Prosperity Taps SEI for New Investment Portfolios
Deal News | Jun 18, 2025 | SEI Investments Management Cor
SEI Investments Management Corporation has formed a strategic partnership with Prosperity IFA Limited, an independent financial adviser, to manage Prosperity’s customisable model portfolio service (MPS), dubbed Pegasus MPS. SEI, listed on NASDAQ as SEIC, is a key player in the financial technology, operations, and asset management services globally, managing over $1.6 trillion in assets as of March 2025. This partnership aims to bolster Prosperity's investment offerings by leveraging SEI's institutional expertise, global reach, and robust infrastructure, aiding Prosperity in providing value-driven, tailored portfolio solutions to their UK-based clientele. The partnership is set against a backdrop where third-party MPS providers have dominated UK multi-asset sales growth, emphasising the need for efficient, agile investment management solutions. Leaders from both firms, including Prosperity's CEO Simon Munday and SEI's EMEA Head of Asset Management Ian Love, underscore the collaboration's focus on client-centric investment excellence.
Sectors
- Financial Services
- Investment Management
Geography
- United Kingdom – Prosperity IFA operates primarily in the UK with their services accessible across the country, and the partnership targets growth in UK multi-asset sales.
- Global – SEI, as a global company, brings its worldwide financial technology and asset management services into the partnership.
Industry
- Financial Services – The partnership between SEI and Prosperity IFA relates to the delivery of financial services, specifically through discretionary investment management and financial advice.
- Investment Management – SEI and Prosperity IFA are involved in investment management activities, with a focus on creating tailored model portfolio services.
Financials
- $1.6 trillion – Amount of assets SEI manages, advises, or administers as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SEI Investments Management Corporation | Discretionary Investment Manager | Company | A global provider of financial technology, operations, and asset management services. |
| Prosperity IFA Limited | Independent Financial Adviser | Company | A UK-based firm offering unbiased financial advice and services, focusing on individualized client service. |
| Simon Munday | CEO and Founder | Person | CEO and founder of Prosperity IFA Limited, leading the strategic direction and partnerships of the firm. |
| Ian Love | Head of Asset Management for EMEA | Person | A representative of SEI, involved in facilitating the partnership with Prosperity IFA. |