SEI announced that U.S. wealth managers utilizing the SEI Wealth Platform (SWP) can view and manage assets custodied with third parties through an advanced integration with SWP's proprietary core accounting engine. SEI's enhanced technology combined with the strength of its operational processing and reconciliation services enables the enhanced aggregation of high-fidelity data. By maintaining robust, accurate data at the core accounting level, SEI's transformational multi-custody capability enables a seamless experience across internal and third-party custody accounts and helps ensure data consistency across any front- and middle-office solution integrated into SWP.

Benefits include: Greater transparency of a customer's total assets, regardless of where they're custodied; Tailored advice based on a complete financial picture; Ability to manage both custodied and held-away assets through a single process and experience; Centralized governance of acquired books of business without a custody migration. By synching high-fidelity data with the custodian, organizations can operate within a unified infrastructure for front-, middle-, and back-office applications and services. The advanced aggregation service enables an internal custody experience for external custodied assets within SWP, including capabilities such as: Real-time transaction creation; Tax lot creation, maintenance and reconciliation; Accurate gain/loss reporting; More robust performance reporting and portfolio analysis.

Six U.S. wealth management clients are utilizing this capability through SWP, with more than a dozen preparing for future deployment. Currently, more than 230 third-party custodians feed data into SWP, representing more than $50 billion in assets.