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SEI chooses Milestone Group’s pControl multi-asset solution for OCIOs

Boston, MA - 15 February 2017

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Milestone Group, the global provider of investment technology and processing solutions for institutional investors, today announced that SEI (NASDAQ:SEIC) has selected its pControl multi-asset software platform to support the growth of its Outsourced Chief Investment Officer (OCIO) business.

pControl will initially administer the automated allocation of daily cash flows and rebalancing of complex portfolios for SEI’s Institutional Group. This will ensure the scalable implementation and delivery of SEI’s most sophisticated solutions. The solution helps OCIOs by leveraging the globally proven pControl multi-asset investment platform and has capabilities spanning front, middle and back office functions.

Kevin Matthews, Vice President and Managing Director, Solutions Team, SEI Institutional Group, said: “As one of the largest OCIOs, SEI is always looking for ways to improve how we deliver services to our clients. We reviewed a number of options, but pControl stood out as the solution that best supports our business and the complex multi-asset structures that we manage. pControl brings flexibility, efficiency and scalability to this operation, allowing SEI to focus on client delivery, and developing sophisticated products and strategies and getting them to market quickly.”

John Herlihy, Director of Business Development for Milestone Group in North America added: “The OCIO market in North America is growing rapidly, and organizations are looking to get the technology infrastructure right for now and the future. Our pControl OCIO Solution represents a fresh approach and has been described as the most complete solution available to OCIOs seeking to scale their business. We are excited to be partnering with SEI on this project.”

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 475 clients in 13 countries. Our solutions are designed to help clients meet financial objectives, reduce business risk and fulfill 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/institutions.

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 December 31, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $283 billion in assets under management and $468 billion in client assets under administration. 

Milestone Group is a specialist supplier of processing and analytic solutions to institutional investors, including asset managers, outsourced CIOs, CIO operations, pension and superannuation funds, and life companies.

pControl is an advanced technology platform designed to service today’s increasingly complex pooled investment structures and related business processes. It supports multiple business functions in a single environment and incorporates fully integrated data management, end-to-end process control and powerful exception management capabilities. pControl delivers superior efficiency, transparency, product flexibility and control across front, middle and back offices for internal and external institutional investment managers. .

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