SEI Acquires LifeYield | PR Newswire [Video]

New, Fully Bundled Technology Solution to Deliver Real-time UMH and Tax Capabilities

, /PRNewswire/ — SEI^® (NASDAQ: SEIC) today announced the acquisition of LifeYield, a Boston-based, tax-smart technology provider. Through this acquisition, SEI will be the first in the industry to provide real-time, automated unified managed household (UMH) capabilities in a cost-effective, fully bundled overlay solution, providing the industry with the ability to look across all account registrations and implement a holistic financial plan to best optimize after-tax returns.

LifeYield’s capabilities provide three core benefits, which include improving efficiency for advisors and wealth managers, improving outcomes for investors, and enabling tax-efficient investing at scale. With LifeYield’s industry-leading technology for multi-account management, tax optimization, and income generation across multiple, coordinated models and accounts, SEI’s comprehensive UMH capabilities will include:

• Asset location
• Tax-loss harvesting
• Ongoing and tax-efficient multi-account household portfolio management and rebalancing
• Tax transition services
• Withdrawal optimization across multiple household accounts
• Social Security benefits …