SEI Advisor Network Signs 250 New Advisors and Receives $4.5 Billion in Assets for 2009

OAKS, Pa., March 4 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced that 2009 was a year of positive business growth for the SEI Advisor Network. The SEI Advisor Network signed on 250 new Registered Investment Advisors, increased assets under management to nearly $30 billion and generated $4.5 billion in new receipts. The number of new advisors that joined SEI represents a more than 40 percent increase from 2008.

"The market has made it clear that the breadth of our offering – including our expanded practice management capabilities – continues to be the right solution for many advisors," said Wayne Withrow, Executive Vice President for the SEI Advisor Network. "Ultimately, our ability to help our advisors succeed has enabled us to continue to grow."

The growth strengthens SEI's leadership position in the market. SEI provides turnkey wealth management services to more than 6,000 financial advisors. In 2009, the SEI Advisor Network introduced a number of new products and technology to the marketplace, including what Dalbar called among the best goals-based investing statements in the industry in the 12th Annual Trends and Best Practices in Investor Statements: Mutual Fund Report published in December, 2009. SEI continued to attract new advisors with its industry-leading practice management capabilities and services. One research initiative, "The Risk Dynamic," helped advisory firms identify various risks facing their practices in the current environment and identified a set of unique strategies to mitigate each of them.

"My clients trust me to deliver the best possible solution to meeting their needs. To me, that means continually evaluating and determining if better options exist out there," said Leslie Troisi, Vice President of Insight Financial, Keuka Park, NY. "As a result of that process, I decided that working with SEI will benefit my clients and my business.  I am confident that with SEI, I am in a better position to achieve my goals, my clients' goals and to grow my business, improve profitability, become more efficient and create a long-term business plan.

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 more than 6,000 advisors who work with SEI, and more than $29.7 billion in advisors' assets under management (as of Dec. 31, 2009). 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 December 31, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $392 billion in mutual fund and pooled assets and manages $158 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide.  For more information, visit www.seic.com.

SOURCE SEI