SEI announced that Front Street Capital Management has selected SEI for custody and technology solutions. The company embraces a tightly integrated and single infrastructure that offers an end-to-end experience across every aspect of an advisor’s business, including a dedicated service and relationship management model.
Front Street is moving over $600 million in assets under management to SEI. And the Montana-based registered investment advisor invests client capital exclusively in purpose-driven companies that demonstrate ultra-long-term compounding ability and core values of management integrity, employee empowerment, teamwork, passion, long-term focus, and disciplined capital allocation.
For over 25 years, Front Street has been identifying companies that they believe continuously improve through stakeholder engagement. Front Street invests on the assumption that great managers can continually create more customer value by cultivating cultures that demonstrate cooperation, communication, trust, and continual improvement philosophies.
KEY QUOTES:
“SEI’s technology and advisor services capabilities are immensely important for us to provide more effective, efficient, and personal interactions and information for our growing client base, and SEI’s commitment to supporting our distinctive investing activities, while continually enhancing their platform’s capabilities, provided us the comfort to make the switch. SEI embodies our criteria for enduring, successful businesses, and that is also a key differentiator for us.”
– Michele Blood, Co-Founder and Chief Operating Officer at Front Street
“In today’s landscape, tight integration across technology and operations matters—particularly when it comes to efficiently running a business while providing a connected and collaborative experience for advisors and investors. For more than 30 years, we’ve remained a premier destination for financial intermediaries because of our ability to serve our clients based on their needs. We share Front Street’s commitment to providing exceptional client service, and we’re thrilled to support them in their mission and power their growth.”
– Gabriel Garcia, Head of RIA Client Strategy and Experience for SEI’s Advisor business
“We’ve been huge fans of SEI’s culture for decades and have always admired their team of 5,000 problem-solvers, who are passionate about providing more value to their customers every day. In fact, Front Street has long been an admirer of SEI, and we even designed our own collaborative office layout based on SEI’s headquarters. All these years later, we’re excited to partner with SEI, so we can deliver our clients a connected wealth management experience and continued focus on value creation.”
– Russ Piazza, Co-Founder and Chief Investment Officer at Front Street
