SEI(SEIC) - 2023 Q4 - Earnings Call Transcript

Entering first quarter of 2024, we are at a higher beginning asset base. Expenses in Private Banking were down from the third quarter of 2023, reflecting efforts to bring private banking back to higher levels of profitability. On the Investment Managers front, net sales for the quarter were $17.2 million, $15.4 million of which is recurring. During the quarter, we re-contracted 18 clients totaling $30.6 million in annual recurring revenue. Revenue for the quarter was up compared to third quarter, reflecting ...