Source: SEI Investments
SEI Investments (NASDAQ:SEIC), a leading provider of outsourced asset management and investment technology solutions, announced today that San Francisco-based Wells Fargo & Company has renewed its contract with SEI for portfolio processing and accounting and performance reporting solutions.
SEI's portfolio processing and accounting system is the longstanding industry leader in the large bank market and is used by seven of the top ten largest U.S. banks, a list that includes Wells Fargo.
"We are extremely proud to have a relationship with Wells Fargo," said Robert Crudup, Executive Vice President and head of SEI's Private Banking and Trust business. "They are a prestigious national bank and a valued client."