PHILADELPHIA and OAKS, PA — Aquiline and SEI® (NASDAQ: SEIC) have announced a definitive agreement under which Aquiline will acquire SEI’s Family Office Services business for $120 million. Upon completion, the business will operate as Archway, leveraging the recognized brand of SEI’s Archway PlatformSM in the family office segment.
SEI’s Family Office Services business provides integrated technology and outsourced solutions that unify the accounting, investment management, and reporting functions for family offices and divisions of financial intermediaries. Designed to address the unique needs of ultra-high-net-worth families, the Archway Platform simplifies complex operations while delivering sophisticated financial reporting. As of December 31, 2024, the platform managed $723 billion in assets, underscoring its strong market presence.
Commenting on the agreement, Vincenzo La Ruffa, Managing Partner at Aquiline, stated, “The Archway Platform has long been the premier provider of accounting and reporting software solutions to family offices across the country. Its powerful general ledger engine can support the most complex families, and we are excited to further invest and extend the platform. We are delighted to be partnering with SEI, a leader in the financial services industry who has shepherded this business for nearly a decade.”
The deal includes the transition of Family Office Services employees from SEI’s offices in Indianapolis, Denver, and Oaks. Key members of the business’s leadership team will also remain with Archway, ensuring continuity and expertise.
Sandy Ewing, Head of SEI’s Family Office Services business, added, “As part of SEI’s broader growth strategy, we’re committed to investing in the areas of our business where we believe we can drive growth, and for more than seven years, we’ve made substantial investments in the solutions and capabilities we deliver for the family office segment. Our talented team has worked tirelessly to build and grow this business, evidenced by its strong reputation in the family office market and our award-winning Archway Platform.”
Ewing further emphasized Aquiline’s role in the future of Archway’s success, stating, “Aquiline is a well-respected investment partner across the financial services industry. With their strategic commitment to transforming the client experience and streamlining complex family office operations, we believe they can accelerate growth and adoption of the Archway Platform across the private wealth landscape.”
The acquisition aligns with both companies’ long-term strategies. For SEI, the decision supports a focus on areas of the business with higher growth potential, while for Aquiline, the move represents an opportunity to enhance its footprint in the technology-driven private wealth management sector.
The transaction is expected to close in late Q2 2025, pending regulatory approvals and other customary conditions. Morgan Stanley & Co. LLC acted as financial advisor to Aquiline, with Ropes & Gray LLP providing legal counsel. SEI was represented by Holland & Knight as legal counsel.
This acquisition marks a pivotal step in extending Archway’s market reach while redefining service and technological solutions for family offices, setting the stage for accelerated growth in the evolving private wealth landscape.
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