Sei Invts Co Stock Price, News & Analysis

SEI (NASDAQ: SEIC) has announced the immediate departure of Steve Meyer, Executive Vice President and Head of Global Wealth Management Services. This change is not related to the company's strategy or financial results. The Global Wealth Management Services team will be led by seasoned executives: Albert Chiaradonna, Sandy Ewing, Phil McCabe, and Brett Williams, all of whom possess extensive experience in their respective fields. SEI manages approximately $1.3 trillion in assets as of September 30, 2021, and remains focused on delivering comprehensive solutions for clients.

SEI Investments Company (NASDAQ: SEIC) announced a semi-annual dividend of $0.40 per share, payable to shareholders of record on Dec. 21, 2021, with a payment date of Jan. 7, 2022. Furthermore, the Board approved an increase in its stock repurchase program by an additional $200 million, raising the total authorization to approximately $261 million. As of Sept. 30, 2021, SEI manages around $1.3 trillion in assets, showcasing its significant role in the financial services industry.

SEI (NASDAQ:SEIC) announced significant upgrades to its Archway Platform, adding 20 new clients and $125 billion in assets since early 2021. This platform supports family offices and financial institutions, enhancing efficiency with automated accounting workflows and improved data collection features. The upgrade addresses the growing complexities of managing generational wealth and aims to provide clients with better financial reporting tools. As of September 30, 2021, SEI Family Office Services managed $540 billion in assets on the platform, affirming its strong market position.

SEI (NASDAQ:SEIC) has launched a new corporate brand to enhance its service offerings in the evolving financial services landscape. Chairman and CEO Alfred P. West Jr. emphasized the importance of adaptability and collaboration in navigating industry changes. The rebranding reflects SEI's commitment to build 'brave futures' by connecting clients with critical resources and solutions. As of September 30, 2021, SEI manages approximately $1.3 trillion in assets, showcasing its robust position in the market.

SEI (NASDAQ:SEIC) announced its acquisition of Novus Partners, a global portfolio intelligence platform, aiming to enhance its offerings for institutional investors and investment managers. This strategic move addresses the evolving financial services landscape by integrating Novus' data management and analytics capabilities into SEI's Enhanced CIO Platform. With Novus serving over 140 clients managing $4 trillion in assets, SEI expects to provide a comprehensive front-to-back-office solution. The acquisition involves Novus' operations in four global locations and 49 employees joining SEI.

SEI (NASDAQ:SEIC) announced that Paducah Bank has chosen SEI Sphere to bolster its cybersecurity and IT operations. SEI Sphere offers cloud-based cybersecurity solutions designed to protect clients' technology and data efficiently. With a suite of services including 24/7 cybersecurity protection and managed detection, SEI Sphere aims to safeguard financial institutions from evolving cyber threats. The partnership enables Paducah Bank to enhance operational security, allowing them to pursue growth strategies with greater confidence.

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.