SEI Investments and Janney Montgomery Scott, a unit of Penn Mutual Life Insurance, on Monday expanded their current relationship, under which SEI will provide Janney with access to investment analysis of equity and fixed-income portfolio managers, according to Kevin Barr, head of the investment management unit at SEI.

"Janney and other firms are looking to give their registered investment advisers and clients more choices. And SEI's Manager Research solution provides them the tools and strategic partnership to help drive their businesses while retaining control over the final decision of manager selection," he said.

The Manager Research solution will be available for separate account clients at Janney, and includes manager due diligence and evaluation, identifying skillful managers from those providing inexpensive market exposure or indexers in disguise. SEI's research universe includes equity, fixed-income, multi-asset, commodities, currencies, and alternatives.

Janney is an independently-operated subsidiary of the Penn Mutual Life Insurance, while SEI, based in Oaks, is a publicly-traded asset management that manages, advises, or administers $861 billion in hedge, private equity, mutual fund, and pooled or separately managed assets, including $337 billion in assets under management and $518 billion in client assets under administration.