SEI Investments Co., Ltd. (SEIC – Free Report) has enhanced its Individually Managed Accounts (SMA) and Unified Managed Accounts (UMA) solutions offered through the Managed Accounts Solutions Program. These enhancements will enable the company to serve its customers more efficiently.
These expanded services include technology updates that enhance additional internal controls and third-party investment alternative launches, cost reductions, and tax optimization. These were primarily launched to cater to the needs of mass affluent, high net worth, and ultra high net worth customers.
SEIC’s technological advances provide real-time access to comprehensive reporting and analysis, promoting transparency and facilitating better decision-making.
Demand for SMAs and UMAs is gaining momentum due to improved tax efficiency and personalized investment products.
UMA’s growth trajectory over the past five years has been impressive, with assets registering a compound annual growth rate of 34%, according to the Cerulli US Managed Account Report. This upward trend is expected to continue over the next four years. SEIC’s SMA services, combined with a superior UMA structure, give investors control over their portfolios.
With more than 70 professional managers and 120 unique mandates from SEI Investments and third-party managers, investors enjoy diverse investment expertise. Additionally, he incorporates his SMA capabilities from SEIC into factor investing, direct indexing, and individual bond strategies.
Overlay portfolio management is another benefit of integrated coordination across multiple SMA managers. Designed to optimize risk and return while increasing tax efficiency through tax-aware trading.
Tax loss harvesting is another perk that allows you to book strategic losses and reduce your taxable income by offloading loss-making securities to offset capital gains. This strategy maintains market exposure and maintains long-term investment goals.
Jim Smigiel, chief investment officer of SEI Investments, said: “We are proud to offer SEI’s direct index solutions, factor strategies, individual fixed income portfolio management, and third-party services that we believe offer a sustainable competitive advantage. Through our management companies, we have access to the entire capital market. Our solution gives advisors a choice of recommendations to clients based on SEI beliefs.”
Eric Holland, Head of Client Experience for SEI’s Advisor Business, said: Our goal is to deliver better, more cost-effective personalization at scale. This enables advisors to develop new opportunities for growth, navigate complex environments with confidence, and better align strategies with new asset portfolios based on each client’s individual needs and objectives. . ”
SEI Investments has been working to expand its business by expanding its services. In February of this year, the firm invested his $10 million in TIFIN to form a strategic partnership and gain unparalleled access to market innovation in asset management. This strategy is consistent with the company’s consistent focus on enhancements and innovations to diversify revenue sources and gain market share.
Over the past six months, SEI Investments stock has increased 23.7%, lagging the industry’s growth of 35%.
SEIC currently has a Zacks Rank of #2 (Buy).You can see See the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other financial services companies are taking similar steps.
last month, Black Rock Co., Ltd. (BLK – Free Report) announced the acquisition of the remaining 75% stake in SpiderRock Advisors, a leading provider of customized option overlay strategies in the US asset market.
This transaction is an extension of BLK’s 25% minority stake in the company in 2021 and reinforces its commitment to personalized SMA. Financial terms of the deal were not disclosed, and the impact on BlackRock’s earnings is likely to be immaterial.
February of this year, Goldman Sachs Group, Inc. (G.S. – Free Report) has entered into a partnership with Mubadala Investment, Abu Dhabi’s sovereign wealth fund, with the aim of capitalizing on the significant growth in the private credit industry. The companies will jointly invest $1 billion in private credit transactions across multiple Asia-Pacific markets, with a particular focus on India.
The funds will be deployed through SMA and managed by GS through a dedicated local team in Asia and a global private credit team.
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