In this episode, Jack Sharry talks with Allie Carey, Chief Strategy Officer, SEI Private Banking and Wealth Management. Allie focuses on strategic planning, global wealth management industry assessment, global go-to-market strategies, channel partnerships, and M&A opportunities.

Jack and Allie talk about the role of bank trusts and private banks in wealth management. Allie shares how banks can harness their vast client base to drive organic growth, the opportunities in private banking, and how technology and data transform how banks serve their clients. 

In this episode:

(00:00) - Intro

(01:51) - Allie's role at SEI

(03:10) - The need for evolving skill sets in the industry

(04:19) - How SEI serves clients

(08:03) - Opportunities for wealth management in the bank channel

(13:00) - SEI's growth strategies

(16:45) - Allie's thoughts on UMH

(18:14) - The future of private banks

(24:25) - Allie's key takeaways

(25:08) - Allie's interests outside of work

Quotes

"Banks have a massive client base across their different business lines. A wealth management business inside a bank can work with its commercial colleagues. They can work with their retail colleagues and their lending colleagues." ~ Allie Carey

"We're getting to the point where we could have some real advice across the lifecycle of someone delivered via technology, where humans are curating that, not creating it." ~ Allie Carey 

"Banks are well-positioned to win in wealth management. They have that near-end client base. They have the breadth of services to really serve the whole client." ~ Allie Carey

Links 

Allie Carey on LinkedIn

SEI

Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter

Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook