UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 _______________________________ ...

SEI Investments Company (NASDAQ:SEIC) Q3 2023 Results Conference Call October 25, 2023 4:30 PM ET Company Participants Alex Whitelam - Director, IR Ryan Hicke - CEO Dennis McGonigle - CFO Paul Klauder - EVP and Head, Advisor Business Jay Cipriano - EVP and Head, Institutional Business Phil McCabe - EVP and Head, Investment Managers Services Sanjay Sharma - EVP and Global Head, Private Banking & Wealth Management Conference Call Participants Owen Lau - Oppenheimer Ryan Kenny - Morgan Stanley Crispin Love - P ...

Connecting financial services Career Specific Specifical 2017-02-20 a 0 - 1 0 g G 0 in the state of the first of t and the e Party the state 13:44 the state Production and the first the state 0 0 t a first and the Sel | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|------------------------------------------------------ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ____________________________________ ...

SEI Investments Company (NASDAQ:SEIC) Q2 2023 Earnings Conference Call July 26, 2023 4:30 PM ET Company Participants Alex Whitelam – Director-Investor Relations Ryan Hicke – Chief Executive Officer Dennis McGonigle – Chief Financial Officer Sanjay Sharma – Executive Vice President and Global Head-Private Banking Conference Call Participants Ryan Kenny – Morgan Stanley Jeff Schmitt – William Blair Owen Lau – Oppenheimer Mike Brown – KBW Operator Ladies and gentlemen, thank you for standing by. Welcome to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ___________________________________ ...

SEI Investments Company (NASDAQ:SEIC) Q1 2023 Earnings Conference Call April 20, 2023 4:30 PM ET Company Participants Lindsey Opsahl - Head of Investor Relations Ryan Hicke - Chief Executive Officer Dennis McGonigle - Executive Vice President, Chief Financial Officer Sanjay Sharma - Executive Vice President and Global Head of Private Banking & Wealth Management Phil McCabe - Executive Vice President, Head of Investment Manager Services Paul Klauder - Executive Vice President, Head of the Institutional Group ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ________________________________________ SEI INVESTMENTS COMPANY (Exact name of R ...

Financial Data and Key Metrics Changes - EPS for Q4 2022 was $0.83, down from $1.03 in Q4 2021 and $0.45 in Q3 2022 [18] - Revenue for the quarter was $457 million, compared to $502 million in 2021 and $471 million in Q3 2022 [18] - Fourth quarter revenues declined 9% year-over-year, and earnings were down 23% from the previous year [22][23] Business Line Data and Key Metrics Changes - In the Investment Managers segment, the alternative business saw large clients launching new products, while the traditional business added new clients across all product lines [9][10] - The Institutional Investors segment faced revenue and profit impacts due to capital market declines, but OCIO sales produced strong results in 2022 [12] - Private Banking had a busy quarter with eight clients recontracted, representing $53 million in annual recurring revenue [20] Market Data and Key Metrics Changes - The market environment was influenced by inflation, geopolitical tensions, and fiscal policy, affecting capital market performance [22] - The unfunded client backlog of gross sales at quarter end was $2.5 billion, with negative net flows from existing clients due to de-risking [38] Company Strategy and Development Direction - The company aims to leverage its business model to turn challenges into opportunities and focus on growth areas such as outsourcing, cybersecurity, and RIA [8][15] - SEI is focusing on unbundling investment options and enhancing client engagement to drive growth [11][16] - The company is building a corporate development team to execute strategic transactions for growth [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current volatile market and emphasized the importance of maintaining investments for future growth [25][26] - The leadership highlighted a renewed focus on expense management and strategic client engagement to drive profitability [24][32] Other Important Information - The company repurchased 1.3 million shares at an average price of $59.36, totaling $79.6 million [24] - A dividend of $0.43 per share was declared for the year [24] Q&A Session Summary Question: What is the trajectory for pretax margin and expense flexibility? - Management indicated that margin compression is a function of market conditions and that they have the ability to adjust variable costs based on performance [54][55] Question: Can you elaborate on the investments in compliance infrastructure? - The CFO explained that these investments are necessary to meet regulatory requirements and are part of a long-term strategy [46][47] Question: What are the growth areas for 2023? - Management identified cybersecurity and outsourcing as key focus areas, with increased sales force and capabilities in SEI Sphere [72][73] Question: How should we think about operating margins going forward? - Management expects margins to trend back to historical levels, with improvements in private banking and institutional business margins over time [81][84] Question: What opportunities exist for cross-selling with recontracted clients? - Management noted that recontracting is part of their growth strategy, allowing for deeper relationships and cross-selling opportunities [85][88]

Financial Data and Key Metrics Changes - Third quarter revenues declined 3% year-over-year to $471 million from $485 million in Q3 2021 [9][38] - Earnings per share (EPS) for the third quarter was $0.45, down 54% from $0.97 in the same quarter last year [9][37] - The financial impact of a voluntary separation program was approximately $57 million, equating to $0.32 per share for the quarter [10][37] - Total expenses for the quarter increased to $420 million from $344 million in the previous year [38][40] Business Line Data and Key Metrics Changes - The Investment Managers segment had a record sales quarter, with significant new business from both new and existing clients [18] - The Investment Advisors business saw net cash flow onto the platform of approximately $800 million, reflecting increased momentum in strategic initiatives [52] - The Institutional Investors segment experienced new client wins, particularly with foundations and endowments, with OCIO net sales events totaling $220 million [54] - The Private Bank business had an active quarter with new sales and implementations, including a significant conversion from U.S. Bank [25] Market Data and Key Metrics Changes - The company noted that lower capital markets impacted revenues from asset management and administration [39] - The backlog of sold but expected-to-install revenue in the next 18 months was reported at $44.9 million [43] - The current unfunded client backlog of gross sales at quarter end was $2.8 billion in the Institutional Investors segment [54] Company Strategy and Development Direction - The company announced a strategic alignment of its asset management businesses under one leadership to drive growth [8][14] - There is a focus on leveraging technology and data integration to meet market demand for advanced analytics [17] - The company aims to capitalize on growth opportunities in the wealth management market through both organic and inorganic means [13][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate inflation and market volatility while pursuing growth [12][35] - The company is committed to maintaining a disciplined approach to expense management while also being aggressive in capital allocation [77][78] - Management highlighted the importance of fostering a diverse and inclusive workplace culture as a competitive advantage [34] Other Important Information - The company repurchased 890,000 shares of stock at a price of $55.55 per share, totaling $49.4 million [11] - A strategic partnership with Snowflake was established to enhance data capabilities [17] - The company is actively engaging clients to create cross-sell opportunities across its business segments [27] Q&A Session Summary Question: How should investors think about the incremental revenue and expense opportunity with the new asset management structure? - Management emphasized that the alignment of units under one leader will enhance capital allocation for growth across segments [63][64] Question: Can you clarify the revenue impact from the Wells Fargo relationship? - Management confirmed a potential revenue impact of $1.3 million to $1.7 million per quarter and a one-time reduction of $5 million to $7 million in Q4 [71][72] Question: How much of the expense base is fixed versus variable? - The majority of expenses are fixed due to the employee base, but there are variable costs tied to assets and trading activity [84][85] Question: What changes are being made to the private bank segment to support better sales? - Management highlighted a significant backlog of signed contracts and ongoing engagement with clients to ensure timely implementations [100][102] Question: Can you expand on the deconversion within investment managers? - The decrease in assets was attributed to market impacts and parting ways with a low-fee strategy client, offset by new client fundings [110]