Sei Invts Co Stock Price, News & Analysis

SEI (NASDAQ: SEIC) announced an expanded strategic partnership with Knights of Columbus Asset Advisors (KoCAA). KoCAA is moving over $500 million in assets under management to the SEI Wealth Platform, enhancing their existing relationship which already includes SEI's fund administration services. KoCAA, a full-service investment firm dedicated to Catholic principles, manages $27 billion in AUM as of June 30, 2024.

The partnership leverages SEI's capabilities in technology, operations, asset management, and advisor services. KoCAA benefits from SEI's client asset custody structure, advisor and investor technology, and dedicated service model. This expansion aims to provide a more personalized, connected experience for KoCAA's clients while allowing the firm to scale its business efficiently.

SEI (NASDAQ:SEIC) announced that Diversified, has surpassed $2 billion in client assets under management as of June 30, 2024. Diversified leverages SEI as a strategic partner for technology, operations, and asset management. SEI supported Diversified's recent acquisitions, expanding their presence to include offices in Georgia and Massachusetts.

Diversified serves approximately 2,000 client households and provides comprehensive financial planning. The firm utilizes SEI's capabilities, including SEI Private Trust Company's custody structure, integrated technology, investment strategies, and dedicated service model.

Andrew Rosen, President of Diversified, emphasized the importance of SEI's seamless integration and stability in their growth. Erich Holland, Executive Managing Director at SEI, highlighted their commitment to enabling advisors to operate efficiently and serve clients effectively.

SEI (NASDAQ:SEIC) has announced the addition of KKR investment vehicles to its alternative investments access platform. This platform provides registered investment advisors, broker-dealers, and their clients access to private markets investments. SEI's e-subscription technology aims to increase access to alternative investments, improve processing efficiency, and enhance the advisor and client experience.

The move comes as investments in alternative assets are projected to grow by $1.2 trillion over the next four years, with 85% of wealth managers expecting to increase allocations to alternative asset classes within the next year. SEI's platform addresses operational challenges that have impeded the adoption of alternatives, combining electronic subscription documents, proprietary firm paperwork, custodian forms, and e-signature capabilities.

SEI's alternatives platform is currently used by over 250 wealth management firms and 165 fund managers, processing more than $4.3 billion in alternatives transactions across over 19,000 subscriptions.

SEI (NASDAQ:SEIC) has surpassed $1.5 trillion in alternative assets under administration in its Investment Managers business, servicing various alternative fund types. As the largest private credit fund administrator globally, SEI's clients include 43 of the top 100 largest investment managers. With global alternative assets under management expected to reach $24.5 trillion by 2028, SEI is well-positioned to capitalize on this growth.

The company's success is attributed to its expertise across all alternative strategies, asset classes, and jurisdictions, helping clients navigate complex operational and business challenges. SEI's integrated operational platform and client service model, supported by centers in Oaks, PA, London, Dublin, and Luxembourg, provide clients with transparency and efficient fund operations.

SEI (NASDAQ:SEIC) announced that its Advisors' Inner Circle (AIC) series trust has reached $100 billion in net assets, supporting 47 clients and 128 funds. The AIC provides investment managers with a cost-effective solution to launch and operate registered funds, including mutual funds, ETFs, interval, and tender-offer funds. This milestone reflects AIC's position as a leading turnkey platform for '40 Act vehicles.

The industry is experiencing significant growth, with ETF assets increasing 25% year-over-year to $9.2 trillion, and interval and tender-offer funds seeing a 24.2% increase in net assets from Q1 2023 to Q1 2024. Investment managers are increasingly outsourcing fund operations to focus on their core expertise and business growth.

SEI (NASDAQ: SEIC) has unveiled new investment strategies for its Separately Managed Account (SMA) and Unified Managed Account (UMA) solutions. These additions include fixed income-based direct indexing strategies and dividend-focused equity options. The move aims to enhance choice, control, and customization for advisors and their clients.

Key new strategies include:

• Systematic U.S. Aggregate Bond Core strategy
• Systematic Municipal Bond Core strategy
• Systematic U.S. Dividend Yield Core strategy
• U.S. Dividend Yield (Multi-Factor SMA) strategy

SEI's CIO, Jim Smigiel, emphasized the company's commitment to delivering solutions based on advice, customization, and stability. The expansion responds to feedback from major strategic clients and aligns with the strong growth in UMA assets, which have been increasing at an annual rate of 34%.

SEI (NASDAQ: SEIC) has been recognized with three prestigious awards for its cybersecurity solution, SEI Sphere. The accolades include:

• Two categories in the 2024 Global InfoSec Awards by Cyber Defense Magazine
• Two categories in the 2024 Fortress Cybersecurity Awards by Business Intelligence Group
• Inclusion in the 2024 MES Midmarket 100 List by MES Computing

These awards highlight SEI Sphere's capabilities in network security, threat intelligence, and managed security services. Steve Bomberger, Head of SEI Sphere, emphasized the importance of viewing cybersecurity as an investment rather than an expense, given the increasing complexity of the threat landscape.

SEI (NASDAQ:SEIC) and Canoe Intelligence have expanded their partnership to enhance alternatives data management for family offices. The integration automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data, improving operational efficiency for users of the SEI Archway Platform. This collaboration addresses the challenges faced by family offices in managing alternative assets, which comprised 42% of their investment portfolios in 2023.

The enhanced integration introduces a new data channel that streamlines the collection, aggregation, and analysis of alternative asset data. Key benefits include automated fund and allocation-level data gathering, improved processing of asset pricing and capital transactions, and streamlined investment reporting processes. Since the partnership began, Canoe has processed over 150,000 documents for SEI's clients, automating data transmission across more than 3,400 alternative investments.

SEI (NASDAQ: SEIC) has announced the appointment of Michael Lane as Executive Vice President and Head of Asset Management, effective Sept. 16, 2024. Lane, with 35 years of industry experience, will be responsible for the business and growth strategy for SEI's Advisor and Institutional businesses in North America, as well as leading the company's global investment management teams.

Lane's extensive background includes leadership roles at Blackrock, Dimensional Fund Advisors, and TIAA-CREF. CEO Ryan Hicke emphasized that Lane's appointment aligns with SEI's focus on growth and expansion in the rapidly evolving asset management markets. The company aims to capitalize on opportunities to help clients navigate industry changes and drive growth.