The tax program, introduced in November, realizes losses by moving assets from a client‚s current SEI mutual fund portfolio to a newly designed tax-allocation portfolio composed of SEI funds with very similar investment objectives. The transfer allows losses to be realized in a client‚s current portfolio while keeping the same level of diversification.
In October, the company announced its subsidiary, The SEI Private Trust Co., would offer personal trust services nationally to RIAs in its network. Another major initiative was the company‚s introduction in April of a managed-accounts program for advisors, which has had inflows of more than $1 billion.
For more information, visit www.seic.com.
Stein Roe Improves Web Site
Stein Roe Mutual Funds, based in Chicago, has redesigned its Web site at www.steinroe.com to provide more portfolio-management and account-tracking functions.
The changes make the site easier to navigate, allow the user to have a customized personalized home page and provide more prominently displayed, consolidated fund-pricing and performance information. The site also includes expanded customer-tracking and additional online account-change capabilities. For more information about Stein Roe mutual funds, call (800) 338-2550.
TFA Separate-Account Program
Transamerica Financial Advisors of Los Angeles is offering its investment advisors a new Web-based separate-account management program, TFA Advantage. The program, accessed through TFA‚s secure corporate intranet, simplifies analyzing clients‚ investment objectives and risk tolerance, recommends appropriate high-quality separate-account portfolios and provides ongoing account-management and reporting.
For more information, visit www.transamerica.com.