HighMark Funds has renewed its contract with asset management solutions provider SEI Investments for fund accounting, administration and distribution services.
HighMark has been using SEI services since 1991. Under the new full-service administration and distribution contract, SEI will continue to provide HighMark with accounting and administration, as well as marketing, distribution and wholesale services. The vendor will also provide HighMark with its Web enabling technologies.
HighMark Capital Management, the investment advisor to the Funds, currently uses the vendor's suite of distribution tools which enable advisory clients to incorporate market trends and channel requirements with their mutual fund management and asset growth strategies.
Earle Malm, president and CEO, HighMark Capital Management, says: "SEI's understanding of our organisation, their strong capabilities, and their commitment to continual improvement and enhancement of mutual fund services were key factors in our decision to recontract."
HighMark Funds are offered through Union Bank of California.