Welcome to our dedicated page for SEI Investments Co news (Ticker: SEIC), a resource for investors and traders seeking the latest updates and insights on SEI Investments Co stock.
SEI Investments Company (NASDAQ: SEIC) is a prominent global provider of investment processing, management, and operations solutions. The company extends its services to corporations, financial institutions, advisors, and ultra-high-net-worth families, helping them to build and manage wealth effectively. With a focus on delivering technology and investment solutions, SEI aims to connect and optimize the financial services industry.
SEI operates through four key business segments: private banks, investment advisors, institutional investors, and investment managers. Additionally, SEI holds a minority interest in LSV Asset Management, which manages around $99 billion in assets. As of December 2023, SEI, including LSV, oversees approximately $1.4 trillion in assets. SEI's offerings include investment processing, management, and operations services designed to enhance efficiency and drive growth for its clients.
In recent developments, SEI announced its third-quarter 2023 earnings on October 25, 2023, showing strong financial performance with diluted earnings per share reaching $0.87, reflecting positive sales activity and sound expense management. The company remains focused on strategic growth and managing expenses diligently across its operations.
SEI's innovative approach includes partnerships to enhance its capabilities. For instance, in February 2024, SEI announced a strategic investment of $10 million in TIFIN, an AI innovation platform in wealth management. This collaboration aims to leverage SEI's scale and technology to drive personalized client experiences and business growth.
Moreover, SEI has expanded its services in the cybersecurity realm through SEI Sphere®, providing comprehensive cybersecurity and IT solutions. In March 2024, SEI Sphere was selected to manage IXS Holdings, Inc.'s cybersecurity and network operations to enhance operational efficiency and security.
SEI continues to demonstrate resilience and strategic focus, with its first-quarter 2024 financial results showing diluted earnings per share of $0.99. The company's strong financial position and broad capabilities enable it to deliver long-term value for clients and shareholders.
For more information, visit seic.com.
SEI (NASDAQ:SEIC) announced the launch of Ledger, a new feature for its SEI Novus portfolio intelligence tool. This functionality enables institutional investors to access, update, and reconcile comprehensive raw data, enhancing data accuracy and control over their assets. Key features include streamlined connectivity, an intuitive workflow, and portfolio transparency. Ledger also supports SEI's Enhanced CIO platform, allowing for outsourced shadow accounting. This innovation aims to provide clients with timely, reliable information for informed investment decisions.
SEI (NASDAQ:SEIC) announced that Republic Bank has chosen SEI Sphere for managing its cybersecurity operations. SEI Sphere offers cloud-based cybersecurity solutions aimed at enhancing enterprise technology protection. Republic Bank, based in Philadelphia with over $5 billion in assets, aims to expand its market presence in Pennsylvania, New Jersey, and New York using these services. The partnership is expected to streamline vendor management and improve risk detection and remediation as cyber threats evolve.
SEI (NASDAQ: SEIC) and the Association of Governing Boards of Universities and Colleges (AGB) revealed new research on the investment landscape of college-affiliated foundations, unveiled at AGB's Foundation Leadership Forum. Key findings include that 51% of foundations with $100 million or less in assets operate on budgets of $1 million or less. Additionally, 64% of foundations aim for investment returns between 7.0% and 8.25% in 2022, with 38% expecting inflation to rise over 2%. Over half utilize outsourced chief investment officers, highlighting a trend towards professional investment management.
SEI (NASDAQ: SEIC) announced a strategic partnership with Supernova Technology™ to integrate Nationwide Smart CreditSM into the SEI Wealth PlatformSM. This digital lending solution allows advisors to help clients access liquidity from non-retirement portfolios without disrupting investment strategies. Key features include rapid loan processing, high advance rates, lower interest rates, and reduced minimum line amounts. The partnership aims to enhance SEI's suite of solutions for independent advisors, emphasizing immediacy and personalized services.
On January 31, 2022, SEI (NASDAQ: SEIC) announced a partnership with Maybank Group to provide investment services to Malaysian clients. The collaboration features SEI's manager selection platform and asset allocation strategies. As part of this initiative, Maybank launched the MAMG Liquid Alternative Fund, a private label feeder fund that aims to replicate the performance of the SEI Liquid Alternative Fund, traditionally available to accredited investors. This fund offers reduced fees and daily liquidity, enhancing investment opportunities for Malaysian investors.
SEI (NASDAQ: SEIC) announced a significant milestone, surpassing $100 billion in assets managed by independent advisors via the SEI Wealth Platform. This achievement reflects the company's commitment to enhancing its services through advanced technology and investment solutions. Initiatives in 2021 included the acquisition of Oranj, the launch of Digital Account Open, and the release of Digital Model Management. SEI also introduced new investment strategies, including SEI Systematic Core Strategies and SEI Domestic ETF Strategies, to improve investment flexibility for advisors.
SEI Investments Company (NASDAQ: SEIC) reported a strong financial performance for Q4 2021, achieving diluted earnings per share of $1.03, up 20% from $0.86 in Q4 2020. Total revenues rose to $501.65 million, a 13% increase year-over-year. The company's net income increased by 15% to $145.3 million. For the full year 2021, SEI reported revenues of $1.92 billion and net income of $546.6 million, both reflecting year-over-year growth.
Strategic acquisitions and a focus on R&D continue to drive SEI's growth prospects, positioning the company for increased shareholder value.
SEI Investments Company (NASDAQ: SEIC) will announce its earnings for Q4 2021 on January 26, 2022, after market close. A conference call discussing these results is scheduled for 4:30 p.m. Eastern time. Investors can participate via the company’s website, where replays of the call will also be available. As of September 30, 2021, SEI managed approximately $1.3 trillion in assets, delivering technology and investment solutions within the financial services sector.
SEI (NASDAQ:SEIC) launched two major technology enhancements—Digital Account Open and Digital Model Management—aimed at independent advisors using the SEI Wealth Platform. The Digital Account Open tool streamlines the onboarding process, allowing for fully digital account openings with features such as error detection and a cohesive dashboard. Meanwhile, Digital Model Management enhances portfolio management capabilities, enabling advisors to customize client portfolios seamlessly. SEI continues to advance its cloud transformation, improving how advisors deliver personalized wealth management services.
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