Sei Invts Co Stock Price, News & Analysis

SEI (NASDAQ:SEIC) has been chosen by Saskatoon Community Foundation as its outsourced chief investment officer, managing approximately $81 million CAD in assets. This partnership enhances SEI's portfolio, adding to nearly $3.8 billion USD in new OCIO assets announced in the first half of 2021. SEI aims to deliver comprehensive investment management services, focusing on strategic oversight and partnership for the foundation's investment goals. With a strong presence in Canada since 1983, SEI supports over 440 global institutional investors, managing approximately $33 billion in assets.

SEI (NASDAQ: SEIC) announced its acquisition of Finomial, a firm specializing in investor lifecycle management and offering cloud-native financial technology. This acquisition aims to enhance SEI's automation, digitization, and reporting capabilities. Finomial brings valuable tools to augment SEI's existing platforms and is expected to streamline services such as anti-money laundering and know-your-client processes. The integration will involve 43 personnel from Finomial, who contribute expertise in cloud development. Finomial's clients manage approximately $500 billion in assets, benefiting from enhanced technology and expanded service opportunities.

SEI (NASDAQ:SEIC) has announced the acquisition of Atlas, Capita's defined contribution master trust, pending regulatory approval. This acquisition enhances SEI's competitive presence in the UK market, integrating Atlas's 110,000 members and approximately £2 billion in combined assets under management as of September 30, 2021. SEI aims to leverage Capita's pension administration expertise alongside its own investment solutions to improve member outcomes. Capita will continue providing administration services to ensure service continuity for members.

SEI Investments Company (NASDAQ:SEIC) reported a strong third-quarter 2021 with diluted earnings per share at $0.97, up 29% from $0.75 in Q3 2020. Revenues rose 14% to $485,322 thousand, driven by positive market conditions and increased assets under management, totaling $855.7 billion, a 16% increase year-over-year. Net income also surged 24% to $138,045 thousand. Strategic investments in solutions and workforce were highlighted as key growth drivers. A conference call to discuss earnings is scheduled for later today.

SEI Investments Company (NASDAQ: SEIC) will announce its third-quarter 2021 earnings on October 20, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern time on the same day. The public can listen to the call through the company's investor relations webpage, with replays available shortly afterward. As of June 30, 2021, SEI manages approximately $1.3 trillion in assets across various categories, including $399 billion in assets under management.

SEI (NASDAQ: SEIC) has rebranded its IT services division to SEI Sphere, enhancing its focus on comprehensive cybersecurity solutions for financial institutions. This initiative aims to address the growing cyber threats and operational challenges in a rapidly digitalizing financial landscape. SEI Sphere offers 24/7 protection, proprietary tools, and deep sector expertise. SEI continues to manage approximately $1.3 trillion in assets, further solidifying its position as a leading global provider in the financial services sector.