Through the agreement, advisers who work with SEI will have the option to purchase professional liability coverage specifically designed for financial advisers and investment professionals working with SEI, according to a company announcement. Affinity will be the program administrator, offering a full range of customer services to these advisers.
The agreement includes customer support, marketing and claims administration, among other provisions.
“Not only can E & O insurance help protect adviser firms from potentially devastating financial burdens, it can also provide their clients a better level of comfort, knowing that their adviser has sufficient coverage,” said Kevin Barr, Senior Managing Director, SEI Advisor Network, in the announcement.
More information is at http://www.seic.com/advisors.