SEI Expands Its Regulatory Solution to Ease the Pain of Escalating Requirements

Platform Provides Enhanced Reporting and Process Management for FATCA, CPO-PQR, AIFMD and OPERA Reporting

OAKS, PA -- (Marketwired) -- 03/04/14 -- Addressing a rising global tide of regulation aimed at private fund and traditional fund managers alike, SEI (NASDAQ: SEIC) has expanded the regulatory component of its operating platform, adding technology and process enhancements that enable managers to streamline the regulatory filing process. SEI's Investment Manager Services (IMS) division is a global supplier of customized operating infrastructure and services to investment organizations, representing more than $13 trillion in assets under management.

SEI's regulatory solution is designed to help fund managers meet new requirements of the Foreign Account Tax Compliance Act (FATCA) and Form CPO-PQR, which affects only commodity pool operators. It also enables private fund managers to meet requirements of Annex IV reporting under the Alternative Investment Fund Managers Directive (AIFMD) and Open Protocol Enabling Risk Aggregation standards reporting (OPERA).

For private fund managers, SEI's solution builds on its existing web-based Form PF technology to provide the automated reporting that both regulators and investors are demanding, as well as process and data management customized to fit each fund's business model.

For example, rather than preparing filings manually, or drawing from multiple systems to assemble them, managers can now outsource those regulatory filings to SEI. SEI's solution uses data from its fund operating platform, and supplementary data if needed, to prepare filings formatted to the required specifications.

"Asset managers in the U.S. and Europe are being affected by new regulatory requirements which have dramatically increased the demands on private fund managers," said Jim Cass, Managing Director for Private Fund Services for SEI's Investment Manager Services division. "Our solution is designed to help managers eliminate cumbersome regulatory tasks while reducing compliance risks."

Components of SEI's solution include its operating platform's Manager Dashboard, which streamlines oversight of the regulatory reporting process as it can integrate data across various accounts and products, including data from outside sources. IMS' compliance team then analyzes fund managers' regulatory and system requirements, develops customized project plans, monitors regulatory developments, and adjusts filing processes for the SEI-administered funds.

Jim Volk, Chief Compliance Officer for SEI's Investment Manager Services division, referenced a recent KPMG report, The Costs of Compliance, and a soon-to-be-released SEI survey, which show that despite looming deadlines, the majority of asset managers are still confused about the requirements of FATCA. The legislation mandates that financial institutions look for evidence of offshore accounts held by U.S. persons, report on such accounts, and withhold tax, where applicable.

"Investment managers have entered a new era of regulatory demands, and that is particularly true of private fund managers," Volk stated. "Many managers are just now becoming aware of the technology and services needed to meet these stringent requirements."

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client's business objectives. SEI's resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized by Buy-Side Technology as "Best Outsourcing Provider to the Buy Side" and "Best Fund Administrator," by Hedge Funds World Middle East as "Best Service Provider," by Global Investor as "Hedge Fund Administrator of the Year," and by HFMWeek as "Most Innovative Fund Administrator (Over $30B AUA)" in the U.S. and "Best Administrator - Technology Provider" in Europe. For more information, visit http://www.seic.com/enUS/investment-managers.htm.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $559 billion in mutual fund and pooled or separately managed assets, including $232 billion in assets under management and $327 billion in client assets under administration. For more information, visit www.seic.com.

Company Contact:
Dana Grosser
SEI
+1 610-676-2459
dgrosser@seic.com

Media Contact:
Jason Rocker
Braithwaite Communications
+1 215-564-3200 x 110
jrocker@gobraithwaite.com

Source: SEI

Released March 4, 2014