Sei Invts Co Stock Price, News & Analysis

SEI (NASDAQ:SEIC) has announced an expansion of its direct index separately managed account (SMA) strategies and enhancements to unified managed account (UMA) solutions. The company introduced new Systematic Core Strategies including S&P 500® Core, U.S. SMID Cap Core, and U.S. Small Cap Core, alongside Parametric Portfolio Associates' Custom Core solutions.

The expansion targets mass-affluent, high-net-worth, and ultra-high-net-worth investors, focusing on three key trends: increasing demand for tax-efficient solutions, combination of public beta and private alpha in UMA strategies, and scaled integration of sophisticated investment solutions. The strategies feature tax optimization capabilities, including opportunistic tax-loss harvesting during market volatility and gain deferral for tax efficiency. SEI provides personalized 'Estimated Taxes Saved' reports to advisors with client-specific tax management information.

SEI Investments Company (SEIC) announced a significant expansion of its stock repurchase program, with its Board of Directors approving an additional $500 million authorization. This increase brings the total available authorization under the program to approximately $556 million, which includes $56 million remaining from the company's existing share repurchase authorization.

SEI (NASDAQ:SEIC) has announced the launch of SEI Strategies with Capital Group, a new series of ETF model portfolios. The partnership combines SEI's strategic asset allocation approach with Capital Group's ETFs in a unified managed account framework.

The launch includes 24 different portfolio models across four categories: standard strategies, U.S. focused strategies, tax-managed strategies, and U.S. focused tax-managed strategies, with six models in each category. The tax-managed portfolios feature ETFs' tax efficiency benefits, municipal bond ETF exposure, and systematic tax-loss harvesting capabilities.

This initiative comes amid strong industry growth, with asset managers and third-party strategist model providers experiencing a 21.4% asset growth rate in 2023. Capital Group currently offers 22 active ETFs in the U.S. market, designed for integration into core client portfolios.

SEI (NASDAQ:SEIC) has launched its alternative investment product marketplace through SEI Access, a platform providing comprehensive investment solutions for wealth managers and financial advisors. The platform offers broader access to alternative investments across various asset classes and fund managers, including new additions like Constitution Capital Partners, Golub, and others.

The marketplace features a digital interface with educational tools, integrated subscription processing, and expanded distribution opportunities. As of December 31, 2024, SEI Access supports over 250 wealth management firms and 165 fund managers, providing access to approximately 300 alternative investment funds. The platform has processed about $4.9 billion in alternatives transactions with more than 22,500 subscriptions.

This launch builds upon SEI's private markets expertise and the acquisition of Altigo, enhancing their subscription automation technology. The company recently acquired LifeYield, aiming to deliver automated unified managed household capabilities.

SEI (NASDAQ:SEIC) has announced a definitive agreement to sell its Family Office Services business to Aquiline, a private investment firm, for $120 million. The transaction is expected to close in late Q2 2025.

Post-acquisition, the business will operate as Archway, leveraging its established platform brand in the family office market. The Archway Platform, which had $723 billion in assets as of December 31, 2024, provides technology and outsourced services for accounting, investment management, and reporting functions for ultra-high-net-worth families.

The deal includes the transition of Family Office Services employees from SEI's Indianapolis, Denver, and Oaks offices, including core leadership team members. The acquisition aims to further invest and extend the platform's capabilities under Aquiline's ownership.

SEI (NASDAQ:SEIC) has announced the expansion of Executive Vice President Sean Denham's role to Chief Financial and Chief Operating Officer (CFO/COO). In addition to his current CFO duties, Denham will now oversee:

• Information technology and operations
• Human resources functions
• Global operations including SEI Private Trust Company
• Procurement and marketing
• Technology strategy and execution

CEO Ryan Hicke emphasized that this change aligns with SEI's focus on driving growth and optimizing their operating model. Denham, who joined SEI in March 2024, previously spent 20 years at Grant Thornton in various leadership roles. The company states this transformation aims to benefit employees, clients, shareholders, and strategic partners.

SEI (NASDAQ:SEIC) announced the expansion of its strategic partnerships by adding Nifty, Jump, and TIFIN Wealth to enhance its advisor services platform. These new partnerships aim to provide advisors with discounted access to essential business tools and services, including:

- Jump's AI Meeting Assistant for reducing administrative time and enhancing client meetings
- Nifty Advisor Support for digital marketing, client servicing, and financial planning solutions
- TIFIN Wealth's personalized investment proposal platform with risk alignment and goals-based planning

The expansion is designed to help advisors reduce costs, save time, increase operational efficiency, and focus more on client relationships. SEI recently made a strategic investment in TIFIN in February 2024, demonstrating its commitment to strengthening its wealth management ecosystem.

SEI Investments Company (NASDAQ: SEIC) reported strong fourth-quarter 2024 financial results, with significant growth across key metrics compared to Q4 2023. Revenue increased 15% to $557.2 million, while operating income grew 43% to $145.5 million. The company achieved a 31% increase in EPS to $1.19, marking the second consecutive quarter of significant growth.

Net sales events for Q4 2024 reached $38.2 million, bringing full-year 2024 net sales events to $127.9 million, a 58% increase versus 2023. All business segments showed improved performance, with Private Banks seeing 56% operating profit growth, Investment Advisors 47%, and Investment Managers 26%. Operating margins improved to 26%, up from 21% in Q4 2023.

The company actively managed capital, repurchasing 3.1 million shares for $259.5 million during Q4 2024 at an average price of $83.43 per share.

SEI (NASDAQ:SEIC) announced three key leadership appointments in Luxembourg as part of its strategic global expansion. The company currently ranks seventh among 129 fund administrators in Luxembourg for assets under administration (AUA) and holds the position of largest private credit fund administrator globally.

The new appointments include Claire Matteucci as Head of Depositary, Manuel Martin de Rosales as Conducting Officer responsible for compliance and risk, and Laurent Scherer as Business Development Director. All three executives bring approximately two decades of industry experience each and will report to Ian MacWilliams, Managing Director of SEI's Luxembourg office.

SEI maintains operational centers in Oaks, PA, London, Dublin, and Luxembourg, providing an integrated operational platform. The company recently surpassed $1.5 trillion in alternative AUA in its Investment Managers business and has opened new office space in Dublin to support its global growth initiatives.