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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) has announced the acquisition of Atlas, Capita's defined contribution master trust, pending regulatory approval. This acquisition enhances SEI's competitive presence in the UK market, integrating Atlas's 110,000 members and approximately £2 billion in combined assets under management as of September 30, 2021. SEI aims to leverage Capita's pension administration expertise alongside its own investment solutions to improve member outcomes. Capita will continue providing administration services to ensure service continuity for members.
SEI Investments Company (NASDAQ:SEIC) reported a strong third-quarter 2021 with diluted earnings per share at $0.97, up 29% from $0.75 in Q3 2020. Revenues rose 14% to $485,322 thousand, driven by positive market conditions and increased assets under management, totaling $855.7 billion, a 16% increase year-over-year. Net income also surged 24% to $138,045 thousand. Strategic investments in solutions and workforce were highlighted as key growth drivers. A conference call to discuss earnings is scheduled for later today.
SEI Investments Company (NASDAQ: SEIC) will announce its third-quarter 2021 earnings on October 20, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. Eastern time on the same day. The public can listen to the call through the company's investor relations webpage, with replays available shortly afterward. As of June 30, 2021, SEI manages approximately $1.3 trillion in assets across various categories, including $399 billion in assets under management.
SEI (NASDAQ: SEIC) has rebranded its IT services division to SEI Sphere, enhancing its focus on comprehensive cybersecurity solutions for financial institutions. This initiative aims to address the growing cyber threats and operational challenges in a rapidly digitalizing financial landscape. SEI Sphere offers 24/7 protection, proprietary tools, and deep sector expertise. SEI continues to manage approximately $1.3 trillion in assets, further solidifying its position as a leading global provider in the financial services sector.
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SEI (NASDAQ:SEIC) reported a significant expansion of its institutional business, adding 11 clients and nearly $3.8 billion in new outsourced chief investment officer (OCIO) and fiduciary management assets in H1 2021. The firm has seen over $9.1 billion in new assets globally since January 2020. SEI's ability to deliver comprehensive solutions and a strong infrastructure has made it a preferred choice for over 440 institutional investors. Key new clients include Greater Philadelphia YMCA and Real Estate Council of Ontario.
SEI (NASDAQ: SEIC) has launched five new asset allocation-based models under its SEI Domestic ETF Strategies, enhancing investment options for independent advisors via the SEI Wealth Platform. These strategies focus on domestic equity and fixed income securities, aiming to maximize risk-adjusted returns. J. Womack highlighted the growing demand for low-cost, tax-efficient solutions, while Erich Holland emphasized the importance of personalized investment options for advisors and their clients. As of June 30, 2021, SEI manages approximately $399 billion in assets under management.
SEI (NASDAQ:SEIC) announced its participation in upcoming industry conferences, including Oppenheimer's Technology, Internet & Communications Conference, Morningstar's Management Behind the Moat Conference, and UBS' FinTech One-on-One Conference. The company will engage in one-on-one meetings and fireside chats to discuss its strategic direction. Key dates include:
- Oppenheimer Conference: Aug. 10, 3:45 p.m. ET
- Morningstar Conference: Sept. 15, 11 a.m. ET
- UBS Conference: Sept. 16
SEI manages approximately $1.3 trillion in assets, highlighting its role as a leader in investment solutions.
SEI (NASDAQ: SEIC) announced a new partnership with Wealthbox, a CRM for financial advisors, enhancing its SEI Wealth Platform. This integration will allow advisors to access client information seamlessly through a single sign-on. Key features include improved contact management, social profile integration, customizable workflows, and a mobile app for on-the-go access. SEI continues to support over 7,500 advisors managing approximately $95.2 billion in total platform assets. The integration aims to drive improved client experiences through advanced technology.