SEI Supports Tifin With $10 Million Investment
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SEI, a financial technology company, is financing Tifin with $10 million. Tifin is a firm overseeing a host of AI-driven technology companies in the wealth and asset management industry.
The two companies are forming a strategic alliance to leverage SEI’s distribution and scale to propel the AI technology of Tifin to the wealth management industry.
SEI Aims To Revolutionize The Future Of Wealth Management
Tifin was established in 2018 as a financial technology studio, and in 2020, it developed into an operating company. It now consists of several businesses and has been supported by Broadridge, Morningstar, and JP Morgan.
Head of new business ventures at SEI, Sneha Shah, stated that the company needs a strong willingness and curiosity to challenge tradition.
The firm needs to think outside the box to realize the potential of AI in meeting their clients where and when they want, helping customers get signal in noise, and driving greater personalization. She highlighted that forming strategic partners with the right companies during periods of strong change can boost agility, confidence, and speed.
The Chief Executive Officer of SEI, Vinay Nair, pointed out that SEI has the distribution and scale to find opportunities and provide the needed solutions. This feature makes it a strong combination. He further stated that he is certain the company’s range of strategic partners, access to expertise and talent, and cultural synergies will impact the future of wealth.
SEI Solutions Seeks To Empower Diverse Clients with Comprehensive Financial Services
SEI Investment Firm is a financial services firm, with United States, Pennsylvania, and Oaks as its headquarters. The firm labels itself as a “global provider of investment operations solutions, investment management, and investment processing.
SEI offers services and products to private clients, investment managers, investment advisors, private banks, and institutions.
Through its partnerships and subsidiaries, the firm has gained significant interest in mutual funds and private equity.
SEI corporate headquarters is situated in Oaks, Pennsylvania with offices in Dubai, South Africa, Hong Kong, The Netherlands, Dublin, London, Toronto, and Indianapolis.
SEI was established in 1968 as Simulated Environments Inc. by its former Chief Executive Officer and current Executive Chairman Alfred West also known as AI West. Additionally, SEI developed an investment accounting and automated trust system for bank trust departments in the 1970s. Following a successive launch in the 1990s of a wealth management operating platform designed for fee-based investment and independent advisors.
