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.
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.
SEI (NASDAQ: SEIC) has announced the immediate departure of Steve Meyer, Executive Vice President and Head of Global Wealth Management Services. This change is not related to the company's strategy or financial results. The Global Wealth Management Services team will be led by seasoned executives: Albert Chiaradonna, Sandy Ewing, Phil McCabe, and Brett Williams, all of whom possess extensive experience in their respective fields. SEI manages approximately $1.3 trillion in assets as of September 30, 2021, and remains focused on delivering comprehensive solutions for clients.
SEI Investments Company (NASDAQ: SEIC) announced a semi-annual dividend of $0.40 per share, payable to shareholders of record on Dec. 21, 2021, with a payment date of Jan. 7, 2022. Furthermore, the Board approved an increase in its stock repurchase program by an additional $200 million, raising the total authorization to approximately $261 million. As of Sept. 30, 2021, SEI manages around $1.3 trillion in assets, showcasing its significant role in the financial services industry.
SEI (NASDAQ:SEIC) announced significant upgrades to its Archway Platform, adding 20 new clients and $125 billion in assets since early 2021. This platform supports family offices and financial institutions, enhancing efficiency with automated accounting workflows and improved data collection features. The upgrade addresses the growing complexities of managing generational wealth and aims to provide clients with better financial reporting tools. As of September 30, 2021, SEI Family Office Services managed $540 billion in assets on the platform, affirming its strong market position.
SEI (NASDAQ:SEIC) has launched a new corporate brand to enhance its service offerings in the evolving financial services landscape. Chairman and CEO Alfred P. West Jr. emphasized the importance of adaptability and collaboration in navigating industry changes. The rebranding reflects SEI's commitment to build 'brave futures' by connecting clients with critical resources and solutions. As of September 30, 2021, SEI manages approximately $1.3 trillion in assets, showcasing its robust position in the market.
SEI (NASDAQ:SEIC) announced its acquisition of Novus Partners, a global portfolio intelligence platform, aiming to enhance its offerings for institutional investors and investment managers. This strategic move addresses the evolving financial services landscape by integrating Novus' data management and analytics capabilities into SEI's Enhanced CIO Platform. With Novus serving over 140 clients managing $4 trillion in assets, SEI expects to provide a comprehensive front-to-back-office solution. The acquisition involves Novus' operations in four global locations and 49 employees joining SEI.
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