What factors drove the changes in SEI Investments's revenue and profit?

What is SEI Investments's latest dividend and current dividend yield?

Did SEI Investments beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for SEI Investments year over year?

What is the market's earnings forecast for SEI Investments next quarter?

What guidance did SEI Investments's management provide for the next earnings period?

What were the key takeaways from SEI Investments’s earnings call?

What were the key takeaways from SEI Investments's earnings call?

- **Record Earnings**: Q4 EPS of $1.33, highest in SEI's history, fueled by $44 million in sales events and broad-based segment growth.
- **Strategic Growth**: Stratos partnership expanded reach, with $5 million Q4 revenue and future updates expected.
- **Margin Strength**: Private Banking margins in high teens due to professional services, offsetting Q1 2026 expenses from pipeline investments.
- **Capital Discipline**: $616 million share buybacks in 2025, maintaining 90-100% free cash flow return commitment.
- **Pipeline Momentum**: IMS targeting large alternative managers, with updates by April 2026, and Stratos-driven expansion in RIA channels.

**【CEO Summary Section】**
- **Record Earnings Performance**: Q4 EPS of $1.33, highest quarterly earnings in SEI's history, driven by broad-based growth across all segments.
- **Sales Momentum**: $44 million in total sales events, with Private Banking contributing $28 million, marking one of the strongest quarters ever.
- **Strategic Partnerships**: Stratos partnership expanded SEI's reach in RIA and broker-dealer channels, with $5 million in Q4 revenue and potential for future growth.
- **Pipeline Strength**: IMS pipeline includes large alternative managers, with updates expected by April 2026 earnings call.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $420 million, Non-GAAP EPS of $1.08, and $101 million in share repurchases, ending the year with $400 million in cash and no debt.
- **Unusual Items**: $20 million in severance and M&A fees offset by $3 million tax benefit and $3 million revenue accrual true-up.
- **Capital Allocation**: Committed to returning 90-100% of free cash flow via dividends and buybacks, with $616 million repurchased in 2025.

**【Q&A Key Highlights】**
- **Sales Events Breakdown**: 2/3 of IMS sales from alternative managers, driven by new wins and cross-sells; Private Banking's $28 million from professional services and SWP wins.
- **Professional Services Impact**: Margins in Private Banking expected to stay in high teens due to higher-margin professional services, with projects spanning 12-18 months.
- **Expense Management**: Q1 2026 may see margin compression due to hiring for pipeline execution and amortization of Stratos intangibles.
- **Stratos Integration**: Full consolidation expected in Q1 2026, with ongoing acquisitions to expand Stratos's advisory network.
- **U.K. Institutional Business**: Strategic importance remains, with leadership changes and focus on improved operating model.

SEI Investments Company (SEIC) Q4 2025 Earnings Call Transcript

**【CEO Summary Section】**
- **Record EPS achievement**: Q3 EPS reached $1.30, excluding one-time items, marking an all-time high for SEI. 
- **Sales momentum in Investment Managers**: IMS posted $31 million in net sales, driven by alternative asset managers (2/3 of events) and client wallet share expansion (2/3 of wins). 
- **Strategic wins offset losses**: A $13 million private banking win with a regional bank outweighed a one-off client loss, maintaining net sales at $31 million. 
- **Pipeline confidence**: 2026 clarity on large alternative manager contracts, with 2025 sales events surpassing $100 million year-to-date. 
- **AI and tokenization initiatives**: Early-stage AI adoption in workflows and tokenization pilots to enhance efficiency and scalability. 

**【CFO Financial Commentary】**
- **Margin expansion**: IMS operating profit growth of 25%+ QoQ, Advisors margin improvement from $2 million earn-out and $10 million integrated cash program gains. 
- **Capital allocation**: $142 million in share buybacks (12-month total: $775M) and $50M strategic investment in a market-neutral hedge fund. 
- **Balance sheet strength**: $793M cash position, supporting Stratos acquisition and disciplined capital deployment. 

**【Q&A Highlights】**
- **Sales diversification**: Alternatives (60%+ AUA growth) and private banking backlog delivery, with no single client >10% impact. 
- **International strategy**: Early-stage focus on existing client expansion in U.K., Dublin, and Luxembourg, with 2026 segment disclosure planned. 
- **Risk mitigation**: Private credit servicer resilience, with fee-based revenue model insulated from market volatility. 
- **Buyback policy**: 90-100% free cash flow return via buybacks/dividends, with Stratos close anticipated in late 2025. 
- **Client retention**: Private banking engagement success (e.g., client campus event attendance), reinforcing pipeline confidence. 


SEI Investments Company (SEIC) Q3 2025 Earnings Call Transcript

- **Strategic Deal Spotlight**: $1.7B investment in Stratos to accelerate growth in advice-driven wealth management, with cultural and operational alignment.
- **Financial Resilience**: Adjusted EPS of $1.20 (+12% YoY) despite margin pressure from strategic hiring; $700M+ buybacks maintain shareholder focus.
- **Sales Momentum**: $30M net sales events (record pace) driven by IMS; AUM net flows stabilize after $2.5B outflows in H1 2024.
- **Growth Investments**: $30M+ annualized in IMS talent; technology upgrades to support scaling of alternative asset manager partnerships.
- **Leverage Management**: Target to reduce leverage from -1x to lower levels, balancing M&A opportunities with capital returns.

**【CEO Summary Section】**
- **Strategic Investment in Stratos**: Announced a transformative partnership with Stratos, a leader in independent advisory services, to integrate SEI's technology and custody capabilities with Stratos' client-centric model. This positions SEI to capture long-term value in advice-driven solutions.
- **Board Appointments**: Added Karin Risi (Vanguard veteran) and Tom Naratil (UBS wealth leader) to the Board, enhancing strategic insight and execution.
- **Net Sales Momentum**: Achieved $30 million in net sales events (record on a trailing 12-month basis), driven by Investment Manager segment growth. Private Banking delays due to April market volatility.
- **Margin Management**: Margins declined due to targeted investments in talent and technology, with a focus on surgical hiring and process streamlining.
- **Asset Management Progress**: AUM net flows improved to negligible year-to-date (vs. $2.5B outflows in H1 2024), with early signs of net growth across broader platform.

**【CFO Financial Commentary】**
- **EPS Performance**: GAAP EPS of $1.78 included $0.60 from one-time gains (sale of family office services, vendor negotiation). Adjusted EPS of $1.20 reflects 12% YoY growth.
- **Revenue Growth**: Private Banking revenue up YoY and QoQ; Investment Managers grew 8% YoY (10%+ in alternatives). Advisor/Institutional businesses offset April declines with May/June market gains.
- **Margin Dynamics**: Margins declined sequentially due to hiring ahead of expected wins (e.g., $30M in IMS pipeline). Private Banking margins pressured by growth investments.
- **AUM/AUA Growth**: AUM up due to market conditions and improved flows; AUA growth driven by Investment Manager services and market appreciation.
- **Capital Allocation**: $700M+ in buybacks over 12 months; Stratos investment to be funded with balance sheet cash, maintaining fortress balance sheet.

**【Q&A Key Highlights】**
- **Investments in Talent/Technology**: IMS hiring ahead of pipeline wins; technology investments to streamline systems for scalability. Margins expected to remain stable as costs align with revenue.
- **Private Banking Delays**: April market volatility delayed closings, but pipeline remains strong across regional banks, professional services, and existing clients.
- **Stratos Differentiation**: Attracted by Stratos' disciplined operating model, centralized investment platform, and cultural fit. Synergies to focus on scaling Stratos' investment management capabilities (e.g., direct indexing, SMA servicing).
- **Sales Cycle Strength**: IMS pipeline driven by large alternative managers; Phil McCabe highlights SEI's referenceability as a competitive advantage. Asset Management flows improving (e.g., $1B+ in advisor/institutional AUM net flows YTD).
- **Capital Return Plans**: Target free cash flow of $500-600M/year; leverage to be reduced from current -1x to lower levels over time.

SEI Investments Company (SEIC) Q2 2025 Earnings Call Transcript

- **Record Growth**: Q1 EPS $1.17 (+18% YoY), $47M net sales (new high), 28.5% margin (3-year peak).
- **Diversified Resilience**: AUM/AUA up despite S&P 500 down 4.6%, driven by 48% equity allocation (80% U.S.).
- **Client Expansion**: 60% of Private Banking growth from regional banks; 37% recurring sales YoY+20%.
- **Margin Sustainability**: 28.5% margin via cost control and sales onboarding; 2025 capex $150M for growth.
- **Strategic Moves**: Sold Family Office Services for strong returns; $500M buyback authorization.


**【CEO Overview】**
- Q1 2025 EPS of $1.17, up 18% YoY, driven by all business segments. 
- Record $47M net sales (37% recurring), surpassing Q3 2024's $45M.
- Global client symposium showcased SEI's cross-industry capabilities, leading to real-time client network expansion.
- $37M recurring sales reflect long-term client contracts, up 20% YoY.
- Sold Family Office Services to Aquiline for strong shareholder returns.

**【CFO Financial Highlights】**
- Q1 GAAP EPS $1.17 vs. $0.99 YoY, +18%.
- Operating profit margin 28.5%, highest in 3 years, up 200bps YoY.
- Investment Managers +15% revenue, Private Banking +12%, driven by alternative managers and M&A wins.
- AUM/AUA up sequentially despite S&P 500 down 4.6%, due to diversification across geographies and asset classes.
- $193M share buybacks Q1, $450M over 2Q-1Q25, with $500M new authorization.

**【Q&A Key Takeaways】**
- **Sales Momentum**: No pipeline slowdown despite macro uncertainty; Private Banking sees 60% growth from regional banks.
- **AUM Resilience**: 48% equity allocation (80% U.S.), offsetting market decline with net inflows in SMA and alts.
- **Margin Sustainability**: 28.5% margin driven by sales onboarding and cost control; 2025 capex ~$150M for growth.
- **Strategic Focus**: Doubling down on alternatives, wealth tech, and global expansion via Luxembourg depositary services.
- **Balance Sheet Strength**: $700M cash, 0 debt; fortress balance sheet enables opportunistic M&A and buybacks.


SEI Investments (SEIC)-23 Apr 25-2025 Q1 Earnings call transcript

- **Record Sales Growth**: Q4 net sales events of $38M (up 60% YoY) driven by private banking and alternatives, with no single client or pricing change.
- **EPS Beats Expectations**: Full-year EPS of $4.41 (+27%) despite $0.02 headwind from one-time incentive comp.
- **Margin Expansion**: Operating margins improved 210bps sequentially, with private banking leading at +300bps.
- **Strategic Investments Paying Off**: Global expansion (U.K., Close Brothers), regional banking, and Whitefield acquisition drive 2025 growth.
- **Capital Discipline**: Record $259M buyback in Q4, with $620M total capital returns (6% of market cap).

**【CEO Summary Section】**
- Q4 2024 net sales events reached $38 million, with $28 million recurring, marking the second consecutive quarter of significant growth. Full-year net sales events totaled nearly $130 million, up 60% year-over-year.
- EPS for the quarter was $1.19, up 27% year-over-year to $4.41 annually. A one-time $0.02 headwind from incentive compensation was offset by strong cost control and broad-based revenue growth across all business units.
- The company maintained momentum despite institutional asset outflows, driven by planned terminations and structural pressures in active management. Alternative investment products, particularly in private credit, showed strong demand.
- Strategic investments in global expansion (e.g., U.K. regulatory compliance, Close Brothers partnership) and regional banking are paying off, with a focus on enterprise-wide client engagement.

**【CFO Financial Commentary】**
- GAAP EPS of $1.19 reflected a 31% year-over-year increase, with contributions from all business units. Excluding one-time items (e.g., $0.04 incentive comp, $0.05 stock comp timing), EPS growth would have been stronger.
- Operating margins improved sequentially, with private banking margins up 300 basis points. Cost discipline and revenue leverage drove margin expansion despite upfront costs for new business wins.
- SCI sales events were broad-based, with private banking (regional banks) and investment managers (alternatives) leading. The $29 million Whitefield acquisition will integrate tax-smart technology into multicustody solutions.
- Capital returns totaled $620 million annually, including record $259 million in Q4 buybacks. The balance sheet remains strong with $840 million in cash and no long-term debt.

**【Q&A Highlights】**
- **Sales Momentum**: CEO emphasized no single driver for growth; wins were broad-based across geographies and client types. No pricing changes, with focus on delivery excellence and client retention.
- **Margin Pressure**: CFO noted near-term margin headwinds from upfront costs to onboard new clients (e.g., 3-18 month ramp for institutional wins). However, 2025 margin expansion is expected as revenue catches up.
- **Private Banking Growth**: 2025 retention rates near 99%, driven by digital onboarding, professional services support, and cross-selling alternatives. Global expansion (e.g., U.K. private credit) is a key growth lever.
- **M&A Strategy**: Open to selective acquisitions to enhance multicustody, alternatives, or regional banking. Recent Whitefield deal exemplifies this approach.
- **Incentive Comp**: One-time 2024 bonus was a recognition of record performance; no plans for annualization but open to future discretionary rewards.


Actual											0.72	0.68	0.75	0.86	0.89	0.93	0.97	1.03	1.36	0.81	0.7994	0.83	0.79	0.89	0.87	0.91	0.99	1.05	1.19	1.19	1.17	1.2	1.3	1.38
Forecast											0.7667	0.68	0.8	0.7971	0.8833	0.92	0.9533	0.9657	1.3029	0.845	0.722	0.802	0.8233	0.8567	0.8667	0.93	0.9783	1.045	1.0717	1.2022	1.1217	1.1933	1.2549	1.352
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.09%	0.00%	-6.25%	+7.89%	+0.76%	+1.09%	+1.75%	+6.66%	+4.38%	-4.14%	+10.72%	+3.49%	-4.04%	+3.89%	+0.38%	-2.15%	+1.20%	+0.48%	+11.04%	-1.01%	+4.31%	+0.56%	+3.59%	+2.07%

SEIC

SEIC fundamentals

SEIC Q4 2025 Earnings

Earnings Call

You can ask Aime

SEIC

SEIC fundamentals

SEIC Q4 2025 Earnings

Earnings Call

SEIC Earnings Call Summary for Q4/20255:00 PM on Jan 28, 2026

SEIC Earnings Call Summary for Q3/20255:00 PM on Oct 22, 2025

SEIC Earnings Call Summary for Q2/20255:00 PM on Jul 23, 2025

SEIC Earnings Call Summary for Q1/20255:00 PM on Apr 23, 2025

SEIC Earnings Call Summary for Q4/20245:00 PM on Jan 29, 2025

You can ask Aime