ETC’s asset management boutique Yorkville ETF Advisors will be the first company to introduce an ETF on the platform.
SEI will offer operational outsourcing to Yorkville and future ETC managers that launch an ETF and will also provide fund administration, fund accounting, investor servicing, as well as offer an index receipt agency and custody solutions.
In addition, SEI will also offer distribution services, daily and monthly portfolio measurement, and authorized participant processing.
ETC CEO Garrett Stevens said that SEI combines the 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," Stevens said.
