SEI Named a Finalist for Nonprofit 'Multi-Manager of the Year'

OAKS, Pa., July 13 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced that the company is a finalist for nonprofit "Multi-Manager of the Year" at the 10th Annual Nonprofit Awards for Excellence sponsored by Foundation & Endowment Money Management Magazine (FEMM). SEI was selected based on its sales and client service accomplishments over the past year, as well as industry input solicited by the editorial staff during the nomination process. Determining factors included innovative investment strategies, attentive client service, and tailored approaches specific to the needs of nonprofits.  

According to the criteria, nominees in this category provide either a manager-of-managers model, or an "outsourced chief investment officer (CIO)" model for investment management. A manager-of-managers model permits nonprofit investment committees to delegate manager selection, monitoring, and termination to an outside co-fiduciary partner, allowing the committee to focus on more strategic asset allocation decisions. The "outsourced CIO" model typically provides organizations with limited internal resources, but provides access to an external partner that functions like an in-house investment staff.

"SEI offers our nonprofit clients an approach that combines both of these models. We deliver the co-fiduciary protection with our manager-of-managers model, as well as unlimited access to the research, advice, and expertise of our investment professionals," said Carolyn McLaurin, Vice President and Managing Director of SEI's Nonprofit Group. "We are proud that our clients and the industry recognize the value of this comprehensive and integrated approach."

Over the past year, SEI has added 17 new endowment, foundation, and healthcare investment pool clients, representing more than $2 billion in new assets under management. New clients have cited the company's expertise in addressing the increasingly complex liquidity needs of nonprofits as a key reason they chose SEI. Other factors include diversification on the asset class and manager level, customized socially responsible investing options, and SEI's ability to take on fiduciary responsibility for manager evaluation, termination, and replacement.

Winners will be announced at the 10th Annual Nonprofit Awards for Excellence to be held in Carlsbad, CA on Sept. 20, 2010.

About SEI's Institutional Group

SEI's Institutional Group delivers integrated healthcare, retirement and nonprofit investment solutions to more than 500 global institutional clients (of which 340 are U.S. based) in six different countries. SEI enables clients to meet financial objectives, reduce business risk, and fulfill their due diligence requirements through implemented fiduciary management strategies for defined benefit plans, defined contribution plans, endowments, foundations and other balance sheet assets. For more information, visit www.seic.com/institutions.

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 March 31, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $394 billion in mutual fund and pooled assets and manages $162 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