1. Destination: Achieve
Follow a new path to goal achievement using separately managed accounts
Customize and simplify Multi-manager
Separately managed accounts are an Sample SEI Separately Managed Account
effective approach for investors whose
complex finances demand flexibility.
We can help you structure a portfolio
that’s both diversified and tax-efficient. 1%
The integrity of your investment strategy
is safeguarded in three distinct ways:
10% 15%
the initial design and construction of your
customized portfolio, the selection and
constant monitoring of your money managers, 10% 10%
and the continual oversight and coordination
by your integration manager.
Help to keep more of what 12% 10%
you earn
Unlike pooled accounts, all trades are
made on your behalf. To help ensure you
pay minimal taxes, tax-aware trading is
5% 10%
practiced at two levels. All buys and sells 17%
made by the individual managers are executed
with tax efficiency in mind. Further, an “integration
manager” oversees trading across the other
managers to help you keep more of what
you earn. Asset Allocation (allocations subject to change)
l Money Market Fund 1%
See the difference
l Preferred Stock 10%
The example to the right illustrates what
a separately managed account might look l Managed Volatility 15%
like for an investor with a moderate risk l Equity Income 10%
tolerance. Each asset class is represented
l Alternatives 10%
by one or more specialist manager.
l Inter Munis 10%
l Short Munis 17%
l International 5%
l Tax Advantage Income Fund 12%
l Legacy High-gains stock position 10%

2. Shape your account to fit your lifestyle Is a separately managed
› Separately Managed Accounts provide the opportunity account right for you?
to do in-kind security transfer/stage sales to eliminate
unnecessary tax impact.
We can work together to design
› Screen out unwanted securities from equity funds
for social purposes or to avoid an over-concentration a customized financial plan and
in your employer’s stock.
see how a separately managed
› Link to your cash management account for convenient
budget management and asset transfers. account can help you to achieve
your financial goals.
Access unique asset classes
› Seeks to lower the overall correlation to other assets for
greater downside protection using alternative investments.
› Attempts to limit losses and smooth returns in down markets,
while seeking the upside in strong markets, using managed
volatility funds.
› Leverages equity income managers to generate income
and smooth cash flow.
Enjoy these features
› Professionally managed portfolios provide access
to money managers generally available only to large
institutional investors.
› Diversification extends beyond traditional asset classes.
A wide array of institutional money managers employ various
risk management techniques.
› Flexibility goes hand in hand with diversification. Working
with your advisor, you’ll have the freedom to configure your
portfolio to match your personal situation.
› Tax-aware trading is sensitive to your personal tax status,
helping you to protect your hard-won investment gains.

3. There are risks involved with investing, including loss of principal.
There is no guarantee the goals of the strategies discussed will be met. For those portfolios of individually managed
securities, SEI Investments Management Corporation (SIMC) makes recommendations as to which manager will manage
each asset class.
SIMC may recommend the termination or replacement of a money manager and the investor has the option to move the
account assets to another custodian or to change the manager as recommended.
For a complete description of all fees and expenses for separately managed accounts, please refer to SEI Investments
Management Corporation’s Form ADV Part 2A. SIMC is a wholly owned subsidiary of SEI Investments Company. Neither
SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this commu-
nication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support
the promotion or marketing of the matters addressed herein: and (iii) you should seek advice based on your particular
circumstances from an independent tax advisor.
Alternative investments are subject to a complete loss of capital and are only appropriate for parties who can bear that
risk and the illiquid nature of such investments.
Alternative investments:
› often engage in leveraging and other speculative investment practices that may increase
the risk of investment loss
› can be highly illiquid
› are not required to provide periodic pricing or valuation information to investors
› involve complex tax structures and delays in distributing important tax information
› are not subject to the same regulatory requirements as mutual funds; and
› often charge high fees
Carefully consider the investment objectives, risk factors and charges and expenses before investing. This and other
information can be found in the Funds’ prospectuses, which may be obtained by calling 1-800-DIAL-SEI. Read it
carefully before investing.
› Not FDIC Insured
› No Bank Guarantee
› May Lose Value
Information provided by SEI Investments Management Corporation, a wholly owned subsidiary of SEI Investments
Company. SEI Investments Management Corporation is the adviser to the SEI funds, which are distributed by SEI
Investments Distribution Co (SIDCO). SIMC and SIDCO, are wholly owned subsidiaries of SEI Investments Company.
For those SEI Funds which employ the `manager of managers’ structure, SEI Investments Management Corporation
(SIMC) has ultimate responsibility for the investment performance of the Funds due to its responsibility to oversee the
sub-advisers and recommend their hiring, termination and replacement. SIMC is the adviser to the SEI Funds, which
are distributed by SEI Investments Distribution Co. (SIDCo.) SIMC and SIDCo are wholly owned subsidiaries of SEI
Investments Company (SEI). Neither SEI nor its subsidiaries are affiliated with your financial advisor.
© 2009-2012 SEI (07/ 12)