SEI, the US firm which provides outsourcing to wealth managers, is partnering with investment platform Cofunds to offer an outsourced investment solution specifically targeted to UK independent financial advisors.

SEI has developed a range of strategic portfolios aligned to various risk/return profiles, while Cofunds is providing the technological and administrative services. The SEI Strategic Portfolios combine asset allocation and portfolio construction with rebalancing, manager selection and monitoring, SEI said in a statement.

“Advisors increasingly recognise the value of outsourcing asset allocation, portfolio construction, and administration so that they can concentrate on advising clients and growing their businesses. By using an outsourced investment solution, they can manage the risk, eliminate the administrative burden, implement a reliable and consistent client process, and focus on meeting regulatory requirements,” said Chris Keogh, director of SEI’s Global Wealth Services.