SEI Expands Security-Backed Lending Offering with Nationwide Smart Credit, Powered by Supernova Technology

Strategic Partnership Positions Advisors to Continue to Deliver Holistic Wealth Planning

SEI announced a strategic partnership with Supernova Technology (Supernova), adding Nationwide Smart Credit to the nearly 50 technology integrations and strategic partnerships available to independent advisors through the SEI Wealth Platform.

Nationwide Smart Credit is a fully digital, end-to-end security-backed lending solution that empowers advisors to help clients use their non-retirement portfolios to access liquidity without disrupting their investment strategy. Using Supernova’s innovative technology, Nationwide Smart Credit allows advisors to more flexibly manage both sides of their clients’ balance sheets to meet their evolving needs. Key features include:

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• Rapid speed to loan – Enables processing of loan requests in just hours or days¹
• High advance rate – Allows potentially higher lending values than traditional solutions for equities, bonds, c***, and other securities
• Lower interest rates – Uses a Secured Overnight Financing Rate (SOFR)-based spread to maintain competitive interest rates
• Lower minimum line amounts – Reduces minimums required to setup a line, allowing advisors the ability to serve a wider client base
• End-to-end technology – Utilizes a fully-automated, easily accessible process from origination through the life of the loan, including a self-service client portal

Erich Holland, Executive Managing Director of Client Engagement for SEI’s advisor business, said:

“Immediacy, accessibility, and personalized solutions are the bedrock of an independent advisor’s value proposition. We are excited to partner with Supernova to expand our existing securities-backed lending solution so advisors can more effectively and efficiently manage client liabilities. This strategic partnership reinforces our continued effort to enhance SEI’s total suite of solutions that go beyond traditional asset management with the tools and technologies that connect advisors to building brave futures^SM for their clients.”

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Debra Griffin, Vice President of Nationwide Financial Securities Backed Lending at Nationwide, said:

“We are thrilled to offer SEI’s clients our cloud-based, securities-backed lending solution. By expediting speed to loan and offering a deeply transparent and collaborative process, our solution positions advisors to grow their businesses and better serve their clients over the long term.”

Tao Hung, CEO of Supernova Technology™, said:

“Now, more than ever, financial advisors require streamlined, collaborative, and technology-powered solutions that enable them to more effectively support their clients. We are excited to partner with SEI and Nationwide to elevate the securities-based lending experience for advisors and their clients through our end-to-end, cloud-based technology platform.”

¹Applies to single, joint, and revocable trusts. More complex irrevocable trusts and business accounts can take several weeks to originate.

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