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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 a significant milestone, surpassing $100 billion in assets managed by independent advisors via the SEI Wealth Platform. This achievement reflects the company's commitment to enhancing its services through advanced technology and investment solutions. Initiatives in 2021 included the acquisition of Oranj, the launch of Digital Account Open, and the release of Digital Model Management. SEI also introduced new investment strategies, including SEI Systematic Core Strategies and SEI Domestic ETF Strategies, to improve investment flexibility for advisors.
SEI Investments Company (NASDAQ: SEIC) reported a strong financial performance for Q4 2021, achieving diluted earnings per share of $1.03, up 20% from $0.86 in Q4 2020. Total revenues rose to $501.65 million, a 13% increase year-over-year. The company's net income increased by 15% to $145.3 million. For the full year 2021, SEI reported revenues of $1.92 billion and net income of $546.6 million, both reflecting year-over-year growth.
Strategic acquisitions and a focus on R&D continue to drive SEI's growth prospects, positioning the company for increased shareholder value.
SEI Investments Company (NASDAQ: SEIC) will announce its earnings for Q4 2021 on January 26, 2022, after market close. A conference call discussing these results is scheduled for 4:30 p.m. Eastern time. Investors can participate via the company’s website, where replays of the call will also be available. As of September 30, 2021, SEI managed approximately $1.3 trillion in assets, delivering technology and investment solutions within the financial services sector.
SEI (NASDAQ:SEIC) launched two major technology enhancements—Digital Account Open and Digital Model Management—aimed at independent advisors using the SEI Wealth Platform. The Digital Account Open tool streamlines the onboarding process, allowing for fully digital account openings with features such as error detection and a cohesive dashboard. Meanwhile, Digital Model Management enhances portfolio management capabilities, enabling advisors to customize client portfolios seamlessly. SEI continues to advance its cloud transformation, improving how advisors deliver personalized wealth management services.
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.