SEI Investments Company
 | |
| Public | |
| Traded as | NASDAQ: SEIC |
| Industry | Financial Services |
| Headquarters |
 Oaks, Pennsylvania |
Key people | Alfred West, President & CEO |
| Total assets | $670 billion in mutual fund and pooled or separately managed assets (as of December 31, 2015) |
Number of employees | Approximately 2,900 (December 2015) |
| Website | |
SEI Investments Company, formerly Simulated Environments Inc, is a financial services company headquartered in Oaks, Pennsylvania, USA. The company is a global provider of investment processing, investment management, and investment operations solutions. SEI provides products and services to institutions, private banks, investment advisors, investment managers, and private clients.[1] As of December 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $670 billion in mutual fund and pooled or separately managed assets, including $262 billion in assets under management and $408 billion in client assets under administration.[2]
SEI’s campus is located on 90 acres (360,000 m2) and is 25 miles (40 km) outside Center City, Philadelphia. SEI operates principal offices in Toronto, London, Dublin, The Netherlands, Hong Kong, South Africa, and Dubai.
History
SEI was founded as Simulated Environments Inc in 1968 by its current Chairman and CEO, Alfred P. West, Jr. (also known as Al West). West had created the first computer-simulated training technology for loan officers. In the 1970s SEI developed an automated trust and investment accounting system for bank trust departments. In the 1990s SEI launched a wealth management operating platform for independent, fee-based investment advisors.
In 2012 SEI was sued by investors in connection with the financial crimes committed by Allen Stanford. Sandford had sold investors bogus Certificates of Deposit (CDs) and the investors alleged that SEI, as well as other companies, had promoted and misrepresented the CDs as safe investments without performing appropriate due diligence.[3][4] SEI responded that it merely provided a Stanford affiliate with back office services.[5] As of September 2015 the case was still ongoing.[4]
References
- ↑ "SEI - Home - US". SEI.
- ↑ "SEI - SEI Reports Fourth-Quarter 2015 Financial Results - US". SEI.
- ↑ Terry Baynes and Jonathan Stempel (19 March 2012). "Class-actions by Allen Stanford investors revived". Reuters.
- 1 2 "Victims of Stanford Group still fight for their money - Baton Rouge Business Report". Baton Rouge Business Report.
- ↑ Brent Kendall. "Supreme Court: Stanford’s Victims Can Sue Third Parties". WSJ.