SEI Investments, a global provider of asset management and investment technology solutions, has re-contracted with Oak Associates, Ltd., an Akron, Ohio-based investment advisor, to provide full-service accounting, administration, and distribution to Oak Associates' family of five no-load mutual funds. The funds hold over $5.4 billion in assets. Oak Associates has been a client of SEI since the inception of their mutual funds in 1992. Oak began their relationship with SEI as part of Advisor's Inner Circle Fund, SEI's umbrella mutual fund trust, before moving out to establish their own trust.
CheckFree Investment Services announced that Huntington Beach (CA)-based Allegiance Capital, Inc. is going live with CheckFree APL WRAP. A manager of taxable fixed income securities for institutional and high net worth clients with over$2.1 billion in assets under management, Allegiance Capital will run its approximately 1,400 separately managed accounts on CheckFree APL WRAP.