SEI Investments, an Oaks, Pa., investment firm, announced Monday that new institutional sales grew 2.9% last year, to $7.2 billion.

The new sales, which came from 35 new clients, were the highest ever for SEI. The growth was driven by strong defined benefit and defined contribution sales, as well as by health-care organizations with balance sheet assets that outsourced investment management.

The company has also added clients in the Netherlands, the United Kingdom, South Africa, and Canada.

SEI administered $380 billion of mutual fund and pooled assets and managed $134 billion of assets at Dec. 31.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.