SEI Expands Tax Management Capabilities for SMAs and UMAs
SEI has enhanced its integrated tax management capabilities to provide greater flexibility in managing separately managed accounts (SMAs) and unified managed accounts (UMAs). The new features include expanded mutual fund integration, improved tax transition options, and gains budget control. These enhancements aim to help advisors align portfolios with investor objectives while minimizing the impact of taxes on returns. The updates build upon SEI's existing experience in tax overlay strategies and a major expansion from 2025. They are designed to support coordinated tax-loss harvesting, wash-sale awareness, portfolio optimization, and reporting. The enhancements also reflect growing demand for personalized tax-management solutions among high-net-worth investors, with advisors increasingly prioritizing improved capabilities. Erich Holland of SEI emphasized that tax efficiency is now a central part of the investment process rather than an afterthought. By expanding eligible assets and offering more control over gains realization, SEI aims to help advisors deliver better after-tax outcomes for their clients.
Tickers: $SEIC
Topics: ETFs mutual funds portfolio management SEI SMA/UMA