SEI announced the launch of Digital Account Open and Digital Model Management, two key technology enhancements available to independent advisors through the SEI Wealth PlatformSM. Digital Account Open simplifies opening a new client account, expanding SEI's current electronic onboarding and eSignature process with an end-to-end, easy-to-use new tool. The technology is built to eliminate the traditional paper-based process and enables advisors to open client accounts entirely digitally.

Features include: An intuitive, step-by-step workflow to guide the input process; Adaptable onboarding, from launch to collecting an eSignature, and the ability to pause and save progress or assign responsibility to other authorized team members; An integrated process to catch input mistakes and help avoid "not in good order" submissions; A cohesive dashboard with pending accounts, work in progress, and relevant status and dollar values. Digital Model Management provides a fully-digital way for advisors to deploy and interact with client portfolios, all in a unified managed account framework. The cloud-native application allows advisors to personalize client portfolios in accordance with their financial goals, risk tolerance, tax and fee preferences, and more.

Features include: An easy-to-navigate dashboard for creating and adjusting investment models across all types of investment strategies, including mutual funds, ETFs, and separately managed accounts (SMAs); Smart workflows with an intuitive setup that follows the relevant steps for each investment change; A digital interface featuring an all-in-one overview of any investment change's impact on cost, risk, asset allocation, rebalancing settings, and tax needs.