SEI rolls out goals-based portfolios

SEI Canada has launched eight goals-based portfolios, allowing investors to address their personal financial needs, desires and time horizons in a way that helps them look beyond intermittent market volatility.

“Goals-based investment portfolios are designed to help advisors change the conversations they have with their clients,” said Kevin Barr, head of the investment management unit at SEI. “Instead of wondering if they’re beating the index or their neighbour’s portfolio, investors ask if they are on track to meet their goals. Less benchmarking can help investors stick with their long-term plans, with an eye on the goal ahead. “

The portfolios fall into two groups: stability-focused and growth-focused. The stability-focused portfolios are designed for investors who need to protect against losses, while maintaining a comfortable level of growth. The growth-focused portfolios are designed for investors who need to steadily accumulate assets at a rate consistent with their appetite for risk.

SEI’s goals-based portfolios have been available in the U.S. and UK for about a decade already.

The firm also announced it had reached an agreement with the first dealer to carry to new portfolios: Worldsource Financial Management.

“In response to on-going advisor demand we are always seeking innovative portfolio solutions for our advisors and their clients,” said Andy Mitchell, President of Worldsource Financial Management. “SEI is able to provide this groundbreaking investment solution to our clients. Their investment philosophy, understanding of the end investor and experience in providing outsourced solutions to wealth managers around the world makes them a valuable partner.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.