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Frost Investment Advisors has selected SEI to provide full-service fund operations outsourcing for its $1.7 billion mutual fund.

SEI’s series trust service, known as the Advisors’ Inner Circle, allows investment managers like Frost to reduce time to market and quickly gain scale and efficiencies by leveraging SEI’s infrastructure.

As part of the process, SEI will provide fund administration, accounting, investor servicing and distribution services.

In a prepared statement, Tom Stringfellow, president of Frost Investment Advisors, said his company is confident that its partnership with SEI is a good move.

“We’ve worked with SEI in other aspects of our business, and we’ve seen the strength of their expertise and infrastructure first-hand,” Stringfellow said. “With SEI as our partner, we can focus on growing our mutual fund business without having to worry about building a platform to compete. We look forward to growing with them for years to come.”

Through its subsidiaries and partnerships, Oaks, Pa.-based SEI (NASDAQ: SEIC) administers $420 billion in mutual fund and pooled assets and manages $178 billion in total assets quick payday loan. SEI has more than 20 offices in over a dozen countries.

Frost Investment Advisors is a registered investment company that provides institutional investors with access to 13 managed mutual funds. The company is owned by Frost Bank, a subsidiary of San Antonio-based Cullen/Frost Bankers Inc. (NYSE: CFR). The financial holding company has assets of $13.7 billion and trust assets of $23.9 billion.