PART I - FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements.) This section presents SEI Investments Company's unaudited consolidated financial statements for the quarter ended March 31, 2021, encompassing balance sheets, statements of operations, and cash flows [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2021, total assets were $2.15 billion, total liabilities decreased to $321.8 million, and shareholders' equity increased to $1.83 billion Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$2,150,901** | **$2,167,256** | | Cash and cash equivalents | $782,582 | $784,626 | | **Total Liabilities** | **$321,793** | **$427,349** | | Accrued liabilities | $199,235 | $299,845 | | **Total Shareholders' Equity** | **$1,829,108** | **$1,739,907** | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) For Q1 2021, total revenues increased 10% to $455.7 million, with net income rising 19% to $129.5 million, resulting in diluted EPS of $0.89 Q1 2021 vs. Q1 2020 Performance (in thousands, except per share data) | Metric | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Total Revenues | $455,686 | $414,762 | | Income from Operations | $132,837 | $110,228 | | Net Income | $129,470 | $109,242 | | Diluted EPS | $0.89 | $0.72 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations increased to $136.6 million in Q1 2021, while investing activities used $30.7 million and financing activities used $109.5 million, leading to a $2.0 million net cash decrease Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $136,573 | $98,972 | | Net cash used in investing activities | ($30,656) | ($17,352) | | Net cash used in financing activities | ($109,512) | ($165,050) | | Net decrease in cash | ($2,044) | ($94,576) | - The company used **$71.2 million** for the purchase and retirement of common stock in Q1 2021, compared to **$130.6 million** in Q1 2020[26](index=26&type=chunk)[167](index=167&type=chunk) [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, revenue disaggregation, segment performance, the LSV Asset Management equity investment, litigation updates, and the new credit facility - The company's revenue is primarily derived from asset management, administration, and distribution fees, as well as information processing and software servicing fees[113](index=113&type=chunk) - The company holds a **38.8%** partnership interest in LSV Asset Management, accounted for using the equity method, with SEI's share of LSV's earnings at **$33.4 million** in Q1 2021[44](index=44&type=chunk)[46](index=46&type=chunk) - The company provides updates on two key legal matters: the Stanford Trust Company Litigation and the SS&C Advent Litigation, with management not expecting a material adverse effect[91](index=91&type=chunk)[100](index=100&type=chunk) - On April 23, 2021, the company entered into a new five-year, **$325 million** credit facility, replacing the previous agreement[69](index=69&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses Q1 2021 financial performance, highlighting revenue and net income growth driven by market appreciation, segment performance, and LSV affiliate earnings, alongside liquidity and capital resources Q1 2021 Consolidated Performance Summary | Metric | Q1 2021 | Q1 2020 | % Change | | :--- | :--- | :--- | :--- | | Revenues | $455.7M | $414.8M | 10% | | Income from operations | $132.8M | $110.2M | 21% | | Net income | $129.5M | $109.2M | 19% | | Diluted EPS | $0.89 | $0.72 | 24% | - Revenue growth was primarily driven by higher average assets under administration (up **21%** to **$821.6 billion**) and management (up **$43.2 billion** to **$280.4 billion**, excluding LSV), benefiting from market appreciation and positive cash flows[128](index=128&type=chunk) - The company continued its stock repurchase program, buying back **1.2 million** shares for **$66.9 million** in Q1 2021[133](index=133&type=chunk) - The 'One SEI' strategy, a company-wide initiative to integrate and modularize technology platforms, incurred significant costs in 2020, with investments expected to continue through 2021[136](index=136&type=chunk) [Business Segments Analysis](index=35&type=section&id=MD%26A%20Business%20Segments) All business segments reported year-over-year revenue growth, with Investment Managers leading at 17% revenue increase and Private Banks showing a 168% operating profit increase Segment Operating Profit (Loss) (in thousands) | Segment | Q1 2021 | Q1 2020 | % Change | | :--- | :--- | :--- | :--- | | Private Banks | $6,884 | $2,568 | 168% | | Investment Advisors | $58,267 | $49,889 | 17% | | Institutional Investors | $45,341 | $40,936 | 11% | | Investment Managers | $53,399 | $42,340 | 26% | | Investments in New Businesses | ($9,538) | ($7,522) | (27)% | - Investment Managers segment revenue grew **17%** due to higher asset valuations and positive cash flows into alternative and traditional offerings[148](index=148&type=chunk) - Private Banks segment operating profit grew **168%** due to higher revenue and decreased promotion, travel, and non-capitalized SWP-related costs[143](index=143&type=chunk)[145](index=145&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=MD%26A%20Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity, with $785.7 million in cash, secured a new **$325 million** credit facility, and used cash for stock repurchases and dividends in Q1 2021 - On April 23, 2021, the company replaced its credit facility with a new five-year, **$325 million** agreement with a syndicate of lenders led by Wells Fargo[161](index=161&type=chunk) - Cash flow from operations increased to **$136.6 million** in Q1 2021 from **$99.0 million** in Q1 2020, primarily due to higher net income[160](index=160&type=chunk)[166](index=166&type=chunk) - Key uses of cash in Q1 2021 were stock repurchases (**$71.2 million**), dividend payments (**$53.1 million**), and capital expenditures (**$4.2 million**)[167](index=167&type=chunk)[170](index=170&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) There have been no material changes to the company's market risk disclosures since the 2020 Annual Report on Form 10-K - There have been no material changes to the company's market risk disclosures since the 2020 Annual Report on Form 10-K[181](index=181&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective as of March 31, 2021, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[182](index=182&type=chunk) - No material changes to the internal control over financial reporting were identified during the quarter ended March 31, 2021[183](index=183&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings.) The company is party to various legal proceedings, including Stanford Trust and SS&C Advent litigations, with management believing no material adverse effect is probable - The company states that it does not believe the various legal proceedings it is party to are material and that the probability of a material adverse effect from their outcome is remote[184](index=184&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors.) There have been no material changes in risk factors from those disclosed in the 2020 Annual Report on Form 10-K - There have been no material changes in risk factors from those disclosed in the 2020 Annual Report on Form 10-K[185](index=185&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) In Q1 2021, the company repurchased **1.15 million** common shares for **$66.9 million**, with **$125.9 million** remaining for future repurchases Common Stock Repurchases in Q1 2021 | Period | Total Shares Purchased | Average Price Paid per Share | Approximate Dollar Value Remaining Under Program | | :--- | :--- | :--- | :--- | | January 2021 | — | — | $192,827,000 | | February 2021 | 554,000 | $57.44 | $161,010,000 | | March 2021 | 598,000 | $58.72 | $125,888,000 | | **Total Q1** | **1,152,000** | **$58.11** | **$125,888,000** | [Exhibits](index=45&type=section&id=Item%206.%20Exhibits.) This section lists exhibits filed with the Form 10-Q, including the new Credit Agreement, CEO and CFO certifications, and XBRL interactive data files - Key exhibits filed include a new Credit Agreement, CEO and CFO certifications (Rule 13a-15(e)/15d-15(e) and Section 1350), and XBRL data files[188](index=188&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 0-10200 ________________________________________ ________________________________________ SEI INVESTMENTS COMPANY (Exact name of Registrant as Specified in Its Charter) 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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tran ...

SEI Investments Company (NASDAQ:SEIC) Q4 2020 Earnings Conference Call January 27, 2021 4:30 PM ET Company Participants Al West - Chairman and CEO Dennis McGonigle - CFO Kathy Heilig - Controller Paul Klauder - EVP, Head of the Institutional Group Steve Meyer - EVP, Head of Global Wealth Management Services Wayne Withrow - EVP, Independent Advisor Solutions by SEI Conference Call Participants Ryan Kenny - Morgan Stanley Chris Donat - Piper Sandler Robert Lee - KBW Chris Shutler - William Blair Owen Lau - Op ...

SEI Investments Company (NASDAQ:SEIC) Q3 2020 Earnings Conference Call October 21, 2020 4:30 PM ET Company Participants Al West - Chairman & Chief Executive Officer Dennis McGonigle - Chief Financial Officer Kathy Heilig - Controller Paul Klauder - Executive Vice President, Head of the Institutional Group Steve Meyer - Executive Vice President, Head of Global Wealth Management Services Wayne Withrow - Executive Vice President, Independent Advisor Solutions by SEI Conference Call Participants Ryan Kenny - Mo ...

SEI Investments Company (NASDAQ:SEIC) Q2 2020 Results Earnings Conference Call July 22, 2020 4:30 PM ET Company Participants Al West - Chairman, Chief Executive Officer Dennis McGonigle - Executive Vice President, Chief Financial Officer Steve Meyer - Executive Vice President, Head of Global Wealth Management Services Wayne Withrow - Executive Vice President, Independent Advisor Solutions by SEI Paul Klauder - Executive Vice President, Head of the Institutional Group Kathy Heilig - Chief Accounting Officer, ...

SEI Investments Company (NASDAQ:SEIC) Q1 2020 Results Conference Call April 23, 2020 4:30 PM ET Company Participants Al West - Chairman and CEO Dennis McGonigle - CFO Kathy Heilig - Controller Steve Meyer - EVP, Head of Global Wealth Management Services Wayne Withrow - Head of Independent Advisor Solutions Paul Klauder - EVP, Head of the Institutional Group Conference Call Participants Chris Shutler - William Blair Robert Lee - KBW Chris Donat - Piper Sandler Glenn Greene - Oppenheimer Sam Hoffman - Lincoln ...

SEI Investments Company (NASDAQ:SEIC) Q3 2019 Earnings Conference Call October 23, 2019 4:30 PM ET Company Participants Al West - Chairman & Chief Executive Officer Dennis McGonigle - Chief Financial Officer Kathy Heilig - Controller Paul Klauder - Executive Vice President & Head-Institutional Group Steve Onofrio - Head of Sales and Service for the Investment Advisors Segment Steve Meyer - Executive Vice President, Head of Global Wealth Management Services Conference Call Participants Robert Lee - KBW Chris ...

SEI Investments Company (NASDAQ:SEIC) Q2 2019 Earnings Conference Call July 24, 2019 4:30 PM ET Company Participants Al West – Chairman and Chief Executive Officer Dennis McGonigle – Chief Financial Officer Steve Meyer – Executive Vice President, Head of Global Wealth Management Services Wayne Withrow – Executive Vice President, Head-Independent Advisor Solutions Kathy Heilig – Vice President, Chief Accounting Officer and Controller Paul Klauder – Executive Vice President and Head-Institutional Group Confer ...

| --- | --- | |-------------------------------------------------------------------------------------|-------------------------| | | | | SEI Investments Company | New ways. New answers." | | Dennis McGonigle, Chief Financial Officer | | | Kathy Heilig, Controller 2019 KBW REAL ESTATE FINANCE & ASSET MANAGEMENT CONFERENCE | | | MAY 30, 2019 | | | | | | | | | | | About SEI Founded in 1968 of innovation and growth | --- | --- | --- | |------------------------|----------------------|----------------------------- ...

SEI Investments Company (NASDAQ:SEIC) Q1 2019 Earnings Conference Call April 24, 2019 4:30 PM ET Company Participants Alfred West - Chairman and Chief Executive Officer Dennis McGonigle - Executive Vice President and Chief Financial Officer Steve Meyer - Executive Vice President, Head of Global Wealth Management Services Wayne Withrow - Executive Vice President, Independent Advisor Solutions by SEI Paul Klauder - Executive Vice President, Head of Institutional Group Kathy Heilig - Chief Accounting Officer a ...