SEI Added $3.8 Billion In Institutional Money in 1H21 And Expanded Its Strategies

SEI has announced continued global growth in its institutional business, adding 11 clients and nearly $3.8 billion in new outsourced chief investment officer (OCIO) and fiduciary management assets during the first half of 2021. Among SEI’s institutional clients added in 2021 are Greater Philadelphia YMCA and Real Estate Council of Ontario.

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“After nearly three decades, SEI continues to stand out in a crowded OCIO and fiduciary management marketplace due to our focus on delivering results, evolving our services and building a broad infrastructure,” said Paul Klauder, Executive Vice President of SEI and Head of SEI’s Institutional Group. “We leverage companywide capabilities and expertise to provide comprehensive and flexible solutions that address clients’ needs. Our investment in technology, depth of resources and overall client experience are why we continue to be the provider of choice for more than 440 institutional investors.”

SEI is a leading provider of outsourced investment management services and custom platforms to support insourced investment staffs. The company’s growth as a provider of outsourced investment management this year comes from new client conversions in the United States, the United Kingdom and Canada, as the company continues to invest in developing its overall capabilities for institutional investors around the globe. 

Since January 2020, SEI’s institutional business has added over $9.1 billion in new assets globally. Clients selected SEI for its overall scale and infrastructure, data aggregation and reporting capabilities, strong sponsor support, ability to provide custom investment and sustainability screens, and breadth of experience. 

“When hiring an OCIO, institutional asset owners, investment committees and other fiduciary decision-makers are looking for a provider capable of helping them address a broad set of challenges, often extending beyond traditional OCIO services,” said Michael Cagnina, Vice President and Managing Director of SEI’s Institutional Group in North America. “We look forward to partnering with all of our clients, and we are committed to working together to achieve their goals. We continue to focus on expanding our capabilities and providing the solutions and high-touch client interaction that address each client’s unique challenges.”

The news comes only a week after SEI revealed the launch of the SEI Domestic ETF Strategies, adding five new asset allocation-based models to the SEI ETF Strategy family. The Strategies offer independent advisors enhanced investment flexibility through the SEI Wealth Platform. 

“Investors are increasingly looking to their advisors for lower-cost, tax-efficient and transparent investment solutions that can help them to achieve their financial goals,” said J. Womack, Managing Director of Investment Products and Services for Independent Advisor Solutions by SEI. “We’re excited to expand our ETF solutions and provide advisors the added flexibility to offer their clients a range of thoughtfully constructed and well-diversified model portfolios that emphasize domestic equity and fixed income exposures.”   

The new Strategies leverage SEI’s investment philosophy and oversight, as well as its long-standing expertise in asset allocation, to develop diversified portfolios comprised of ETFs from a wide range of leading investment managers. The underlying asset allocation models are designed to maximize risk-adjusted returns with options across a broad risk-return spectrum—all of which exclusively allocate to equity and fixed income securities issued by U.S. companies. 

“Personalized investment solutions are the heartbeat of an advisor’s ability to support their clients through effective goals-based wealth management,” said Erich Holland, Head of Distribution and Engagement for Independent Advisor Solutions by SEI. “We’re thrilled to further expand our ever-growing suite of solutions, especially our existing Strategic ETF, Tactical ETF and Tax-Managed ETF Strategies family, with options that offer advisors both the choice and support their clients deserve.”     


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