SEI to acquire a 57.5% stake in Stratos Wealth for $527m.

SEI, a provider of financial technology, operations, and asset management solutions, agreed to acquire a 57.5% stake in Stratos Wealth, a wealth management group, for $527m. "As we strive to impact advisors' success, we were seeking a partner that would not only provide investment capital, but also the expertise to help power growth. Working with SEI is a key aspect of our ongoing strategic vision, which provides advisors with the flexibility they need to achieve their goals. We're excited about this partnership because it strengthens our offerings. SEI's robust set of solutions and services will enhance our ability to operate at scale, while delivering advisors a highly personalized level of service," Jeff Concepcion, Stratos Founder and CEO.