OAKS, Pa., Feb. 1, 2021 /PRNewswire/ -- SEI (NASDAQ: SEIC)
today announced the launch of the SEI Systematic Core Strategies
("the Strategies") that seek to modernize the traditional structure
of passive investing by directly purchasing a subset of individual
stocks within a broad market index. The Strategies aim to give
independent advisors a cost-effective way to provide their clients
with greater transparency and tailored solutions that best suit
their financial goals and sustainable investing priorities.
"The SEI Systematic Core Strategies represent the most recent
and, more importantly, the largest leap we've taken in providing
advisors a true path to investor personalization," said
Wayne Withrow, Head of Independent
Advisor Solutions by SEI. "By harnessing the power of technology,
the Strategies offer the ability to personalize the traditional
structure of passive investments, such as index mutual funds and
exchange-traded funds."
The Strategies, designed and managed by SEI's Investment
Management Unit1, can be easily implemented and
personalized within a client portfolio:
- The Systematic U.S. Large Cap Core Strategy tracks the
Russell 1000 Index with approximately 150 underlying
securities.
- The Systematic U.S. All Cap Core Strategy tracks the
Russell 3000 Index with approximately 250 underlying
securities.
- The Systematic International Developed Core (ADR)
Strategy tracks the MSCI EAFE Index with approximately 150
underlying securities.
"We created the Strategies to provide a means for independent
advisors to offer clients more flexible and personalized investment
options," said J. Womack, Director of Investment Products &
Services for Independent Advisor Solutions by SEI. "Each client's
needs are unique. By offering a way to directly purchase a subset
of the component stocks within three broad market indices, advisors
can offer their clients true personalization, control and
transparency within their portfolios, as well as advanced
strategies for investment tax management."
Through individual stock ownership, the Strategies are designed
to provide:
- Cost-effective, broad equity exposure: This exposure is
intended to deliver a low tracking error and provide an overall
risk-factor exposure that is similar to that of the benchmark.
- Active tax management2: Ongoing management,
such as tax-loss harvesting and portfolio overlay, provide the
potential for enhanced after-tax returns in a client's account.
When used in conjunction with SEI's "Estimated Taxes Saved" report,
independent advisors can have more timely and relevant
conversations with clients about their estimated tax savings.
- Flexible investment implementation: Independent advisors
may implement the Strategies as a standalone offering within a
client portfolio or in combination with other SEI Managed Account
Solutions.
- Control and personalization: Clients gain full
transparency into the individual companies in which they are
invested. Independent advisors can also offer sustainable
investment screening (Environmental, Social, and Corporate
Governance (ESG), Socially Responsible Investing (SRI),
faith-based) to align with a client's priorities.
1 SEI's Investment Management Unit is a team within
SEI Investments Management Corporation (SIMC), which serves as
investment advisor. SIMC is a wholly owned subsidiary of SEI.
2 Tax management is only applied to taxable accounts.
Overlay tax management may incur an additional cost. Neither SEI
nor its subsidiaries 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;
(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
For definition of investment terms, visit seic.com/glossary.
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
7,500 advisors who work with SEI, and $75.1
billion in advisors' assets under management (as of
Dec. 31, 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 Dec. 31, 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 $369
billion in assets under management and $787 billion in client assets under
administration. For more information, visit seic.com.
Company
Contact:
Media Contact:
Leslie
Wojcik
Kerry Mullen
SEI
Vested
+1 610-676-4191
+1 201-674-4185
lwojcik@seic.com
kerry@fullyvested.com
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SOURCE SEI Investments Company