OAKS, Pa., Oct. 6, 2020 /PRNewswire/ -- SEI (NASDAQ: SEIC)
today announced the availability of a new "Estimated Taxes Saved"
report for independent financial advisors. Offered by Independent
Advisor Solutions by SEI, the investor report provides a snapshot
of estimated taxes saved through automated tax loss harvesting and
reporting of the most recent business day's data. Each report is
specific to individual client accounts employing a SEI Tax-Managed
ETF Strategy or tax overlay management across equity portfolios in
SEI's Managed Account Solutions program. The report helps the
independent financial advisors have more timely and relevant
conversations with clients about their estimated tax savings.
Independent financial advisors now have the ability to run an
automated report across a variety of time periods, including the
prior month, quarter, year or year-to-date. The Estimated Taxes
Saved report highlights:
- A summary of account gains and losses broken down by strategy
and dollar amount
- Transactions for any losses that are contributing to the
estimated taxes saved value
- Calculated dollar values based upon the loss of a transaction
multiplied by the long- or short-term tax rate assigned to the
account
"Harnessing technology to not only enable tax-efficient
investments, but then to highlight your business' value through
automated reporting is vital for advisors—especially given the
market volatility we've witnessed this year," said Kevin Crowe, Head of Product Development for
Independent Advisor Solutions by SEI. "Our Estimated Taxes Saved
report clearly illustrates proactive tax management results that
can better position advisors to deepen existing client
relationships and attract higher-net-worth investors."
For close to three decades, SEI has offered a lineup of
investment strategies designed to optimize investors' after-tax
returns and enhanced technology solutions to independent financial
advisors. SEI's Tax-Managed ETF Strategies and tax overlay
management seek to opportunistically harvest tax losses during
periods of market volatility. In addition, tax overlay
management can coordinate buys and sells across managers, implement
manager and asset allocation changes and apply rebalancing policies
to the overall portfolio—all in a tax-efficient manner using
individual securities.
About Independent Advisor Solutions by SEI
Independent Advisor Solutions by SEI provides independent financial
advisors with wealth management services through outsourced
investment strategies, administration and technology services, and
practice management programs. It is through these services that SEI
helps advisors save time, grow revenues, and differentiate
themselves in the market. With a history of financial strength,
stability, and transparency, Independent Advisor Solutions has been
serving the independent financial advisor market for more than 25
years, has 7,600 advisors who work with SEI, and $66.6 billion in advisors' assets under
management (as of June 30, 2020).
Independent Advisor Solutions is a strategic business unit of SEI.
For more information, visit seic.com/advisors.
About SEI
After 50 years in business, SEI
(NASDAQ:SEIC) remains a leading global provider of investment
processing, investment management, and investment operations
solutions designed to help corporations, financial institutions,
financial advisors, and ultra-high-net-worth families create and
manage wealth. As of June 30, 2020,
through its subsidiaries and partnerships in which the company has
a significant interest, SEI manages, advises or administers
approximately $1 trillion in hedge,
private equity, mutual fund and pooled or separately managed
assets, including approximately $318
billion in assets under management and $693 billion in client assets under
administration. For more information, visit seic.com.
SEI Investments Management Corporations (SIMC), a wholly owned
subsidiary of SEI 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.
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. There is
an additional fee for tax overlay management within SEI's Managed
Account Solutions.
Company
Contact:
|
Media
Contact:
|
Leslie
Wojcik
|
Jacqueline
Gogel
|
SEI
|
Vested
|
+1
610-676-4191
|
+1
917-765-8720
|
lwojcik@seic.com
|
jacqueline@fullyvested.com
|
View original
content:http://www.prnewswire.com/news-releases/sei-launches-new-investor-tax-savings-report-for-independent-advisors-301146100.html
SOURCE SEI Investments Company