Financial Performance - SEI reported Q1 2025 revenues of $551.3 million, an 8% increase from Q1 2024's $511.6 million[3] - Operating income for Q1 2025 was $157.1 million, reflecting a 25% growth compared to $125.9 million in Q1 2024[3] - Diluted earnings per share (EPS) rose to $1.17, an 18% increase from $0.99 in the same quarter last year[3] - The operating margin improved to 28% in Q1 2025, up from 25% in Q1 2024, marking the highest level in three years[6] Segment Performance - Investment Managers segment revenues increased by 11% to $192.0 million, with operating profit growth of 19%[5] - Private Banks segment saw a 6% revenue increase to $137.7 million, with operating profit growth of 34%[5] Asset Management - Total assets as of March 31, 2025, were $2.57 billion, down from $2.68 billion at the end of 2024[14] - Total assets under management increased to $485.976 billion by March 31, 2025, up from $476.713 billion in December 2024, representing a growth of approximately 1.8%[18] - Client assets under administration reached $1.084278 trillion as of March 31, 2025, compared to $1.055943 trillion in December 2024, indicating an increase of about 2.7%[18] - The average total assets under management for the first quarter of 2025 were $487.254 billion, reflecting a slight increase from $486.481 billion in the fourth quarter of 2024[22] Sales Events - Net sales events reached $46.6 million in Q1 2025, contributing to a record total of $153.2 million over the trailing 12 months[6] - Net recurring sales events for the first quarter of 2025 totaled $36.840 million, a significant increase from $28.211 million in the fourth quarter of 2024[26] - Total Sales Events for Q1 2024 were $21,285 million, compared to $21,966 million in Q1 2023, indicating a slight decrease of about 3.1%[30] Share Repurchase and Divestment - SEI repurchased 2.5 million shares for $192.8 million at an average price of $77.10 per share during Q1 2025[6] - The company plans to divest $14.6 billion in assets related to the Family Office Services business during the second quarter of 2025[24] Investment Processing - Total revenue from Investment Processing-related Businesses for Q1 2024 was $24,480 million, showing a significant increase from $21,285 million in Q1 2023, representing a growth of approximately 10.6%[30] - Total Investment Processing-related Businesses revenue for Q1 2025 is projected to be $40,250 million, showing an expected increase from Q1 2024[30]

Core Viewpoint - SEI Investments (SEIC) is expected to report quarterly earnings of $1.12 per share, a 13.1% increase year-over-year, with revenues projected at $547.69 million, reflecting a 7.1% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 6.9% in the past 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Revenue Projections - Analysts estimate 'Revenue- Investment Advisors' at $133.40 million, a year-over-year increase of 8.7% [5]. - The consensus for 'Revenue- Investment Managers' is $188.36 million, suggesting a 9.1% year-over-year change [5]. - 'Revenue- Private Banks' is expected to reach $140.19 million, indicating a 7.7% increase from the previous year [5]. - 'Revenue- Investments in New Business' is projected at $15.70 million, reflecting a 9.9% year-over-year growth [6]. Assets Under Management - 'Assets under management - Investments in New Business' is expected to be $2.99 billion, up from $2.49 billion in the same quarter last year [6]. - 'Assets under management - Investment Advisors' is forecasted at $78.75 billion, compared to $79.44 billion in the same quarter last year [7]. - 'Assets under management - Private Banks' is estimated at $28.26 billion, slightly up from $28.02 billion year-over-year [7]. - 'Assets under management - Institutional Investors' is projected at $75.06 billion, down from $78.15 billion in the same quarter last year [8]. - 'Assets under management - LSV - Equity and Fixed Income programs' is expected to be $85.52 billion, compared to $93.62 billion year-over-year [8]. - 'Assets under management - Investment Managers' is likely to reach $197.38 billion, up from $161.86 billion in the same quarter last year [9]. Client Assets Under Administration - 'Client assets under administration - Investment Managers' is estimated at 1,025,964, compared to 959,904 in the same quarter last year [9]. - 'Client assets under administration - Private Banks' is projected to reach 8,350, up from 8,024 year-over-year [10]. Market Performance - SEI shares have decreased by 5.5% in the past month, slightly better than the Zacks S&P 500 composite's decline of 5.6% [11].

Core Points - SEI plans to release its earnings for the first quarter of 2025 on April 23, 2025, after market close [1] - A conference call will be held at 5 p.m. Eastern Time to discuss the financial results [1][2] - The public can listen to the call and access a replay through the company's investor relations website [2] Company Overview - SEI is a leading global provider of financial technology, operations, and asset management services within the financial services industry [3] - The company customizes its solutions to help clients effectively deploy their capital, including money, time, and talent [3] - As of December 31, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets [3]

Core Insights - SEI has launched SEI Access, an alternative investment product marketplace aimed at enhancing the investment experience for wealth managers and financial advisors [1][2] - The platform is designed to provide broader access to alternative investment products, addressing the growing demand for personalization and investment choice among investors [2][3] Group 1: SEI Access Features - SEI Access offers an end-to-end solution that includes automated processing, increased transparency, and educational tools to assist advisors in making informed financial decisions [3][4] - The platform integrates subscription processing capabilities, allowing for efficient execution and investment management directly from the marketplace [6][8] Group 2: Market Reach and Performance - As of December 31, 2024, SEI Access supports over 250 wealth management firms and 165 fund managers, providing access to approximately 300 alternative investment funds [5] - The platform has processed around $4.9 billion in alternative transactions, indicating strong market engagement and adoption [5][8] Group 3: Strategic Investments and Growth - SEI's acquisition of Altigo enhances its capabilities in subscription automation technology, further solidifying its position in the alternatives ecosystem [4] - The company is committed to investing in innovative technologies to improve client solutions and drive growth, as evidenced by its recent acquisition of LifeYield [4]

Core Viewpoint - SEI Investments reported a mixed earnings performance for Q4 2024, with earnings per share slightly missing estimates but showing significant year-over-year growth. The company faces challenges from rising expenses, although revenue and assets under management (AUM) have improved [2][3][4]. Financial Performance - Q4 2024 earnings per share were $1.19, missing the Zacks Consensus Estimate by $0.01, but reflecting a 30.8% increase from the prior year [2]. - Net income for Q4 2024 was $155.8 million, up 29% year-over-year, surpassing the estimate of $151.3 million [2]. - For the full year 2024, earnings per share were $4.41, also missing estimates by $0.01, but up 27.5% year-over-year. Net income increased 25.7% to $581.2 million [3]. Revenue and Expenses - Total revenues for Q4 2024 were $557.2 million, a 14.9% increase year-over-year, driven by higher asset management and service fees, exceeding the Zacks Consensus Estimate of $553.9 million [4]. - For the full year 2024, total revenues reached $2.13 billion, up 10.7% year-over-year, also beating the Zacks Consensus Estimate of $2.12 billion [4]. - Total expenses for Q4 2024 were $411.6 million, a 7.4% increase year-over-year, driven by various cost components, slightly above the estimate of $404.8 million [5]. Assets Under Management - As of December 31, 2024, AUM was $476.7 billion, reflecting a 10.4% increase from the prior year. Client assets under administration (AUA) were $1.06 trillion, up 12% year-over-year [6]. Share Repurchase - In the reported quarter, SEI Investments repurchased 3.1 million shares for $259.5 million at an average price of $83.43 per share [7]. Market Sentiment and Outlook - Estimates for SEI Investments have trended downward over the past month, indicating a potential shift in market sentiment [8]. - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [11].

Core Viewpoint - Aquiline has entered into a definitive agreement to acquire SEI's Family Office Services business, which will operate as Archway post-transaction, leveraging the established Archway Platform brand in the family office market [1][2]. Company Overview - Aquiline is a private investment firm focused on financial services and technology, managing approximately $11.3 billion in assets as of September 30, 2024, and has deployed around $7.0 billion across private equity, venture, and credit strategies [7]. - SEI is a leading global provider of financial technology, operations, and asset management services, managing, advising, or administering approximately $1.6 trillion in assets as of December 31, 2024 [9]. Transaction Details - The total purchase price for the acquisition is $120 million, with the transaction expected to close in late Q2 2025, pending regulatory approval and customary closing conditions [5]. - SEI's Family Office Services business had $723 billion in assets on the Archway Platform as of December 31, 2024, providing technology and outsourced services for family offices [2][6]. Strategic Implications - The acquisition is expected to enhance the growth and adoption of the Archway Platform within the private wealth landscape, as Aquiline aims to invest further in the platform [3][5]. - SEI has committed to investing in areas of its business that drive growth, having made substantial investments in solutions for the family office segment over the past seven years [4].

Financial Performance - Revenues increased by $205.4 million, or 11%, to $2.1 billion in 2024 compared to 2023, while net income rose by $118.9 million, or 26%, to $581.2 million[185]. - Operating profit for the Investment Managers segment increased by $49.2 million, or 22%, in 2024 compared to 2023[209]. - Total other income and expense items, net increased to $195.0 million in 2024 from $170.1 million in 2023, a growth of 15%[219]. - Revenues for LSV increased by 7% to $457.6 million in 2024, up from $426.3 million in 2023, while net income also rose by 7% to $351.8 million[221]. - SEI's proportionate share in the earnings of LSV grew by 7% to $135.7 million in 2024 compared to $126.9 million in 2023[221]. Assets and Administration - Average assets under administration increased by $132.9 billion, or 15%, to $1.0 trillion in 2024, driven by cross sales and new sales within the Investment Managers segment[185]. - Total assets under management increased by 10% to $476.7 billion in 2024, up from $432.0 billion in 2023[202]. - Client assets under administration rose by 12% to $1,055.9 billion in 2024, compared to $942.8 billion in 2023[202]. - Average assets under management for investment managers increased by 27% to $187.8 billion in 2024, compared to $148.4 billion in 2023[204]. - Platform-only assets grew by 44% to $27.6 billion in 2024, up from $19.2 billion in 2023[202]. - Client assets under advisement surged by 62% to $9.0 billion in 2024, compared to $5.6 billion in 2023[205]. Revenue Growth by Segment - Investment Managers segment revenues increased by $83.1 million, or 13%, to $728.4 million in 2024 compared to 2023, with an operating profit margin of 38%[208]. - Private Banks segment revenues rose by $45.1 million, or 9%, to $541.4 million in 2024, with operating income increasing by 69% to $81.0 million[210]. - Investment Advisors segment revenues grew by $73.1 million, or 17%, to $509.4 million in 2024, with an operating margin of 44%[215]. - Institutional Investors segment revenues decreased by $4.0 million, or 1%, to $285.7 million in 2024, but operating income increased by 5% to $131.0 million[216]. - Investments in New Businesses segment revenues increased by $8.0 million, or 15%, to $60.2 million in 2024, driven by growth in SEI Family Office Services and SEI Private Wealth Management[217]. Acquisitions and Investments - SEI acquired LifeYield, LLC for $29.0 million in December 2024, enhancing its technology offerings[185]. - The company acquired LifeYield in 2024, and previously acquired National Pensions Trust and Altigo in 2023, aiming to enhance capabilities and scale competitive presence[196]. - The net cash payment for the acquisition of LifeYield in 2024 was $29.0 million, while in 2023, net cash payments for acquisitions totaled $56.4 million[245]. Operating Expenses and Profitability - Operating expenses rose due to higher personnel costs and inflation, but cost containment measures partially offset these increases[185]. - Corporate overhead expenses increased to $147.6 million in 2024, primarily due to incentive compensation and investments in technology[218]. - The overall profitability may be negatively impacted if strategic investments do not generate timely revenues[195]. Cash Flow and Liquidity - Net cash provided by operating activities increased significantly to $622.3 million in 2024, compared to $447.0 million in 2023, an increase of $175.3 million[239]. - Cash and cash equivalents at the end of 2024 were $840.2 million, slightly up from $835.0 million at the end of 2023[239]. - The company anticipates that available funds and cash flow from operations will be sufficient to meet operational cash needs and fund the stock repurchase program for at least the next 12 months[248]. - The company’s unused sources of liquidity at December 31, 2024, included cash and cash equivalents along with available amounts under its credit facility[247]. Shareholder Returns - SEI repurchased 6.8 million shares at an average price of $74.92 per share, totaling $512.5 million, and paid $120.3 million in dividends in 2024[185]. - Cash dividends paid in 2024 amounted to $120.3 million, with a dividend of $0.92 per share, up from $114.8 million and $0.86 per share in 2023[245]. Taxation - The effective tax rate was 22.2% in 2024, slightly down from 22.3% in 2023[185]. - The effective tax rate for 2024 was 22.2%, a slight decrease from 22.3% in 2023, primarily due to the recognition of tax credits and a reduction in the valuation reserve for net operating losses[229]. Market Outlook - The company anticipates that macroeconomic factors could significantly influence capital markets and, consequently, its revenues and earnings in 2025 and beyond[191].

Core Insights - SEI has expanded its strategic partnerships with Nifty, Jump, and TIFIN Wealth to enhance advisor services, focusing on reducing costs, saving time, and increasing efficiencies for financial advisors [1][2] - The new services include client meeting support, virtual assistant support, and scalable financial planning and risk management tools, aimed at addressing common business challenges faced by advisors [1][2] - SEI's commitment to client-centric solutions is evident in its approach to product design, technology enhancements, and expanding its network of service providers [2] Company Overview - SEI is a leading global provider of financial technology, operations, and asset management services, managing approximately $1.6 trillion in assets as of December 31, 2024 [4] - The company focuses on helping clients effectively deploy their capital—money, time, or talent—to better serve their clients and achieve growth objectives [4] New Partnerships and Services - Jump offers an AI Meeting Assistant that reduces administrative time for advisors while enhancing the client experience through seamless integration with key advisor technology tools [5] - Nifty provides tailored digital marketing, client servicing, and financial planning solutions for registered investment advisors (RIAs), enabling them to streamline operations and focus on client experiences [5] - TIFIN Wealth delivers a personalized investment proposal generation platform that enhances advisors' client views through goals-based planning and financial personality assessments [5]

For the quarter ended December 2024, SEI Investments (SEIC) reported revenue of $557.19 million, up 14.9% over the same period last year. EPS came in at $1.19, compared to $0.91 in the year-ago quarter.The reported revenue represents a surprise of +0.59% over the Zacks Consensus Estimate of $553.94 million. With the consensus EPS estimate being $1.20, the EPS surprise was -0.83%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

SEI Investments Company (NASDAQ: SEIC) Q4 2024 Earnings Presentation Q4 2024 SEI Earnings Presentation Safe Harbor Statement This presentation 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." Our forward-looking statements include our current expectations as to: You should not p ...