OAKS, PA — SEI® (NASDAQ: SEIC) has acquired LifeYield, a Boston-based technology company specializing in tax-efficient investment tools. The acquisition bolsters SEI’s position as a leader in Unified Managed Household (UMH) solutions, enabling real-time, automated portfolio management across multiple household accounts. With this move, SEI aims to optimize after-tax returns for investors while helping advisors and wealth managers improve outcomes at scale.
LifeYield’s advanced technology brings key functions like tax-loss harvesting, asset location, withdrawal optimization, and multi-account management directly to SEI’s Wealth PlatformSM. SEI plans to integrate APIs from LifeYield into its platform as well as offer a new front-end distribution solution for financial advisors, institutions, and asset managers.
J. Womack, Chief Product Officer at SEI, emphasized the significance of the acquisition, stating, “Millennials and Gen X are in their prime earning years, and baby boomers are retiring—putting money in motion for the next decade and beyond. Investor demands for tax management and personalized portfolio flexibility are transforming the industry. By integrating LifeYield’s tax-smart technology with our investment expertise, we are setting a new standard in wealth management.”
Mark Hoffman, CEO of LifeYield, added, “Leading financial institutions have already leveraged our technology to pursue better financial outcomes for clients. Joining SEI allows us to scale this capability further, supporting the vision of a holistic UMH solution that addresses the tax needs of entire households.”
Current research underscores the significance of tax management for advisors. With enhanced capabilities from LifeYield, SEI plans to expand tools like its Estimated Taxes Saved Report, helping advisors clearly demonstrate their value to clients.
“The age of the new wealth portfolio is here,” said Arthur Worthington, Senior Business Development Director at SEI. “We believe that a 360-degree view of a client’s accounts isn’t just innovative—it’s the next generation of tax management.”
SEI’s acquisition includes the addition of LifeYield’s team members, integrating their sales, technical, and marketing expertise into the company. This development builds on an existing strategic partnership established between the two firms in 2022.
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