SEI Files Exemptive Application for ETF Multi-Share Class
SEI (NASDAQ:SEIC) has filed an exemptive application with the SEC to establish an ETF multi-share class structure for mutual funds it administers and distributes. This initiative aims to provide investment flexibility and growth opportunities for investment advisors using SEI's Advisors' Inner Circle (AIC) platform.
Unlike most applications filed by investment advisors, SEI's application is filed through its mutual fund administration and distribution subsidiaries. If approved, investment advisors using SEI's AIC platform can leverage SEI's exemption without filing their own applications, saving costs and time.
The AIC platform currently serves 45 clients and 121 funds with over $100 billion in assets under management as of September 30, 2024.
SEI (NASDAQ:SEIC) ha presentato una domanda di esenzione alla SEC per stabilire una struttura ETF a più classi di azioni per i fondi comuni che amministra e distribuisce. Questa iniziativa mira a fornire flessibilità negli investimenti e opportunità di crescita per i consulenti finanziari che utilizzano la piattaforma Advisors' Inner Circle (AIC) di SEI.
Pur essendo diversa dalla maggior parte delle domande presentate dai consulenti finanziari, la domanda di SEI viene presentata tramite le sue filiali di amministrazione e distribuzione dei fondi comuni. Se approvata, i consulenti finanziari che utilizzano la piattaforma AIC di SEI possono avvalersi dell'esenzione di SEI senza dover presentare le proprie domande, risparmiando costi e tempo.
Attualmente, la piattaforma AIC serve 45 clienti e 121 fondi con oltre 100 miliardi di dollari in attivi in gestione al 30 settembre 2024.
SEI (NASDAQ:SEIC) ha presentado una solicitud de exención a la SEC para establecer una estructura de ETF de múltiples clases de acciones para los fondos mutuos que administra y distribuye. Esta iniciativa tiene como objetivo proporcionar flexibilidad de inversión y oportunidades de crecimiento para los asesores de inversiones que utilizan la plataforma Advisors' Inner Circle (AIC) de SEI.
A diferencia de la mayoría de las solicitudes presentadas por asesores de inversiones, la solicitud de SEI se presenta a través de sus subsidiarias de administración y distribución de fondos mutuos. Si se aprueba, los asesores de inversiones que utilizan la plataforma AIC de SEI podrán aprovechar la exención de SEI sin necesidad de presentar sus propias solicitudes, lo que les permitirá ahorrar costos y tiempo.
La plataforma AIC actualmente atiende a 45 clientes y 121 fondos con más de 100 mil millones de dólares en activos bajo gestión a partir del 30 de septiembre de 2024.
SEI (NASDAQ:SEIC)는 SEC에 상장지수펀드(ETF) 다중 주식 클래스 구조를 설정하기 위한 면제가입신청서를 제출했습니다. 이 이니셔티브는 SEI의 Advisors' Inner Circle (AIC) 플랫폼을 사용하는 투자 자문가들에게 투자 유연성과 성장 기회를 제공하는 것을 목표로 합니다.
대부분의 투자 자문가가 제출하는 신청서와는 달리 SEI의 신청서는 해당 자회사의 상호 기금 관리 및 유통 부서를 통해 제출됩니다. 승인되면 SEI의 AIC 플랫폼을 사용하는 투자 자문가는 자체 신청서를 제출하지 않고도 SEI의 면제를 활용할 수 있어 비용과 시간을 절감할 수 있습니다.
AIC 플랫폼은 현재 45명의 고객과 121개의 펀드를 보유하고 있으며, 2024년 9월 30일 기준으로 1,000억 달러 이상의 자산을 관리하고 있습니다.
SEI (NASDAQ:SEIC) a déposé une demande d'exemption auprès de la SEC pour établir une structure de classe d'actions multiples pour des ETF pour les fonds communs de placement qu'elle administre et distribue. Cette initiative vise à offrir aux conseillers en investissement une flexibilité d'investissement et des opportunités de croissance utilisant la plateforme Advisors' Inner Circle (AIC) de SEI.
Contrairement à la plupart des demandes présentées par des conseillers en investissement, la demande de SEI est déposée par ses filiales de gestion et de distribution de fonds communs. Si elle est approuvée, les conseillers en investissement utilisant la plateforme AIC de SEI peuvent bénéficier de l'exemption de SEI sans avoir à déposer leurs propres demandes, économisant ainsi des coûts et du temps.
La plateforme AIC sert actuellement 45 clients et 121 fonds avec plus de 100 milliards de dollars d'actifs sous gestion au 30 septembre 2024.
SEI (NASDAQ:SEIC) hat einen Antrag auf Exemption bei der SEC eingereicht, um eine ETF-Multi-Share-Class-Struktur für die von ihr verwalteten und vertriebenen Investmentfonds einzurichten. Diese Initiative zielt darauf ab, Investmentberatern, die die Advisors' Inner Circle (AIC)-Plattform von SEI nutzen, Flexibilität bei Investitionen und Wachstumschancen zu bieten.
Im Gegensatz zu den meisten Anträgen, die von Investmentberatern eingereicht werden, wird SEIs Antrag über die Tochtergesellschaften für die Verwaltung und den Vertrieb von Investmentfonds eingereicht. Wenn sie genehmigt wird, können Investmentberater, die die AIC-Plattform von SEI nutzen, die Befreiung von SEI in Anspruch nehmen, ohne eigene Anträge einreichen zu müssen, was Kosten und Zeit spart.
Die AIC-Plattform bedient derzeit 45 Kunden und 121 Fonds mit über 100 Milliarden Dollar an verwaltetem Vermögen zum 30. September 2024.
- Platform serves 45 clients and 121 funds with over $100B AUM
- Cost savings for investment advisors using AIC platform
- Potential expansion of service offerings through ETF multi-share class structure
- None.
Insights
The filing for an ETF multi-share class structure represents a strategic move to enhance SEI's competitive position in the fund administration space. With
This development is particularly noteworthy as it differs from typical applications by being filed through SEI's administration and distribution subsidiaries rather than an investment advisor. This approach could create a competitive advantage by offering a turnkey solution for advisors using the AIC platform, potentially attracting more assets and clients while generating additional fee revenue for SEI.
While this filing doesn't guarantee immediate financial impact, it positions SEI strategically in the evolving fund industry landscape. The cost savings for investment advisors could make SEI's platform more attractive, potentially leading to increased platform adoption and higher recurring revenue streams. The initiative aligns with industry trends toward ETF structures and could help retain existing clients while attracting new ones, protecting and potentially growing SEI's
The ability to offer ETF share classes without additional regulatory hurdles could provide SEI's clients with greater flexibility in product development and distribution, potentially leading to increased assets under management and associated fees for SEI's administration services.
Fund Structure to Provide Investment Flexibility and Growth Opportunities for Investment Advisors
As industry demand for this fund structure has increased, SEI has evaluated the ETF multi-share class model and how it can help effectively meet the needs of its proprietary mutual funds and clients utilizing its Advisors' Inner Circle Fund® (AIC) platform. While most exemptive applications to date have been filed by the investment advisor to a set of mutual funds, SEI's application is filed on behalf of SEI's mutual fund administration and distribution subsidiaries. If granted by the SEC, this structure will benefit investment advisors using SEI's AIC platform, as those investment advisors would be able to rely upon SEI's exemption rather than incurring the additional cost and delay of filing their own exemptive application with the SEC. The AIC, SEI's turnkey, series trust platform, serves 45 clients and 121 funds with more than
Mike Beattie, Managing Director of SEI's Investment Managers business, said:
"We've always been committed to enabling our clients' success by evolving our platform to provide the operational infrastructure and expertise that help them meet investors' demands and remain competitive in an evolving industry. With a strong demand for the ETF multi-share class structure from the unaffiliated third-party investment advisors on our AIC platform, we believe we can more efficiently deliver this model's benefits through our approach to this filing."
1As of Sept. 30, 2024.
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
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SOURCE SEI Investments Company
FAQ
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