SEI added a number of proprietary and third-party managed individually managed accounts to its Managed Account Options program, together with merchandise from AllianceBernstein, Loomis Sayles and Parametric Portfolio Associates.
“Increasing our SMA choices displays our dedication to offering advisors with differentiated funding options that provide personalised methods and entry to, in our opinion, world-class portfolio administration,” mentioned Jim Smigiel, SEI chief funding officer and head of its funding administration unit, in an announcement. “We imagine these choices will present advisors with strong choices to assist their shoppers obtain long-term monetary success.”
The brand new methods embrace AllianceBernstein’s AB Tax Conscious Mounted Revenue (SMA) and AB Tax Conscious Restricted Length (SMA). SEI’s suite already contains the AB Municipal Revenue Portfolio (SMA) and the AB Municipal Affect Portfolio (SMA) methods.
As well as, SEI added Loomis Sayles’ Core Plus Mounted Revenue Managed Account, Core Mounted Revenue with Securitized Asset Fund Managed Account, Quick Authorities Solely Managed Account and Authorities Solely Managed Account.
Lastly, SEI is including Parametric’s Customized Core World ex-U.S. ADR technique.
As for its proprietary merchandise, SEI unveiled the Systematic World Dividend Yield Core and Systematic Worldwide Fairness Core (ADR) methods.
“By integrating these options, advisors achieve entry to a robust suite of methods and instruments designed to optimize portfolio administration and assist shoppers obtain their monetary targets,” Erich Holland, head of shopper expertise for SEI’s advisor enterprise, mentioned in an announcement.
A research by advisory agency Escalent earlier this 12 months discovered that monetary advisors continued to favor SMAs due to low charges and broad funding choices. Advisors in Escalent’s survey anticipated to extend their common SMA allocations by 800 foundation factors to 26% between year-end 2023 and 2025. Advisors to high-net-worth traders are anticipated to extend SMA allocations from 23% to 31%.
AllianceBernstein Launches Balanced Direct Index Platform
In a separate announcement, AllianceBernstein unveiled its AB Tax Advantaged Balanced Direct Index portfolio, combining equities and municipal bonds right into a core individually managed account.
The managed account contains automated tax loss harvesting throughout shares and bonds and AB Clever Rebalancing, “which seeks to scale back the tax prices related to rebalancing.”
The portfolios will be personalized throughout asset-mix profiles, together with progress, balanced and revenue, in addition to quite a lot of indices.
It additionally launched AB Tax Advantaged Fairness Direct Index and AB Tax Advantaged Strategic Analysis Balanced with Municipals, that are additions to equity-only direct indexing and tax-managed energetic multi-asset portfolios, respectively.
“Through the years, AB’s municipal platform has change into a pillar of the agency’s high-net-worth model whereas securing an industry-wide popularity as a frontrunner in tax-optimized, technology-driven fastened revenue options,” Noel Archard, AB’s head of ETFs and portfolio options, mentioned in an announcement. “Combining fairness direct indexing alongside municipals is a pure extension of our capabilities, permitting us to raised serve our shoppers whereas searching for enhanced outcomes after tax.”
