SEI Investments Company acquired an WealthForge Technologies, LLC for $12.5.
December 20, 2023
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SEI Investments Company (NasdaqGS:SEIC) acquired an WealthForge Technologies, LLC for $12.5 million on December 20, 2023. Altigo team members will join SEI.
SEI Investments Company (NasdaqGS:SEIC) completed the acquisition of an WealthForge Technologies, LLC on December 20, 2023. SEI Investments Company acquired substantially all of the assets comprising Altigo for total purchase price of $12.536 million.
SEI Investments Company provides technology and investment solutions that connect the financial services industry. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Its Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers, and financial advisers worldwide. Its Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the United States. The Institutional Investors segment provides outsourced chief investment officer solutions, including investment management and administrative outsourcing platforms to retirement plan sponsors, healthcare systems, higher education and other not-for-profit organizations worldwide.