SEI to Host Fireside Chats at Upcoming Industry Conferences
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OAKS, Pa., June 9, 2021 /PRNewswire/ SEI (NASDAQ: SEIC) today announced that the company will virtually attend Piper Sandler s Global Exchange & FinTech Conference and Morgan Stanley s U.S. Financials, Payments & CRE Conference.
Company representatives will participate in a fireside chat at each conference to discuss SEI s strategic direction, business activities and opportunities for growth. SEI will also host one-on-one meetings throughout the day at both conferences. Analysts and portfolio managers who wish to attend these conferences or request a meeting should contact Piper Sandler and Morgan Stanley.
/PRNewswire/ The Board of Directors of SEI Investments Company (NASDAQ: SEIC) on June 2, 2021 declared a dividend of $0.37 (thirty-seven cents) per share..
First-Quarter Business Highlights:
Revenues from Asset management, administration, and distribution fees increased primarily from higher assets under administration in our Investment Managers segment due to market appreciation and positive cash flows from new and existing clients.
Average assets under administration increased $142.4 billion, or 21%, to $821.6 billion in the first-quarter 2021, as compared to $679.2 billion during the first-quarter 2020 (see attached Average Asset Balances schedules for further details).
Average assets under management, excluding LSV, increased $43.2 billion, or 18%, to $280.4 billion in the first-quarter 2021, as compared to $237.2 billion during the first-quarter 2020 (see attached Average Asset Balances schedules for further details).
Net sales events in the Private Banks and Investment Managers segments during first-quarter 2021 were $17.5 million, and are expected to generate net annualized recurring revenues of approximately $13.0 million
SEI’s Collective Investment Trust Business Experiences Significant Growth
PR Newswire
OAKS, Pa.,
March 15, 2021 /PRNewswire/ SEI (NASDAQ:SEIC), a leading global provider of investment processing, investment management, and investment operations solutions, announced today that its collective investment trust (CIT) business has surpassed
$100 billion in assets under administration (AUA) as of
Dec. 31, 2020, representing a 20.5% increase in the firm s AUA from a year ago. Through SEI Trust Company, SEI launched 39 funds across 11 global investment managers, adding over
$17.3 billion in CIT assets in 2020.
The growth of SEI s CIT business is driven by its established turnkey operational platform and experienced, professional staff, enabling investment managers, retirement plans, consultants and advisors an efficient way to gain access to SEI s extensive CIT line-up. SEI s growth is further driven by other industry factors, including continued fee pressure and the d
(7)% Our financial results for 2020 reflect steady recovery from the pandemic s impact on the markets we serve. The health and safety of our workforce continue to be a priority, and I want to thank all of our employees and the firms that support us for helping us stay safe and thrive, said Alfred P. West, Jr., SEI Chairman and CEO. We re living and operating in extraordinary times, but we are unwavering in our focus on executing our long-term strategy to be the provider of choice in the wealth and investment management markets. We believe we have made significant progress on our One SEI approach, making all of our assets available to all of our markets, delivering new, dynamic solutions and creating new opportunities. Our solutions, backed by our talented workforce, are what uniquely position us to capture growth opportunities that will lead to increased shareholder value. Despite 2020 s challenging environment, our investments and success in adding new clients and building our