SEI enhances the SMA and UMA solutions offered through Investing.com’s managed account program

New investment options managed by SEI and third parties, cost reductions and Best-in-class tax optimization technology enhances the experience of advisors and investors

OAKS, Pa., April 2, 2024 /PRNewswire/ — SIX ^® (NASDAQ:SEIC) today announced a series of enhancements to the separately managed account (SMA) and unified managed account (UMA) solutions offered through the Managed Account Solutions program¹, including the launch of additional internally and third-party managed investment options, reduced costs and technology upgrades that enhance tax optimization. These enhancements are designed to help advisors better serve high-net-worth, high-net-worth and ultra-high-net-worth investors.

UMAs have shown strong growth rates over the past half decade, with activity increasing at an annual rate of 34%, and strong growth is expected for UMA programs over the next four years.² SEI’s SMAs, integrated with a differentiated UMA structure, put the investor in control. Benefits include:

• Diversified investment skills from SEI and third-party managers with over 70 specialist managers and 120 unique mandates, including SEI’s SMA capabilities in direct indexing, factor investing and individual fixed income strategies
• Overlapping 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 which aims to strategically sell securities at a loss, offset capital gains and reduce taxable income, while maintaining market exposure and preserving long-term investment objectives

Jim SmigielSEI’s Chief Investment Officer said:

“Portfolio customization is critical to meeting the needs of investors 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 parties that we believe have a sustainable competitive advantage. Our solutions give advisors choice in client recommendations, strengthened by SEI’s belief.”

SMAs and UMAs are gaining ground due to their ability to offer customized investment solutions while optimizing tax efficiency. SMAs offer customized strategies managed by separate professional managers, while UMAs provide a complete investment solution that combines multiple investment strategies or vehicles within a single account structure. UMAs also offer sophisticated tax optimization that aims to significantly improve after-tax returns, not only increasing outcomes for clients, but also strengthening the advisor’s value proposition.

SEI’s technology enhancements enable on-demand access to comprehensive reporting and analytics that help promote transparency and facilitate better decision-making, including SEI’s Estimated Tax Saved report that shows advisors and investors the amount of tax saved or deferred through active tax management.

Erich HollandHead of customer experience for SEI’s consultancy business, he said:

“Financial advisors are constantly looking for forward-thinking ways to improve their clients’ portfolios while optimizing tax efficiency. We believe that SMA and UMA represent a paradigm shift in how financial advisors can deliver value to their clients .

“SEI is at the forefront of this trend, offering UMA for nearly 20 years. Our goal is to deliver even better, cost-effective personalization at scale, so advisors can unlock new growth opportunities, navigate complex environments with confidence and better align its strategies with the new wealth portfolio “guided by each client’s individual needs and objectives.”

¹SEI’s implementation vehicles include mutual funds, ETFs and SMAs offered through SEI’s mutual fund strategies and managed account solutions.

²Source: Cerulli WE Managed Accounts Report, 2023.

About the SIX ^®
SEI (NASDAQ:SEIC) provides technology and investment solutions that connect the financial services industry. With expertise in investment processing, operations and wealth management, SEI partners with businesses, financial institutions, professionals and high-net-worth families to help drive growth, make confident decisions and secure the future. How about December 31, 2023SEI manages, advises or administers approximately $1.4 trillion in activities. For more information, visit seic.com.

SEI Investments Management company (SIMC) makes no representation that the tax consequences described as part of its tax management techniques and strategies will be achieved or that any SIMC tax management techniques, or any of its products and/or services, will result in any particular tax consequence. The tax consequences of tax management techniques, including those intended to harvest tax losses, and other strategies that SIMC may pursue are complex and uncertain and may be questioned by the IRS. Neither SIMC nor its affiliates provide tax advice. SIMC is a 100% subsidiary of SEI Investments Company (NASDAQ:) (TO BE).

Please note that (i) any discussion on WE the tax topics contained in this communication cannot be used by the user for the purpose of avoiding taxes, penalties and/or interest that may be imposed by the authority IRS or any other tax authority; (ii) this communication is written to assist in 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 consult with their personal tax advisors regarding the tax consequences of investing with SIMC and engaging in the tax management techniques described herein (including the tax loss harvesting strategies described) based on their circumstances details. Clients and their personal tax advisors are responsible for how transactions made in an account are reported to the IRS or any other tax authority on Customer’s personal tax returns. SIMC assumes no responsibility for the tax consequences of any transaction for any Client.