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) has announced that it will release its second-quarter 2024 earnings on Wednesday, July 24, 2024, after the market closes. The company will hold a conference call to discuss the financial results at 4:30 p.m. Eastern time. The public is invited to listen to the call via the company's website at www.seic.com/ir-events. Replays of the call will be available shortly after, accessible through both domestic and international phone numbers with an access code.
SEI (NASDAQ:SEIC) has launched GrowthLink, a practice management hub tailored for Canada-based advisors. GrowthLink aims to provide actionable tools and resources to help advisors achieve business growth, focusing on key themes such as achieving business goals, gaining referrals, and finding ideal clients. Designed as an on-demand platform, GrowthLink will allow advisors to implement these tools into their practices efficiently. Shauna Mace, Head of Practice Management, emphasized that GrowthLink aims to help advisors deliver personalized client experiences and scale their businesses globally.
On May 29, 2024, the Board of Directors of SEI Investments Company (NASDAQ: SEIC) declared a semi-annual cash dividend of $0.46 per share.
This dividend will be payable to shareholders who are on record as of June 10, 2024, with the payment date set for June 18, 2024.
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