Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: SEI Investments (SEIC) - SEI Investments currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, SEIC shares increased by 5.67%, outperforming the Zacks Financial - Investment Management industry, which rose by 1.38% [7] - In the last month, SEIC's price change was 9.38%, significantly higher than the industry's 0.24% [7] - Over the past quarter, SEIC shares rose by 19.09%, and over the last year, they increased by 38.35%, compared to the S&P 500's gains of 6.24% and 31.96%, respectively [8] Trading Volume - SEIC's average 20-day trading volume is 791,080 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the last two months, 6 earnings estimates for SEIC have been revised upwards, raising the consensus estimate from $4.20 to $4.41 [11] - For the next fiscal year, 6 estimates have also moved higher, with no downward revisions noted [11] Conclusion - Given the strong performance metrics and positive earnings outlook, SEI Investments is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [12]

Stability, Flexibility, and Dedicated Service Deepen Strategic Partnership OAKS, Pa., Sept. 17, 2024 /PRNewswire/ -- SEI® (NASDAQ: SEIC) today announced that Knights of Columbus Asset Advisors® (KoCAA) expanded their strategic partnership across technology, operations, asset management, and advisor services for KoCAA's individual and institutional wealth management business. An existing client leveraging SEI's fund administration services, KoCAA is moving more than $500 million in assets under management (A ...

Core Insights - Diversified, LLC has surpassed $2 billion in client assets under management (AUM) as of June 30, 2024, highlighting significant growth and stability in its operations [1][3] - SEI plays a crucial strategic role in supporting Diversified's acquisitions and operational expansion, with new offices established in Georgia and Massachusetts [2] - The partnership between SEI and Diversified enhances the service offerings to approximately 2,000 client households, focusing on comprehensive financial planning and wealth management [3][5] Company Overview - Diversified, LLC is an SEC Registered Investment Advisor (RIA) with a presence in five states, providing a range of financial services including financial planning, investment management, tax planning, and insurance [8] - As of June 30, 2024, SEI manages, advises, or administers approximately $1.5 trillion in assets, showcasing its extensive capabilities in the financial services industry [7] Strategic Partnership - The integration of SEI's technology and custody solutions is pivotal for Diversified's growth strategy, allowing the firm to focus on client satisfaction and operational efficiency [4][5] - SEI's commitment to enabling advisors to operate more efficiently is reflected in the ongoing expansion of its relationship with Diversified, which supports the growth of advisory enterprises [5][6]

Breadth of Capabilities and Strength of Global Operations to Help Accelerate Growth OAKS, Pa., Sept. 9, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that it exceeded $1.5 trillion in alternative assets under administration1, 2 in its Investment Managers business, which services private equity, private credit, venture capital, hedge, real estate, and infrastructure funds. As the largest private credit fund administrator by assets globally,3 SEI's clients include 43 of the top 100 largest investmen ...

Core Insights - SEI's Advisors' Inner Circle Fund series trust has reached $100 billion in net assets, supporting 47 clients and 128 funds, showcasing its growth and operational capabilities [1][2] - The AIC has evolved from mutual funds to include ETFs, interval, and tender-offer funds, establishing itself as a leading turnkey platform for '40 Act vehicles [2] - The ETF market has seen significant growth, with assets increasing by 25% year-over-year, totaling $9.2 trillion across 3,618 funds [3] - Interval and tender-offer funds have also experienced robust growth, with net assets increasing by 24.2% from Q1 2023 to Q1 2024, gaining $10.6 billion in net assets during the first quarter of 2024 [3][4] - Investment managers are increasingly outsourcing fund operations to focus on investment expertise and business growth, capitalizing on shifting investor preferences [3][4] Company Overview - SEI provides technology and investment solutions across investment processing, operations, and asset management, managing approximately $1.5 trillion in assets as of June 30, 2024 [5] - The Investment Managers business of SEI offers advanced operating infrastructure to help investment organizations compete in a challenging landscape, partnering with over 320 asset managers, including 43 of the top 100 worldwide [6]

Core Insights - SEI has expanded its Separately Managed Account (SMA) and Unified Managed Account (UMA) solutions by introducing new investment strategies, including fixed income-based direct indexing and dividend-focused equity options, in response to client feedback [1][2] - The UMA segment has shown significant growth, with assets increasing at an annual rate of 34% over the past five years, and continued strong growth is anticipated in the next four years [2][5] - The new strategies aim to enhance control, transparency, and tax efficiency for clients, aligning with SEI's commitment to innovation based on client needs [4][5] Investment Strategies - The new investment strategies include: - Systematic U.S. Aggregate Bond Core strategy, targeting exposure to the U.S. aggregate fixed-income market [2] - Systematic Municipal Bond Core strategy, focusing on the intermediate municipal bond market [2] - Systematic U.S. Dividend Yield Core strategy, aiming for returns similar to a dividend yield-focused index [2] - U.S. Dividend Yield (Multi-Factor SMA) strategy, utilizing a quantitative approach to deliver income while maintaining long-term capital appreciation [2] Client-Centric Approach - SEI emphasizes a client-centric approach, stating that the development of new strategies is based on careful listening to client feedback [4] - The company aims to provide advisors with greater choice and flexibility in client recommendations, enhancing the overall value proposition for clients [2][3] Market Position - As of June 30, 2024, SEI manages, advises, or administers approximately $1.5 trillion in assets, showcasing its significant presence in the financial services industry [6]

SEI Sphere Recognized for Advancements in Network Security, Threat Intelligence, and Managed Security Services Capabilities Company Contact: Media Contact: Emily Baldwin Kerry Mullen SEI Vested +1 610-676-3262 +1 201-674-4185 [email protected] [email protected] OAKS, Pa., July 31, 2024 /PRNewswire/ -- SEI® (NASDAQ: SEIC) today announced the company has been recognized with three awards for SEI Sphere®, which provides comprehensive cybersecurity and IT solutions designed to protect and optimize enterprise te ...

Integration Enhances Operational Efficiency and User Experience for Family Offices Sandy Ewing, Head of SEI's Family Office Services business, said: "Investors expect a personalized wealth management experience tailored to meet their individual financial goals, and alternatives can play an important role in portfolio diversification. Family offices require solutions that help make alternatives data more accessible and accurate given the complex and historically manual nature of the ongoing data management p ...

Financial Performance - Revenues for the three months ended June 30, 2024, increased by 6% to $518.986 million compared to $489.057 million in 2023, while revenues for the six months rose by 8% to $1.030565 billion from $958.176 million [122]. - Net income for the three months ended June 30, 2024, was $139.120 million, a 17% increase from $118.851 million in 2023, and for the six months, net income rose by 20% to $270.520 million from $225.866 million [122]. - Total revenues increased by $11.0 million, or 10%, in the three-month period and by $27.2 million, or 13%, in the six-month period, primarily driven by increased investment processing fees and management fees [138]. - Operating income increased by $2.3 million, or 12%, in the three-month period and by $11.0 million, or 41%, in the six-month period ended June 30, 2024 [137]. Assets and Administration - Average assets under administration increased by $131.4 billion, or 15%, to $983.6 billion in the first six months of 2024, compared to $852.2 billion in the same period of 2023 [123]. - Total assets under management as of June 30, 2024, reached $470.525 billion, a 13% increase from $417.967 billion in 2023 [126]. - Client assets under administration increased by 16% to $1.020976 trillion as of June 30, 2024, compared to $877.724 billion in 2023 [126]. - Total assets under management increased by 13% to $466.5 billion for the three months ended June 30, 2024, compared to $411.4 billion in the same period of 2023 [130]. - Client assets under administration rose by 16% to $1,005.4 billion for the three months ended June 30, 2024, from $863.6 billion in the prior year [130]. Revenue Sources - The SEI Integrated Cash Program generated $10.1 million in revenue during Q2 2024 and $19.7 million in the first six months of 2024 [123]. - Revenues for Private Banks remained flat at $132.4 million for the three months ended June 30, 2024, while increasing by 4% to $262.5 million for the six months ended June 30, 2024 [134]. - Investment Advisors' revenues grew by 10% to $120.6 million for the three months ended June 30, 2024, and by 13% to $243.3 million for the six months ended June 30, 2024 [134]. - Institutional Investors' revenues decreased by 5% to $71.5 million for the three months ended June 30, 2024, and by 4% to $143.3 million for the six months ended June 30, 2024 [134]. - Investment Managers' revenues increased by 13% to $179.9 million for the three months ended June 30, 2024, and by 12% to $352.5 million for the six months ended June 30, 2024 [134]. - Total revenues from SEI Family Office Services increased by 15% to $14.6 million in the three-month period and by 13% to $28.9 million in the six-month period [143]. Operating Expenses - Operating expenses rose by 3% to $768.200 million for the six months ended June 30, 2024, primarily due to higher personnel costs and inflation [122]. - Corporate overhead expenses rose to $33.3 million in Q2 2024 from $32.4 million in Q2 2023, primarily due to severance costs and technology upgrades [144]. - Stock-based compensation expense increased to $23.5 million in the first half of 2024, up from $15.5 million in the same period of 2023, due to new equity awards [153]. Cash Flow and Capital Expenditures - Net cash provided by operating activities increased to $227.0 million for the six months ended June 30, 2024, compared to $182.5 million in the same period of 2023, reflecting a $44.6 million increase primarily from higher net income [158]. - Cash and cash equivalents at the end of the period were $768.6 million, down from $777.4 million at the end of June 2023, indicating a net decrease of $66.4 million [158]. - Capital expenditures for the first six months of 2024 were $20.8 million, up from $16.5 million in the same period of 2023, reflecting ongoing investments in technology infrastructure [164]. - Total capital outlays for common stock repurchase amounted to $163.8 million in the first six months of 2024, compared to $156.2 million in the same period of 2023 [164]. - Cash dividends paid increased to $120.3 million in the first half of 2024, compared to $114.8 million in the same period of 2023 [164]. Regulatory and Compliance Risks - The company is subject to increased regulatory scrutiny, which could have a material adverse effect on its operations and financial position [171]. - Compliance with economic sanctions and anti-corruption laws may incur higher costs and compliance risks for the company [175]. - The company is subject to various privacy and data protection regulations, including GDPR and CCPA, which involve substantial compliance costs [176]. - Increased regulatory activity affecting financial services firms may significantly impact the company's operations and expenses [177]. - The company engages legal counsel and subject matter experts to review compliance procedures and may incur increased expenses or reduced revenues as a result [178]. - Bank clients are supervised by financial authorities, which may affect their purchasing decisions regarding the company's products and services [179]. - The company has disclosed risks related to capital market fluctuations and interest rate changes in its Annual Report on Form 10-K for the year ended December 31, 2023 [181].

SEI Investments Co.'s (SEIC) second-quarter 2024 earnings of $1.05 per share surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a rise of 18% from the prior-year quarter's level. Net income was $139.1 million, up 17% from the year-ago quarter's level. Our estimate for the metric was $129.4 million. Total revenues were $519 million, up 6% year over year. The rise was driven by higher asset management, administration and distribution fees. However, the top line missed the Zacks Conse ...