Guardian Wealth Management has entered into an exclusive partnership with SEI, which will serve as its international platform provider for Guardian's offices worldwide.
The rollout starts in the UK where Guardian has already secured regulatory permission, with offices in the Middle East and Asia to be covered next.
Clients will be switched over to the new platform, which offers many funds, equities, bonds, gilts, structures and alternatives.
Guardian has decided to use only SEI's platform due to its multi-jurisdictional capabilities, the platform's seamless front and back office functionality, and its focus on back up support, said CEO David Howell (pictured) at Guardian's annual conference in Budapest.
Highlighting a 50% cost savings with SEI when compared to existing platforms, Howell said that having a single platform and processing partner would create consistency and would foster an international attitude to risk without a heavy UK bias.
The platform rationalisation will create asset databases on a territory basis, recalculating risk weightings more equally for use in client portfolios and portfolio origination.