Welcome to our dedicated page for Sei Invts Co news (Ticker: SEIC), a resource for investors and traders seeking the latest updates and insights on Sei Invts Co stock.
SEI Investments Company (NASDAQ: SEIC) is frequently featured in financial news for its activities as a global provider of financial technology, operations, and asset management services within the financial services industry. Company releases emphasize SEI’s work with banks, wealth managers, trust companies, and advisory firms, as well as its role in supporting digital transformation, platform implementations, and asset management initiatives.
News coverage for SEI includes executive and leadership updates, such as the appointment of a Head of Bank Asset Management Distribution and a Chief Product Officer, and governance developments disclosed in Form 8-K filings, including board leadership changes and the transition of its founder to Chairman Emeritus. These items give investors and industry participants insight into SEI’s organizational direction and oversight.
Investors following SEIC news will also see earnings and capital allocation announcements, including quarterly earnings release dates, dividend declarations, and share repurchase program authorizations, all documented through press releases and 8-K filings. In addition, SEI reports on strategic transactions and partnerships, such as its strategic investment in Stratos Wealth Holdings, the closing of the sale of its Family Office Services business to Aquiline Capital Partners, and collaborations with firms like Syverson Strege and Clermont Trust USA that adopt the SEI Wealth Platform.
Another recurring theme in SEI’s news is the evolution of its technology and wealth management platforms, including enhancements to the SEI Wealth Platform and expansions of tax management and overlay capabilities for separately managed and unified managed accounts. Readers can use this news page to monitor how SEI’s technology, operations, and asset management services are being applied across the wealth management ecosystem and how the company communicates its strategy and initiatives to the market.
SEI (NASDAQ: SEIC) and Attivo Investments announced a strategic partnership implementing SEI's Co-CIO solution to deliver scalable investment services. The partnership aims to support Attivo's in-house team in developing investment approaches while providing business growth support. The UK market for discretionary managed portfolio services has shown significant growth, with a 36% increase in the 12 months before September 2024.
The partnership introduces three portfolio models for Attivo's clients: Low Cost (six preservation and accumulation strategies using passive investments), Core (seven strategies focusing on preservation, accumulation, and withdrawal), and APEX (six unconstrained strategies for high-net-worth investors including private equity and hedge funds).
SEI (NASDAQ: SEIC) has announced the launch of depositary services for Luxembourg alternative investment funds (AIFs). The company's depositary assets have grown significantly from $17 billion in 2018 to $100 billion in 2024, currently serving over 430 funds. SEI holds leading positions as the largest fund administrator for U.S.-managed private market funds in Luxembourg and the largest private credit fund administrator globally by assets.
The new Luxembourg depositary services will complement SEI's existing offerings, including fund administration, registrar and transfer agent, and regulatory reporting services. The company provides services such as cash flow monitoring, oversight, ownership verification, and safekeeping of assets. SEI has been providing depositary services in Ireland for 25 years, where it is the largest non-bank depositary by AUM.
SEI recently surpassed $1.5 trillion in alternative assets under administration and has operational centers in Oaks, PA, London, Dublin, and Luxembourg.
SEI Investments Company (NASDAQ: SEIC) has announced a semi-annual dividend increase from $0.46 to $0.49 per share. The dividend was declared by the Board of Directors on December 12, 2024. Shareholders of record as of December 27, 2024, will receive the cash dividend payment on January 8, 2025. This represents a 6.5% increase from the previous semi-annual dividend.
SEI (NASDAQ:SEIC) has filed an exemptive application with the SEC to establish an ETF multi-share class structure for mutual funds it administers and distributes. This initiative aims to provide investment flexibility and growth opportunities for investment advisors using SEI's Advisors' Inner Circle (AIC) platform.
Unlike most applications filed by investment advisors, SEI's application is filed through its mutual fund administration and distribution subsidiaries. If approved, investment advisors using SEI's AIC platform can leverage SEI's exemption without filing their own applications, saving costs and time.
The AIC platform currently serves 45 clients and 121 funds with over $100 billion in assets under management as of September 30, 2024.
SEI (NASDAQ: SEIC) has acquired Boston-based tax-smart technology provider LifeYield, becoming the first in the industry to offer real-time, automated unified managed household (UMH) capabilities in a fully bundled overlay solution. The integration will enable tax-efficient investing at scale, providing comprehensive UMH capabilities including asset location, tax-loss harvesting, and withdrawal optimization across multiple household accounts.
The acquisition builds upon their 2022 strategic partnership and will integrate LifeYield's APIs into the SEI Wealth Platform. This move aims to serve the growing demand for tax management and personalized portfolio management, particularly targeting Millennials, Gen X, and retiring baby boomers. According to Cerulli, 86% of financial advisors consider quantifying and reporting tax management's impact essential for their business.
SEI (NASDAQ:SEIC) and the Philadelphia Phillies have announced their second annual mural contest for Citizens Bank Park during the 2025 MLB season. Local artists are invited to submit concepts around the theme of 'Connecting Communities' by February 14, 2025.
The winning artist will receive a $10,000 cash prize and have their mural displayed above Ashburn Alley, along with promotional opportunities and on-field recognition. First and second runners-up will receive game tickets, and all submissions may be considered for display at SEI's headquarters. The organizations will make a charitable contribution from their co-branded fund, and the mural will be relocated to SEI's Oaks headquarters after the season.
SEI (NASDAQ:SEIC) has been selected by Arrow Global Group , a European alternative asset manager, to support fund administration, loan operations, and investor services for its Luxembourg-based private credit fund. SEI ranks 7th out of 129 fund administrators in Luxembourg and is the largest private credit fund administrator globally by assets. The partnership aims to provide Arrow Global with streamlined processes, enhanced data transparency, and operational support for global growth. SEI recently surpassed $1.5 trillion in alternative assets under administration in its Investment Managers business.
SEI (NASDAQ:SEIC) announced that Front Street Capital Management has selected their custody and technology solutions, transferring over $600 million in assets under management. Front Street chose SEI for its integrated infrastructure providing end-to-end advisor business solutions and dedicated service model. The Montana-based registered investment advisor specializes in purpose-driven companies with long-term compounding ability. The partnership aims to enhance Front Street's operational efficiency and client service capabilities through SEI's integrated technology platform and advisor services.
SEI (NASDAQ: SEIC) has announced a new lineup of separately managed account (SMA) strategies through their Managed Account Solutions program. The expansion includes both SEI-managed strategies and third-party options from AllianceBernstein, Loomis Sayles, and Parametric Portfolio Associates. The new offerings span equity and fixed income solutions, targeting mass-affluent, high-net-worth, and ultra-high-net-worth investors. With SMAs showing a 24.4% growth rate in the managed account category, the expansion aims to provide advisors with enhanced personalization options and tax control capabilities through both SMA and unified managed account (UMA) solutions.
SEI announced that Brown Advisory has selected the Advisors' Inner Circle (AIC) series trust platform to launch its first ETF, the Brown Advisory Flexible Equity ETF (BAFE). The fund, focusing on U.S. companies, was created through the conversion of taxable SMAs. This launch comes as the U.S. ETF market reached a record $10 trillion in September 2024.
The AIC platform, pioneered by SEI over 30 years ago, currently manages $103 billion in net assets, serving 45 clients and 121 funds. The platform enables investment organizations to launch and grow various fund types without building their own operating infrastructure.