OAKS, PA — SEI (NASDAQ: SEIC) expanded tax-management capabilities for separately managed and unified managed accounts, giving financial advisors more control over portfolio transitions and capital gains as demand grows for tax-aware investment strategies.
The enhancements broaden the types of assets that can be incorporated into SEI’s tax-management framework, adding eligible mutual funds alongside exchange-traded funds and individual securities.
That change is intended to give investors more options when transitioning existing portfolios while managing the potential tax consequences of selling appreciated holdings.
SEI also introduced an implementation option for investors carrying significant unrealized gains. Portfolios can transition over time based on tax objectives and traditional tracking-error constraints rather than requiring an immediate repositioning.
A separate gains-budget capability allows advisors to establish annual net realized gains targets, providing systematic control over how much taxable gain a portfolio realizes as it is managed.
The changes build on an expansion of SEI’s tax-management capabilities in 2025 and nearly two decades of experience with tax overlays, according to the company.
SEI’s integrated process incorporates tax considerations into portfolio design, implementation, trading and ongoing management. It also supports coordinated tax-loss harvesting, wash-sale monitoring, portfolio optimization and investor reporting.
The company cited growing demand among wealth-management clients for tax guidance. According to figures included by SEI, 92% of advisors serving high-net-worth investors report being asked for tax guidance, while 76% of firms identify improving tax-management capabilities as a development priority.
“Investors no longer view tax efficiency as a complementary benefit to portfolio management; they expect it to be embedded in the investment process,” said Erich Holland, head of SEI’s U.S. Wealth & Advisor Business.
The expanded capabilities are designed to let advisors more closely coordinate investment decisions with individual clients’ tax preferences, particularly when managing appreciated portfolios where selling securities can trigger capital gains.
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