SEI has added over US$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 US$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.
Edward Loughlin, executive vice president, SEI and head of SEI’s Institutional Group, said: "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. The continued growth of SEI’s institutional business confirms the company’s presence as a global leader and innovator in providing investment delegation services."
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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.
Paul Klauder, vice president and managing director, SEI’s Institutional Group, said: "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. 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."