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SEI Investments Company reports developments across financial technology, operations and asset management services for the financial services industry. News about SEIC commonly covers quarterly results, client outsourcing demand, wealth-management infrastructure, fund administration, asset management activity and professional services.
Recurring company updates include new client selections for the SEI Wealth Platform, expansion of SEI Access for alternative investments, digital onboarding for collective investment trusts, private-market and retirement-channel partnerships, and enterprise automation initiatives. SEI also issues investor conference updates and earnings-call materials tied to its operating performance and service platforms.
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On December 5, 2022, SEI Investments Company (NASDAQ: SEIC) announced a regular semi-annual dividend of $0.43 per share. This cash dividend is payable to shareholders of record on December 19, 2022, with a payment date set for January 5, 2023. As of September 30, 2022, SEI manages approximately $1.2 trillion in assets, providing technology and investment solutions across the financial services industry.
SEI (NASDAQ: SEIC) has enhanced its SEI Wealth Platform by introducing unified managed household (UMH) capabilities in partnership with LifeYield. This upgrade allows wealth managers to implement a single investment model across multiple accounts within a household, thus improving portfolio management. The collaboration focuses on optimizing asset placement for better after-tax returns, catering to the growing complexity of investors' portfolios amidst economic uncertainties. SEI manages approximately $1.2 trillion in assets as of Sept. 30, 2022.
SEI Investments Company (NASDAQ: SEIC) will host a live webcast for its Investor Conference on November 15, 2022, from 8:30 AM to 12:30 PM Eastern time. The conference will feature presentations from SEI's leadership, focusing on the company's markets and growth strategies. The public can view the event via the official link, with a replay available post-conference. As of September 30, 2022, SEI manages approximately $1.2 trillion in assets, providing tech and investment solutions across the financial services industry.
SEI Investments Company (NASDAQ: SEIC) reported third-quarter 2022 results with diluted earnings per share of $0.45, down 54% from $0.97 in the prior year. Revenues fell 3% to $471.3 million, affected by lower capital market performance and a $57 million cost from a voluntary separation program. Net income declined 55% to $61.7 million. Despite challenges, management noted strong sales activity and an 8% revenue increase for the nine months ended September 30, 2022, compared to the same period in 2021. Cash flow from operations stood at $97.9 million.
SEI (NASDAQ: SEIC) will announce its third-quarter 2022 earnings on October 26, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern Time. The public can listen to the call via their website, with replays available shortly after. SEI manages approximately $1.3 trillion in assets, providing technology and investment solutions across the financial services sector. This announcement may influence investor expectations leading up to the earnings release.
SEI (NASDAQ: SEIC) announced on Oct. 11, 2022, a restructuring of its asset management businesses under Executive VP Wayne Withrow to enhance market alignment and accelerate growth. This realignment aims to strengthen client relationships and capitalize on market opportunities. Withrow will oversee multiple business units, including the Advisor and Institutional businesses. CEO Ryan Hicke emphasized that this strategic focus leverages SEI's competitive advantages and positions the company to meet evolving industry demands while managing approximately $1.3 trillion in assets as of June 30, 2022.
Easterly Asset Management has launched three new collective investment trusts (CITs) to meet rising client demand in the institutional retirement market. The CITs include the Easterly Small Cap Value CIT, Easterly Small-Mid Cap Value CIT, and Easterly EAB Hedged Equity CIT, all managed using proven value strategies. SEI Trust Company will act as the trustee for these investment vehicles, which aim to provide unique solutions for retirement plans. As of June 2022, Easterly managed $3.2 billion in assets, while SEI managed approximately $1.3 trillion.
SEI (NASDAQ:SEIC) has announced the launch of SEI Data Cloud, in partnership with Snowflake, to meet the growing demand for advanced data integration in the financial services sector. This scalable, cloud-based platform offers features like real-time data access, business alerts, and Analytics-as-a-Service. Initially, it will enhance the SEI Wealth Platform for clients, with two early adopters already on board. This initiative underscores SEI's commitment to delivering innovative solutions that drive revenue growth and support clients' data needs.
On August 17, 2022, SEI (NASDAQ: SEIC) appointed Sandy Ewing as Executive Vice President to lead its Family Office and Regulatory Services. Ewing, a 27-year veteran at SEI, will work on growth strategies across existing and new markets. SEI's Family Office Services provides technology and outsourced solutions for family offices and alternative asset managers, while Regulatory Services aids investment managers with compliance needs. Ewing's extensive experience will be pivotal in addressing the evolving financial services landscape, enhancing SEI's growth trajectory.