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SEI announced the expansion of its existing asset management relationship with BMO Financial Group into the Asian market. To enable distribution to accredited Asian investors, SEI has registered 25 of its Dublin UCITS funds in Singapore. Last month, BMO launched a new solution comprised of four risk-profiled Global Strategic Portfolios managed by SEI. SEI's new strategic partnership with BMO Private Bank Asia builds upon an existing 21-year asset management relationship with Bank of Montreal Nesbitt Burns in Canada.

SEI reported continued growth in its institutional outsourced chief investment officer business with the addition of nine clients and $1.1B in new global institutional assets during fourth-quarter 2018. Guide Dogs for the Blind, Pine Crest School and The Jerusalem Foundation, Inc. are among SEI's institutional clients added in the fourth-quarter 2018. SEI continues to see significant client growth among non-profit organizations and has a dedicated practice toward servicing these clients. Over the past 36 months, the company's OCIO business has added 34 new non-profit clients and over $5.1B in new non-profit assets worldwide. SEI's non-profit OCIO business now consists of 185 clients and over $25B in assets under management. The overall growth in the SEI's OCIO client base is attributed to the continued adoption of this investment management model by non-profits, retirement plan sponsors and healthcare organizations. SEI now provides OCIO services to more than 480 clients worldwide and manages more than $84B in assets.

SEI announced a strategic partnership with Inovea, a France-based, independent network of advisers and consultants specializing in insurance, real estate and finance products. Through this relationship, SEI launched and is managing six new European Strategic Portfolios (Euro SPs), each designed with a goals-based investment strategy. Inovea will utilize SEI GoalPortal, a bespoke technology solution, and be the exclusive provider of SEI's end-to-end goals-based process to the retail adviser market in France. This news was previously announced on SEI's Q4 earnings call.

SEI Investments VP Paul Klauder disclosed in a regulatory filing that he had purchased 3,110 shares of company stock at an average price of $49.81 on February 5. The total transaction value was $154,909.