We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Selestia, SEI funds and portfolio rebalancing
Options

murmeltier
Posts: 124 Forumite


My IFA recommends I invest with Selestia in a number of SEI funds to meet my risk profile. I'm mostly ok with the asset and sector allocation that's being suggested (with the exception of the property sector which they propose I put 20% in [risk level 8]), but I'm a bit unsure about SEI. Apparently SEI will have discretion to alter the funds to meet the objectives which sounds like portfolio rebalancing to me.
I've had a look at the Selestia web site, but I couldn't find anything specific relating to these SEI funds.
Since I've never heard of them before, does anyone know whether SEI is a reputable company and what their track record has been so far?
Also, does this automated portfolio rebalancing sound ok or would I be better off choosing my own range of funds and rebalancing my portfolio myself from time to time rather than putting everything into SEI?
Thanks.
I've had a look at the Selestia web site, but I couldn't find anything specific relating to these SEI funds.
Since I've never heard of them before, does anyone know whether SEI is a reputable company and what their track record has been so far?
Also, does this automated portfolio rebalancing sound ok or would I be better off choosing my own range of funds and rebalancing my portfolio myself from time to time rather than putting everything into SEI?
Thanks.
0
Comments
-
Hi, murmeltier (cute!),
Better off choosing your own and managing them yourself IMO.0 -
My IFA recommends I invest with Selestia
Good company. No problems there.in a number of SEI funds to meet my risk profile.
I am not a fan of SEI funds as I prefer to do the management myself but they serve their purpose for those that want to use them.I'm mostly ok with the asset and sector allocation that's being suggested (with the exception of the property sector which they propose I put 20% in [risk level 8]), but I'm a bit unsure about SEI.
Whats wrong with 20% into property? Commericial property funds are lower risk (risk 5 generally) but the property funds with shares in start moving up the scale (aberdeen property share is risk 10/10 for example). So, saying 20% into property doesnt really mean anything as far as risk goes until the actual funds are chosen.Since I've never heard of them before, does anyone know whether SEI is a reputable company and what their track record has been so far?
Certainly reputable. Basically, you are passing the investment decisions on where to invest on to a manager. Good if you want to invest and forget but not required if you want a hands on approach or you have an IFA that takes that hands on approach themselves.Also, does this automated portfolio rebalancing sound ok or would I be better off choosing my own range of funds and rebalancing my portfolio myself from time to time rather than putting everything into SEI?
Rebalancing is important for any portfolio. You can either do this yourself or you can use the automated rebalancing. It really makes no difference whether you you submit a switching form with the rebalancing instruction or whether it is done automatically as the end result is the same.
If you want to be more involved, then dont use SEI as you are introducing another "manager" into it.
However, Selestia are fine.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I would ask how you gain through using an intermediary like Selestia - probably another layer of cost0
-
Selestia is a fund supermarket. It is not a wrap. Its the same as Fundsnetwork, Cofunds, Skandia, HL etc
They are not the intermediary, the IFA is. Selestia are the platform (product provider).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks for your reply dunstonh, I feel much more comfortable now.
I guess I was only surprised by 20% Property because I hadn't really thought about it before.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards