Sei Invts Co Stock Price, News & Analysis

SEI Investments Company (NASDAQ:SEIC) reported a strong performance in Q1 2021, with diluted EPS increasing to $0.89 from $0.72 year-over-year. Revenues reached $455.7 million, a 10% increase from $414.8 million in Q1 2020. Net income grew 19% to $129.5 million. Key segments showed positive revenue growth: Investment Managers up 17%, Investment Advisors up 11%, and Institutional Investors up 7%. Average assets under administration rose to $821.6 billion, a 21% increase. However, operational expenses increased by 5% to $301.3 million, reflecting investments in new business opportunities.

SEI Investments Company (NASDAQ: SEIC) will disclose its first-quarter 2021 earnings on April 21, 2021, after market close. A conference call is scheduled for 4:30 p.m. Eastern time to discuss the results. SEI manages approximately $1 trillion in various assets, including $369 billion in assets under management and $787 billion in client assets under administration as of December 31, 2020. Interested parties can attend the call via their website, with replays available shortly after.

SEI (NASDAQ:SEIC) announced the acquisition of Oranj's cloud-native technology platform, aimed at enhancing digital collaboration tools for financial advisors and their clients. The integration is expected to improve client engagement by providing a comprehensive investor-facing portal, messaging features, and streamlined portfolio management. This move reflects SEI's commitment to empowering advisors in a digital-first environment. With 7,500 advisor partners and $75.1 billion in assets managed, SEI aims to transform the client experience by leveraging Oranj's intuitive technology.

SEI (NASDAQ: SEIC) has been chosen by Progress Bank and American Riviera Bank for their IT services to enhance IT infrastructure, network operations, and cybersecurity. With over 50 years of experience, SEI offers customized IT solutions tailored to financial institutions' needs. Progress Bank, with over $1.6 billion in assets, and American Riviera Bank, with over $900 million in assets, aim to bolster their cybersecurity frameworks. SEI's expertise in compliance and regulatory requirements positions them as a valuable partner for these banks.

SEI (NASDAQ: SEIC) announced that its South African branch, SEI Investments South Africa, achieved a Level 2 Broad-Based Black Economic Empowerment (B-BBEE) Rating, scoring over 95 points. This accomplishment highlights SEI's commitment to South Africa's socio-economic development. Notably, the company completed its first Black Economic Empowerment transaction in 2018. The B-BBEE rating reflects compliance in key areas: Ownership, Management Control, Skills Development, Enterprise and Supplier Development, and Socio-Economic Development.

SEI (NASDAQ:SEIC) reported strong momentum in its Private Banking sector, securing seven new SEI Wealth Platform client agreements and implementing seven clients in the past year. Additionally, SEI achieved 26 recontract agreements with existing clients. The company successfully transitioned to remote operations during the pandemic, completing implementations on time and within budget. SEI aims to facilitate digital transformation in wealth management and enhance client collaboration amidst market challenges.

SEI (NASDAQ:SEIC) has achieved a significant milestone with its collective investment trust (CIT) business surpassing $100 billion in assets under administration (AUA) as of Dec. 31, 2020, marking a 20.5% increase from the previous year. In 2020, SEI Trust Company launched 39 funds, adding over $17.3 billion in CIT assets. The growth is attributed to SEI's operational platform and the increasing demand for customized investment solutions. A Callan survey indicates that 78% of plan sponsors now include CITs, with an 11% rise noted from 2019.

SEI (NASDAQ:SEIC) has been appointed as the outsourced chief investment officer (OCIO) for the Greater Washington Community Foundation, managing approximately $197 million of its assets. This partnership aims to enhance investment management through discretionary services, manager oversight, and support for the foundation's long-term goals. SEI will oversee asset allocations, introduce new asset classes, and implement considerations for social and environmental factors. The partnership is a testament to SEI's 50-year track record in investment management for over 460 clients globally.

SEI (NASDAQ:SEIC) will attend the Raymond James Institutional Investors Conference on March 2, 2021. CFO Dennis McGonigle and Wayne Withrow will participate in a fireside chat at 12:30 p.m. ET, discussing SEI's five business segments and growth opportunities. One-on-one meetings will also be available. A replay of the fireside chat will be accessible on SEI's Investor Relations page until March 1, 2022. As of December 31, 2020, SEI manages approximately $1 trillion in assets, highlighting its role as a global provider of investment solutions.