SEI win outsource deal with The Cavanagh Group

Date: 16 Mar 2010


The Cavanagh Group, one of the UK’s largest IFAs who won “Financial Adviser of the Year” and “Client Focused Adviser of the Year” at the 2009 ACQ Country Awards and has ¬£1.5bn AUM through both advisory and discretionary channels, has signed with SEI to outsource its internal operations.

SEI’s unique Global Wealth Platform (the Global Wealth Platform (GWP), launched three years ago supports trading through 85 stock exchanges in 43 countries, transacting in 28 currencies using straight through processing), will support Cavanagh’s growth by providing a scalable, repeatable acquisition model for all new business, a conversion plan for the existing client assets, and a broader exposure to additional SEI solutions.

Joseph P. Ujobai, Executive Vice President, SEI’s Private Banks segment, said: “SEI’s Global Wealth Platform will allow Cavanagh to enhance the services they already offer to their clients, and help manage increasing regulations.”

Cavanagh has grown both organically and through acquisition since 1996. The purchase in 2003 of Ernst & Young Financial Management, the independent advisory arm of Ernst & Young LLP was a significant milestone which was closely followed by the formation of the actuarial arm CPRM in 2004 and the acquisition of JRG Financial Consultancy (JRG) in 2007.

back to news