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SEI Investments Co. - SEIC STOCK NEWS

Welcome to our dedicated news page for SEI Investments Co. (Ticker: SEIC), a resource for investors and traders seeking the latest updates and insights on SEI Investments Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SEI Investments Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SEI Investments Co.'s position in the market.

Rhea-AI Summary
SEI (NASDAQ: SEIC) will announce its first-quarter 2024 earnings on April 24, 2024, after the market closes. A conference call to discuss the financial results will be held at 4:30 p.m. Eastern time. The public can listen to the call at www.seic.com/ir-events.
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SEI announces enhancements to its Managed Account Solutions program, including new investment options, cost reductions, and tax optimization technology. The company aims to better serve investors with SMAs and UMAs, offering diversified expertise, portfolio management, tax efficiency, and technology updates.
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SEI will provide managed security services for IXS Holdings, a multi-national manufacturer, through SEI Sphere. This partnership aims to enhance cybersecurity and network operations across 35 branch plants in the U.S. and Canada, supporting operational outcomes and growth.
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SEI announces enhanced technology for wealth managers to view and manage assets custodied with third parties, providing greater transparency and tailored advice based on a complete financial picture.
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SEI announced Cullen Capital Management's selection of the Advisors' Inner Circle Fund as the operational platform for their first active ETF, aiming to offer higher income potential. Active ETF assets grew from $350.4 billion in 2022 to $532.9 billion in 2023, attracting asset managers like Cullen Capital. DIVP integrates dividends and covered call options for income generation and market participation.
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SEI (NASDAQ:SEIC) announces a $10 million strategic investment in TIFIN, a leading AI innovation platform in wealth management. The partnership aims to accelerate AI adoption, enhance client experiences, and drive industry growth through rapid exploration, market innovation, and talent development.
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Pictet Asset Management (Pictet AM) has launched four collective investment trusts (CITs) for the US institutional retirement market, partnering with SEI Trust Company. The new suite includes Pictet Clean Energy Transition CIT, Pictet Emerging Markets Debt Blend CIT, Pictet Emerging Markets Debt Local Currency CIT, and Pictet Emerging Markets Hard Currency Debt CIT, offering a range of investment strategies in clean energy, emerging markets debt, and hard currency debt. The move aims to provide US institutions access to proven Pictet Asset Management strategies that were previously only available to the largest institutions via mandates.
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SEI Trust Company will serve as trustee for four collective investment trusts (CITs) established by Pictet Asset Management in the U.S. institutional retirement market. Pictet Asset Management is one of Europe's leading active asset management brands, managing USD $237 billion in distinctive strategies globally. Asset managers like Pictet Asset Management are utilizing CITs to attract new capital and increase their distribution efforts in the U.S. retirement market. The announcement reflects SEI's commitment to supporting global investment managers, retirement plans, consultants, and advisors through its turnkey operational platform. The partnership with Pictet Asset Management aims to reinforce their commitment to the U.S. institutional market and drive future growth.
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SEI (NASDAQ:SEIC) has announced the appointment of Sean Denham as Executive Vice President and Chief Financial Officer, effective March 18, 2024. Denham brings extensive experience from advising C-suite executives at Fortune 500 corporations and has served in various leadership roles at Grant Thornton. His appointment follows the resignation of current CFO Dennis McGonigle, who has been with SEI for nearly 40 years. Denham's responsibilities will include leading finance and accounting, corporate controllership, business management, enterprise risk management, and investor relations functions, as well as administering the internal audit function. CEO Ryan Hicke expressed confidence in Denham's ability to drive growth and delivery for clients, with Denham's influence expected to be a catalyst for future growth.
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SEI Investments Company (NASDAQ:SEIC) reported a 10% increase in diluted earnings per share for the fourth quarter of 2023 compared to the same period in 2022. Revenues for the quarter were $484,858, reflecting a 6% increase year over year. The company's net income also saw an 8% increase, reaching $120,731. However, the full-year results showed a 4% decrease in revenues and a 3% decrease in net income. The CEO expressed confidence in the company's future growth, particularly in technology, investment processing, and operations segments. The report also detailed the performance of different business segments, highlighting both positive and negative trends. Overall, the company is positioned to capitalize on market trends and deliver sustainable growth for stakeholders.
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SEI Investments Co.

Nasdaq:SEIC

SEIC Rankings

SEIC Stock Data

8.86B
108.99M
17.39%
72.92%
1.66%
Investment Banking and Securities Dealing
Finance and Insurance
Link
US
Oaks

About SEIC

sei (nasdaq:seic) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. for more information, visit seic.com.