The tie-up targets wealth and retirement channels, including model portfolios and defined contribution strategies, as individual investors and plan sponsors seek broader alternative investment options.
SEI said the firms will develop joint products to simplify allocations to private markets, building on its SEI Access alternatives marketplace and its existing defined contribution asset-management business.
The deal follows wider industry moves to bring private assets to retail and retirement investors, amid policy support and survey evidence showing strong sponsor interest in adding such exposure.
With new regulations and industry partnerships, will private market access actually improve retirement outcomes—or just benefit asset managers?
Could the push to bring private market investments into 401(k)s expose everyday savers to risks they don't fully understand?
How might the growing complexity of retirement plan choices affect participant decision-making and long-term financial security?