SEI Investments Company
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| Industry | Financial Services |
|---|---|
| Headquarters |  Oaks, Pennsylvania |
| Key people | Alfred West, President & CEO |
| Total assets | $404 billion in mutual fund and pooled or separately managed assets (as of Dec. 31, 2011) |
| Employees | Approximately 2,400 (Dec. 2011) |
| Website | www.seic.com |
SEI Investments Company (SEIC traded on NASDAQ) is a financial services firm headquartered in Oaks, Pennsylvania, USA. The firm is a global provider of asset management, investment processing, and investment operations solutions. SEI provides products and services to institutions, private banks, investment advisors, investment managers, and ultra-high-net-worth families.[1] SEI was founded in 1968 by its current CEO and President Alfred P. West (also known as Al West). As of Dec. 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration.[2]
SEI operates principal offices in Toronto, London, Dublin, The Netherlands, Hong Kong, South Africa, Dubai, and South Korea.
SEI was ranked among Fortune’s 100 Best Places to Work from 2001 through 2005.[3] SEI was also named to the 2011, 2009, 2007, and 2006 Global Outsourcing 100TM by the International Association of Outsourcing Professionals (IAOP).[4]
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[edit] History
1968 SEI created the first computer-simulated training technology for loan officers.
1970s when bank trust departments were still largely functioning as a “paper and pencil” business, SEI developed a completely automated trust and investment accounting system.
1980s SEI integrated modern investment portfolio theory with comprehensive asset allocation models.
- In 1986 Gary P. Brinson, L. Randolph Hood, and SEI's Gilbert L. Beebower published a landmark study on investment policy titled "Determinants of Portfolio Performance," in the Financial Analysts Journal.[5]
1990s SEI launched a wealth management operating platform for independent, fee-based investment advisors, which aligned advisors’ business interests with their clients’ investment success.
2000s SEI delivered:
- A pension management solution that integrates pension decisions with corporate finance objectives, enabling corporate managers to more fully address how pensions impact their company’s financial position.
- An all-encompassing infrastructure for investment managers called Total Operational Outsourcing that provides an integrated platform for the processing of all investment types.
- Goals-based investment strategies that enable investment advisors to link specific investment strategies to an investor’s goals, each with different time horizons and risk tolerance profiles
- Global Wealth Services for private banks and wealth management organizations - a suite of services designed to support every facet of a global wealth management business.[6]
[edit] Products and services
[edit] Institutional Group
SEI offers retirement and investment solutions for defined benefit schemes, defined contribution schemes, endowments, foundations, and board-designed funds. Clients include retirement scheme sponsors, corporations, and not-for-profit organizations in the US, Canada, the United Kingdom, the Netherlands, Hong Kong, and South Africa.
[edit] SEI Advisor Network
SEI offers wealth management platforms to independent financial advisors, including end-to-end solutions for practice management, investment management and investment processing. Clients include registered investment advisors, independent broker-dealers, financial planners, and life insurance agents located throughout the United States; and independent financial advisors in Canada and the United Kingdom.
[edit] Investment Manager Services
SEI offers asset administration and investment processing outsourcing solutions for mutual funds, hedge funds, private equity funds, exchange-traded funds, collective trusts, and separately-managed account programs. Clients include investment managers, banks, and investment companies located in the United States; and alternative investment managers worldwide.
[edit] Private Banks
SEI offers institutional and private client wealth management solutions to private banks, trust institutions, and wealth management organizations. SEI supports business development, investment processing, and infrastructure operation. Clients include banks and institutions in the United States, Canada, Europe, the Middle East and Asia.
[edit] SEI Wealth Network
SEI offers life and wealth solutions – including advice, goal-based investment strategies and financial services – to high-net-worth investors and their families in the United States.
[edit] Culture
SEI’s campus is located on 90 acres (360,000 m2) and is 25 miles (40 km) outside center city Philadelphia. SEI’s corporate culture values transparency and has removed most physical boundaries to further this.[7] SEI’s office is an open environment with no private offices or executive break rooms. The furniture is on wheels to allow employees to rearrange their space according to their work needs. Spiraling cables, called “pythons,” provide power and mobility to each work station.[8] The goal in structuring SEI this way was to give employees a clear line of sight to management and to make a clear statement to all employees about the importance of collaboration and transparency.[9] In addition, SEI’s offices (U.S. and global) are home to artwork from The West Collection. Aside from decorating the space, the artwork is there to foster discussion and creativity.[10] The collection currently has 2,900 works of art and is funded by the West family.
[edit] External links
- SEI - US
- SEI - Canada
- SEI - Canada (French)
- SEI - Hong Kong
- SEI - United Kingdom
- SEI - South Africa
- SEI - Middle East
- SEI - Netherlands
- The West Collection
[edit] References
- ^ SEI Homepage
- ^ "SEI 4Q Earnings." SEI. Jan. 25, 2012. [1]
- ^ Levering, Robert. "The 100 Best Companies to Work For." Fortune. January 24, 2005. [2]
- ^ "SEI Named to Global Outsourcing 100." Yahoo Finance. February 28, 2011
- ^ "Determinants of Portfolio Performance." Financial Analysts Journal. Vol. 42 (1986): 39-44.
- ^ "SEI 2008 Annual Report."
- ^ Brubaker, Harold. “Success Through Change.” The Philadelphia Inquirer. Business Section. January 28, 2008.
- ^ Taylor, William C., and Polly LaBarre. Mavericks at Work: Why the Most Original Minds in Business Win. New York: William Morrow, 2006. Pg 235-243.
- ^ Kirsner, Scott. “Total Teamwork – SEI Investments.” Fast Company. December 18, 2007. [3]
- ^ Fallon, Roberta. “The Halls Are Alive.” The Philadelphia Inquirer. August 4, 2002. [4]
