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 launched the SEI Strategies featuring Dimensional, a suite of model portfolios using ETFs from Dimensional Fund Advisors. This initiative aims to enhance investment flexibility for independent advisors and registered investment advisors (RIAs) via the SEI Wealth Platform. The six model portfolios address various investment goals and risk levels, integrating SEI's asset allocation with Dimensional's ETFs. The partnership focuses on meeting growing investor demands for personalized wealth management.
SEI (NASDAQ: SEIC) has announced its commitment to accelerate growth in the registered investment advisor (RIA) market, supported by a comprehensive range of services and solutions. SEI has appointed Gabriel Garcia as the Head of RIA Client Experience to drive strategy. With over $29 billion in RIA assets under custody, SEI emphasizes integrated technology and custody solutions, open-architecture investment platforms, and business consulting services. The company's focus is on providing personalized support to RIAs, enhancing their ability to grow and adapt in a changing financial landscape.
SEI (NASDAQ: SEIC) has appointed Sanjay Sharma as the leader of its Private Banking business segment, effective immediately. With over 25 years of experience in financial services, Sharma's focus will be on driving growth via technology, operational, and investment solutions for wealth management organizations in the U.S. and U.K. Previously, he served as Chief Technology Officer at SEI, where he oversaw IT strategy and platform delivery. CEO Ryan Hicke emphasized that Sharma's expertise aligns with SEI's commitment to leveraging technology for business growth.
SEI (NASDAQ:SEIC) announced a new strategy to enhance talent attraction and development, launching a voluntary separation program for long-tenured employees. This program aims to provide professional development opportunities and increase advancement for existing and new talent. Eligible employees in the U.S. can choose to participate until early July 2022, with departures expected before year-end. The financial impact of this program will be reflected in the third-quarter results. CEO Ryan Hicke emphasized the need for this change to foster growth and diverse perspectives within the company.
Vontobel has partnered with SEI Trust Company to launch a suite of Collective Investment Trusts, enhancing investor access to reliable retirement solutions. This initiative features four strategies: Vontobel International Equity Trust, Vontobel Global Equity Trust, Vontobel Emerging Markets Equity Trust, and Vontobel US Equity Trust. The Quality Growth Boutique at Vontobel aims for absolute returns and risk mitigation through stable growth investments. The low-cost CIT structure is expected to improve investment outcomes for retirement participants, aligning with growing demand for such vehicles.
The Board of Directors of SEI Investments Company (NASDAQ: SEIC) announced a semi-annual dividend of $0.40 per share on June 1, 2022, payable to shareholders of record on June 13, 2022, with a payment date of June 22, 2022. Additionally, the company increased its stock repurchase program by $200 million, bringing the total authorization to approximately $264 million. As of March 31, 2022, SEI manages about $1.3 trillion in assets.
SEI (NASDAQ: SEIC) announced the launch of its first ETF suite on May 18, 2022, featuring four factor-based large-cap strategies designed for goals-based wealth management. The ETFs include:
- SEI Enhanced U.S. Large Cap Quality Factor ETF
- SEI Enhanced U.S. Large Cap Momentum Factor ETF
- SEI Enhanced U.S. Large Cap Value Factor ETF
- SEI Enhanced Low Volatility U.S. Large Cap ETF
These actively managed funds aim for long-term capital appreciation with a 15 bps management fee. As of March 31, 2022, SEI managed approximately $1.3 trillion in assets.
SEI (NASDAQ: SEIC) has launched 12 new tax-sensitive investment strategies featuring Capital Group ETFs and American Funds, aimed at enhancing wealth management for independent advisors. These hybrid portfolios aim to maximize tax efficiency in equity and fixed income allocations while providing customization options within the SEI Wealth Platform. J. Womack emphasized the need for personalization in investment portfolios, while Holly Framsted highlighted the strategic flexibility these solutions offer to investors. SEI manages approximately $1.3 trillion in assets as of March 31, 2022.
SEI (NASDAQ: SEIC) announced its collective investment trust (CIT) business has surpassed $200 billion in net assets as of April 1, 2022, representing a 117% increase year-over-year. The firm manages 570 funds across 167 global asset managers. The growth is attributed to a new partnership with Allspring Global Investments, enhancing SEI's trustee services.
As demand for personalized retirement solutions rises, CITs offer flexibility and quick implementation, making them popular in the defined contribution market.
SEI Investments Company (NASDAQ:SEIC) reported first-quarter 2022 earnings with diluted EPS of $1.36, up 53% from $0.89 in Q1 2021, boosted by a one-time revenue event of $88 million. Revenues rose 28% to $581 million, driven by strong asset management fees despite adverse market conditions. Net income increased 47% to $190 million. Average assets under administration grew 9% to $893 billion. Operational expenses climbed 14% amid business growth. The company plans to use new technology investments for sustained growth.
FAQ
What is the current stock price of SEI Investments Co (SEIC)?
What is the market cap of SEI Investments Co (SEIC)?
What services does SEI Investments Company provide?
What are the main business segments of SEI Investments?
How much in assets does SEI Investments manage?
What recent financial performance has SEI Investments reported?
Who are SEI's clients?
What strategic investments has SEI made recently?
What is SEI Sphere?
What was SEI's financial performance in the first quarter of 2024?
Where is SEI Investments headquartered?
Where can I find more information about SEI Investments?
