SEI Extends Long-term Relationship With Bar Harbor Wealth Management; SEI To Power Continued Business Transformation For Community Bank
Portfolio Pulse from Happy Mohamed
SEI (NASDAQ:SEIC) has extended its strategic partnership with Bar Harbor Bank & Trust through March 2028. The partnership aims to support Bar Harbor Wealth Management's growth and expanded offering to their clients through the SEI Wealth Platform and business process outsourcing solution. The collaboration has evolved from delivering a technology-only solution to supporting the trust and wealth management consolidation into Bar Harbor Wealth Management.
August 17, 2023 | 1:08 pm
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POSITIVE IMPACT
The extended partnership with SEI could support Bar Harbor Wealth Management's growth and expanded offering to their clients.
The extended partnership with SEI will provide Bar Harbor Wealth Management with a unified infrastructure to drive their strategic business growth objectives, potentially increasing its client base and revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SEI's extended partnership with Bar Harbor Bank & Trust could potentially boost its revenues and strengthen its position in the wealth management industry.
The extended partnership with Bar Harbor Bank & Trust will allow SEI to continue providing its wealth platform and business process outsourcing solution, potentially increasing its revenues and market share in the wealth management industry.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80