MFS Investment Management had selected SEI Investments to provide an operations outsourcing solution for the firm’s separate account business.
“We are delighted to have won the MFS business, one of the leading investment management organizations in the SMA market space and the entire industry. This win was a true team effort,” said John Alshefski, head of New Business Development for SEI’s Investment Manager Services.
SEI is providing MFS with an 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 enables SMA managers to the varying requirements of non-standardized sponsor platforms, with an ongoing focus on compliance and documentation.
“Given our rate of growth and product expansion, the ability to profitably scale our SMA business is a priority,” said Bill Taylor, Managing Director and Senior Vice President of the MFS Private Portfolio Services Group. “We chose SEI’s operating environment because we felt they had the best technology to support us from an operating standpoint.”