SEI announced the completion of the first stage of its strategic investment in Stratos Wealth Holdings.
SEI purchased the U.S.-based Stratos business for approximately $441 million.
Founder and CEO Jeff Concepcion will continue to lead the Stratos business under its brand and as an affiliated business of SEI.
Business Partnership Highlights
SEI's strategic investment in Stratos shows a commitment to helping advisors scale and grow.
Client Service Continuity
Stratos' client service model and offerings will be reinforced by SEI's capabilities across technology, custody, operations, and asset management.
Growth Opportunities in Wealth Management
SEI believes in the value of advice and aims to enhance solutions and services for intermediaries to drive sustainable growth.
- The partnership between SEI and Stratos enhances SEI's ecosystem with an advice platform respecting advisor independence.
- SEI's strengths in administration, asset management, and advice delivery combined with Stratos' offerings position the businesses for future success.
SEI's strategic investment in Stratos Wealth Holdings marks a significant step in enhancing advisor services and driving sustainable growth within the wealth management industry.