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Core Insights - SEI has launched GrowthLink, a practice management hub aimed at helping Canada-based advisors enhance client value and drive business growth through actionable tools [4][5] - The initiative focuses on five key practice management themes, designed to provide on-demand resources for advisors to implement actionable ideas [1][4] - SEI manages approximately CAD $2 trillion in assets as of March 31, 2024, indicating its significant presence in the financial services industry [5][6] Group 1 - GrowthLink aims to assist advisors in achieving business goals, gaining referrals, communicating differentiated messaging, finding ideal clients, and coaching through biases [4][5] - The platform is part of SEI's broader strategy to expand practice management capabilities globally, providing resources for advisors of all sizes [2][4] - Shauna Mace, Head of Practice Management, emphasized that GrowthLink will enable advisors to deepen client relationships with tailored advice [5] Group 2 - SEI's Canadian business, founded in 1983, offers integrated investment management and strategic advice solutions to institutional investors and intermediaries [6] - The company provides multi-manager, globally diversified strategies with a focus on appropriate home-country bias for Canadian retail investors [6] - SEI's investment approach includes goals-based strategies, strategic asset allocation strategies, and asset class funds available through select dealer relationships [6]

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OAKS, Pa., May 29, 2024 /PRNewswire/ -- The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on May 29, 2024 declared a regular semi-annual dividend of $0.46 per share. The cash dividend will be payable to shareholders of record on June 10, 2024, with a payment date of June 18, 2024. About SEI® SEI (NASDAQ: SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works wi ...

It has been about a month since the last earnings report for SEI Investments (SEIC) . Shares have added about 1.9% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is SEI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. SEI Investments Q1 Earnings Beat as Revenues & A ...

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, 2024 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 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Alex Whitelam - Investor Relations Ryan Hicke - Chief Executive Officer Dennis McGonigle - Chief Financial Officer Paul Klauder - Executive Vice President & Head of Advisor Business Conference Call Participants Owen Lau - Oppenheimer Jeff Schmitt - William Blair Ryan Kenny - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. Welcome to the SEI's First Quarter 2024 Earni ...

Financial Performance - Diluted earnings per share increased by 25% to $0.99 in Q1 2024 from $0.79 in Q1 2023[2] - Total revenues for Q1 2024 were $511.6 million, a 9% increase from $469.1 million in Q1 2023[3] - Net income rose by 23% to $131.4 million in Q1 2024 compared to $107.0 million in Q1 2023[3] - Cash flow from operations was $112.3 million, and free cash flow was $92.9 million in Q1 2024[7] Assets Under Management - Average assets under management increased by $8.1 billion, or 5%, to $175.9 billion in Q1 2024 from $167.8 billion in Q1 2023[7] - Total assets under management increased to $443.576 billion as of March 31, 2024, up from $431.990 billion in the previous quarter, representing a growth of 2.7%[18] - Client assets under administration reached $983.339 billion, an increase from $942.831 billion in the previous quarter, reflecting a growth of 4.3%[18] - Investment Advisors' total platform assets under management rose to $79.437 billion, up from $76.446 billion, marking a 3.9% increase[18] - Private Banks' total assets under management were $28.020 billion, slightly down from $28.416 billion, a decrease of 1.4%[18] - Institutional Investors' total assets under management stood at $78.149 billion, a decrease from $78.943 billion, reflecting a decline of 1.0%[18] - Average assets under management for Investment Managers increased to $156.944 billion in Q1 2024, up from $149.756 billion in Q4 2023, a growth of 4.5%[22] - New Businesses' total assets under management grew to $2.492 billion, up from $2.383 billion, representing a 4.6% increase[18] Revenue Segments - Revenues from the Investment Managers segment increased by 12% to $172.7 million in Q1 2024[5] - Operating profit for the Private Banks segment surged by 103% to $17.2 million in Q1 2024[5] Capital Expenditures - Capitalized software development costs were $6.3 million in Q1 2024, with $3.8 million allocated for enhancements to the SEI Wealth Platform[7] Shareholder Actions - The company repurchased 808 thousand shares for $56.0 million at an average price of $69.32 per share during Q1 2024[7] Additional Assets - The company administered an additional $11.0 billion in Funds of Funds assets, which do not generate administration fees[20] - Equity and fixed-income programs included $6.4 billion of assets invested in various asset allocation funds as of March 31, 2024[19] Client Advisement - Client assets under advisement for Institutional Investors increased to 6,862 million, up from 6,120 million, a growth of 12.1%[18]

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, 2023 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 ________________________________________ ________________________________________ SEI INVESTMENTS COMPANY (Exact name of R ...

SEI Investments Company (NASDAQ:SEIC) Q4 2023 Earnings Call Transcript January 31, 2024 4:30 PM ET Company Participants Alex Whitelam - IR Ryan Hicke - CEO Dennis McGonigle - CFO Sanjay Sharma - EVP and Global Head of Private Banking & Wealth Management Paul Klauder - EVP and Head of Advisor Business Phil McCabe - EVP and Head of Investment Manager Services Conference Call Participants Crispin Love - Piper Sandler Ryan Kenny - Morgan Stanley Owen Lau - Oppenheimer Mike Brown - KBW Operator Ladies and gentle ...