SEI Chosen by Coast Capital Savings to Provide Investment Management Services



    
    Coast Capital Savings Leverages SEI's Investment Management Expertise to
    Launch New Investment Offering
    

    TORONTO, April 14 /CNW/ - SEI (NASDAQ:  SEIC) announces that it has been
selected by Coast Capital Savings, Canada's second largest credit union, to
provide investment management services for their new investment offering.
    This win marks a new distribution partnership for SEI's asset management
solutions. As part of the agreement, SEI will be responsible for the
investment management of the new program, which includes 6 asset allocation
mutual funds, each designed to meet an individual investors' goals, timeframe
and risk tolerance.
    "SEI is very pleased with this new strategic partnership. By outsourcing
investment management to SEI, Coast Capital Savings is now well-positioned to
focus on their core business and client service functions," said Jim Morris,
Senior Vice President of SEI's Private Banks segment.
    "Outsourcing investment management to SEI allows us to focus on expanding
our strong and well-established brand," said Coast Capital Savings CEO Lloyd
Craig. "Until now we have only been able to offer traditional third-party
mutual funds. We are now able to offer our clients more choices and access to
an industry leader like SEI."
    SEI is a global investment management company which specializes in
providing investment solutions that include asset allocation research and a
manager-of-managers implementation. This disciplined investment approach
focuses on an investor's time horizon and recognizes that managing investment
risk is as important as generating returns. Each fund is managed by multiple
specialist portfolio managers who each provide specific expertise. SEI
oversees the selection and performance of each specialist manager and also
conducts continuous portfolio monitoring to ensure adherence to the funds'
investment style and objectives.
    For over 10 years, SEI has offered a diverse range of investment programs
to investment advisors across Canada that focus on the principles of asset
allocation and utilize a manager-of-managers investment strategy.

    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
December 31, 2008, through its subsidiaries and partnerships in which the
company has a significant interest, SEI administers US$380 billion in mutual
fund and pooled assets and manages US$134 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
www.seic.com.
    Services provided by SEI Investments Canada Company, a wholly owned
subsidiary of SEI Investments Company (SEI).

    About Coast Capital

    Coast Capital Savings is Canada's second largest credit union with total
assets under administration of $12.3 billion, 404,000 members and 51 branches
in the Metro Vancouver, Fraser Valley and Vancouver Island regions of British
Columbia. Product innovations from Coast Capital Savings include Canada's
first free chequing account from a full-service financial institution, the
first business account in the country to offer unlimited transactions for a
flat fee and the newly introduced High-interest, No-fee Savings Account,
another first for the Canadian financial industry. The credit union was named
one of BC's Top 50 Employers in 2009, is one of Canada's 50 Best Managed
Companies and the recipient of the Canadian Co-operative Association
Innovations in Co-operative Governance Award. Coast Capital Savings has also
been designated a Caring Company by Imagine Canada. Mutual funds are provided
by Worldsource Financial Management Inc. To learn more, visit
www.coastcapitalsavings.com.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.





For further information:

For further information: Company Contact: Dana Grosser, SEI, (610)
676-2459, dgrosser@seic.com; Media Contact: Dominik Szymanski, Argyle
Communications, (416) 968-7311 x234, dszymanski@argylecommunications.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890