SEI® (NASDAQ:SEIC) has announced the launch of Digital Account Open and Digital Model Management, two key technology enhancements available to independent advisors through the SEI Wealth PlatformSM.
Digital Account Open simplifies opening a new client account, expanding SEI’s current electronic onboarding and eSignature process with an end-to-end, easy-to-use new tool. The technology is built to eliminate the traditional paper-based process and enables advisors to open client accounts entirely digitally. Features include:
- An intuitive, step-by-step workflow to guide the input process
- Adaptable onboarding, from launch to collecting an eSignature, and the ability to pause and save progress or assign responsibility to other authorized team members
- An integrated process to catch input mistakes and help avoid “not in good order” submissions
- A cohesive dashboard with pending accounts, work in progress, and relevant status and dollar values
Digital Model Management provides a fully-digital way for advisors to deploy and interact with client portfolios, all in a unified managed account framework. The cloud-native application allows advisors to personalize client portfolios in accordance with their financial goals, risk tolerance, tax and fee preferences, and more. Features include:
- An easy-to-navigate dashboard for creating and adjusting investment models across all types of investment strategies, including mutual funds, ETFs, and separately managed accounts (SMAs)*
- Smart workflows with an intuitive setup that follows the relevant steps for each investment change
- A digital interface featuring an all-in-one overview of any investment change’s impact on cost, risk, asset allocation, rebalancing settings, and tax needs
Erich Holland, Executive Managing Director of Client Engagement for SEI’s advisor business, said:
“We are excited to continue our cloud transformation and enhance our technology platform with two cutting-edge tools that streamline how independent advisors deliver wealth management advice to their clients. These fully-digital, integrated solutions simplify and expedite the account open process and power customized portfolio implementation. With them, advisors will be better positioned to differentiate their practices through a personalized, goals-driven wealth management approach that works to build brave futures for the individuals and families they serve.”
