SOURCE: SEI

SEI

August 06, 2015 08:30 ET

SEI Advisor Network Reaches $50 Billion in Assets Under Management; Organic Growth Bucks Industry Trend

Solution Enhancements Address Emerging Market Needs and Position Business for Continued Growth

OAKS, PA--(Marketwired - Aug 6, 2015) - SEI (NASDAQ: SEIC) Advisor Network announced today it has surpassed $50 billion in assets under management (AUM) for its TAMP business. As one of the largest TAMP providers in the industry, SEI Advisor Network continues to invest in its technology and infrastructure, attracting more and more independent financial advisors seeking investment outsourcing in order to spend more time serving clients.

"Independent advisors are experiencing enormous growth and SEI is focused on delivering a solution to advisors that will help investors be in a better position to meet their financial goals," said Wayne M. Withrow, Executive Vice President of SEI and Head of SEI Advisor Network. "We provide the safety and security advisors seek for their clients' assets and are spending millions of dollars to enhance our solution through a new custody platform, new practice management tools, and new investment solutions. SEI is deeply invested in helping independent advisors create more time to spend with their clients."

SEI has been committed to the financial advisor space for more than 23 years. Known for its innovative history of providing streamlined solutions for the financial services space, the company has attracted nearly 1,500 advisors over the last two-and-a-half years. The advisor business has seen an 18 percent increase in gross receipts from the first half of 2015 and has averaged over $1 billion a month in gross receipts from advisors using its solution in the last four months (March-June).

Unlike some TAMP providers, SEI Advisor Network has no account minimums. This, along with the company's robust Proposal Generation and Transition Teams, provide advisors with all the support needed to attract new clients and to make providing SEI solutions to existing clients as seamless as possible.

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 20 years, has over 6,100 advisors who work with SEI, and $49.8 billion in advisors' assets under management (as of June 30, 2015). The SEI Advisor Network is a strategic business unit of SEI. For more information, visit seic.com/advisors.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $661 billion in mutual fund and pooled or separately managed assets, including $262 billion in assets under management and $399 billion in client assets under administration. For more information, visit seic.com.

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