SEI’s Collective Investment Trust Business Experiences Significant Growth PR Newswire OAKS, Pa., March 15, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC), a leading global provider of investment processing, investment management, and investment operations solutions, announced today that its collective investment trust (CIT) business has surpassed $100 billion in assets under administration (AUA) as of Dec. 31, 2020, representing a 20.5% increase in the firm's AUA from a year ago. Through SEI Trust Company, SEI launched 39 funds across 11 global investment managers, adding over $17.3 billion in CIT assets in 2020. The growth of SEI's CIT business is driven by its established turnkey operational platform and experienced, professional staff, enabling investment managers, retirement plans, consultants and advisors an efficient way to gain access to SEI's extensive CIT line-up. SEI's growth is further driven by other industry factors, including continued fee pressure and the demand for customized investment solutions for the retirement plan market. Investment managers often work with SEI to establish CIT options pursuing the same strategies as their standard fund offerings. Often these retirement market-focused CITs can be offered at a lower price point than competing products. By doing so, these managers are seeing positive results and meaningful upticks in their retirement businesses.