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SEI Acquires LifeYield; Will Develop New, Bundled UMH Solution

December 11, 2024 Mark Hoffman By Mark Hoffman

Welcome to LifeYield’s next act.

Today we announced our acquisition by SEI® and our intentions to develop a new solution designed to make it easier for advisors and institutions to provide household-level tax management.

SEI will be the first in the industry to provide unified managed household (UMH) capabilities in a cost-effective, fully bundled solution.

In surveys, investors express a preference for financial advisory services that help them manage the many accounts that make up their portfolios, limit their tax exposure, and address their personal and family needs and preferences. That’s UMH.

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:

What Does This Mean for Our Customers?

The LifeYield and SEI teams are dedicated to investing in our products, services, and processes to help our customers grow their businesses.

For customers, SEI’s acquisition of LifeYield means more resources, faster innovation, and technology to offer all our core capabilities in one easy-to-use platform, as I explain in this video.

In the SEI announcement, J. Womack, SEI’s chief product officer, noted that with baby boomers retiring and setting money in motion for the next decade, “investors are increasingly prioritizing tax management and the flexibility of a personalized approach to portfolio management.

“We believe that integrating LifeYield’s tax-smart technology with our investment, technology, and custody capabilities creates a unique suite of tax management solutions that position SEI as the industry leader in enabling the efficient generational transfer of wealth and maximizing retirement income.”

We’ll keep you updated as we release new capabilities and products. In the meantime, I invite you to book a demo with us and add your name to our mailing list.

Mark Hoffman is the Chairman, CEO and Co-Founder of SEI LifeYield.
SEI LifeYield  |  175 Federal Street, 7th Floor  |  Boston, MA 02110
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Services provided by SEI LifeYield, LLC, an unregulated subsidiary of SEI Investments Company (SEI). Neither SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor.