SEI readyto enter the IFA market

US multi-manager group SEI is to launch into the IFA market early next year with a product aimed at clients with a minimum of £100,000 to invest, writes Leo Bland. The group is looking to target IFA clients with large lump sums to invest who would traditionally be passed on to discretionary investment managers and private client stockbrokers. The group will offer a product with pre-selected asset allocation which will be regularly rebalanced and a product offering customised asset allocation. The group looks to track selected fund managers' styles to ensure they do not radically deviate f...