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SEI Investments Company reports developments across financial technology, operations and asset management services for the financial services industry. News about SEIC commonly covers quarterly results, client outsourcing demand, wealth-management infrastructure, fund administration, asset management activity and professional services.
Recurring company updates include new client selections for the SEI Wealth Platform, expansion of SEI Access for alternative investments, digital onboarding for collective investment trusts, private-market and retirement-channel partnerships, and enterprise automation initiatives. SEI also issues investor conference updates and earnings-call materials tied to its operating performance and service platforms.
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.
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SEI (NASDAQ:SEIC) has announced that UMB Private Wealth Management is now utilizing the SEI Wealth Platform (SWP), enhancing their wealth management services. This transition includes a fully integrated technological solution to modernize back-office operations and client experience. SEI assisted UMB throughout the implementation process amidst pandemic challenges. Key officials from both companies stressed the importance of focusing on organizational transformation to meet evolving market needs. SEI manages approximately $1.3 trillion in assets as of December 31, 2021.
SEI (NASDAQ:SEIC) announced the launch of Ledger, a new feature for its SEI Novus portfolio intelligence tool. This functionality enables institutional investors to access, update, and reconcile comprehensive raw data, enhancing data accuracy and control over their assets. Key features include streamlined connectivity, an intuitive workflow, and portfolio transparency. Ledger also supports SEI's Enhanced CIO platform, allowing for outsourced shadow accounting. This innovation aims to provide clients with timely, reliable information for informed investment decisions.
SEI (NASDAQ:SEIC) announced that Republic Bank has chosen SEI Sphere for managing its cybersecurity operations. SEI Sphere offers cloud-based cybersecurity solutions aimed at enhancing enterprise technology protection. Republic Bank, based in Philadelphia with over $5 billion in assets, aims to expand its market presence in Pennsylvania, New Jersey, and New York using these services. The partnership is expected to streamline vendor management and improve risk detection and remediation as cyber threats evolve.
SEI (NASDAQ: SEIC) and the Association of Governing Boards of Universities and Colleges (AGB) revealed new research on the investment landscape of college-affiliated foundations, unveiled at AGB's Foundation Leadership Forum. Key findings include that 51% of foundations with $100 million or less in assets operate on budgets of $1 million or less. Additionally, 64% of foundations aim for investment returns between 7.0% and 8.25% in 2022, with 38% expecting inflation to rise over 2%. Over half utilize outsourced chief investment officers, highlighting a trend towards professional investment management.
SEI (NASDAQ: SEIC) announced a strategic partnership with Supernova Technology™ to integrate Nationwide Smart CreditSM into the SEI Wealth PlatformSM. This digital lending solution allows advisors to help clients access liquidity from non-retirement portfolios without disrupting investment strategies. Key features include rapid loan processing, high advance rates, lower interest rates, and reduced minimum line amounts. The partnership aims to enhance SEI's suite of solutions for independent advisors, emphasizing immediacy and personalized services.
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