SEI LifeYield

Jack Sharry writing in FA Magazine describes the trials of firms that have long sought to achieve the Unified Managed Household (UMH) — and how the SEI acquisition of SEI LifeYield can help them get on a faster track.

It’s a wrap – almost. Download this week’s 2024 wrap-up of the WealthTech on Deck podcast to hear host Jack Sharry and executive producer Matt Nollman reflect on which guests revealed the most about the future of wealthtech and financial advice. https://lnkd.in/eA5e4RHq

I’m thrilled to share this announcement from SEI® and LifeYield. Now, as one organization, we’re developing real-time, unified managed household (UMH) capabilities in a cost-effective, fully bundled solution for advisors and institutions.

With our acquisition by SEI, LifeYield is now SEI LifeYield. A special edition of the WealthTech on Deck podcast features LifeYield co-founders Mark Hoffman and Paul R Samuelson discussing what this means for the financial services industry and individual investors seeking to achieve their financial goals. https://lnkd.in/eDJVvfPN

We’ve got news. And it’s big. SEI® has acquired LifeYield. Together, we’re developing real-time, unified managed household (UMH) capabilities in a cost-effective, fully bundled solution for advisors and institutions. Please read the announcement to learn more about plans for combining LifeYield’s tax-smart technology with SEI’s investment, technology and custody capabilities.

This week’s guest on WealthTech on Deck described her agency’s “SWAT team of marketers” and how they work to advance clients' growth goals in fintech and financial services.     She’s Tina Powell, chief of community at Intention.ly. Listen to learn more about how she’s also applying her marketing and media skills and her indomitable spirit to her battle with lung and advocacy for research into treatment and cures.    “If I can use the power, the God-given power and media skills that I've been given to help provide hope and information to the people that need it most, then that's my legacy,” she said. https://lnkd.in/dRtbmc9Q

Private business ownership creates wealth. Wealthy people need financial advice.   However, not every advisor has the technology and training to serve the diverse needs of business owners.   Enter this week’s guest on WealthTech on Deck. He’s Jason Early, the founder and CEO of RISR, a technology platform to help financial advisors deepen their relationships with business owner clients.     https://lnkd.in/egTzV4PJ

Many investors want to achieve diversification through ownership of assets like real estate. But few want to be developers or landlords.   However, with access to private investments, investors can have their wishes fulfilled while advisors can manage the risk to their clients’ portfolios and limit their tax exposure.   This week’s guest on WealthTech on Deck is Steve Z., chief revenue officer of Mammoth Technologies. Listen to hear his assessment of the state of public and private markets and the technology evolution that can provide exposure to a sector like real estate without picking up a hammer.   https://lnkd.in/e_UeBNdc

Few people can liven up a conversation about investment theory and practices better than our chief investment officer, Paul R Samuelson.   Now you can learn from Paul, too. His white paper on asset location appears in the recent issue of Investments & Wealth Monitor, a publication of the Investments & Wealth Institute.   Paul paints a scenario familiar to most advisors:   Clients with messy portfolios of accounts, often scattered across multiple institutions and advisors, whose financial goals may be at risk because of tax drag.   https://lnkd.in/eekajREf

You don’t achieve tax alpha with one swing of the bat, said this week’s guests on WealthTech on Deck.   Rather, it requires continuously applying time-tested practices like asset location, rebalancing, and tax harvesting across all the accounts in an investor’s portfolio. And to do that, advisors need strong technology in their bullpen. Mark Hoffman and Paul R Samuelson of LifeYield talked with host Jack Sharry about tax-smart, multi-account portfolio management, and technology to help advisors quantify its benefits to clients, even skeptical ones. Addressing advisors, Samuelson said: “The real opportunity in looking at all the household assets is that you're going to be able to pick up some of the client accounts that have been unmanaged or very poorly managed. And so it’s both an opportunity for the advisor, (and) it's a real service to the clients.” https://lnkd.in/dPp6cbEy