Core Insights - Glucose Health, Inc. has appointed Edmund (Ned) Burke to its Board of Directors, bringing over 40 years of experience in financial services [1][5] - Mr. Burke's previous role as CEO of ALPS Distributors, Inc. involved significant growth and expansion in the distribution of closed-end funds and ETFs [2][4] - His leadership at ALPS resulted in an increase in Assets Under Management (AUM) from $15 million to $225 million, achieving a compound annual growth rate of 19.79% over approximately 15 years [4] Company Developments - Mr. Burke's appointment is expected to enhance Glucose Health's growth strategy and shareholder value [5] - The CEO of Glucose Health, Mark Schaftlein, emphasized that Mr. Burke's interests align with those of the broader shareholder base, indicating a strong commitment to the company's long-term objectives [5] Industry Impact - Mr. Burke's extensive experience in building and scaling financial organizations is anticipated to be invaluable for Glucose Health as it continues to expand operations [5] - His recognition in the financial services industry, including the NOVA Award in 2016, highlights his contributions and innovation within the sector [3]

Core Insights - Glucose Health, Inc. has appointed Edmund (Ned) Burke to its Board of Directors, bringing over 40 years of experience in financial services [1][5] - Mr. Burke's previous role as CEO of ALPS Distributors, Inc. involved significant growth and expansion in the distribution of closed-end funds and ETFs [2][4] - His leadership at ALPS resulted in an increase in Assets Under Management (AUM) from $15 million to $225 million, achieving a compound annual growth rate of 19.79% over approximately 15 years [4] Company Overview - Glucose Health, Inc. aims to enhance shareholder value and expand operations with the strategic addition of Mr. Burke to its leadership team [5] - The company is focused on aligning the interests of its board members with those of its broader shareholder base, as highlighted by Mr. Burke's status as one of the largest shareholders [5] Industry Impact - Mr. Burke's extensive experience in building and scaling financial organizations is expected to contribute significantly to the growth strategy of Glucose Health, Inc. [5] - His recognition in the financial services industry, including the NOVA Award in 2016, underscores his leadership and innovation capabilities [3]

Core Insights - SEI Investments (SEIC) reported revenue of $578.51 million for the quarter ended September 2025, marking a year-over-year increase of 7.7% and an EPS of $1.30 compared to $1.19 a year ago, with an EPS surprise of +4% [1][3] Financial Performance - Revenue of $578.51 million represents a slight miss of -0.17% against the Zacks Consensus Estimate of $579.5 million [1] - The company’s shares have returned -4.3% over the past month, contrasting with the Zacks S&P 500 composite's +1.1% change [3] Assets Under Management - Investments in New Business: $3.24 billion, slightly below the $3.29 billion average estimate [4] - Investment Advisors: $88.64 billion, exceeding the $86.94 billion average estimate [4] - Private Banks: $31.21 billion, slightly above the $31.17 billion estimate [4] - Institutional Investors: $84.26 billion, below the $84.63 billion average estimate [4] - LSV - Equity and Fixed Income programs: $95.8 billion, surpassing the $93.64 billion average estimate [4] Revenue Breakdown - Revenue from Investment Advisors: $147.47 million, a +16.3% change year-over-year, exceeding the $143.82 million estimate [4] - Revenue from Investment Managers: $207.05 million, a +12.2% change year-over-year, above the $204.78 million estimate [4] - Revenue from Private Banks: $143.99 million, a +3.8% change year-over-year, slightly below the $145.32 million estimate [4] - Revenue from Institutional Investors: $71.83 million, a +0.3% change year-over-year, close to the $72.05 million estimate [4] - Revenue from Information processing and software servicing fees: $116.55 million, a +2.7% change year-over-year, below the $122.9 million estimate [4] - Revenue from Asset management, administration and distribution fees: $461.96 million, a +9% change year-over-year, slightly above the $461.68 million estimate [4]

Financial Data and Key Metrics Changes - SEI reported an EPS of $1.30, marking an all-time high excluding one-time items, with earnings growth of 8% sequentially and 17% year over year [4][13] - Net sales events totaled $31 million, with a record sales quarter in Investment Manager Services, reflecting strong demand for outsourcing and client expansions [5][10] - Year-to-date net sales surpassed $100 million, a record for SEI through the third quarter [10] Business Line Data and Key Metrics Changes - Private banking revenue increased by 4% year over year, driven by growth in the SWP platform [14] - Investment Manager Services experienced double-digit revenue and operating profit growth, with alternatives showing robust growth in both the U.S. and EMEA [14] - Advisors' business posted the highest year-over-year revenue growth among all segments, supported by market appreciation and the integrated cash program [14] Market Data and Key Metrics Changes - Assets under administration grew broadly across CITs, alternatives, and traditional funds, with alternatives driving the majority of growth [18] - Assets under management increased, with modestly positive net flows in advisors, driven by growth in ETFs and SMAs [18] Company Strategy and Development Direction - SEI is focused on disciplined execution, transparent communication, and creating long-term value for clients and shareholders [4] - The company is investing in technology, automation, and talent to drive margin expansion and support future growth [11][20] - SEI is well-positioned in the outsourcing fund administration market, engaging with large alternative asset managers [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sales pipeline and the ability to capitalize on growth opportunities, despite a recent contract loss in private banking being a one-off event [10][27] - The company is optimistic about the impact of AI and tokenization initiatives on efficiency and scalability [11] Other Important Information - SEI ended the quarter with $793 million in cash and no net debt, with share repurchases totaling $142 million in Q3 [19][20] - The company made a $50 million investment in LSV's market-neutral hedge fund, contributing positively to Q3 results [20] Q&A Session Summary Question: Sales events from alternatives - Management noted that two-thirds of sales events were from alternatives, with a mix of large and small clients contributing to this growth [23][25] Question: Details on the known contract loss in private banking - Management clarified that the contract loss was a one-off due to a major operating model change by the client, not indicative of a trend [26][27] Question: Integrated cash program and fixed rates - The company is currently earning about 370 basis points on the integrated cash program and is monitoring investor yields as rates change [32] Question: Expense growth in private banking - Management indicated that the expense growth is related to investments in talent and onboarding new clients, not unusual [34][35] Question: Future margin expectations for Investment Manager Services - Management expects strong margins going forward but acknowledges the need for ongoing investments [40] Question: International market strategy - The company is in the early phases of defining its go-to-market strategy for international markets, focusing on existing jurisdictions [46][47] Question: Buyback pace and Stratos acquisition - Management plans to return 90% to 100% of free cash flow to shareholders through dividends or buybacks, with the pace of buybacks expected to continue [50] Question: Impact of credit fears on private credit servicing - Management reported no significant impact on the private credit servicing pipeline, as their clients are well-positioned to manage credit risk [51][53] Question: High-risk relationships in private banking - Management stated there are currently no known high-risk relationships in the private banking portfolio [57][59]

Core Insights - SEI Investments (SEIC) is expected to report quarterly earnings of $1.25 per share, reflecting a 5% increase year-over-year, with revenues projected at $579.5 million, a 7.8% increase from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 1.6% in the last 30 days, indicating analysts' reassessment of their initial projections [2] - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenue- Investment Advisors' will reach $143.82 million, a 13.4% increase year-over-year [5] - 'Revenue- Investment Managers' is forecasted at $204.78 million, indicating a 10.9% year-over-year change [5] - 'Revenue- Private Banks' is expected to be $145.32 million, reflecting a 4.8% increase from the previous year [5] - 'Revenue- Investments in New Business' is projected at $13.51 million, showing a decline of 13.4% year-over-year [6] Assets Under Management - 'Assets under management - Investment Advisors' is expected to reach $86.94 billion, up from $81.15 billion year-over-year [7] - 'Assets under management - Private Banks' is projected at $31.17 billion, compared to $29.52 billion last year [7] - 'Assets under management - Institutional Investors' is estimated at $84.63 billion, up from $81.08 billion year-over-year [8] - 'Assets under management - Investment Managers' is forecasted at $231.23 billion, an increase from $204.66 billion last year [9] Client Assets Under Administration - 'Client assets under administration - Investment Managers' is expected to reach 1,171,891, compared to 1,022,515 in the same quarter last year [9] - 'Client assets under administration - Private Banks' is projected at 8,578, up from 8,349 year-over-year [10] Stock Performance - SEI shares have decreased by 6.2% in the past month, contrasting with the S&P 500 composite's increase of 1.2%, but SEIC holds a Zacks Rank 1 (Strong Buy), indicating expected outperformance in the near term [11]

Core Insights - The CEF/ETF Income Laboratory focuses on managing closed-end fund (CEF) and exchange-traded fund (ETF) portfolios that target safe and reliable yields of approximately 8% [1][2] - The service provides managed portfolios, actionable income and arbitrage recommendations, and in-depth analysis, catering to both active and passive investors [2] Group 1 - The investment group includes experts who assist members in benefiting from income and arbitrage strategies in CEFs and ETFs [2] - The community consists of over a thousand members who are actively seeking the best income ideas [2] - The majority of holdings in the portfolios are monthly-payers, which enhances compounding and smooths income streams [2] Group 2 - Nick Ackerman, a former financial advisor with over 14 years of personal investing experience, provides coverage on CEFs and ETFs [3]

Group 1 - The importance of adjusting spending habits post-retirement to avoid depleting savings [3][4] - The need to modify investment strategies as retirement approaches, shifting from high-risk to more stable options like bonds [5] - The significant increase in healthcare costs for retirees, with projections indicating an average of $172,500 in medical expenses for a 65-year-old retiring this year, compared to $80,000 in 2002 [8]

Group 1 - The Value Lab focuses on long-only value investment ideas, aiming for a portfolio yield of about 4% and has performed well over the last 5 years by engaging in international markets [1][2] - Raymond James has experienced a positive trend in dealmaking, particularly with an increase in megadeals, although it is perceived as somewhat conservative [2] - The Valkyrie Trading Society consists of analysts sharing high conviction investment ideas that are expected to yield non-correlated and outsized returns in the current economic environment [3]

Investment Opportunities in Gold and Alternative Assets - Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, combining tax advantages with the protective benefits of gold investment, making it attractive for hedging against economic uncertainties [1] - The price of gold has surged past $4,000 per ounce, driven by investor enthusiasm, indicating a strong demand for gold as an asset [2] - Historically, gold has served as a hedge against inflation and market volatility, with 45% of wealthy young investors owning gold as a physical asset and another 45% interested in it [3] Shift in Investment Preferences Among Younger Investors - A younger generation is showing a preference for alternative investments outside the traditional stock market, with 93% of wealthy young Americans planning to allocate more of their portfolios to alternatives in the coming years [3][4] - More than 72% of younger investors believe achieving above-average returns solely through traditional stocks and bonds is no longer possible, leading to increased interest in art as an alternative investment [6] - Fine art has historically outperformed the S&P 500, with contemporary art achieving an annual return of 11.5% from 1995 to 2023, compared to the S&P 500's 9.6% during the same period [7] Real Estate as a Growing Investment Sector - Real estate is viewed as a solid portfolio hedge, with 31% of younger investors identifying it as presenting the greatest opportunities for growth [10] - High-net-worth individuals hold over $6 trillion in real estate assets, indicating significant wealth concentration in this sector [10] - New investment platforms are making it easier for both accredited and non-accredited investors to access real estate markets, with options like fractional shares in commercial properties and residential home equity investments [11][12][13] Cryptocurrency's Mainstream Acceptance - Cryptocurrency has gained mainstream acceptance, with a global market cap of $3.68 trillion, driven by interest from wealthy millennials and Gen Z [16] - In a Bank of America survey, 29% of younger investors identified cryptocurrencies as offering the greatest opportunities for growth, compared to only 7% of older investors [17] - Wealthy young Americans allocate 15% of their portfolios to crypto, significantly higher than the 2% allocation by older generations [17]

Core Insights - The United States added 379,000 new millionaires last year, equating to over 1,000 new millionaires daily [1] Investment Challenges for New Millionaires - Newly wealthy individuals face the challenge of growing and protecting their wealth, as many lose fortunes due to poor financial decisions [2] - Common mistakes include poor tax planning, ignoring conventional investment strategies, and feeling obligated to invest in family or friends' businesses [3] Poor Tax Planning - Effective investing requires attention to tax implications, as failing to adopt tax-efficient strategies can erode wealth over time [4][5] - Investors with large dividend-paying stock portfolios may overlook tax consequences, leading to substantial annual tax bills that diminish overall returns [5] Ignoring Conventional Investment Strategies - New millionaires often deviate from traditional investment models, favoring cryptocurrency, real estate, private equity, and startups over stocks and bonds [6] - This shift reflects a desire to challenge conventional wisdom, but it may compromise long-term financial security [7] Feeling Obligated to Invest in Family/Friend Businesses - Newly wealthy individuals often receive investment opportunities from friends and family, necessitating caution in these decisions [8]