Fusion Wealth First To Employ SEI’s New Web Services

LONDON, 12 July 2012 - Fusion Wealth, the bespoke technology solutions provider for wealth managers and IFAs, announced today that the company has completed the next steps in their integration with SEI’s (NASDAQ: SEIC) Global Wealth Services via the newly developed Web Services.

Fusion is the first of SEI’s Global Wealth Services (GWS) clients to use web services, in addition to a standard file transfer protocol, which enables further integration between GWS and the Fusion front-end portal. Web services aims to deliver a suite of services which provide various models for retrieving and updating data, as well as initiating business processes within the Global Wealth Platform using a combination of industry standard paradigms and accepted protocols.

Fusion’s use of web services further strengthens the company’s offering and promotes Fusion’s aim to provide open architecture on a global investment platform. This new service will help facilitate greater automation of business processes, leading to increased efficiencies and risk reduction. Web services is now available for all Global Wealth Services clients.

Since inception in 2011, Fusion Wealth has created a customizable cloud-based technology solution, which enables wealth management firms and IFAs to build their own platform in order to manage client assets. The solution combines best-of-breed investment products and tax wrappers to provide end investors with the best possible wealth management experience. The solution also provides valuable tools such as trade aggregation and tax harvesting to strengthen Fusion’s client proposition, which is invaluable in a time of heavy regulation and stiff competition.

Ian Cooke, Chief Executive, Fusion Wealth said:

“The use of web services will be of enormous benefit to wealth managers and IFAs as it allows straight-through processing of electronic applications from a firm’s client-management software direct into the trading solution and third-party wrappers, eliminating the need to rekey data.

“Automation and integration will be a significant factor in running an efficient and profitable business in the next few years. We will continue to innovate and build market-leading solutions for wealth managers and IFAs and are very excited about the opportunities that web services will facilitate.”

Commenting on the implementation, Ryan Hicke, Managing Director, SEI’s Global Wealth Services U.K., said:

“We are pleased to see Fusion Wealth take full advantage of the breadth of SEI’s Global Wealth Services offerings. The use of Web Services strengthens Fusion’s position as a leader in the market and we are excited to be part of their growth and long-term success.”

About Fusion

Fusion Wealth is an innovative Platform provider, which supplies technology solutions to the financial services industry. Fusion’s customers represent some of the best, most forward-thinking and award winning financial services groups iin the UK, and their technology helps them to deliver a truly unparalleled level of wealth management services to their clients. Fusion Wealth aims to build professional relationships with wealth managers and IFAs that believe in delivering something better and adding real value to their clients. http://www.fusionwealth.co.uk/.

About SEI’s Global Wealth Services

SEI’s Global Wealth Services is an outsourcing solution for wealth managers combining wealth processing technology and wealth management programs, coupled with business process expertise. The integrated offering aims to provide wealth management organisations the infrastructure, operations and administrative support necessary to capitalise on their strategic objectives in a constantly shifting market.

At the heart of the solution lies the Global Wealth Platform, which supports trading and transactions on 102 stock exchanges in 46 countries and 33 currencies, all using straight-through processing.

About SEI

SEI (NASDAQ:SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit www.seic.com.