Accessor Capital Management has tapped SEI to provide mutual fund administration, accounting, distribution and compliance services.
Under the contract, SEI will administer Accessor's 16 mutual funds, which hold more than $3 billion in assets. Additionally, SEI will provide an outsourced wholesaling solution for the funds.
"We chose SEI after an exhaustive analysis of all potential firms based on over 100 different factors", Tony Whatley, president of Accessor, tells the MFWire
The selection is an honor for SEI, John Alshefski
, head of business development for SEI's Investment Manager Services Division, said in an interview with The MFWire
"Accessor had very seasoned committee for the process, they did a very thorough review of their options," he said.
In the end it was SEI that stood out the most for what they had to offer. "We had the ability to offer the complete package so they could focus on their business," Alshefski added.
The partnership is working out well for Accessor, "so far we are very satisfied with the arrangement", Whatley said.
Prior to the SEI, back office operations for Accessor were managed by ALPS Financial Services. The catalyst for the switch was the need for a more modern, computerized, and systematized solution.
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