The firm will migrate its existing book of business to the SEI Wealth Platform in 2019.

BMO Wealth Management (US) will adopt the SEI Wealth Platform as it looks to expand its technology output for its advisors and clients. 

The platform is a wealth management solution developed to support client relationship management, including front-, middle-, and back-office services, the firms said in a statement.

An SEI client since 2005, BMO Wealth Management will migrate their existing book of business, currently on SEI's legacy platform, TRUST 3000, to the SEI Wealth Platform in 2019. 

"Technology investments play a critical role in our growth initiatives and commitment to making our clients' wealth management experience more intuitive," said Sandra Henderson, chief operating officer at BMO Wealth Management US. "The SEI Wealth Platform provides a comprehensive and unified solution that will enable our teams to engage in deeper collaborations to help our clients better achieve their financial goals."

Twenty-one clients have signed on to adopt the SEI Wealth Platform, which includes 12 private banking firms that have already installed and another nine clients, including BMO Wealth Management, in various stages of implementation. Seven firms are scheduled to go live on the platform this year.

In October, this publication reported that Regions Bank, the US group, had gone live on the SEI Wealth Platform.