SEI Corp. has given birth to its own fund family targeted toward retail investors after more than three years of playing stepparent to the propriety mutual funds of banks.

With the launch of ProVantage Funds, SEI, an investment-services firm, is now marketing retail mutual funds under its own name. However, the funds will be managed by outside advisers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.