SEI Advisor Network Pledges 'No Fees, No Matter What' to Advisors

OAKS, Pa., Nov. 9, 2010 /PRNewswire/ -- In a program called No Advisor Fees, No Matter What, SEI Advisor Network, a business unit of SEI (Nasdaq: SEIC), today announced that it is committed to maintaining a no-fees policy for its existing and new advisor clients, regardless of the amount of assets a firm has under management. The policy comes amid a growing trend of industry providers charging advisors large maintenance fees if they fall below a minimum asset threshold. It also underscores SEI's commitment to providing best-in-class resources to all advisors, regardless of size.

"At SEI we want our advisor partners of all sizes and types to be focused on one goal – operating and growing their businesses successfully," said Steve Onofrio, Managing Director, SEI Advisor Network. "Advisors who have to worry about account minimums, asset minimums, and program fees can easily be distracted from what really matters – building their practices and consulting with clients. Through our current platform, we've proven that if you give advisors the tools to be successful, the economics will work for everyone. That's why we're committed to our 'no fees, no matter what' pledge and helping our advisors grow and maintain their practices, regardless of their position in their business cycles."

Despite its no fees policy for advisors, SEI continues to offer the industry's most scalable platform with the broadest range of outsourcing services to advisors of all sizes. Additionally, SEI continues to invest in its platform and to build out the tools and resources it provides to advisor clients. The company is set to launch several new platform features in the fourth quarter of 2010, including an automated marketing campaign generator and a dedicated advisor transaction portal.

The marketing campaign generator, designed to provide a technological solution to meet the marketing and communication needs of advisors, will give advisors a variety of easy-to-use email and direct-mail materials that can be effectively launched and managed with minimal effort. As part of this one-stop-shop system, located within the company's existing web portals, advisors will be able to produce effective marketing messaging through multiple touch points, schedule an entire year's worth of communications at one time, monitor results immediately, and provide clients with communications on their terms and in formats they find useful.

The advisor transaction portal will give advisors a more environmentally friendly way to process many of their forms through online access. Among other features, the dedicated advisor transaction portal will transmit forms within seconds (eliminating the need to fax or overnight documents), automatically send email alerts regarding transaction status, and accelerate the processing and revision process.

To learn more about the SEI Advisor Network, please visit www.seic.com/advisors.

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; trust, banking, and institutional services; 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 over 6,000 advisors who work with SEI, and $30.4 billion in advisors' assets under management (as of September 30, 2010).  The SEI Advisor Network is a strategic business unit of SEI. For more information, visit www.seic.com/advisors.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $402 billion in mutual fund and pooled assets and manages $164 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit http://www.seic.com.

SOURCE SEI