SEI Investments of Oaks, Pa. will introduce after-tax performance reporting for all SEI investor accounts in the fourth quarter of this year.

The service will provide quarterly investor reports that include before- and after-tax returns based on an investor's tax bracket. The reports will take into account short- and long-term capital gains and will provide pre- and post-liquidation returns, according to an SEI spokesperson.

SEI will also offer its 7,000 independent advisers daily net asset value calculations and performance data through its adviser web site, according to SEI.

"While industry groups push for generic after-tax returns, SEI is taking it one step further and customizing reports [for each] investor account," said Carmen Romeo, president of SEI Investment Advisory Group, in a statement.

The SEC has proposed a rule that would require funds to report after-tax performance figures. However, the SEC has not yet set any guidelines on how that data would be calculated.

SEI will provide performance figures using a flexible calculation that can be altered to comply with SEC guidelines once they are issued, said the SEI spokesperson

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