SEI Investments announced today the launch of a "Tax-Loss Harvesting" initiative, a tax management tool designed to help financial advisors. The program is available only to financial advisers in SEI’s Advisor Network.

The program allows investors to realize losses by moving assets from an SEI Mutual Fund portfolio into a newly designed tax allocation portfolio, which will also be comprised of SEI funds. It will allow investors to realize losses to offset capital gains incurred in 2001 and ordinary income up to $3,000, according to SEI.

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