Clermont Trust USA Goes Live on the SEI Wealth Platform
Rhea-AI Summary
SEI (NASDAQ:SEIC) announced that Clermont Trust USA is now live on the SEI Wealth Platform (SWP) using a streamlined SWP configuration and an accelerated implementation model designed for regional and community banks and trust companies managing <$1 billion in assets.
The arrangement offers end-to-end infrastructure, access to SEI asset management, advisor and client portals, advanced reporting, business process outsourcing, and on-demand industry expertise. SEI reported $1.3 trillion in assets on SWP and $7.1 trillion on its wealth management platforms as of Dec 31, 2024.
Positive
- $1.3 trillion in assets on SEI Wealth Platform as of Dec 31, 2024
- $7.1 trillion total assets on SEI wealth platforms as of Dec 31, 2024
- Streamlined model targets firms managing <$1 billion in assets
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SEIC declined 1.49%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SEI Introduces Streamlined Implementation Model and Scalable Platform for
Community Banks and Trust Companies
Commenting on the strategic partnership, Bob Hogan, President and CEO of Clermont Trust
"We're committed to delivering highly customized trust and advice solutions that combine our team's deep fiduciary experience with the flexibility and high-level service our clients deserve. Whether it's navigating complex wealth needs, adapting to a changing regulatory environment, or streamlining front-to-back-office operations, we know these challenges can only be solved with scalable, integrated solutions.
"The SEI Wealth Platform gives us a powerful, end-to-end infrastructure and a broad set of capabilities that can grow alongside our business, helping us meet client needs quickly and at scale. SEI's tailored implementation approach made it possible for us to get up and running fast, with little to no disruption across our business operations. As we work to deliver a more unified trust and wealth experience for our clients, SEI's solutions and in-depth industry expertise give us the flexibility and scale to fuel our future growth."
The streamlined SWP configuration is designed to offer community banks and trust companies a comprehensive suite of services and capabilities and inherent access to SEI's asset management offering. The solution can be implemented on a condensed implementation timeline, allowing firms to swiftly transfer assets, enhance their technology and user experience, and gain operational efficiency. SEI's trust accounting and wealth management ecosystem of solutions for community banks and trust companies includes:
- Direct access to SEI's tailored investment strategies and sophisticated asset management tools to support them
- An end-client portal and advisor views for transparent, interactive access to customers' financial information
- Advanced reporting and analytics tools that deliver critical wealth insights
- Comprehensive business process outsourcing
- Add-on platform services and on-demand access to industry expertise to support scale and growth
Sanjay Sharma, Global Head of SEI's Private Banking business, added:
"Serving trust companies and regional and community banks has been integral to our business for more than 55 years, and we understand the increasing challenges they face in a dynamic and competitive wealth management landscape. They are seeking greater access to asset management solutions in addition to cost-effective, modern solutions that replace inefficient legacy systems. However, access to robust, integrated platforms has largely been impeded by soaring technology costs and complex implementation models that cater to the larger end of the market.
"We developed this streamlined technology and implementation model with a focus on speed to market and flexibility to reduce costs. A scalable, open-for-business foundation gives our clients ongoing access to the benefits of the SEI Wealth Platform's advanced infrastructure alongside the breadth of our technology, operations, and asset management capabilities. The model enables us to be a true strategic partner to clients like Clermont Trust
As of December 31, 2024, SEI has approximately
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 September 30, 2025, SEI manages, advises, or administers approximately
About the SEI Wealth PlatformSM
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. For more information, visit seic.com/wealthplatform.
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Company Contact: |
Media Contact: |
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Leslie Wojcik |
Eric Hazard |
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SEI |
Vested |
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+1 610-676-4191 |
+1 917-765-8720 |
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lwojcik@seic.com |
eric@fullyvested.com |
View original content:https://www.prnewswire.com/news-releases/clermont-trust-usa-goes-live-on-the-sei-wealth-platform-302597237.html
SOURCE SEI Investments Company
FAQ
What did SEI announce on October 29, 2025 about Clermont Trust USA (SEIC)?
How much assets does SEI report on the SEI Wealth Platform (SWP) as of Dec 31, 2024 for SEIC?
What client segment does SEI's streamlined SWP configuration target for SEIC?
What capabilities does the SEI Wealth Platform offer to Clermont Trust USA (SEIC)?
Does the SEI announcement state expected implementation timing for SEIC clients?
How large are SEI's total wealth management platform assets reported by SEIC?
