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Nutter Represents LifeYield in Its Acquisition by SEI
Print PDFNutter advised LifeYield, a Boston-based, tax-smart technology provider, in connection with its acquisition by SEI® (NASDAQ: SEIC). Through this acquisition, SEI will be the first in the industry to provide real-time, automated unified managed household (UMH) capabilities in a cost-effective, fully bundled overlay solution, providing the industry with the ability to look across all account registrations and implement a holistic financial plan to best optimize after-tax returns. The Nutter team was led by Michael Kushnir, and included Portia Keady, Kadeem Apply, Tracy Vitols, Alexis Yamin, Michael Mooney, Pat Concannon, Francesca Oliveira, and Haley Finn.
LifeYield’s capabilities provide three core benefits, which include improving efficiency for advisors and wealth managers, improving outcomes for investors, and enabling tax-efficient investing at scale. With LifeYield’s industry-leading technology for multi-account management, tax optimization, and income generation across multiple, coordinated models and accounts, SEI’s comprehensive UMH capabilities will include:
- Asset location
- Tax-loss harvesting
- Ongoing and tax-efficient multi-account household portfolio management and rebalancing
- Tax transition services
- Withdrawal optimization across multiple household accounts
- Social Security benefits for retirement income
Read more about the transaction.
Nutter’s Corporate Department represents domestic and international corporations, publicly traded and privately-held companies, private equity firms, nonprofit institutions, and family-owned businesses in a wide variety of domestic and cross-border transactions. The firm’s attorneys advise on significant transactions in every major industry sector, including technology, life sciences, banking, professional services, real estate, energy, medical devices, health care, and manufacturing. Nutter’s corporate practice handles the full range of M&A and private equity transactions, including representing buyers and sellers in auctions processes, mergers, asset sales, stock purchases, leveraged buyouts, roll-ups, joint ventures, PIPEs, going private transactions, tender offers, and proxy contests.
About Nutter
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, entrepreneurs, institutions, and foundations, across the country and the world. The firm’s corporate, intellectual property, litigation, real estate, employment, tax, and private client practices are national in scope. For more information, please visit www.nutter.com and follow the firm on LinkedIn.
