New SEI-Managed and Third-Party
Investment Options, Cost Reductions, and Improved
Tax-Optimization Technology Elevates Experience for Advisors and
Investors
OAKS,
Pa., April 2, 2024 /PRNewswire/ --
SEI® (NASDAQ:SEIC) today announced a range of
enhancements to its Separately Managed Account (SMA) and Unified
Managed Account (UMA) solutions offered through the Managed Account
Solutions program1, including the launch of additional
internally-managed and third-party investment options, reduced
costs, and technology updates that bolster tax optimization. These
enhancements are designed to help advisors better serve
mass-affluent, high-net-worth, and ultra-high-net-worth
investors.
UMAs have exhibited strong growth rates over the last
half-decade, with assets climbing at an annual rate of 34%, and
strong growth for UMA programs is expected over the next four
years.2 SEI's SMAs, complemented with a differentiated
UMA structure, puts the investor in control. Benefits include:
- Diversified investment expertise from SEI and
third-party managers with more than 70 specialist managers and 120
unique mandates, including SEI's SMA capabilities in direct
indexing, factor investing, and individual bond strategies
- Overlay portfolio management and integration
coordination across multiple SMA managers, designed to optimize
risk and return, as well as tax-aware trading to improve tax
efficiency
- Tax-loss harvesting that aims to strategically sell
securities at a loss, offset capital gains, and reduce taxable
income, while maintaining exposure to the market and preserving
long-term investment objectives
Jim Smigiel, SEI's Chief
Investment Officer, said:
"Portfolio customization is key to meeting investors' needs in
today's economic environment. We access the entirety of the capital
markets through SEI's direct indexing solutions, factor strategies,
and individual bond portfolio management, as well as third-party
managers we believe have a sustainable competitive advantage. Our
solutions give advisors choice in their client recommendations,
empowered by SEI's conviction."
SMAs and UMAs are gaining traction for their ability to offer
customized investment solutions while optimizing tax efficiency.
SMAs offer individualized strategies run by distinct professional
managers, while UMAs provide a comprehensive investment solution
that combines multiple strategies or investment vehicles within a
single account structure. UMAs also offer sophisticated tax
optimization that seeks to significantly enhance after-tax returns,
not only boosting client outcomes, but also reinforcing an
advisor's value proposition.
SEI's technology enhancements enable on-demand access to
comprehensive reports and analytics that help foster transparency
and facilitate improved decision-making, including SEI's Estimated
Taxes Saved Report that shows advisors and investors the amount of
taxes saved or deferred through active tax management.
Erich Holland, Head of Client
Experience for SEI's Advisor business, said:
"Financial advisors are constantly seeking forward-thinking ways
to enhance their clients' portfolios, while simultaneously
optimizing tax efficiency. We believe that SMAs and UMAs represent
a paradigm shift in how financial advisors can deliver value to
their clients.
"SEI has been at the forefront of this trend, offering UMAs for
nearly 20 years. Our goal is to offer even better, cost-effective
personalization at scale, so advisors can unlock new opportunities
for growth, navigate complex environments with confidence, and
better align their strategies with the new wealth portfolio—driven
by each client's individual needs and objectives."
1SEI's implementation vehicles include mutual funds,
ETFs, and SMAs offered through SEI Mutual Fund Strategies and
Managed Account Solutions.
2Source: Cerulli U.S. Managed Account Report,
2023.
About SEI®
SEI (NASDAQ:SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to help drive growth, make confident decisions, and
protect futures. As of Dec. 31, 2023,
SEI manages, advises, or administers approximately $1.4 trillion in assets. For more information,
visit seic.com.
SEI Investments Management Corporation (SIMC) does not represent
in any manner that the tax consequences described as part of its
tax-management techniques and strategies will be achieved or that
any of SIMC's tax-management techniques, or any of its products
and/or services, will result in any particular tax consequence. The
tax consequences of the tax-management techniques, including those
intended to harvest tax losses, and other strategies that SIMC may
pursue are complex and uncertain and may be challenged by the IRS.
Neither SIMC nor its affiliates provide tax advice. SIMC is a
wholly owned subsidiary of SEI Investments Company (SEI).
Please note that (i) any discussion of U.S. tax matters
contained in this communication cannot be used by you for the
purpose of avoiding tax, penalties and/or interest which may be
imposed by the IRS or any other taxing authority; (ii) this
communication was written to support the promotion or marketing of
the matters addressed herein; and (iii) you should seek advice
based on your particular circumstances from an independent tax
advisor. Accordingly, Clients should confer with their personal tax
advisors regarding the tax consequences of investing with SIMC and
engaging in the tax-management techniques described herein
(including the described tax loss harvesting strategies) based on
their particular circumstances. Clients and their personal tax
advisors are responsible for how the transactions conducted in an
account are reported to the IRS or any other taxing authority on
the Client's personal tax returns. SIMC assumes no responsibility
for the tax consequences to any Client of any transaction.
Company
Contact:
|
Media
Contact:
|
Emily Baldwin
|
Kerry
Mullen
|
SEI
|
Vested
|
+1 610-676-3262
|
+1
917-765-8720
|
ebaldwin@seic.com
|
kerry@fullyvested.com
|
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SOURCE SEI Investments Company