SEI launches new transfer agency unit using Envision technology

SEI (NASDAQ: SEIC) announced the launch of SEI Transfer Agency and Registry Services, Inc., an SEC-registered transfer agency designed to support U.S.-based traditional and alternative asset managers offering SEC-registered, retail-distributed funds.

The new entity will use core technology from Envision Financial Systems, an investor accounting platform provider. The technology supports automated, real-time recordkeeping and enterprise data management. Services offered include investor recordkeeping and accounting, transaction processing, digital interfaces, business process automation, dealer support, and tax form reporting.

SEI's existing institutional transfer agency has operated for 18 years, currently servicing more than 1,100 funds representing $395 billion in assets under management as of March 31, 2026. The expanded service will extend coverage to semi-liquid alternative investment funds, including '40 Act registered closed-end interval funds, closed-end tender offer funds, business development companies, and '34 Act registered 3(c)(7) funds.

According to Morningstar data cited in the press release, semi-liquid funds surpassed $530 billion in total net assets by the end of 2025.

Sean Lawlor, Head of Public Markets for SEI's Investment Managers business, said the expansion is aimed at helping fund managers launch and scale products while reducing administrative burden through a single provider.

Brian Jones, Chief Operating Officer of Envision, described the partnership as combining Envision's technology suite with SEI's business model to service the growth in semi-liquid alternative funds.

As of March 31, 2026, SEI manages, advises, or administers approximately $1.9 trillion in assets.

You May Also Be Interested In

• Maison Solutions to form AI subsidiary with 90% ownership stake
• RSE Ventures and Ondas invest in counter-drone startup FPF Defense
• Vivakor adds two crude oil programs, reaching $1.09B annualized