SEI's Advisors' Inner Circle Fund Celebrates 30 Years

About this update from Sei Investments Company

[{"type":"text","content":"Series Trust Platform Powered By Ongoing Servicing Evolution\n\n\nOAKS, Pa., Nov. 4, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC) today celebrated the 30-year anniversary of its Advisors' Inner Circle Fund® (AIC) series trust, while announcing the AIC platform's net assets have exceeded $84 billion as of Sept. 30, 2021. Servicing 111 funds on behalf of 45 investment advisors, this milestone reinforces AIC's stature as one of the fund industry's leading and oldest turnkey platforms for '40 Act vehicles. \n\"The success and growth of AIC has been nothing short of astounding since we launched the first trust in 1991, and none of it could have happened without the partnership and trust from our exceptional fund manager clients,\" commented John Alshefski, Head of SEI's Investment Manager Services division's (IMS) Traditional business. \"Our success represents the ongoing commitment we have made to the business as a whole and the AIC Trust specifically, as well as our ability to foresee market trends and take advantage of opportunities amidst constant change.\"\nSEI helped pioneer the AIC series trust as an institutional-quality, turnkey mutual fund operating platform, providing asset managers with a complete fund infrastructure and enabling them to provide solutions to the market faster and more efficiently. Today, the AIC platform has evolved its services and expertise to support not only mutual funds, but also exchange traded funds (ETFs) and closed-end funds, including interval, tender and auction funds. \n\"During the last three decades, the Advisors' Inner Circle Fund evolved and expanded its comprehensive operating platform to address the changing regulatory landscape, new investment vehicles and investor demands,\" noted Mike Beattie, Managing Director of SEI's IMS division and President of Advisors' Inner Circle Fund. \"The AIC platform provides managers access to an independent board of trustees, legal counsel and a chief compliance officer, as well as the financial benefits of sharing trust-level expenses with other platform members. Managers also benefit from an experienced, strategic relationship manager and cost-effective access to the industry's best auditors and custodians.\" \n\"We selected SEI's Advisors' Inner Circle as our '40 Act platform from which to launch our ETF in order to obtain the expertise and infrastructure ...

More updates from Sei Investments Company