Products February 14, 2017

SEI Adopts Multi-Asset Software Platform

Milestone Group’s pControl will initially administer the automated allocation of daily cash flows and rebalancing of complex portfolios for SEI’s Institutional Group.
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SEI has selected Milestone Group’s pControl multi-asset software platform to support the growth of its outsourced chief investment officer (OCIO) business.

pControl will initially administer the automated allocation of daily cash flows and rebalancing of complex portfolios for SEI’s Institutional Group. This will ensure the scalable implementation and delivery of SEI’s most sophisticated solutions. The solution helps OCIOs by leveraging the globally proven pControl multi-asset investment platform and has capabilities spanning front, middle and back office functions.

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“As one of the largest OCIOs, SEI is always looking for ways to improve how we deliver services to our clients. We reviewed a number of options, but pControl stood out as the solution that best supports our business and the complex multi-asset structures that we manage,” says Kevin Matthews, vice president and managing director, Solutions Team, SEI Institutional Group. “pControl brings flexibility, efficiency and scalability to this operation, allowing SEI to focus on client delivery, and developing sophisticated products and strategies and getting them to market quickly.”
Break from the Grind February 14, 2017

Who Loves Their Jobs?

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A survey by Adecco Staffing found the majority of respondents (65%) claim to love their jobs.

However, there were some differences among genders and generations. Seventy-one percent of women said they love their job, compared to 59% of their male counterparts. Twenty-three percent of men claim they do not love their jobs, compared to only 14% of women. Maybe the answer to this conundrum lies in this next finding: 22% of women find their jobs emotionally fulfilling, while only 14% of their male counterparts said the same.

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Those who claim to love their jobs most often are Gen Xers (72%). Millennials are the most likely (at 32%) to say that they do not love their jobs.

Aside from paying their bills, the highest proportion of respondents (at 28%) work to give their kids a better life, and, 23% work to afford doing things they love—traveling, dining out, and pursuing hobbies. Respondents’ reason for working shifted depending on their age. Generation X is more likely work to provide a better life for their kids (41%). Millennials’ biggest motivator for work is being able to afford activities they love (29%).

Another survey from Robert Half and Happiness works finds that for many professionals, that first year in a new job can be a “honeymoon period,” full of new and exciting challenges. But, the study shows professionals with between one and two years on the job are less happy, less interested in their work and more stressed than those still in their first year. After three years or more on the job, happiness levels edge back up and interest levels increase. Those with the greatest tenure (21 years or more) showed the highest level of interest in their jobs.

“Once they get past year one, the honeymoon appears to be over for many professionals,” says Paul McDonald, senior executive director of Robert Half. “After 12 months on the job, employees are expected to work more autonomously and take on added responsibility. At the same time, aspects of the job that at first seemed novel and interesting may lose their luster.”

When asked who’s responsible for keeping spirits high on the job, 25% of workers surveyed said it was their responsibility alone. Another 5% said it was all in their company’s hands. The majority of respondents (70%) cited a combination of the two.

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