February 05, 2014 09:30 ET

SEI Adds Over $6.7 Billion in New Institutional Assets in 2013

Company Experiences Record Two-Year Growth in Institutional Business

OAKS, PA--(Marketwired - Feb 5, 2014) - SEI (NASDAQ: SEIC) today announced the company added over $6.7 billion in new global institutional assets in 2013, achieving record institutional sales and growth over a two-year period. Since the start of 2012, SEI has added over $16.1 billion in new institutional assets representing the highest total of new assets over a two-year period in the history of the company's institutional business. Among SEI's recently added U.S. clients are Hunterdon Healthcare System, Indianapolis Power & Light Company, Supreme Council Northern Masonic Jurisdiction, Episcopal Presbyterian Charitable Trust, Harry C. Trexler Trust, The City of Reading Police Pension Fund, The National Association of Convenience Stores and UA Local 51.

SEI's significant institutional sales growth can in part be attributed to an increased interest in discretionary asset management and investment delegation solutions. SEI's open architecture investment model continues to appeal to larger institutional investors as it provides flexibility and customization around how those investors build their portfolios.

"Globally, institutional investors realize the value in how SEI's depth of resources and experience can enhance their overall investment management process. Our flexible and customized approach allows our clients to leverage those resources and that experience in the ways that best supports their organizational goals," said Edward Loughlin, Executive Vice President, SEI and head of SEI's Institutional Group. "The continued growth of SEI's institutional business confirms the company's presence as a global leader and innovator in providing investment delegation services."

In the U.S., SEI's significant institutional sales growth can be attributed to ongoing interest from retirement plans (both defined benefit and defined contribution) as well as increased interest in delegated investment management services among healthcare and non-profit organizations.

"The trend towards a discretionary model is a direct result of institutional investors looking for ways to strengthen their current investment management process despite limited internal resources," said Paul Klauder, Vice President and Managing Director, SEI's Institutional Group. "The industry is wrought with newcomers offering this approach and investors want an experienced partner. SEI's 20-plus-year track record and extensive client base is clearly setting us apart." 

About SEI's Institutional Group
SEI's Institutional Group is one of the first and largest global providers of delegated fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to more than 450 retirement, non-profit and healthcare clients in seven different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modelling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information visit:

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $559 billion in mutual fund and pooled or separately managed assets, including $232 billion in assets under management and $327 billion in client assets under administration. For more information, visit

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