Brown Advisory Selects SEI to Launch First ETF
SEI announced that Brown Advisory has selected the Advisors' Inner Circle (AIC) series trust platform to launch its first ETF, the Brown Advisory Flexible Equity ETF (BAFE). The fund, focusing on U.S. companies, was created through the conversion of taxable SMAs. This launch comes as the U.S. ETF market reached a record $10 trillion in September 2024.
The AIC platform, pioneered by SEI over 30 years ago, currently manages $103 billion in net assets, serving 45 clients and 121 funds. The platform enables investment organizations to launch and grow various fund types without building their own operating infrastructure.
SEI ha annunciato che Brown Advisory ha scelto la piattaforma di fiducia della Advisors' Inner Circle (AIC) per lanciare il suo primo ETF, il Brown Advisory Flexible Equity ETF (BAFE). Il fondo, con focus su aziende statunitensi, è stato creato attraverso la conversione di SMAs tassabili. Questo lancio avviene mentre il mercato ETF statunitense ha raggiunto un record di $10 trilioni a settembre 2024.
La piattaforma AIC, pionieristica di SEI oltre 30 anni fa, gestisce attualmente $103 miliardi in attivi netti, servendo 45 clienti e 121 fondi. La piattaforma consente alle organizzazioni di investimento di lanciare e far crescere vari tipi di fondi senza la necessità di costruire una propria infrastruttura operativa.
SEI anunció que Brown Advisory ha seleccionado la plataforma de fideicomiso de la Advisors' Inner Circle (AIC) para lanzar su primer ETF, el Brown Advisory Flexible Equity ETF (BAFE). El fondo, centrado en empresas de EE. UU., se creó a través de la conversión de SMAs imponibles. Este lanzamiento se produce mientras que el mercado de ETF de EE. UU. alcanzó un récord de $10 trillones en septiembre de 2024.
La plataforma AIC, pionera de SEI hace más de 30 años, actualmente gestiona $103 mil millones en activos netos, atendiendo a 45 clientes y 121 fondos. La plataforma permite a las organizaciones de inversión lanzar y hacer crecer varios tipos de fondos sin necesidad de construir su propia infraestructura operativa.
SEI는 Brown Advisory가 첫 번째 ETF인 Brown Advisory Flexible Equity ETF (BAFE)를 출시하기 위해 Advisors' Inner Circle (AIC) 신탁 플랫폼을 선택했다고 발표했습니다. 미국 기업에 중점을 둔 이 펀드는 과세 SMAs의 전환을 통해 만들어졌습니다. 이 출시는 미국 ETF 시장이 2024년 9월에 $10 조 달러의 기록에 도달하면서 이루어졌습니다.
AIC 플랫폼은 30년 이상 전에 SEI에 의해 개척되었으며, 현재 $1030억 달러의 순자산을 관리하고 있으며 45명의 고객과 121개의 펀드를 지원하고 있습니다. 이 플랫폼은 투자 조직이 자체 운영 인프라를 구축하지 않고도 다양한 유형의 펀드를 출시하고 성장시킬 수 있도록 합니다.
SEI a annoncé que Brown Advisory a choisi la plateforme de fiducie de la Advisors' Inner Circle (AIC) pour lancer son premier ETF, le Brown Advisory Flexible Equity ETF (BAFE). Ce fonds, axé sur les entreprises américaines, a été créé par la conversion de SMAs imposables. Ce lancement intervient alors que le marché des ETF aux États-Unis a atteint un record de $10 trillions en septembre 2024.
La plateforme AIC, pionnière de SEI il y a plus de 30 ans, gère actuellement $103 milliards d'actifs nets, servant 45 clients et 121 fonds. Cette plateforme permet aux organisations d'investissement de lancer et de développer divers types de fonds sans avoir à construire leur propre infrastructure opérationnelle.
SEI hat angekündigt, dass Brown Advisory die Advisors' Inner Circle (AIC) Treuhandplattform ausgewählt hat, um seinen ersten ETF, den Brown Advisory Flexible Equity ETF (BAFE), zu starten. Der Fonds, der sich auf US-Unternehmen konzentriert, wurde durch die Umwandlung von steuerpflichtigen SMAs geschaffen. Diese Einführung erfolgt, während der US-ETF-Markt im September 2024 einen Rekord von $10 Billionen erreicht hat.
Die AIC-Plattform, die vor über 30 Jahren von SEI ins Leben gerufen wurde, verwaltet derzeit $103 Milliarden an Nettovermögen und betreut 45 Kunden und 121 Fonds. Die Plattform ermöglicht Investmentorganisationen, verschiedene Fondstypen zu starten und zu wachsen, ohne ihre eigene Betriebsinfrastruktur aufzubauen.
- Launch of new ETF product expanding Brown Advisory's market presence
- Strategic partnership with SEI's established AIC platform ($103B in assets)
- Tax-efficient conversion from SMAs to ETF structure
- Entry into growing ETF market ($10T total market size)
- None.
Insights
The launch of Brown Advisory's first ETF through SEI's platform marks a strategic move in the rapidly growing ETF market. With the U.S. ETF market reaching a record
The conversion of taxable SMAs to launch BAFE demonstrates a tax-efficient approach that could appeal to existing and new investors. This move aligns with industry trends where established asset managers are expanding their product offerings through ETF conversions, potentially providing better tax efficiency and liquidity for investors.
SEI's Turnkey Operational Platform and Comprehensive Suite of Services Provide Scale and Stability
Brown Advisory's fund launches as the
Chris Bartlett, Head of the Institutional business of Brown Advisory, said:
"We chose to partner with SEI through the Advisors' Inner Circle platform because they offer an established, proven infrastructure, high-touch service, specialist resources, and a knowledge transfer model that supports our long-term plans in ETFs. ETFs afford multi-dimensional benefits to our clients, and we view SMA conversions as a unique tool to accomplish a tax-efficient transition to a tax-efficient vehicle. The conversion required a significant level of care, coordination, and due diligence, and SEI has been a strong strategic partner in this important initiative."
John Alshefski, Senior Vice President and Head of SEI's Traditional Investment Managers business, said:
"We're excited to welcome Brown Advisory to the Advisors' Inner Circle Fund Trust and believe the ETF marketplace and ecosystem will celebrate the entry of this unique manager. We're committed to supporting Brown Advisory's growth and look forward to building a long-term relationship."
SEI helped pioneer the series trust concept more than 30 years ago with the launch of the AIC. As of Sept. 30, 2024, the platform has over
1 ETFGI, "ETFGI report assets invested in the ETFs industry in
About SEI®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to help drive growth, make confident decisions, and protect futures. As of Sept. 30, 2024, SEI manages, advises, or administers approximately
About SEI's Investment Managers business
SEI's Investment Managers business provides advanced operating infrastructure for investment organizations of all types to evolve and compete in a landscape of escalating business challenges. SEI's global operating platform delivers customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners. The company's services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI partners with more than 320* traditional asset managers, alternative managers, and sovereign wealth managers, including 43 of the top 100 asset managers worldwide.** For more information, visit seic.com/ims.
*Does not include family office clients.
**Based on Pensions & Investments' "Largest Money Managers" 2023 ranking.
Important Information
Before investing you should carefully consider a Fund's investment objectives, risks, charges, and expenses. This and other information is in the summary or statutory prospectus, a copy of which may be obtained by calling 1-800-540-6807. Please read the prospectus carefully before you invest.
All investments involve risk, including possible loss of principal.
The Brown Advisory Flexible Equity ETF is distributed by SEI Investments Distribution Co. (SIDCO). The Fund is managed by Brown Advisory Inc. SIDCO is not affiliated with Brown Advisory Inc.
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SOURCE SEI Investments Company
FAQ
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