Portfolio Intelligence and Analytics Solution Enhances Offering to Investment Teams
SEI announced the acquisition of Novus Partners (Novus), a global portfolio intelligence platform company, designed to expand SEI’s capabilities for both the institutional investor and investment management markets.
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“The financial services landscape is ever-evolving. Our markets continue to face an unprecedented pace of change, and we continuously seek opportunities to stay ahead of and manage this change,” said Alfred P. West, Jr., SEI Chairman and CEO. “By making strategic investments in our solutions and workforce, we drive growth and help our clients make confident decisions for their futures.”
Novus’ platform streamlines data management, performance measurement, reporting, attribution and look-through analysis in a single digital tool. The addition of these data management and analytics capabilities to SEI’s Enhanced CIO Platform helps meet the needs of the markets SEI serves. With Novus’ analytics tool for exposure, attribution and risk, SEI can provide large institutional investors and asset owners with a complete front-to-back-office solution across all asset classes.
SEI provides services across the continuum of institutional investors, ranging from those with internal investment operations to those that outsource investment implementation. SEI’s Enhanced CIO Platform supports investment teams and following the acquisition of Novus, SEI intends to enhance its current offering by integrating Novus’ global portfolio intelligence tool, now branded as SEI Novus, with SEI’s comprehensive investment intelligence and processing capabilities. SEI Novus will continue to provide asset managers with advanced portfolio intelligence, analytics and reporting technology in an effort to improve their overall investment programs and to allow them to share data and intelligence with large institutional investors and asset owners.
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“We identified a significant need among larger institutional investors for an end-to-end solution that provides enriched data and analytics. We believe the combination of SEI Novus’ front-end analytics capabilities with our extensive middle- and back-office investment processing capabilities and knowledge of institutional markets ultimately delivers that solution,” said Paul Klauder, Head of SEI’s Institutional Group. “We welcome the Novus team to the SEI family and look forward to their contribution to our client offering and our company’s growth.”
Founded in 2007, Novus pioneered the development of portfolio intelligence capabilities and works with more than 140 clients who manage over $4 trillion in assets. Key components of the acquisition for SEI included Novus’ broad geographic presence and the expertise of its talented workforce around portfolio analytics and the delivery of cloud-native applications. Following the acquisition, operations will continue in all four of Novus’s current global locations (New York, London, Austin and Zurich), and 49 of Novus’ full-time employees will join SEI.
“There is no better fit than SEI for Novus to accelerate its path. Like Novus, SEI has fintech roots and relationships with both asset owners and asset managers,” said Andrea Gentilini, Chief Executive Officer at Novus. “Because SEI provides many of the crucial data that our clients rely on to consume analytics within Novus, we believe institutional investors will finally get the one-stop platform they’ve been craving. All of us at Novus are very excited for our clients and about what’s to come.”
Globally, SEI currently works with over 440 institutional investors and more than 500 asset managers including 49 of the top 100 asset managers worldwide*. Novus currently works with 43 institutional investors and 102 asset managers. Novus processes private portfolio information on more than 15,000 public and private funds.
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