as legal counsel to Aquiline.
1Assets on platform is not indicative of potential revenue. |
About Aquiline
Aquiline Capital Partners LP ("Aquiline") is a private investment firm based in
For more information about Aquiline, its investment professionals, and its portfolio companies, visit www.aquiline.com.
About SEI®
SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of March 31, 2025, SEI manages, advises, or administers approximately
Forward-looking statements
This release contains forward-looking statements within the meaning or the rules and regulations of the United States Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology, such as "may," "will," "expect," "believe" and "continue" or "appear." SEI's forward-looking statements include its's current expectations as to the degree to which Aquiline will continue to enhance the Archway Platform, drive industry adoption, and enable Archway's clients' success.
You should not place undue reliance on SEI's forward-looking statements in this release, as they are based on the current beliefs and expectations of SEI's management and subject to significant risks and uncertainties, many of which are beyond the control of SEI's management and are subject to change. Although SEI's management believes the assumptions upon which it bases SEI's forward-looking statements are reasonable, they could be inaccurate.
Some of the additional risks and important factors that could cause actual results to differ from those described in SEI's forward-looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the United States Securities and Exchange Commission.
Company Contact: | Media Contact: |
Annabel Greenberg | Anthony Silverman |
Aquiline | Apella Advisors |
+44 7717-252-307 | +44 7818-036-579 |
Leslie Wojcik | Kerry Mullen |
SEI | Vested |
+1 610-676-4191 | +1 917-765-8720 |
View original content:https://www.prnewswire.com/news-releases/aquiline-completes-acquisition-of-seis-family-office-services-business-302494952.html
SOURCE SEI Investments Company
FAQ
What is the new name of SEI's Family Office Services business after the Aquiline acquisition?
How much in assets does the Archway Platform manage as of March 2025?
Who were the advisors in the Aquiline-SEI Family Office Services acquisition?
What services does the Archway Platform provide to family offices?
When did the Aquiline acquisition of SEI's Family Office Services close?
