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People love to hate target-date funds. They're "one size fits none." They only feature the house brand of funds. They can be expensive. And on and on. Whenever I see those critiques, my first response is to assess motive. Oftentimes, target-date critics are selling some type of investment advice themselves; they may not admit it, but they view target-date funds as competition. My second thought when I see target-date funds coming in for criticism is to wonder: Are you seeing what I'm seeing? Because from where I sit, target-date funds have been nothing short of the biggest positive developmen...

SEI’s Collective Investment Trust Business Experiences Significant Growth PR Newswire OAKS, Pa., March 15, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC), a leading global provider of investment processing, investment management, and investment operations solutions, announced today that its collective investment trust (CIT) business has surpassed $100 billion in assets under administration   (AUA) as of Dec. 31, 2020, representing a 20.5% increase in the firm's AUA from a year ago. Through SEI Trust Company, SEI launched 39 funds across 11 global investment managers, adding over $17.3 bill...