SEI Advisor Network Launches New Client Reporting System

According to a press release, the reporting approach illustrates “progress to goals’ for investors. SEI said the new approach complements the company’s goal-based investment strategy, which analyzes performance not by traditional benchmarks, but rather by an individual’s progress toward goal attainment.

As SEI explains it, the system breaks down each investor’s aggregated investments into buckets for holdings, transactions, asset allocation, and performance related to long-term progress to each individual goal.

“The new statements will make it much easier for clients to understand exactly how their investments are doing and if they’re on the right track to achieving their goals,’ said Kevin Crowe, senior managing director at SEI Advisor Network, in the release. “More importantly, it’ll effortlessly help advisers better communicate and connect with clients.”

The statements include information intended to help advisers communicate with their clients, including a general market summary, specific investment performance, and ongoing account activity, the release said. The system consolidates clients’ monthly transaction statement and Quarterly Performance Report into one quarterly mailing.

An initial roll-out of the system was conducted in August, and the company said it plans a full roll-out to all clients by end of year.