SEI Announces $9.4B in New Institutional Assets

SEI SEIC today announced the company achieved record institutional sales growth in 2012 with $9.4 billion in new global institutional assets, representing the highest total one-year growth for the company's institutional business. Among SEI's recently added U.S. clients are Carmeuse Lime and Stone, Inc., Century Aluminum Company, Midland Center for the Arts, Music Choice and Philadelphia Bakery Local #463 and Local #676. SEI's significant institutional sales growth can be attributed to increased global implementation of discretionary outsourcing this year. Larger institutional investors have shown increased interest in the model, with three of SEI's new 2012 clients having more than $1.3 billion in assets each. To date, SEI has 62 institutional clients with more than $250 million in assets, a 22 percent increase since 2010.