SEI InvestmentsCo. on April 12 announced that JanneyMontgomery Scott LLC selected SEI's asset management distribution unitto provide asset management services.
SEI will provide Janney with a custom-designed solution relatedto evolving the latter's fee-based investment platform.
In addition, SEI will provide education, practice managementand various marketing materials that will provide advisers and clients informationfor product selection. SEI said the additions will also meet the demands of therecent Department of Labor fiduciary rule changes, which alter the way advisershandle individual retirement accounts and other retirement plans currently in brokerageaccounts.