The CAIS platform will integrate SEI Trade, SEI’s innovative, cloud-based solution for automating the paperwork-intensive process of handling, documenting, and tracking investors’ private fund transactions. Providing users with a high-touch, seamless, end-to-end platform experience, this integration will accelerate CAIS’s ongoing efforts to eliminate the cumbersome paper-driven and manual processes associated with investing in alternative investment funds.

The SEI Trade integration offers CAIS an industry-leading, technology-driven platform that provides intelligent subscription document completion, digital document management, workflow automation, and real-time tracking and transparency. SEI’s highly configurable solution will both strengthen and efficiently integrate with CAIS’s open-architecture platform offering, which includes access to a broad menu of alternative investment funds, due diligence and educational content, and performance reporting.

As usage of alternative investment strategies has increased within the independent wealth management channel, so has the demand for simplified investment workflow. CAIS and SEI believe the industry has reached an inflection point where key industry platforms can integrate to harness their respective core strengths and deliver a complete solution for advisers and their clients.

“SEI has had a history of providing comprehensive operational solutions for the private funds industry,” said Tim Shannon, President and COO of CAIS. "While meeting our high standards of scalability and data security, the integration of SEI Trade will further improve the exceptional experience our users already have on our platform. Additionally, embracing such forward-looking technology from an industry leader such as SEI allows CAIS to shift the focus of our considerable technology resources from other operational functions to revenue-generating solutions such as adviser engagement, product education and efficient fund distribution.”

“We are proud to partner with CAIS in its ongoing drive to revolutionise alternative product investing and enhance the experience of sophisticated investors and their trusted advisers,” said Jim Warren, Head of Solutions Strategy and Development in SEI’s Investment Manager Services division. “As SEI Trade has the flexibility to handle all major investment vehicles and transaction types, we look forward to supporting CAIS as it continues to grow their business and financial product marketplace platform. With SEI Trade providing a critical backbone to streamline back office processes, CAIS can continue to focus on improving the user experience for advisers and help them to achieve better outcomes for their clients through alternative investments.”

A member of the SEI executive team will also serve on the CAIS Advisory Council, a forum for key industry influencers to provide insight on the future state of the independent wealth management industry, as well as the CAIS platform.