SEI Renews Long-Term Relationship With the Trust Company of Oklahoma

OAKS, Pa., Jan. 11, 2011 /PRNewswire/ -- SEI (Nasdaq: SEIC) announced today that it has renewed a multi-year agreement with the Trust Company of Oklahoma to provide core processing and accounting systems, as well as additional processing services, to its private client and institutional businesses.  Additionally, as part of the 10-year renewal, the Trust Company of Oklahoma is expanding its relationship with SEI. The company, an SEI client since 1987, will now utilize both SEI's custody services and complete suite of fully integrated portfolio management services. The deal reinforces SEI's position as a long-standing industry leader in wealth processing and accounting in the bank and trust market.

"SEI continually delivers innovative solutions and provide us with great flexibility through its services-oriented solution," said Tom Wilkins, Chairman, CEO and President of the Trust Company of Oklahoma. "Not only has Global Wealth Services helped us manage the ever-increasing regulatory requirements, they've eased administration by streamlining our processes and allowing us to concentrate on promoting growth within our organization. We are excited to renew our unique and strong relationship with such a forward-looking, strategic organization."

SEI's wealth processing services are a component of its Global Wealth Services (GWS) solution, an outsourcing solution designed to assist wealth managers in meeting their emerging business needs and the needs of their clients.

"Our 23-year relationship with the Trust Company of Oklahoma is a great validation of SEI's business model and the ongoing value we provide to clients," said Al Chiaradonna, Senior Vice President, SEI's Global Wealth Services. "Even over the past few years in a down economy, the Trust Company of Oklahoma has continued to grow and we're proud to be a part of that growth. We continue to expand our Global Wealth Services solution so we can scale with them and ensure that they have all the support they need to reach their business goals now and in the future."

About SEI's Global Wealth Services

SEI's Global Wealth Services is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, coupled with business process expertise. The integrated offering aims to provide wealth management organizations the infrastructure, operations and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $402 billion in mutual fund and pooled assets and manages $164 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.

About Trust Company of Oklahoma

Trust Company of Oklahoma is the oldest and largest independent trust company in the state of Oklahoma.  Opening for business in 1981, the company now manages over $2.3 billion in assets.  The company provides its clients with customized and comprehensive asset management, trust and estate services and retirement plan services.   Asset management services include financial assets as well as real property and oil and gas interests.  Trust Company has four offices:  two in Tulsa, one in Oklahoma City and one in Muskogee.  For more information, visit www.trustok.com or call 1-800-411-2843.

SOURCE SEI