SEI (NASDAQ: SEIC) has announced a strategic investment of $10 million in TIFIN, a leading innovation platform accelerating the adoption of artificial intelligence (AI) in wealth management. The partnership is aimed at enhancing and personalizing client experiences and supporting business growth. Sneha Shah, Head of New Business Ventures at SEI, stated, "The industry is changing faster than ever, and it likely won’t slow down in the future. Like many emerging trends, AI has tremendous potential to disrupt financial services, as well as accelerate opportunity, access, and impact."
She added, "Working with the right strategic partners during times of intense change can increase speed, confidence, and agility. TIFIN’s proven expertise in efficiently building startups at the intersection of AI and wealth—as well as their core values and organizational culture—align with our strategic focus on talent, culture, and growth. We are excited to bring our teams together to build brave futuressm through the power of connection."
Vinay Nair, Founder and CEO of TIFIN, expressed enthusiasm about the partnership, stating, "We are in a golden age of applying AI to help deliver better individualized advice and more relevant investment products to more people. TIFIN has built and continues to build products to accelerate this future. SEI has the scale and distribution to detect opportunities and deliver the solutions needed. This makes it a powerful combination, and we are thrilled to partner with SEI. We believe that our cultural synergies, access to talent and expertise, and network of strategic partners will help power the future of wealth."
The company's full 8-K submission is available here.
