W&F Issue 6 2018

Wealth & Finance International - Issue 6 2018 5 Expansion highlights market momentum and one-year anniversary as part of SEI. SEI Archway, an Indianapolis-based provider of technology and technology-enabled services to the private wealth industry, announced the opening of its new office in Indianapolis. SEI Archway is part of SEI, a leading global provider of investment pro- cessing, investment management, and investment operations solutions. The move to larger premises coincides with the one-year anniversary of SEI’s acquisition of Archway Technology Partners, as well as reaffirms SEI’s commitment to serving and SEI Archway’s continued growth and success in the single- and multi-family office industry. SEI Archway’s growth over the past 12 months has been fuelled in part through the addition of a significant number of new family office clients to its technology platform, increasing the firm’s assets on platform to more than $300 billion. “We are very proud of SEI Archway’s contribu- tions to our overall business,” said Steve Meyer, Executive Vice President of SEI and Head of SEI’s Investment Manager Services division. “With the addition of SEI Archway’s unique technology plat- form and service capabilities, we have been able to expand our relationship with existing SEI clients while continuing to effectively service existing fam- ily office clients. This growth validates our belief that the combined competencies of SEI and SEI Archway will drive the next wave of innovation and client service within the family office market.” Designed by Parallel Design Group, an Indianapo- lis-based commercial interior design firm, the new SEI Archway office is located at 8888 Keystone Crossing and will house the company’s local- ly-based staff, which includes the product support, implementation consulting, fund accounting, product design, software development and quality assurance teams. Echoing parent-company SEI’s open environment, the stimulating, high-energy, art-infused design features an open workspace that spans the entire 14th floor, further enabling the company’s diversified teams to seamlessly collaborate and engage with one another. To accommodate its accelerated business growth, SEI Archway also plans to complete renovations on the building’s 12th floor by early 2019. In total, SEI Archway will occupy more than 40,000 square feet inside the Indianapolis location. In addition to SEI’s 96-acre corporate headquarters in Oaks, PA, SEI Archway also has offices in New York City and Denver. “As we celebrate our first anniversary as a part of the SEI family, SEI Archway’s significant office expansion in Indianapolis underscores our ongoing commitment to delivering unmatched wealth man- agement technology and outsourcing solutions, just as we have done for the last 16 years,” said Jason Brown, CEO of SEI Archway. “Since joining SEI last July, we have intensified our focus on cli- ent service and product development. Our new of- fice space is uniquely suited to foster creativity and innovation among our employees as we continue to develop solutions that help our clients efficiently solve their most pressing business issues.” Brown Brothers Harriman Launches BBH Income Fund BBH expands investor access to fixed income capabilities via new fund launch. On the 27th July, Brown Brothers Harriman & Co. (BBH) launched the BBH Income Fund (the Fund). The open end mutual Fund will be co-managed by Andrew Hofer and Neil Hohmann. The BBH Income Fund seeks to provide maximum total return with an emphasis on current income, consistent with the preservation of capital and prudent investment management. The Fund seeks to achieve its investment objective by investing in a well-diversified portfolio of fixed income instruments, using a value-oriented approach. “The Income Fund complements our mutual fund offerings by providing fund investors with access to our investment capabilities and fixed income markets proficiency which were previously only accessible through separately managed accounts,” said Neil Hohmann. “We are excited to launch a mutual fund that takes advantage of our ability to find value across a broad range of fixed income instruments and maturities, and offer investors another opportunity to access our disciplined fixed income approach.” The Fund’s investments will be primarily focused in notes and bonds issued by domestic and foreign corporations, financial institutions, the U.S. Government, government agencies and government guaranteed issuers, asset-backed securities (ABS), commercial mortgage-backed News securities (CMBS), residential mortgage-backed securities (RMBS), and loan transactions. The Fund will invest without limitations on the range of maturities of the debt securities it purchases and may hold securities with short-, medium- or long-term maturities. Under normal market conditions, the Fund is expected to achieve a duration (sensitivity to changes in yields) between 80% and 120% of the broad investment grade market, as represented by the Bloomberg Barclay’s US Aggregate Index. BBH’s Fixed Income business manages diversified taxable fixed income, credit only, municipal and inflation-protected mandates across a range of maturities. The firm’s Fixed Income strategies include: Core, Intermediate Duration, Limited Duration, Structured Fixed Income, Credit Value, Municipals, and TIPS. As of May 31, 2018, BBH managed approximately $35 billion in fixed income assets and $64 billion in total assets. The BBH Income Fund team, led by co-managers Andrew Hofer and Neil Hohmann, is supported by a professional team of credit analysts, quantitative analysts, and traders with an average of more than 15 years of investment experience. Andrew Hofer is the Head of Taxable Portfolio Management for BBH taxable fixed income strategies and a Managing Director of BBH & Co. Neil Hohmann is the Head of Structured Fixed Income, a portfolio manager for BBH Investment Management, and a Managing Director of BBH & Co.