Financial Recovery Technologies Partners with SEI to Enable Securities Class Action Services and Litigation Monitoring

BOSTON, MA. (JUNE 28, 2016) – Financial Recovery Technologies (“FRT”) has signed an agreement with SEI (NASDAQ: SEIC) to position FRT to offer its comprehensive corporate governance solutions for securities litigation to SEI Private Banking clients.

FRT, a leading technology-based services firm in securities class action and litigation monitoring services, has worked with various SEI clients for over three years. This new strategic partnership provides data integration between FRT and SEI’s systems and technologies, enabling SEI Private Banking clients with the option to utilize FRT’s services.

This agreement comes at a time when securities class action litigation in the U.S. and abroad is challenging the investment community’s ability to identify, file and recover funds made available to satisfy fiduciary responsibilities.

“As securities class actions become more complex, this sophisticated, integrated capability is very important to our clients,” said Sandy Ewing, Senior Vice President, TRUST 3000, SEI Private Banking. “This strategic partnership reflects our commitment to providing clients with best-in-class options to satisfy their financial objectives and due diligence standards and enabling them to deliver the best possible service to their end-customers.”

SEI Private Banking clients will now be able to use FRT to fulfill this increasingly critical function, joining over 500 institutional clients representing more than $25 trillion in collective assets under management.

“We’re eager to expand our unrivaled understanding of this niche area of wealth management to SEI Private Banking clients,” said Rob Adler, President of FRT. “We know the difficulties organizations face when trying to recover funds available to them in settlements, and we are passionate about maximizing their time and investment through a comprehensive, automated solution that was designed to quickly adapt as industry complexity grows.”

Effective immediately, SEI Private Banking clients will be able to take advantage of this partnership and select FRT as its provider of securities class action and litigation monitoring services.

About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies (FRT) is a technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. Financial Recovery Technologies is a Cross Country Group company – #17 largest private company in Massachusetts according to the Boston Business Journal (www.crosscountrygroup.com). For more information, go to www.frtservices.com.

About SEI
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $684 billion in mutual fund and pooled or separately managed assets, including $265 billion in assets under management and $419 billion in client assets under administration. For more information, visit seic.com.

FRT Contacts:
Kim Smith
Financial Recovery Technologies
KSmith@frtservices.com
+1.339.674.1012

Jenn Rothenberg
VP of Marketing
Financial Recovery Technologies
JRothenberg@frtservices.com
+1.339.674.1608

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

Allen Partners and Financial Recovery Technologies to Provide Corporate Governance Solutions to Securities Litigation for Australia and New Zealand Investors

SYDNEY, AUSTRALIA and BOSTON, MASS (March 2, 2016) – Allen Partners and Financial Recovery Technologies (FRT) have partnered to help Australian and New Zealand investment firms, including superannuation funds, implement leading corporate governance solutions in response to global and domestic securities litigation in turn impacting portfolio returns.

The agreement addresses the recent growth in securities and antitrust litigation globally, particularly in the U.S. and Australia. Beyond securities litigation, best governance practices are also in demand for antitrust; examples include claims for manipulation of foreign exchange and LIBOR rates.

In 2015, 12 securities class actions were filed in Australia, a substantial increase over the prior 2 years, with more than 270 securities class actions initiated globally. The majority of these class actions were in the U.S., where settlements in excess of $1 billion are not uncommon, but almost one-third of new non-U.S. securities cases were filed in Australia, recovering nearly $1 billion.

FRT combines world-class technology with the a peerless understanding of clients’ businesses to identify all eligible security positions, and provide the analysis and oversight needed to ensure investors maximise their securities litigation recoveries.

FRT regularly alerts clients to class actions in Australia, most recently involving potential claims against Slater & Gordon, UGL Ltd. and Treasury Wines Estate.

“We believe FRT’s solutions are a vital component of our clients’ operations,” said Nicholas Allen Co-founder of Allen Partners. “Australian investors aren’t just faced with an increasing number of litigation opportunities; fund managers and trustees must also satisfy their fiduciary obligations. FRT is constantly investing in its technology and people to maintain its best in class action securities litigation recoveries. The results have shown.”

FRT has more than 500 institutional clients worldwide including hedge funds, asset managers, sovereign wealth funds, pension funds and private banks with more than $15 trillion in collective assets under management.

“We’re excited to be working with Allen Partners to improve litigation outcomes for Australia and New Zealand investors in global securities and antitrust cases” said Steven Longley, Senior Vice President, Corporate Development at FRT. “With FRT’s expertise and connections, we’ll be able to ensure these investors are able to implement the most relevant governance standard to recoup everything that’s rightfully theirs.”

About Financial Recovery Technologies

Founded in 2008, Financial Recovery Technologies (FRT) is a technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. Financial Recovery Technologies is a Cross Country Group company (www.crosscountrygroup.com). For more information, go to www.frtservices.com.

About Allen Partners

Allen Partners was formed in 2009 to address the growing need for leading global asset managers to be appropriately represented in Australia and New Zealand and to successfully raise institutional capital in this increasingly large and globally significant capital market.  Allen Partners has deep, long-term relationships across the Australian and New Zealand superannuation and investment management industry combined with direct alternative asset investment and investment banking experience. Our relationships span the various layers of institutional investors (in-house investment teams, CIOs, CEOs, board members, trustees, chairpersons), external advisers (investment analysts and asset consultants) and across all fund types (corporate superannuation funds, industry funds, financial institutions’ platforms and public/government sector funds). 

Allen Partners Contact:

Nicholas Allen
Nicholas.allen@allenpartners.com.au

FRT Contact:

Steven Longley
slongley@frtservices.com

FRT Media Contact:

Patrick Sutton
Paragon Public Relations
Patrick@paragonpr.com
+1.646.558.6277

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

Financial Recovery Technologies to Power GRAHM Capital Recovery Group

GRAHM Clients Gain Access to FRT’s Operational Expertise to Maximize Claims Recovery Efforts

BOSTON, MASS, (July 10, 2012) – Financial Recovery Technologies LLC (FRT), a leader in class action settlement recovery, today announced a partnership with GRAHM Capital Recovery Group, LLC (GRAHM) to provide recovery services to the GRAHM client base. FRT will provide the processing infrastructure and operational service and support for GRAHM’s 30+ claims recovery clients. GRAHM will continue to sell claims recovery services in the market using a “powered by FRT” approach. Utilizing proprietary technology and processes backed by state-of-the-art data security, the FRT process identifies eligibility, files claims, and collects more funds than an investor can typically recover on their own.

“After evaluating the merits of an outsourced solution compared to our ongoing infrastructure expenditures, GRAHM determined that the most efficient solution would be to partner with FRT and leverage their expertise,” said James Wolfe, president and chief executive officer of GRAHM Capital Recovery Group. “We reviewed multiple options and found that FRT was best-in-class in providing a comprehensive recovery solution. We’re confident that our valued clients are in good hands with FRT.”

“We welcome the GRAHM clients to FRT and look forward to working with GRAHM for many years to come,” said Rob Adler, president of FRT. “We believe we offer the most comprehensive range of securities class action filing services available, and we’re committed to providing the same level of high quality service that all our clients enjoy.”

About GRAHM Capital Recovery Group
Since 2008, GRAHM Capital Recovery Group has offered administration and recovery services for class action settlements to broker/dealers, hedge funds, family offices, and high net worth individuals, helping clients maximize the number and value of their settlement awards. For more information, go to www.grahmcapital.com.

About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies LLC is a technology-based services firm that helps investors collect funds made available in securities class action settlements. The firm offers expertise in eligibility analysis, claims filing, disbursement auditing and client reporting. Financial Recovery Technologies provides a proprietary turnkey solution that allows its clients to fulfill their fiduciary responsibilities with transparency and accuracy. Financial Recovery Technologies is a Cross Country Group company (www.crosscountrygroup.com) For more information, go to www.frtservices.com.