Advisor Flipbooks

©2023 SEI 41 Disclosures & Important Information For Financial Intermediary Use Only. Not for Public Distribution. SEI ETF Strategies: SEI Investments Management Corporation (SIMC) is the manager to the SEI ETF Strategies. Consider the portfolio's investment objectives, risks, charges and expenses carefully before investing. The portfolio invests in exchanged-traded funds (ETFs) to obtain the desired exposure to an asset class. A copy of each ETFs prospectus can be found at www.seic.com/prospectus. The prospectus includes information concerning each ETF's investment objective, strategies and risks. The portfolio's investment performance, because it is a portfolio of funds, depends on the investment performance of the underlying ETFs in which it invests. The ETFs in the portfolio are subject to tracking error risk, or the risk that the ETF's performance may vary substantially from the performance of the index it tracks as a result of cash flows, expenses, imperfect correlation between the ETF and the index and other factors. Underlying funds may also utilize leverage, including inverse leverage. Leveraged funds seek to deliver multiples of the performance of the index or benchmark they track. Inverse funds seek to deliver multiples of opposite of the performance of the index or benchmark they track. The use of leverage can amplify the effects of market volatility on the underlying fund's share price. Leveraged funds are generally managed with a goal to seek a return tied or correlated to a specific index or other benchmark (target) as measured only with respect to a single day (i.e., from one NAV calculation to the next). Due to the compounding of daily returns, the returns of such leveraged funds over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced over longer holding periods, in funds with larger or inverse multiples and in funds with volatile benchmarks. • SEI Tactical ETF Strategies: Regarding the ETF transition substitute option, an investor may experience taxable gains to the extent that shares of the Substitute ETF are redeemed to align with the initial Strategy asset allocation and upon subsequent rebalancing. When using ESG Approved Substitutes, the ESG Approved Substitutes replace the Strategy's selected ETFs. If the ESG Approved Substitute is sold as a result of a tax-loss-harvesting opportunity, a secondary non-ESG oriented ETF will serve as a replacement during the wash-sale period. After the wash-sale period expires, the secondary ETF is sold, and the original ESG Approved Substitute selection will be repurchased. If the market goes up during the wash-sale period, the portfolio may be subject to short-term gains. • SEI Tax Managed ETF Strategies: When harvesting losses from the sale of an ETF, the Strategy may seek to avoid a wash sale while maintaining passive exposure to the desired asset class. The Strategy may do so through the purchase of a passively managed ETF offered by other fund families (Secondary Fund). Upon expiration of the wash-sale period, the Secondary Fund will be sold, which may result in a short-term capital gain, and the original ETF will be repurchased. Regarding the ETF transition substitute option, an investor may experience taxable gains to the extent that shares of the Substitute ETF are redeemed to align with the initial Strategy asset allocation and upon subsequent rebalancing. When using ESG Approved Substitutes, the ESG Approved Substitutes replace the Strategy's selected ETFs. If the ESG Approved Substitute is sold as a result of a tax-loss-harvesting opportunity, a secondary non-ESG oriented ETF will serve as a replacement during the wash-sale period. After the wash-sale period expires, the secondary ETF is sold, and the original ESG Approved Substitute selection will be repurchased. If the market goes up during the wash-sale period, the portfolio may be subject to short-term gains. • SEI ESG ETF Strategies: Environmental, social and governance (ESG) guidelines may cause a manager to make or avoid certain investment decisions when it may be disadvantageous to do so. This means that these investments may underperform other similar investments that do not consider ESG guidelines when making investment decisions. ESG and Sustainability are not uniformly defined across the industry. SEI Managed Account Solutions Fee: SEI Fee breakpoint levels are determined based on an Investor's total Account assets invested in an Investment Style categorized within the same investment style description groupings/fee rate schedules. By way of example only, if an Account is invested in two Investment Styles, the first being a model classified as a Small Cap style and a second model classified as a Small-Mid Cap style, the Account assets invested in those two Investment Styles will be combined for purposes of determining the applicable breakpoint levels for purposes of calculating the fees payable to SEI Investments Management Corporation ("SIMC"). Breakpoints are not applied across the style description groupings/fee rate schedules. By way of example only, if an Account is invested in an Investment Style classified as a Small Cap style as well as in a second Investment Style classified as an Alternative Income style, those Account assets will not combined for purposes of determining the applicable breakpoint level for calculating SEI Fees, but assets allocated to each such Investment Style will be considered individually in determining fees payable to SIMC. Fee breakpoint levels are determined based on the Independent Advisor's Client's total account assets invested in the Custom HNW Portfolios listed above. SIMC may, in its sole discretion, waive one or more of these fees, in whole or part based on SEI's relationship with the firm. SIMC may end any such fee waiver at any time, after which time affected accounts will be assessed the applicable fees. The maximum SEI Fee you will pay is 1.25%. SIMC may, in its sole discretion, waive one or more of these fees, in whole or part based on SEI's relationship with the Firm. SIMC may end any such fee waiver at any time, after which time affected accounts will be assessed the applicable fees. Investor will also pay Firm's Advisory Fee as indicated on the Account Application.

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