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SEI offers advisors errors and omissions coverage

FWR Staff September 17, 2007

SEI offers advisors errors and omissions coverage

Investment-platform provider teams with Aon division to help insure clients. SEI has made errors and omissions insurance available to the 6,500 or so advisors who use its Advisor Network investment and practice-management platforms through Aon's Affinity Insurance Services.

Malpractice

"Not only can [errors and omissions] insurance help protect advisor firms from potentially devastating financial burdens, it can also provide their clients a better level of comfort, knowing that their advisor has sufficient coverage," says Kevin Barr, senior managing director at SEI Advisor Network. "After extensive due diligence, it was clear that partnering with Affinity was the right choice for our advisors."

SEI Advisor Network's advisors can buy liability coverage from Affinity that's tailored to financial advisors and investment professionals. The program includes customer support, marketing and claims administration from Affinity. -FWR

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