SEI Acquires LifeYield to Boost UMA Capabilities

SEI intends to expand these capabilities with a new front-end solution for on- and off-platform distribution to help financial advisors, institutions and asset managers better manage and implement household accounts.

J. Womack, chief product officer at SEI, said in a statement that investors are increasingly prioritizing tax management and the flexibility of a personalized approach to portfolio management. He added that both firms “fervently believe that tax optimization is a philosophy, not a feature.”

LifeYield CEO Mark Hoffman observed that SEI’s position in the industry can significantly elevate his firm’s ability to make its technology available to a wider audience.

“Joining the SEI team is a next step in building upon our existing strategic partnership,” Hoffman said. “We’re excited to deliver a UMH solution that considers the entirety of a household, so the tax benefits extend to everyone who is part of a client's financial picture.”

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