SEI has extended its contract with Veritas Invesment Management for another three years.
It means the platform provider has extended its contract with all of its current clients, which include Brewin Dolphin, Towry and Tilney Bestinvest.
Figures published by SEI show its net flows in the UK reached £3.6bn during the first three quarters of 2016 – a 38 per cent increase on the same period of 2015.
Brett Williams, managing director of SEI Wealth Platform UK Private Banking, said having a “secure” base of existing clients would allow the company to grow more quickly.
He said: “As the industry continues to adjust to the broader technological upheaval impacting the market, we are finding that both current clients and prospects are aware of the need to update their systems to cope with today’s turbulent conditions.
“Firms that two years ago said they would never outsource non-core elements of their proposition, such as technology, are now contacting us to initiate conversations.
“The Veritas re-contract exemplifies how we can use our prior experiences working with clients to help them better meet the changing demands of consumers.
“Our 2017 outlook is extremely positive with a strong new business pipeline and the re-contracts of an entire existing client base.”
In July SEI’s business reached £30bn in assets under administration for the first time, a 19 per cent increase from the end of 2015.
Over the course of the year it has also won a number of new clients, including WH Ireland, Netwealth and Munnypot.
