The portfolios SEI is adding combine modern portfolio construction theory and behavioral finance, and are designed to provide scalable investment propositions for the independent advice market, according to the firm.

“Advisors increasingly recognize the value of outsourcing asset allocation, portfolio construction, and administration so that they can concentrate on advising existing clients, acquiring new clients, and growing their businesses. By using an outsourced investment solution, they can manage the risk, reduce the administrative burden, and focus on implementing a reliable and consistent client process,” said Mark Rockliffe, director of asset management UK for SEI Global Wealth Services.

A number of firms have been adding to the services they provide to the UK IFA market, in the expectation that the UK regulator’s RDR package of reforms, due to come into force end-2012, will increase demand.

Russell Investments recently announced it is looking to expand its coverage of this market.