3
Separately Managed
Accounts (SMAs).
SMAs are professionally managed portfolios generally made
up of individual securities that can be personalized around
client needs while focusing on a targeted investment
objective. They offer transparency through direct ownership
of securities, more customization, and some key tax
advantages over mutual funds and ETFs.
Unified Managed
Accounts (UMAs).
UMAs are a structure around multiple professionally managed
investment strategies—including SMAs, mutual funds,
and ETFs—coordinated by an overlay portfolio manager to
streamline investment management and provide benefits
beyond those of a single strategy, spanning objectives, styles,
and professional money managers, including those managed
by SEI's Investment Management Unit.
SMAs and UMAs offered through SEI's Managed Accounts Solution (MAS) program. SEI offers implementation vehicles
including mutual funds, ETFs and SMAs through SEI Mutual Fund Strategies and MAS.
