SEI has renewed multi-year agreements with three clients to provide outsourced back-office investment accounting and processing services, as well as outsourced wealth management solutions.

These services are wrapped around a full suite of browser-based applications for private client account access, administration, investment management and open architecture tools.

"The duration and success of these relationships validates SEI's focus on helping our clients to grow their business," says Al Chiaradonna, senior vice president for SEI's private banks segment. "By choosing to outsource back- and middle-office functions to SEI, these wealth management firms are better positioned to concentrate on client-facing activities. These long-time clients are true partners to SEI and we appreciate their confidence in us; just as we look forward to propelling their growth into next-generation wealth management firms."

Franklin Street Financial Partners provides investment management and fiduciary services and has approximately USD2bn in assets under management. It has been an SEI client since 2002.

Pennsylvania Trust provides investment management and fiduciary services for individuals, families, and institutions and has more than USD1.4bn in assets under management. It has been an SEI client since 1996.

WoodTrust Bank is one of the largest privately owned, full service financial institutions in central and northern Wisconsin, serving over USD1.2bn in client assets. It has been an SEI client since 2000.

"Partnering with SEI for the last nine years has allowed us to simplify our business model and place our focus on value-added activities," says Chad Kane, president and chief operating officer of WoodTrust. "SEI's extensive knowledge of our business and long-term commitment to the wealth management industry makes them a reliable and valuable partner for us well into the future."