SEI Advisor Network, part of the global investment management technology firm SEI, added 406 new registered investment advisors over 2010, representing 60 per cent growth in new advisors since 2009, the firm said in its 2010 results.

The firm also saw an increase in assets under management to nearly $31 billion and generated $5 billion in new receipts.

Over 2010 the firm broadened its practice management capabilities and launched a Ready-4-Reform program aimed at helping advisors prepare for the new regulatory environment and pending legislative changes.

The SEI Advisor Network aims to provide financial advisors with wealth management services through outsourced investment strategies, administration and technology platforms, trust, banking, and institutional services and practice management programs.