SEI's Institutional Nonprofit Business Adds More Than $500 Million in New Assets

OAKS, Pa., April 19 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced continued sales growth in its foundation and endowment institutional business with the addition of more than $500 million in new nonprofit assets under management during the previous two quarters. New clients have cited SEI's expertise in addressing the increasingly complex liquidity needs of nonprofits as one of the differentiators in the selection process. Other key 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.

SEI currently has more than 100 nonprofit clients and more than $4 billion in nonprofit assets under management.

"Investment committees see the value in delegating manager oversight to allow the committee to focus on more strategic initiatives around asset allocation, use of new asset classes and the overall mission of the organization," said Carolyn McLaurin, Vice President and Managing Director of SEI's Nonprofit Group. "This new business continues to validate this trend."

Through its outsourced model, SEI takes on fiduciary responsibility for researching, selecting and monitoring managers that fit the ongoing strategies for the asset allocation set forth by the client's investment committee. In addition to manager oversight, SEI's model provides clients with strategic advice around asset allocation decisions and their impact on the goals and objectives of the organization.

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 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