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 ...

SEI Investments (SEIC) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.83%. A quarter ago, it was expected that this investment management firm would post earnings of $1.07 per share when it actually produced earnings of $1.19, delivering a surprise of 11.21%.Over the last four qua ...

Investor contact: Media contact: Brad Burke Leslie Wojcik SEI SEI +1 610-676-5350 +1 610-676-4191 bburke2@seic.com lwojcik@seic.com Pages: 10 FOR IMMEDIATE RELEASE SEI Reports Fourth-Quarter 2024 Financial Results OAKS, Pa., Jan. 29, 2025 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth quarter 2024. Relative to the fourth quarter 2023, EPS increased by 31%, and revenue and operating income grew by 15% and 43%, respectively, with operating margins increasing to 26%. C ...

OAKS, Pa., Jan. 29, 2025 /PRNewswire/ -- SEI Investments Company (NASDAQ: SEIC) today announced financial results for the fourth quarter 2024. Relative to the fourth quarter 2023, EPS increased by 31%, and revenue and operating income grew by 15% and 43%, respectively, with operating margins increasing to 26%. Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended December 31, For the Twelve Months Ended December 31, 2024 2023 % 2024 2023 % ...

Group 1 - SEI has appointed three key leaders in Luxembourg to enhance its global operations and drive growth, reflecting the company's strategic focus [1][2] - SEI ranks seventh among 129 fund administrators for assets under administration (AUA) in Luxembourg and is the largest private credit fund administrator globally [1][3] - The company has surpassed $1.5 trillion in alternative AUA in its Investment Managers business and has opened new office space in Dublin to support global growth [2][4] Group 2 - Claire Matteucci has been appointed as Head of Depositary, bringing nearly 20 years of experience in the industry [6] - Manuel Martin de Rosales serves as Conducting Officer, responsible for compliance and risk, with a background in compliance at Brookfield Asset Management and Oaktree Capital Management [6] - Laurent Scherer is the new Business Development Director, focusing on client engagement and service development, with extensive experience in fund administration and asset services [6] Group 3 - SEI manages, advises, or administers approximately $1.6 trillion in assets as of September 30, 2024, showcasing its significant presence in the financial services industry [4] - The company partners with over 320 traditional and alternative asset managers, including 43 of the top 100 asset managers worldwide [7]

Strategic Partnership Overview - SEI and Attivo Investments announced a strategic partnership to deliver scalable and efficient investment services tailored to advisers and their clients [1] - The partnership leverages SEI's Co-CIO solution to support Attivo Investments' in-house team in developing a sophisticated investment approach [1] - SEI will provide business support to help power Attivo Investments' growth [1] Market Context and Growth - Assets in discretionary managed portfolio services (MPS) in the UK grew by 36% in the 12 months prior to September 2024 [2] - The Co-CIO structure supports MPS propositions by ensuring investor priorities drive every decision, blending strategic vision with operational execution [2] Portfolio Strategies - Low Cost: Six strategies designed with a light goals-based framework focused on preservation and accumulation, leveraging passive investment building blocks [6] - Core: Seven strategies designed with a heavily goals-based framework focused on preservation, accumulation, and withdrawal, utilizing a manager-of-managers approach [6] - APEX: Six unconstrained strategies designed for high-net-worth and experienced investors, including additional asset classes like private equity or hedge funds [6] Company Statements - Charlotte Watson, Chief Investment Officer at Attivo Investments, emphasized the collaboration with SEI as a commitment to delivering exceptional value to financial planners and their clients [2] - Ian Love, Head of Asset Management for EMEA at SEI, highlighted the importance of personalization and access in meeting investors' financial goals [3] - SEI's Co-CIO approach empowers Attivo Investments to deliver personalized portfolios at scale, meeting the diverse needs of financial planners' clients [4] About SEI - SEI delivers technology and investment solutions across investment processing, operations, and asset management [5] - As of September 30, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets [5] About Attivo Investments - Attivo Investments is a modern investment firm focused on goal-based investing, designed exclusively to support financial planners and their clients [7] - The company's portfolios align with financial planning goals such as preservation, accumulation, and withdrawal [7] - Attivo Investments delivers institutional-grade expertise and access to world-class investment strategies through a strategic partnership with a global investment brand [8] - The company provides competitive, outcome-focused model portfolios that are simple, flexible, and aligned with Consumer Duty principles [9]

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