SEI Issues 'War For Talent' White Paper to Bank Wealth Managers

Quick Poll Series Shows Compensation Not Only Factor in Attracting Talent

OAKS, Pa., May 15 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) announced today that it has released a new report entitled War For Talent: An Innovative Approach To Confronting The Human Resource Challenge. The report is the latest in a series from SEI that examines the need for wealth managers at banks and trust institutions to transform their business in order to successfully meet the needs of the "new wealthy."

The white paper follows two Quick Polls conducted last year by SEI that examined the key drivers for attracting and retaining Relationship Managers (RMs) at wealth management organizations. The first survey polled banking executives; the second surveyed RMs.

With bank wealth managers growing more committed to delivering life-oriented advice and a more personal experience, the role of RMs is now more important than ever before. The report discusses compensation, as well as the value of an institution's culture and brand, as they apply to hiring and keeping client-facing talent. SEI's research indicates that culture and brand are equally as important as compensation in attracting RMs.

"Wealth managers see a tremendous growth opportunity to increase their assets under management, and RMs will be a critical differentiator for them in this crowded market," said David Campbell, Senior Vice President for SEI's Private Banking Solutions. "Attracting and retaining RMs who can deliver on the promise of an advice-driven model is critical to banks' success -- most wealth management executives understand this and are looking at new methods to grow and keep their talent base."

The full report is available at http://www.seic.com/banks or by calling 1-866-SEI-4080.

About SEI's Private Banks Segment

SEI's Private Banks business segment delivers investment management and wealth processing services through its Global Wealth Services solution to private banks and wealth management organizations. SEI enables wealth managers to meet the rapidly evolving business and investment needs of their clients by helping them grow and protect revenue, minimize cost and allocate capital effectively, enable risk management and help manage transformation. SEI's solutions are used by over 290 clients in 9 countries. For more information, visit http://www.seic.com/banks/.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of March 31, 2008, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $424 billion in mutual fund and pooled assets and manages $185 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations from more than 20 offices in over a dozen countries. For more information, visit http://www.seic.com.

    Company Contact:                               Media Contact:
    Dana Grosser                                   Elisabeth Behr
    SEI                                            Braithwaite Communications
    610.676.2459                                   215.564.3200x113
    dgrosser@seic.com                              ebehr@braithwaitepr.com

SOURCE SEI

Released May 15, 2008