The boost took AUA to £37.9bn and saw the number of clients using the SEI Wealth Platform, a provider of outsourced investment processing tech, hit 300,000 for the first time.
Asset flows were also up 50% on the same period last year which SEI said was due to what it saw as stronger investor sentiment.
Martin Steer, commercial director at SEI Wealth Platform, UK Private Banking, said: “The first half of this year has seen some uncertainty creep into the broader market, so it is very pleasing to see another period of strong growth for the platform.
“Notably, we fully completed the WHIreland on-boarding, while extending a key, long-term relationship with Tilney Bestinvest. We look forward to adding more clients in the coming months.”
He added SEI felt “well-positioned” to capitalise on opportunities over the rest of the year as regulatory pressure mounts and more wealth managers consider outsourcing non-core functions.
