Senior Attorney, Asset Management Legal

SEI is seeking a Senior Attorney to join its Asset Management Legal team and provide legal and regulatory support to SEI’s U.S. wealth management, investment advisory, asset management, and distribution businesses. The Asset Management Legal team supports integrated investment, advisory, and wealth management solutions that combine SEI investment capabilities, advisor technology, custody and platform connectivity, distribution support, and related services, partnering closely with business, compliance, risk, technology, executive leadership, and other legal teams that advise on operational and platform support matters. The Senior Attorney will serve as a legal advisor to SEI businesses supporting the design, delivery, and distribution of investment solutions through fee-based advisory and wealth management channels. The role will support platforms and programs that enable SEI’s proprietary distribution channels as well as channels serving third-party wealth management firms, with a focus on solution design, delivery, disclosure, distribution, platform integration, and the use of proprietary and third-party investment products as components of broader investment solution sets. Although the role’s primary focus will be SEI’s wealth management and advisory channels, the Senior Attorney will also support the broader Asset Management group, including institutional investment management activities and other strategic initiatives. The successful candidate will be a practical, business-oriented attorney who can analyze complex legal and regulatory issues, work independently on matters within the role’s discipline, collaborate effectively with stakeholders, and elevate more complex or strategic matters appropriately. The Senior Attorney will be a member of SEI’s Legal, Compliance & Corporate Development Department and will report to a Senior Director within the Asset Management Legal team. What You Will Do: Advise Wealth Management and Advisory Businesses Provide legal and regulatory advice regarding investment advisory programs, managed account platforms, discretionary and non-discretionary advisory services, model delivery programs, goals-based advice, OCIO services, investment strategies, and customizable wealth management solutions. Advise registered investment adviser entities and business teams on matters arising under the Investment Advisers Act of 1940 and related regulatory requirements, including fiduciary obligations, conflicts of interest, disclosures, advertising, client communications, and compliance program considerations, with appropriate guidance and escalation on novel or highly complex issues. Support intermediary, high-net-worth, retirement, institutional, and retail advisory offerings, including matters involving individual retirement accounts and other qualified account structures. Advise on legal and regulatory considerations involving investment models, proprietary strategies, outsourced investment solutions, model portfolios, UMA and SMA frameworks, tax-managed strategies, ETFs, mutual funds, alternatives access, and related solution components. Advise on conflicts of interest, compensation arrangements, revenue and fee structures, disclosures, fiduciary considerations, and regulatory positioning associated with the use of proprietary and third-party investment products within advisory and wealth management solutions. Support Advisory Platforms, Distribution, and Related Legal Coordination Provide day-to-day and strategic legal support for platforms and programs that support the development, delivery, disclosure, and distribution of investment solutions through fee-based channels, including SEI proprietary distribution channels and channels supporting third-party wealth management firms. Serve as a practical legal partner to solutions, sales, distribution, service, investment management, and related business teams, while coordinating with senior attorneys and other legal teams on matters requiring broader judgment, cross-functional alignment, or escalation. Support strategic distribution arrangements and relationships involving financial advisers, registered investment advisers, broker-dealer-affiliated advisory programs, intermediary platforms, bank and wealth management firms, custodians, institutional and private wealth channels, and other business partners. Coordinate with SEI’s Technology and Operations Legal team and other legal colleagues on legal issues involving account administration, trading support, client servicing, platform operations, and related operational functions supporting SEI’s advisory and wealth management businesses. Partner closely with SEI’s Technology and Operations Legal team and other legal colleagues on platform enhancements, digital initiatives, automation efforts, vendor relationships, and business transformation initiatives affecting retail investment channels. Support Strategic Growth and Integration Initiatives Provide legal support for strategic business initiatives, integrations, and platform expansion efforts, including support for Stratos, an SEI-affiliated wealth management platform serving independent financial advisors through flexible affiliation options, advisor-focused services, and access to investment, advisory, technology, custody, and platform capabilities, as Stratos advisors evaluate and use SEI solutions within their client service models. Collaborate with business leaders to evaluate new products, services, solution components, operating models, partnerships, distribution channels, and growth opportunities. Assist with the development and implementation of scalable governance frameworks and operating models that promote regulatory compliance, operational effectiveness, and responsible business growth. Work closely with attorneys across SEI’s Asset Management, Technology and Operations, Corporate Development, Regulatory, Privacy, and other legal teams on complex cross-functional matters. Manage Commercial, Regulatory, and Governance Matters Draft, review, negotiate, and interpret advisory agreements, client agreements, platform agreements, strategic partnership agreements, vendor contracts, distribution arrangements, and other legal documentation supporting SEI’s advisory and wealth management businesses, with senior attorney support for novel, high-risk, or strategically significant matters. Monitor and assess legal and regulatory developments affecting investment advisers, wealth managers, retirement programs, separately managed accounts, model delivery programs, and related investment services. Support regulatory examinations, inquiries, audits, investigations, internal reviews, and remediation initiatives. Provide legal support across the broader Asset Management group, including institutional investment management activities, proprietary investment products, and, as needed, private investment vehicles and other investment solutions. What We Need From You: Juris Doctor degree from an accredited U.S. law school and active license to practice law in at least one U.S. jurisdiction. Four to six years of relevant legal experience at a law firm and/or as in-house counsel at a financial services organization. Experience addressing legal and regulatory issues involving registered investment advisers, advisory businesses, distribution arrangements, wealth management services, or related platform support matters. Demonstrated ability to analyze complex legal and regulatory issues, exercise independent judgment on matters within the role’s discipline, and provide practical, business-focused guidance while recognizing when escalation or additional input is appropriate. Excellent legal research, drafting, negotiation, communication, and stakeholder management skills. Ability to balance effective business partnership with independent legal judgment and timely, constructive escalation of legal and regulatory issues. Strong organizational skills and the ability to manage multiple priorities in a dynamic, evolving environment. High degree of integrity, professionalism, discretion, and sound judgment. What We Would Like From You Experience supporting managed account programs, model portfolio platforms, UMA or SMA programs, strategies comprised of ETFs or mutual funds, tax-managed strategies, alternatives access, or broader wealth management solution sets. Experience advising registered investment advisers serving retail, intermediary, high-net-worth, or institutional clients. Familiarity with advisory platform integrations, operating model transformations, or strategic business initiatives involving wealth management firms. Experience coordinating with legal, compliance, operations, technology, or business teams on advisory platform integrations, custody arrangements, investment program administration, or related platform support matters. Experience working in-house at a financial services firm, wealth manager, asset manager, or in an investment management practice at a law firm. What Sets This Opportunity Apart This role provides meaningful exposure to SEI’s advisory, wealth management, distribution, and broader asset management businesses. The Senior Attorney will work with senior business leaders, cross-functional stakeholders, and legal colleagues to support strategic initiatives that affect how investment capabilities, advisor technology, platform connectivity, distribution relationships, and related services are combined into scalable investment and wealth management solutions. The position combines sophisticated legal work with substantial business engagement and offers the opportunity to help shape the continued evolution of SEI’s advisory and wealth management platforms, including coordination across legal, business, technology, and operations teams that support the delivery of SEI’s integrated investment solutions. Career Growth Opportunities This role offers opportunities to broaden expertise across investment advisory regulation, wealth management, distribution, product governance, fiduciary and conflicts analysis, compensation and disclosure issues, institutional asset management, cross-functional legal coordination, and strategic business initiatives. Successful Senior Attorneys may take on increasingly complex matters, broaden their subject‑matter expertise, and grow into roles with expanded ownership and leadership responsibility within SEI’s global asset management platform. Attributes We Value Integrity and strong ethical standards Sound judgment and accountability Strong business acumen and strategic thinking Practical, solution-oriented mindset Intellectual curiosity and commitment to continuous learning Collaboration and relationship building Initiative and ownership Clear communication and active listening Adaptability and resilience Professional maturity and self-awareness Ability to thrive in a fast-paced, highly collaborative environment SEI’s competitive advantage: To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about. Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more. We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI. The position title reflected in this job description is aligned with SEI’s current internal job architecture. As part of SEI’s role and career framework, internal job titles may not directly correspond to external market titles and may differ from titles previously assigned during an employee’s tenure or at the time of hire. SEI is an Equal Opportunity Employer and so much more… After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks. SEI is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law. AI Acceptable Use in the application and interview process: SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals’ personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhere to our AI use guidelines. #J-18808-Ljbffr SEI