After failing to sell its institutional consulting practice, SEI Corp. announced it would dress it up for a future sale.
Capital Resources will be given a new name, a chief executive officer, its own board of directors, and a significant equity stake will be offered to its 150 employees.
"Eventually we want to be completely divested of it," a spokesman said.
Executives of SEI, which is based in Wayne, Pa., believe there may be the appearance of a conflict of interest, he said. Capital Resources advises pension managers on allocating assets. It was established 13 years ago; since then SEI has developed its own asset management business.