SOURCE: SEI

SEI

May 18, 2011 10:00 ET

SEI Named 'Service Provider of the Year' at MMI Industry Leadership Awards

SEI Recognized for Contributions to the Sustained Growth and Success of Its Clients

OAKS, PA--(Marketwire - May 18, 2011) - SEI (NASDAQ: SEIC) today announced that it was named "Service Provider of the Year" at the annual Money Management Institute (MMI) Advisory Solutions Industry Leadership Awards ceremony. SEI was also among the finalists for "Technology Innovation or Operations Improvement of the Year." The award, presented on May 11 in Boston, affirms SEI's position in the industry as one of the largest and most respected outsourcing providers for managed accounts.

The award recognizes "the vendor or partner who best contributed to the innovation, growth and long-term sustainability of the advisory solutions industry." SEI's proven track record of providing clients with seamless conversions, scalable infrastructure, and best practice guidance has helped to grow the industry to a point where even the largest firms are comfortable outsourcing. With the recent addition of several high-profile clients, the company has significantly increased the number of accounts it's administering.

"We are honored to be recognized for the work our employees do," said Steve Meyer, Executive Vice President and President of SEI's Investment Manager Services division. "Our goal is to provide world-class service and to become a true partner to our clients by not only understanding their needs, but anticipating them. Managers used to be reluctant to outsource their operations, but our team has worked hard to prove that we can deliver worry-free outsourcing, while also helping our clients focus on navigating the evolving nature of this industry.

"MMI has played an active role in leading and supporting the managed accounts industry for a long time, so we are proud to be recognized by them for our achievements," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division. "Offering our clients technology and solutions that help their businesses is what we do. Our clients' satisfaction is our ultimate goal and their feedback as part of the awards process reflects that."

SEI provides a wide variety of outsourcing services for managed accounts, including account administration, reconciliation, and reporting using best-in-class technology solutions. Additionally, SEI also offers a number of key innovations, including an extensive application of workflow technology and advanced data management through the SEI Manager Dashboard.

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. The division applies operating services, technologies, and business and regulatory knowledge to each client's business objectives. Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by HFMWeek as "Most Innovative Fund Administrator (Over $30bn AUA)" and "Best Funds of Hedge Funds Administrator (Over $30bn AUA)," as well as "Service Provider of the Year" by the Money Management Institute. For more information, visit http://www.seic.com/enUS/im/347.htm.

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 March 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $429 billion in mutual fund and pooled assets or separately managed assets, including $179 billion in assets under management and $250 billion in client assets under administration. For more information, visit www.seic.com.

Contact Information

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    SEI
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