Fusion Wealth, the bespoke platform solutions provider for wealth managers and large-scale financial planners, has extended its existing long-term relationship with SEI (NASDAQ:SEIC) through a new deal that will see the pair work together until at least 2025.

Fusion Wealth first appointed the SEI Wealth Platform^SM in 2011 to provide an integrated wealth-management infrastructure for its growing client base. Since then, the business has expanded considerably and now provides a core solution for some of the leading Wealth Management and Financial Planning firms in the UK.

Both SEI and Fusion Wealth are focused on leveraging the benefits of their award winning collaboration.  The extended and expanded contract will facilitate the delivery of new solutions to market, including next generation retirement savings; improved adviser and customer services through the use of advanced and innovative digital services; and an enhanced customer reporting suite.

The decision to extend its relationship with SEI follows news that Fusion Wealth, owned by Benchmark Capital and powered by SEI, will provide the technology for the financial planning joint venture announced last month by Lloyds Banking Group and Schroders.

Ian Cooke, Chief Executive, Benchmark Capital, parent company of Fusion Wealth, said:

"Our relationship with SEI has already been a long and hugely successful one allowing us to deliver a completely seamless end to end proposition to our clients. By extending our existing contract in this way we are confirming our commitment to the partnership whilst also being able to add considerable strength and depth to our offering at what is a hugely exciting time for Fusion and Benchmark Capital. SEI and Fusion share a commitment to innovation and we look forward to working together to provide the best possible solutions for both our existing clients and the new joint venture between Lloyds Banking Group and Schroders.”

Brett Williams, Managing Director, SEI Wealth Platform^SM, UK Private Banking, added: “Fusion’s decision to extend and expand its commitment to us is testament to the success of the relationship to date. This announcement shows great confidence from Ian and the team that SEI is the right partner to power their ambitious growth plans. We enjoy working with Fusion and share a common dedication to improving the end-customer experience through our approach which combines people, process and technology.”