SEI (Nasdaq: SEIC) announced today that it has extended its multi-year agreement with Rockland Trust to assume operational responsibility for trust accounting, processing and other operational functions.
"Our company has been growing at 30 percent a year, and during this dynamic time, SEI has been a trusted partner that has helped support our business," said David Smith, Chief Investment Officer for Rockland Trust. "They provide broad capabilities and a deep understanding of the wealth management industry that allows us to focus on client-facing activities, further enabling our growth."
SEI will also be providing a full suite of browser-based applications for customer administration, performance reporting, as well as institutional and private client account access and open architecture tools.
"SEI and Rockland have similar visions for the long term future of the trust business," said David Campbell, Senior Vice President of SEI's Private Banking business. "We believe that our understanding of their end-customers' needs lends itself well to helping them continue to deliver first-class services to the market. We are committed to helping them succeed and excited to work with them as they grow their business."