After a decade of unsteady results, SEI Investments is attracting financial advisors again
Wayne Withrow is taking a patient approach to growth that is helping the TAMP to regain trust among advisors
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Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo
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January 7, 2023 at 1:50 AM
Biz Briefs: SEC cracks down anew on RIA reverse churning ~ Envestnet borrows $350 million to buy its own stock ~ Fidelity is creating a crypto waiting list while exec questions crypto ecosystem
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November 18, 2022 at 2:56 AM
Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm
Ron Ransom earned CEO Bill Crager's trust as chief business development officer and now will define how Envestnet conducts itself as a global citizen and vendor of wellness.
July 27, 2022 at 2:27 AM
Walt Bettinger sheds 'president' title and Bernie Clark gets new boss as Schwab appoints Rick Wurster as president and No. 2 in charge
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December 20, 2021 at 11:59 PM
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Rob S
Nice fluff piece on SEI. Why is there no mention of SEI’s performance? And how many of those 100 or so people constructing the portfolios are actual senior people? There is no mention of their CIO either, why is that?
Mario
True, Rob, there is no mention in the article of “SEI’s performance” or the seniority of the “people constructing portfolios” or “their CIO”.
I also noted no mention of the Super Bowl, the Yankees, Battlestar Gallactica or President Obama.
Since it is quite obviously, you have an axe to grind with SEI, why don’t you just grow some balls and say what you you want to say, rather than gutlessly casting negative aspersions without backing-up your thinly veiled attack with FACTS ????
M
Bill Winterberg
The benefits of SEI’s TAMP come with the cost of decreased granular control over portfolios and cumbersome management via fax-based order instructions.
Want dividends to be paid in cash rather than reinvested? Fax a form. Want to set aside a portion of cash in the portfolio so it doesn’t get automatically invested into the TAMP? Fax a form.
Loss harvesting and tax management can be achieved in TAMP account, but it is difficult to implement and advisors must do so on an account-by-account basis (rather than across the advisor’s entire book).
Bill @ <a href="http://fppad.com">FPPad.com</a>
