The Desk: SEI taps IMTC for fixed income portfolio management system
The Desk covers IMTC's announcement that SEI is using its fixed income portfolio management system to grow SMA management and customize at scale.
November 22, 2023
Originally published as an exclusive on The Desk.
By Alex Pugh, The Desk.
SEI, a provider of investment and technology solutions, will utilise IMTC’s fixed income portfolio management system to provide custom solutions to its clients.
The IMTC investment management platform allows for integrated data management, helping to simultaneously manage multiple accounts and reducing the need for typically manual processes. The platform’s built-in adherence to compliance guidelines and targets also helps to deliver personalised SMA solutions at scale. IMTC successfully implemented the new system for SEI’s fixed income team in three months thanks to IMTC’s cloud-native architecture.
Russell Feldman, CEO of IMTC, said, “We are thrilled to work with a prestigious company like SEI to expand their fixed income investment capabilities. As a tech-forward financial services company, SEI continues to demonstrate their commitment to deploying cutting-edge solutions. We’ve enjoyed working closely with Sean and his team and look forward to a bright future together.”
Talking exclusively to The DESK, Feldman said, “Fixed income SMAs have seen rapid growth over the past few years due to the tax advantages and customisation options they offer to clients. While managing SMAs has historically been incredibly manual and time-consuming, IMTC enables firms to deliver customisation across these accounts at scale.”
Sean Simko, managing director, head of fixed income portfolio management at SEI, said, “In the current economic landscape, separately managed accounts (SMAs) are a critical component of fixed income investing. Our ability to harness cutting-edge technology has empowered us to deliver an exceptional experience for our clients. IMTC enables us to not only meet but exceed our clients’ goals.”
As of September 2023, SEI manages, advises, or administers approximately US$1.3 trillion in assets.
This paper is intended for information and discussion purposes only. The information contained in this publication is derived from data obtained from sources believed by IMTC to be reliable and is given in good faith, but no guarantees are made by IMTC with regard to the accuracy, completeness, or suitability of the information presented. Nothing within this paper should be relied upon as investment advice, and nothing within shall confer rights or remedies upon, you or any of your employees, creditors, holders of securities or other equity holders or any other person. Any opinions expressed reflect the current judgment of the authors of this paper and do not necessarily represent the opinion of IMTC. IMTC expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title, or noninfringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. The information contained within this paper is the intellectual property of IMTC and any further dissemination of this paper should attribute rights to IMTC and include this disclaimer.
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