SEI Investments, an Oaks, Pa., investment manager, has announced that its private banking unit introduced an enhanced integrated managed account platform to U.S. banks.
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The company said Tuesday that the platform was introduced in response to emerging client needs and an industry moving toward integrated solutions.
South Carolina Bank and Trust Financial Corp. in Columbia, an SEI client for nearly three years, was the first bank to adopt SEI's Integrated Managed Account Program.
It is a component of SEI's comprehensive array of wealth management services.
SEI administered $426 billion of mutual fund and pooled assets and managed $197 billion at Dec. 31.
