OAKS, Pa., Sept. 10, 2018 /PRNewswire/ -- SEI (NASDAQ: SEIC) today announced that the Healthcare Financial Management Association (HFMA) awarded SEI's Institutional Group the "Peer Reviewed by HFMA®" designation for its outsourced investment management solution for healthcare organizations. SEI was the first asset management company to receive Peer Review Status with HFMA and has maintained this designation since 2011.
"We are proud to once again achieve HFMA's Peer Review status," said Craig Standen, Director of Healthcare Advice for SEI's Institutional Group. "This recognition differentiates SEI in the healthcare space, as it illustrates the value that we provide as a fiduciary to our healthcare clients through both our solutions and superior client service."
With 44 healthcare clients, representing $15.3 billion in assets under management (AUM), SEI is the largest outsourced chief investment officer (OCIO) for healthcare providers.* For over 20 years, SEI has worked closely with healthcare systems, hospitals and continuing care facilities to create integrated investment strategies across multiple asset pools, including retirement plans, balance sheet pools, self-insurance trusts and foundations within an enterprise risk management framework. Through this integration, SEI's healthcare clients gain a fiduciary partner focused on supporting balance sheet protection and growth, consistent operating performance, improved debt capacity, stronger assessments by major credit rating agencies, risk management, and broader diversification across investment managers and asset classes.
HFMA's Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a panel comprised of current customers, prospects and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
HFMA staff and volunteers determined that SEI's outsourced investment management solution met specific criteria developed under the HFMA Peer Review process. HFMA does not endorse or guarantee the use of this product.
*Distinction is based on competitive research utilizing publicly available information as of Dec. 31, 2017. This information includes the number of healthcare clients and/or healthcare client AUM in SEI's OCIO program for which SEI has discretion for money manager hiring and replacement decisions on behalf of those clients.
About SEI's Institutional Group
SEI's Institutional Group is one of the first and largest global providers of outsourced investment management services. The company delivers integrated retirement, healthcare and nonprofit solutions to more than 485 clients in 12 countries, as of June 30, 2018. Our solutions are designed to help clients meet financial objectives, reduce business risk and fulfil their due diligence requirements through implemented strategies for the management of defined benefit plans, defined contribution plans, endowments, foundations and board-designated funds. For more information visit: seic.com/institutional-investors.
Now in its 50th year of business, SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $882 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $331 billion in assets under management and $545 billion in client assets under administration. For more information, visit seic.com.