March 06, 2012 09:00 ET

SEI Advisor Network Lands Record Number of Advisors and Assets in 2011

SEI Advisor Network Added 529 Advisors and Generated More Than $5 Billion in Cash Receipts

OAKS, PA--(Marketwire - Mar 6, 2012) - SEI (NASDAQ: SEIC) today announced that 2011 was a record-breaking year for the SEI Advisor Network as it generated more than $5 billion in cash receipts and signed 529 new Registered Investment Advisors. The number of new advisors that joined SEI continues to increase rapidly and represents a 30 percent increase in new advisors from 2010.

"For the second year in a row, a record number of advisors joined SEI because we provide a holistic solution to their wealth management business. That includes differentiated investment strategies and a deep commitment to helping advisors run their firms more efficiently and, ultimately, more successfully," said Wayne Withrow, Executive Vice President and SEI Advisor Network Business Unit Leader. "In order to keep up, advisors have found they are spending more time on attracting and keeping clients and have less time for administrative and business activities. With that in mind, they are looking for ways to improve these areas so they can spend as much time as possible working directly with prospects and clients."

In 2011, SEI expanded each of its three core business functions: investment solutions, practice management support, and back office administrative services. Specifically, to help advisors manage volatility in 2011, SEI promoted its three managed volatility funds (U.S. Managed Volatility, Global Managed Volatility, and Tax-Managed Managed Volatility) and provided numerous webinars and client-ready communications on the topic. The U.S. Managed Volatility Fund, which was launched in 2004, outperformed the S&P 500 by more than 760 basis points in 2011. (Click here for the Funds' performance report.) SEI also unveiled a series of practice management workshops and a blog, "Practically Speaking," authored by John Anderson, Head of Practice Management Solutions. Additionally, SEI increased its efforts to partner with broker-dealers by providing greater support, especially around sales and marketing. From a back-office administrative capabilities perspective, SEI enhanced a number of technology tools including its Advisor Transaction Portal to help facilitate transactions in a streamlined and efficient manner.

"To meet the changing landscape, advisors need a support structure that enables them to fulfill their client obligations in multiple capacities," said Chuck Carrick, CFP, ChFC, Partner, of DMJ Wealth Advisors, LL C in Greensboro, North Carolina. "The competition for clients is fierce, and the more services an advisor can offer will ultimately translate to greater client loyalty and a substantially greater percentage of each client's assets managed."

To learn more about the SEI Advisor Network, please visit

About The SEI Advisor Network
The SEI Advisor Network provides financial advisors with turnkey wealth management services through outsourced investment strategies, administration and technology platforms, and practice management programs. It is through these services that SEI helps advisors save time, grow revenues, and differentiate themselves in the market. With a history of financial strength, stability, and transparency, the SEI Advisor Network has been serving the independent financial advisor market for more than 16 years, has more than 4,900 advisors who work with SEI, and $30.4 billion in advisors' assets under management (as of Dec. 31, 2011). The SEI Advisor Network is a strategic business unit of SEI. 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, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. For more information, visit

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