SEI Completes First Stage of Strategic Investment in Stratos Wealth Holdings
SEI (NASDAQ: SEIC) completed the first stage of a strategic investment in Stratos Wealth Holdings on Dec. 3, 2025, buying the U.S. Stratos business for approximately $441 million, representing ~81% of the total transaction value.
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Rhea-AI Summary
SEI (NASDAQ: SEIC) completed the first stage of a strategic investment in Stratos Wealth Holdings on Dec. 3, 2025, buying the U.S. Stratos business for approximately $441 million, representing ~81% of the total transaction value.
SEI will pay a total cash consideration of approximately $544 million for 57.5% of SEI-Eclipse Holding Company; legacy holders retain 42.5% subject to put/call rights that could ultimately lead to 100% ownership. Stratos operates across 29 states with a network of more than 350 advisors. A second-stage purchase of Stratos' Mexico-based NSC business is expected to close in 2026, subject to regulatory approval.
Positive
- U.S. Stratos business purchase: $441 million
- SEI equity investment: $544 million for 57.5% stake
- Stratos distribution: >350 advisors across 29 states
- Combination enhances SEI technology, custody, and asset management
Negative
- Legacy holders retain 42.5% subject to put/call rights
- Second-stage Mexico NSC acquisition subject to regulatory approval in 2026
- Final 100% ownership contingent on put/call exercise and approvals
Details
News Market Reaction – SEIC
On Dec 3, the day this news came out, SEIC closed 1.30% above the previous close.
Data tracked by StockTitan Argus for the Dec 3 session.
Key Figures
- U.S. Stratos purchase price
- $441 million
- First-stage purchase of U.S.-based Stratos business
- Portion of transaction value
- 81%
- Represents 81% of total Stratos transaction value
- Total cash consideration
- $544 million
- For 57.5% equity of SEI-Eclipse Holding Company
- Initial SEI ownership
- 57.5%
- Equity stake in SEI-Eclipse Holding Company
- Legacy ownership
- 42.5%
- Legacy Stratos holders’ stake with put/call rights
- Potential ultimate ownership
- 100%
- SEI ownership if all put/call rights are exercised
- Advisor network size
- More than 350 advisors
- Stratos national network of financial advisors and planners
- Geographic footprint
- 29 states
- Stratos operations across U.S. states
Historical Context
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Reported strong global wealth-platform activity and major client migration to SEI.
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Announced first-stage Stratos investment, expanding advisor network and advice platform.
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Syverson Strege chose SEI platform for migrating about $1B in client assets.
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Expanded tax and overlay tools aimed at improving after-tax outcomes for clients.
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Clermont Trust USA went live on SEI Wealth Platform for sub-$1B institutions.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
alternative investments financial
ocio services financial
put/call rights financial
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Business Partnership Highlights Commitment to Helping Advisors Scale and Grow
As previously announced, Founder and CEO Jeff Concepcion will continue to lead the Stratos business, which will operate under its brand and as an affiliated business of SEI. Stratos' client service model, including custodial relationships, will continue, and its current offerings will be reinforced by SEI's capabilities across technology, custody, operations, and asset management.
Commenting on the partnership, CEO Ryan Hicke said:
"There are three core growth opportunities in wealth management: advice, asset management, and administration. We've built world-class administration and asset management platforms that enable the more effective delivery and execution of advice, and Stratos further enhances our ecosystem with an advice platform that respects advisor independence and capitalizes on trends in fee-based wealth management.
"We believe in the value of advice, and by combining our strengths in all three areas and fostering mutual learning across them, we can enhance the solutions and services we provide across all intermediaries, help them scale their businesses, and drive powerful, sustainable growth."
Concepcion added:
"Our success reflects our commitment to providing the flexibility, personalized service, robust solutions, and independence that advisors need to achieve their growth objectives. The breadth and strength of SEI's capabilities, including alternative investments and OCIO services, will enhance our ability to deliver on that commitment while scaling our own operations.
"SEI's evolution over the last few years has been remarkable, and its ecosystem powers its clients' transformation. We're thrilled to have a partner investing in this next step of our growth journey, so we can help advisors serve their clients more seamlessly and position their businesses for future success."
Based in
Subject to applicable regulatory approval and other customary closing conditions, the second stage of the transaction to purchase the
About SEI®
SEI (NASDAQ: SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of Sept. 30, 2025, SEI manages, advises, or administers approximately
About Stratos Wealth Holdings
Stratos is a family of companies including affiliated registered investment advisors. Stratos supports a network of independent financial advisors by providing flexible affiliation models, including a hybrid option, and practice management consulting, operations, IT, and compliance services. Financial advisors associated through the Stratos network of registered investment advisors advise and service approximately
Forward-looking statements
This communication contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission. In some cases you can identify forward- looking statements by terminology, such as "may," "will," "expect," "believe," "remain" and "continue" or "appear." SEI's forward-looking statements include its current expectations as to:
- the benefits that SEI's clients may derive from its capabilities;
- the going-forward operating model for Stratos;
- SEI's ability to realize the various aspects of its strategic rationale for the Stratos partnership;
- the benefits that Stratos may derive from SEI's investment and capabilities; and
- the degree to which the put/call features of the transaction will be exercised.
You should not place undue reliance on any forward-looking statements, as they are based on the current beliefs and expectations of management and subject to significant risks and uncertainties, many of which are beyond management's control or are subject to change. Although management believes the assumptions upon which the forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI's forward-looking statements can be found in the "Risk Factors" section of SEI's Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the Securities and Exchange Commission.
Company Contact: | Media Contact: |
Leslie Wojcik | Eric Hazard |
SEI | Vested |
+1 610-676-4191 | +1 917-765-8720 |
View original content:https://www.prnewswire.com/news-releases/sei-completes-first-stage-of-strategic-investment-in-stratos-wealth-holdings-302632031.html
SOURCE SEI
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