Westwood Holdings outsources mutual fund administration to SEI

Source: SEI Investments

SEI (Nasdaq: SEIC), a leading global provider of asset management services and investment technology solutions, today announced its selection by Westwood Holdings Group, Inc. (NYSE: WHG) to provide mutual fund administration, accounting, distribution and compliance services for its two new institutional, no-load mutual funds - the WHG Income Opportunity Fund and the WHG SMidCap Fund.

"SEI's integrated solutions, reputation for operational excellence and their focus on compliance clearly set them apart as we evaluated several other providers," said Brian Casey, President and Chief Executive Officer of Westwood Holdings Group, Inc. "We were impressed with their product and distribution expertise, technology, and dedicated client service model. We feel SEI is a partner that provides us with an infrastructure to support our current needs and evolve with the future growth of our mutual fund business."

Westwood is among several clients who utilize SEI's ComplianceAdvantage program, which provides ongoing regulatory intelligence, best practices guidance, and one-on-one client support.

"We are excited about the opportunity to partner with Westwood and support their unique business requirements," said John Alshefski, head of New Business Development for SEI's Investment Manager Services unit. "As the investment management marketplace continues to evolve and investors' expectations have increased, more firms are embracing the concept of outsourcing non-core activities. SEI's best-in-class model provides a comprehensive infrastructure to provide front, middle and back office solutions, and allows the investment manager to focus on their core business, resulting in an enhanced customer experience."

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