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SEI Investments Co - SEIC STOCK NEWS

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.

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SEI (NASDAQ: SEIC) announced a redesigned user interface (UI) for its Archway Platform℠ on December 14, 2020. The update enhances front-end technology, enabling large-scale innovations and improved user engagement. Key features include a refreshed appearance, branding options, streamlined settings, simplified navigation, and enhanced mobile reporting. The Archway Platform is recognized for its capabilities in family office services, managing $400 billion in assets. The enhancements aim to provide a modern experience while maintaining familiarity, benefiting clients and their end-users.

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On Dec. 8, 2020, SEI Investments Company (NASDAQ: SEIC) declared a semi-annual dividend of $0.37 per share. The dividend will be payable to shareholders on record as of Dec. 21, 2020, with a payment date set for Jan. 7, 2021. As of Sept. 30, 2020, SEI managed approximately $1 trillion in assets, including $330 billion in assets under management and $755 billion in client assets under administration. This highlights SEI's strong position in the investment management sector.

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On November 18, 2020, SEI (NASDAQ:SEIC) announced that U.S. Bank will implement the SEI Wealth Platform (SWP) for its Wealth Management and Investment Services. This integration aims to modernize U.S. Bank's operations, replacing the legacy TRUST 3000 platform. SEI has a long-standing relationship with U.S. Bank, enhancing efficiency and client services globally. The SEI Wealth Platform facilitates operations across 137 stock exchanges and supports numerous currencies, further solidifying SEI's role in the wealth management sector.

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SEI (NASDAQ:SEIC) has appointed Dr. Alison Vincent as an independent non-executive director of its U.K. subsidiary, SEI Investments (Europe) Limited. With over 30 years of experience in technology and financial services, Alison previously held significant roles at major companies like Cisco and HSBC. She will also contribute to various committees, enhancing the board's expertise in technology, cybersecurity, and software engineering. Her appointment is expected to strengthen SEI's leadership as the company continues to innovate in asset management and processing solutions.

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SEI (NASDAQ: SEIC) has announced enhancements to its Archway Platform through a partnership with Canoe Intelligence. This collaboration aims to automate workflows for alternative investment data collection, improving efficiency for family offices and financial institutions. The integration will allow clients to streamline data aggregation for private equity and hedge funds. SEI Family Office Services manages $400 billion in assets on the platform, supporting ultra-high-net-worth families with advanced technological solutions.

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SEI Investments Company (NASDAQ: SEIC) reported third-quarter 2020 financial results, with diluted earnings per share at $0.75, down from $0.86 a year prior, reflecting a 13% decrease. Revenues increased by 2% to $424.9 million, while net income fell 16% to $111.1 million. The Board approved a $250 million stock repurchase program, raising total authorization to approximately $292 million. Selling events in Q3 were approximately $27.9 million, expected to yield annualized recurring revenues of around $14.6 million. Average assets under administration rose 13% to $738.8 billion.

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SEI Investments Company (NASDAQ: SEIC) is set to announce its third-quarter 2020 earnings on Wednesday, Oct. 21, 2020, after market close. A conference call to discuss financial results will commence at 4:30 p.m. ET. Interested parties can listen to the call via the company's website, with replays available afterward.

As of June 30, 2020, SEI manages approximately $1 trillion in assets across various investment vehicles, including $318 billion in assets under management.

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SEI (NASDAQ: SEIC) announced the successful migration of U.K. wealth manager Connor Broadley to its SEI Wealth Platform, completing the process on schedule amidst remote work challenges due to COVID-19. The implementation began in December 2019, enabling Connor Broadley to utilize SEI's portfolio management solutions aimed at enhancing client experience. SEI also reported migrating over £6.1 billion of assets and 32,920 accounts for U.K. clients in the first half of 2020. This partnership is expected to support both firms' long-term growth objectives.

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On October 6, 2020, SEI (NASDAQ: SEIC) announced a new 'Estimated Taxes Saved' report aimed at independent financial advisors. This automated report helps advisors assess tax savings from SEI's Tax-Managed ETF Strategy and portfolio management. It provides insights into account gains, losses, and transactions impacting tax savings, and can be generated for various timeframes. The introduction of this report aims to strengthen advisor-client relationships by facilitating informed discussions regarding tax efficiency, especially during market volatility.

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SEI (NASDAQ: SEIC) announced the successful transition of Dorsey & Whitney Trust Company and Hills Bank and Trust Company to the SEI Wealth Platform (SWP), replacing its legacy platform, TRUST 3000. The transition was executed remotely on schedule, demonstrating SEI's commitment to maintaining operations during challenging times. The SWP offers integrated technology solutions for wealth management, enhancing efficiency and client services. As of Q2 2020, SEI has 53 signed global clients for SWP, with 45 already installed.

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FAQ

What is the current stock price of SEI Investments Co (SEIC)?

The current stock price of SEI Investments Co (SEIC) is $81.92 as of December 2, 2024.

What is the market cap of SEI Investments Co (SEIC)?

The market cap of SEI Investments Co (SEIC) is approximately 10.6B.

What services does SEI Investments Company provide?

SEI Investments offers investment processing, management, and operations solutions to corporations, financial institutions, advisors, and ultra-high-net-worth families.

What are the main business segments of SEI Investments?

SEI operates through four main segments: private banks, investment advisors, institutional investors, and investment managers.

How much in assets does SEI Investments manage?

As of December 2023, SEI manages, advises, or administers approximately $1.4 trillion in assets, including those managed by LSV Asset Management.

What recent financial performance has SEI Investments reported?

For the third quarter of 2023, SEI reported diluted earnings per share of $0.87, reflecting positive sales activity and strong profitability.

Who are SEI's clients?

SEI's clients include corporations, financial institutions, financial advisors, and ultra-high-net-worth families.

What strategic investments has SEI made recently?

In February 2024, SEI invested $10 million in TIFIN, an AI innovation platform in wealth management, to enhance personalized client experiences and support growth.

What is SEI Sphere?

SEI Sphere is a comprehensive cybersecurity and IT solution service provided by SEI to protect and optimize enterprise technology and data.

What was SEI's financial performance in the first quarter of 2024?

SEI reported diluted earnings per share of $0.99 for the first quarter of 2024, reflecting continued momentum and strategic focus on growth.

Where is SEI Investments headquartered?

SEI Investments is headquartered in Oaks, Pennsylvania.

Where can I find more information about SEI Investments?

More information about SEI Investments can be found on their official website at seic.com.

SEI Investments Co

Nasdaq:SEIC

SEIC Rankings

SEIC Stock Data

10.58B
98.05M
23.94%
73.07%
1.25%
Asset Management
Security Brokers, Dealers & Flotation Companies
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United States of America
OAKS