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SEI enhances managed accounts program

SEI has reduced pricing, expanded investment styles and increased manager lineup for its Managed Accounts Program which added $1bn in assets in 2011.

The company has lowered pricing for managers in the program by 15% on average and the number of specialist money managers in the lineup has doubled.

SEI’s Managed Account Program features an expanded lineup of available specialist money managers.

The company has increased its available investment styles and number of managers from 24 to 48 in an effort to provide an expanded offering in the Managed Accounts Program.

SEI Advisor Network managing director Steve Onofrio said that they believe Managed Accounts are an indispensable tool for advisors as they look to grow their business and meet their clients’ needs.

"By decreasing the cost and increasing the manager lineup, we are providing advisors with the best of both worlds – greater selection, at a lower price. Given the increasing demands facing advisors in all aspects of their business, more firms are looking to Managed Accounts as a solution," added Onofrio.