2010 was a year of strong growth for the SEI Advisor Network as it signed on 406 new Registered Investment Advisors, increased assets under management to nearly USD31 billion and generated USD5 billion in new receipts. The number of new advisors that joined SEI continues to increase rapidly and represents a more than 60 percent increase in new advisors from 2009.
"In 2010, a record number of advisors joined our ranks – not only because of our differentiated investment strategies, but also because of our deep practice management expertise and our ability to help grow their businesses through customised solutions and support," says Wayne Withrow (pictured), Executive Vice President and SEI Advisor Network Business Unit Leader. "These individuals are true professionals, committed to excellence and determined to provide their clients with the best services available."
SEI provides wealth management services to thousands of financial advisors. In addition to its ongoing back office and administrative services and investment solutions, in 2010, SEI broadened its practice management capabilities. In particular, SEI launched its Practice Management Workshops, a series of interactive in-person sessions and webcasts teaching advisors best practices around key topics such as time management and practice efficiency, client service, marketing and prospecting and succession planning. The topics were selected based on advisor feedback and results of a survey conducted by SEI on their top resolutions for the year. In 2010, SEI also launched Ready-4-Reform, a program to help advisors prepare for the new regulatory environment and pending legislative changes.
"Investors today are looking for more than just investment results from their advisors, they want the overall package," says Brian McKee, McKee Financial Resources, Inc. "They want the best of both worlds – an advisor who can provide an individual, personalised touch and one who is backed by deep resources, research and expertise. For me, working with SEI allows me to create a practice that is both scalable and meets my clients’ needs."
