SEI Launches New Investor Tax Savings Report for Independent Advisors

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[{"type":"text","content":"Automated Service Now Part of Suite of Innovative Technology Solutions\n\n\nOAKS, Pa., Oct. 6, 2020 /PRNewswire/ -- SEI (NASDAQ: SEIC) today announced the availability of a new \"Estimated Taxes Saved\" report for independent financial advisors. Offered by Independent Advisor Solutions by SEI, the investor report provides a snapshot of estimated taxes saved through automated tax loss harvesting and reporting of the most recent business day's data. Each report is specific to individual client accounts employing a SEI Tax-Managed ETF Strategy or tax overlay management across equity portfolios in SEI's Managed Account Solutions program. The report helps the independent financial advisors have more timely and relevant conversations with clients about their estimated tax savings. \nIndependent financial advisors now have the ability to run an automated report across a variety of time periods, including the prior month, quarter, year or year-to-date. The Estimated Taxes Saved report highlights:\nA summary of account gains and losses broken down by strategy and dollar amount Transactions for any losses that are contributing to the estimated taxes saved value Calculated dollar values based upon the loss of a transaction multiplied by the long- or short-term tax rate assigned to the account\"Harnessing technology to not only enable tax-efficient investments, but then to highlight your business' value through automated reporting is vital for advisors—especially given the market volatility we've witnessed this year,\" said Kevin Crowe, Head of Product Development for Independent Advisor Solutions by SEI. \"Our Estimated Taxes Saved report clearly illustrates proactive tax management results that can better position advisors to deepen existing client relationships and attract higher-net-worth investors.\"\nFor close to three decades, SEI has offered a lineup of investment strategies designed to optimize investors' after-tax returns and enhanced technology solutions to independent financial advisors. SEI's Tax-Managed ETF Strategies and tax overlay management seek to opportunistically harvest tax losses during periods of market volatility. In addition, tax overlay management can coordinate buys and sells across managers, implement manager and asset allocation changes and apply rebalancing policies to the overall portfolio—all in a tax-effici...

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