"The confidence MFS has placed in us underscores the advantages of SEI's technology and outsourcing expertise; it also highlights our commitment to separate account administration as an increasingly important part of our business," said John Alshefski, head of New Business Development for SEI's Investment Manager Services.
Announced May 1, SEI will provide MFS with a fully outsourced, customized SMA solution centering on business processes, account administration, and reconciliation. In addition to streamlining administrative functions through electronic workflow and web-accessed real-time account information, the SEI solution will enable SMA managers to meet widely varying requirements of non-standardized sponsor platforms, with an ongoing focus on compliance and documentation.
"We chose SEI's operating environment because we felt they had the best technology to support us from an operating standpoint," said Bill Taylor, managing director and senior vice president of the MFS Private Portfolio Services Group.
