How would you measure the success of SEI's Wealth Platform?

Introduction

Measuring the success of SEI's Wealth Platform requires a comprehensive approach that considers multiple stakeholders and various aspects of the product's performance. To effectively evaluate this wealth management solution, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

SEI's Wealth Platform is a comprehensive wealth management solution designed for financial advisors, wealth managers, and their clients. It offers a suite of tools for portfolio management, financial planning, client reporting, and back-office operations.

Key stakeholders include:

1. Financial advisors and wealth managers (primary users)
2. End clients (indirect users)
3. SEI (platform provider)
4. Regulatory bodies

User flow:

1. Advisors onboard clients and input their financial data
2. Platform generates financial plans and portfolio recommendations
3. Advisors manage portfolios and generate reports
4. Clients access their information through a dedicated portal

The Wealth Platform aligns with SEI's strategy to provide comprehensive, technology-driven solutions for the wealth management industry. It competes with platforms like Envestnet and Orion, differentiating itself through its integrated approach and robust back-office capabilities.

Product Lifecycle Stage: Mature - The platform has been in the market for several years and continues to evolve with new features and integrations.

Software-specific context:

• Cloud-based platform with web and mobile interfaces
• Integrates with various third-party financial data providers and custodians
• Continuous deployment model with regular updates and feature releases