ETC Taps SEI for New ETF Platform

Exchange Traded Concepts (ETC) has selected SEI to provide back-office support for its newly launched Exchange-Traded Fund (ETF) platform.

Yorkville ETF Advisors, an asset management boutique of ETC, will be the first firm to launch an ETF on the platform. SEI will provide operational outsourcing to Yorkville and future ETC managers that launch an ETF. SEI will also provide fund administration, fund accounting, investor servicing, as well as offer an index receipt agency and custody solutions.

Additionally, SEI will provide distribution services, daily and monthly portfolio measurement, and authorized participant processing.

"SEI's strong experience and best-in-class technology simplified our decision in choosing a partner for this new venture," says J. Garrett Stevens, CEO of Exchange Traded Concepts. "SEI combines the robustness and scalability of an institutional-quality infrastructure with a proven track record of getting managers up and running quickly on its platform. SEI's integrated solution is exactly what we need to grow the platform and provide managers with the operational support they need."