Sei Invts Co Stock Price, News & Analysis

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.

SEI (NASDAQ: SEIC) announced the appointment of Jonathan Brassington to its Board of Directors as of April 20, 2022. Brassington, the Executive Vice President and Digital Customer Experience Leader at Capgemini in North America, will also serve on the Audit, Compensation, and Nominating Committees. His background includes leadership roles focused on digital transformation, which SEI aims to leverage for growth in wealth management. SEI manages approximately $1.3 trillion in assets, and Brassington's expertise is expected to provide valuable insights into evolving market opportunities.

SEI Investments Company (NASDAQ: SEIC) will release its first-quarter 2022 earnings on April 20, 2022, after market close. A conference call to discuss the results is scheduled for 4:30 p.m. Eastern Time. Interested parties can listen live on the company's investor relations website. SEI manages approximately $1.3 trillion in assets as of December 31, 2021, providing technology and investment solutions to the financial services sector.

SEI (NASDAQ: SEIC) announced Ryan Hicke as its new CEO, effective June 1, 2022, succeeding Alfred P. West, Jr. who transitions to Executive Chairman after leading the company for over 50 years. Hicke, with 24 years at SEI, has held significant roles including Chief Information Officer. The executive team will report to him post-transition. West commended Hicke's experience in growth and innovation, while the board emphasized a collaborative succession planning process. SEI manages approximately $1.3 trillion in assets, focusing on technology and investment solutions for the financial services sector.