SEI partners CoFunds to target UK IFAs

Source: SEI

SEI (NASDAQ: SEIC) today announced the launch of its new investment solution to the UK IFA marketplace, through a strategic partnership with Cofunds, one of the UK's largest investment platforms. SEI has developed a range of strategic portfolios that are designed to align with a spectrum of investors risk profiles and financial goals.

The strategic partnership brings together SEI's asset management capabilities and Cofunds technology and administrative services. This combined offering is designed to provide advisers with the opportunity to build long-term growth and create a more efficient, consistent, and profitable client process.
The SEI Strategic Portfolios embrace SEI's goals-based philosophy and combine modern portfolio construction theory with behavioural finance. By combining dynamic asset allocation and portfolio construction with rebalancing, manager selection, and monitoring, the SEI approach aims to maximize investment opportunities and diversify risk to provide more consistent results for investors.

Specifically designed for the advisory market, the portfolios are designed to help advisers provide tailored client recommendations with a scaleable, risk managed, investment solution and process.

Chris Keogh, Director of SEI's Global Wealth Services, said:

"Advisers increasingly recognise the value of outsourcing asset allocation, portfolio construction, and administration so that they can concentrate on advising clients and growing their businesses. By using an outsource investment solution, they can manage the risk, eliminate the administrative burden, implement a reliable and consistent client process, and focus on meeting regulatory requirements.

"SEI has significant experience of working successfully with advisers globally and we are pleased to be partnering with Cofunds as they are committed to supporting advisers to transform and build long-term growth. Together, we can help advisers better serve their clients and drive the capital value of their businesses."

Commenting on the partnership, Alastair Conway, Sales & Marketing Director of Cofunds said:

"In response to Adviser demand we have partnered with SEI to provide an outsourced investment solution on our platform. Their investment pedigree, understanding of the end investor and experience in prorroviding outsourced solutions to wealth managers around the world makes them an ideal partner as we seek to support the evolution of financial planning here in the UK."

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