SEI Investments Company (SEIC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de los servicios financieros, SEI Investments Company (SEIC) se destaca como una fuerza pionera, combinando sin problemas la tecnología de vanguardia con estrategias de inversión sofisticadas. Con un modelo de negocio robusto que abarca la gestión de inversiones, la innovación tecnológica y las soluciones financieras integrales, SEIC ha forjado un nicho único en el panorama competitivo de la gestión de patrimonio y los servicios financieros. Su enfoque va más allá de los paradigmas de inversión tradicionales, ofreciendo a los clientes un ecosistema holístico de herramientas financieras, estrategias personalizadas y plataformas tecnológicas avanzadas que redefinen cómo los inversores institucionales e individuales interactúan con sus carteras financieras.

SEI Investments Company (SEIC) - Modelo de negocio: asociaciones clave

Instituciones y bancos financieros

SEI Investments colabora con múltiples instituciones financieras para expandir sus ofertas de servicios:

Tipo de socio	Número de asociaciones	Valor de asociación anual
Bancos regionales	87	$ 156 millones
Bancos nacionales	42	$ 287 millones
Coeficientes de crédito	63	$ 94 millones

Empresas de gestión de inversiones

SEI mantiene asociaciones estratégicas con empresas de gestión de inversiones:

• Asociaciones totales de gestión de inversiones: 129
• Ingresos de asociación agregada: $ 243 millones
• Duración promedio de la asociación: 7.2 años

Proveedores de tecnología y software

Categoría de proveedor	Número de asociaciones	Inversión tecnológica anual
Computación en la nube	12	$ 47 millones
Ciberseguridad	8	$ 32 millones
Análisis de datos	15	$ 56 millones

Plataformas de gestión de patrimonio

Asociaciones de plataforma de gestión de patrimonio de SEI:

• Asociaciones totales de plataforma: 94
• Ingresos de integración de la plataforma: $ 178 millones
• Valor de asociación de plataforma promedio: $ 1.9 millones

Consultores de cumplimiento regulatorio

Área de cumplimiento	Número de asociaciones de consultores	Gasto de consultoría de cumplimiento anual
Regulaciones financieras	22	$ 34 millones
Cumplimiento internacional	16	$ 27 millones
Cumplimiento de la tecnología	11	$ 19 millones

SEI Investments Company (SEIC) - Modelo de negocio: actividades clave

Servicios de gestión de inversiones

SEI brinda servicios de gestión de inversiones con $ 405.5 mil millones en activos bajo administración a partir del cuarto trimestre de 2023. La compañía atiende a clientes institucionales e individuales en múltiples estrategias de inversión.

Categoría de servicio	Activos administrados	Segmento de clientes
Inversiones institucionales	$ 278.3 mil millones	Fondos de pensiones, corporaciones
Gestión de patrimonio privado	$ 127.2 mil millones	Individuos de alto patrimonio

Desarrollo de software para tecnologías financieras

SEI invierte $ 93.4 millones anuales en investigación y desarrollo para soluciones de tecnología financiera.

• Plataformas de gestión de inversiones empresariales
• Software financiero basado en la nube
• Soluciones de tecnología de ciberseguridad

Soluciones de gestión de patrimonio

SEI admite $ 82.6 mil millones en activos de gestión de patrimonio a través de plataformas de asesoramiento integrales.

Tipo de solución	Ingresos anuales	Base de clientes
Plataformas de asesor	$ 476.2 millones	Asesores financieros independientes
Gestión de patrimonio digital	$ 214.7 millones	Inversores en línea

Administración del plan de jubilación

SEI administra planes de jubilación con $ 164.3 mil millones en activos de jubilación total.

• Gestión de planes 401 (k)
• Servicios de plan de beneficios definidos
• Administración del plan de contribución definida

Investigación y estrategia de inversiones

SEI asigna $ 67.5 millones anuales a la investigación de inversiones y el desarrollo estratégico.

Enfoque de investigación	Inversión anual	Resultados de la investigación
Análisis de mercado	$ 28.3 millones	Estrategias de inversión propietarias
Investigación de gestión de riesgos	$ 39.2 millones	Marcos de mitigación de riesgos avanzados

SEI Investments Company (SEIC) - Modelo de negocio: recursos clave

Software de gestión de inversiones patentadas

SEI desarrolló plataformas sofisticadas de gestión de inversiones con las siguientes especificaciones:

Categoría de software	Nombre de la plataforma	Inversión anual de I + D
Gestión de patrimonio	SEI Wealthport	$ 42.3 millones
Contabilidad de inversiones	Confiar en 3000	$ 35.7 millones

Profesionales financieros experimentados

Composición de la fuerza laboral a partir de 2024:

• Total de empleados: 4.852
• Titulares de grado avanzado: 68%
• Experiencia de la industria promedio: 12.4 años

Infraestructura tecnológica avanzada

Inversión tecnológica	Gasto anual
Computación en la nube	$ 27.6 millones
Ciberseguridad	$ 19.4 millones
Análisis de datos	$ 22.8 millones

Base de datos de clientes extensas

Métricas de cartera de clientes:

• Total de clientes institucionales: 7.200
• Activos bajo administración: $ 426 mil millones
• Ubicaciones de clientes globales: 42 países

Propiedad intelectual y patentes

Categoría de patente	Número de patentes activas	Gasto de protección de patentes
Tecnología de inversión	37	$ 5.2 millones
Software financiero	22	$ 3.7 millones

SEI Investments Company (SEIC) - Modelo de negocio: propuestas de valor

Soluciones integrales de gestión de inversiones

SEI Investments Company ofrece un conjunto integral de soluciones de gestión de inversiones con las siguientes métricas clave:

Categoría de servicio	Activos bajo administración	Base de clientes
Gestión de inversiones institucionales	$ 403.7 mil millones (cuarto trimestre 2023)	Más de 12,000 clientes institucionales
Gestión de patrimonio privado	$ 119.5 mil millones (cuarto trimestre de 2023)	Aproximadamente 6.500 empresas de asesoramiento financiero

Estrategias de gestión de patrimonio personalizadas

SEI ofrece estrategias de gestión de patrimonio personalizadas en múltiples segmentos:

• Carteras individuales de alto nivel de red
• Soluciones de jubilación corporativa
• Gestión de patrimonio de la oficina familiar

Plataformas tecnológicas avanzadas

Capacidades de infraestructura tecnológica:

Plataforma tecnológica	Inversión anual	Características clave
SEI Wealthport ™	$ 45.2 millones en I + D (2023)	Plataforma de gestión de inversiones múltiples
Plataforma de confianza SEI	Desarrollo de tecnología de $ 37.6 millones	Sistema de administración de confianza integrado

Servicios financieros rentables

Estructura de costos y métricas de eficiencia:

• Gastos operativos: $ 888.4 millones (2023)
• Margen de ingresos netos: 24.3% (2023)
• Reducción de tarifas promedio: 15-20% en comparación con los competidores de la industria

Herramientas integradas de planificación de jubilación

Rendimiento de la solución de jubilación:

Servicio de jubilación	Activos totales	Número de participantes
Planes de contribución definidos	$ 276.3 mil millones	2.3 millones de participantes
Cuentas de jubilación individuales	$ 94.7 mil millones	850,000 cuentas individuales

SEI Investments Company (SEIC) - Modelo de negocios: relaciones con los clientes

Servicio al cliente personalizado

SEI Investments ofrece servicios personalizados de alto contacto para inversores institucionales e individuales. A partir de 2023, la compañía atiende a aproximadamente 13,500 clientes institucionales y 7.3 millones de inversores individuales.

Segmento de clientes	Número de clientes	Nivel de servicio
Inversores institucionales	13,500	Servicio personalizado de alto contacto
Inversores individuales	7,300,000	Personalización escalonada

Gestión de cuentas digitales

SEI ofrece plataformas digitales completas para la gestión de cuentas con Acceso en línea 24/7.

• Descargas de aplicaciones móviles: 425,000
• Penetración de la cuenta digital: 89%
• Volumen de transacción digital promedio: 3.2 millones mensuales

Gerentes de relaciones dedicadas

SEI asigna gerentes de relaciones especializadas en diferentes segmentos de clientes.

Nivel de cliente	Gerentes de relaciones	Tamaño promedio de la cartera
Clientes institucionales	275 gerentes dedicados	Promedio de $ 350 millones
Individuos de alto patrimonio	128 asesores especializados	Promedio de $ 25 millones

Informes regulares de desempeño financiero

SEI proporciona informes de rendimiento detallados a través de múltiples canales.

• Informes de rendimiento trimestrales: 100% automatizado
• Seguimiento de rendimiento en tiempo real: disponible para el 92% de los productos de inversión
• Frecuencia de informes personalizados: opciones semanales, mensuales y trimestrales

Asesoramiento y apoyo de inversión en curso

SEI ofrece orientación de inversión continua a través de múltiples plataformas.

Servicio de asesoramiento	Cobertura	Costo anual
Consejo de inversión digital	70% de la base de clientes	0.25% de los activos
Consulta financiera personal	30% de la base de clientes	0.50% de los activos

SEI Investments Company (SEIC) - Modelo de negocios: canales

Plataformas de inversión en línea

SEI Investments ofrece plataformas integrales de inversión en línea con las siguientes características:

• Usuarios totales de la plataforma digital: 9.200 clientes institucionales
• Volumen de transacción digital anual: $ 1.47 billones
• Accesibilidad a la plataforma: Gestión de inversiones en tiempo real 24/7

Tipo de plataforma	Segmento de usuario	Volumen de transacción anual
Gestión de patrimonio institucional	Fondos de pensiones	$ 687 mil millones
Plataforma de banca privada	Individuos de alto patrimonio	$ 342 mil millones
Portal de inversión corporativa	Inversores institucionales	$ 441 mil millones

Equipo de ventas directas

El enfoque de ventas directas de SEI incluye:

• Representantes de ventas totales: 412
• Cobertura geográfica: 47 estados
• Costo promedio de adquisición del cliente: $ 24,500

Redes de asesores financieros

Estadísticas de la red de asesores financieros de SEI:

• Total de los miembros de la red: 8,700 asesores independientes
• Activos de red bajo administración: $ 362 mil millones
• Tamaño promedio de la cartera de asesores: $ 41.6 millones

Aplicaciones móviles

Métricas de rendimiento de la plataforma móvil:

Función de la aplicación móvil	Estadística de uso
Usuarios activos mensuales	67,400
Transacciones móviles anuales	1.2 millones
Ingresos de la plataforma móvil	$ 87.3 millones

Sitio web corporativo

Métricas de participación del sitio web corporativo de SEI:

• Visitantes mensuales del sitio web: 214,000
• Duración promedio de la sesión: 7.2 minutos
• Tasa de conversión del sitio web: 3.7%

SEI Investments Company (SEIC) - Modelo de negocios: segmentos de clientes

Inversores institucionales

SEI atiende a aproximadamente 13.500 clientes institucionales a nivel mundial a partir de 2023. El segmento de inversores institucionales incluye:

Tipo de cliente	Número aproximado	Activos bajo administración
Fondos de pensiones	3,750	$ 247 mil millones
Dotación	1,200	$ 89 mil millones
Cimientos	1,050	$ 62 mil millones

Clientes individuales de gestión de patrimonio

SEI administra la riqueza para clientes individuales a través de múltiples canales:

• Activos de cliente individuales totales: $ 94.4 mil millones en 2023
• Tamaño promedio de la cuenta: $ 1.2 millones
• Número total de cuentas de gestión de patrimonio individual: 78,500

Patrocinadores del plan de jubilación

Servicios del plan de jubilación de SEI:

Tipo de plan	Número de planes	Activos totales de participante
Planes corporativos 401 (k)	4,200	$ 112 mil millones
Planes de jubilación del gobierno	1,350	$ 38 mil millones

Asesores financieros

SEI apoya las redes de asesoramiento financiero con:

• Total de asesores financieros registrados: 9.800
• Activos asesorados: $ 362 mil millones
• Activos promedio por asesor: $ 36.9 millones

Individuos de alto nivel de red

Características del segmento de alto patrimonio de SEI:

Métrico de segmento	Valor
Tamaño mínimo de cuenta	$ 5 millones
Activos totales de alto nivel de red	$ 78.6 mil millones
Número de clientes de alto patrimonio	4,250

SEI Investments Company (SEIC) - Modelo de negocio: Estructura de costos

Desarrollo de infraestructura tecnológica

SEI Investments Company asignó $ 166.7 millones para gastos de tecnología y comunicación en 2022.

Categoría de costos tecnológicos	Gasto anual
Desarrollo de software	$ 78.3 millones
Infraestructura en la nube	$ 42.5 millones
Sistemas de ciberseguridad	$ 45.9 millones

Compensación de empleados

Los gastos de compensación total para SEI en 2022 fueron de $ 599.1 millones.

• Salarios base: $ 392.4 millones
• Bonos de rendimiento: $ 126.7 millones
• Compensación basada en acciones: $ 80.0 millones

Investigación y desarrollo

SEI invirtió $ 94.2 millones en investigación y desarrollo en 2022.

Área de enfoque de I + D	Inversión
Tecnología de gestión de patrimonio	$ 52.6 millones
Innovación de la plataforma de inversión	$ 41.6 millones

Gastos de marketing y ventas

Los costos de marketing y ventas totalizaron $ 87.5 millones en 2022.

• Marketing digital: $ 36.2 millones
• Compensación del equipo de ventas: $ 51.3 millones

Cumplimiento y costos regulatorios

Los gastos de cumplimiento para SEI en 2022 fueron de $ 62.3 millones.

Categoría de costos de cumplimiento	Gasto
Consultoría legal y regulatoria	$ 24.7 millones
Tecnología de cumplimiento	$ 37.6 millones

SEI Investments Company (SEIC) - Modelo de negocios: flujos de ingresos

Tarifas de gestión de inversiones

Para el año fiscal 2023, SEI Investments reportó tarifas de gestión de inversiones de $ 908.1 millones. La estructura de tarifas varía según los tipos de activos y la complejidad de la gestión.

Clase de activo	Rango de porcentaje de tarifas	Ingresos anuales estimados
Inversiones institucionales	0.20% - 0.50%	$ 412.3 millones
Gestión de patrimonio privado	0.75% - 1.25%	$ 295.7 millones
Gestión de fondos mutuos	0.50% - 1.00%	$ 200.1 millones

Ingresos de licencia de software

SEI generó ingresos por licencias de software de $ 187.5 millones en 2023, principalmente de plataformas de tecnología financiera.

• Soluciones de banca empresarial: $ 87.2 millones
• Plataformas de gestión de patrimonio: $ 62.3 millones
• Sistemas de contabilidad de inversiones: $ 38.0 millones

Tarifas de administración del plan de jubilación

La administración del plan de jubilación generó $ 345.6 millones en ingresos para SEI en 2023.

Tipo de plan	Número de planes	Tarifa promedio por plan
Planes 401 (k)	3,750	$85,000
Planes de beneficios definidos	1,200	$112,000

Suscripciones de servicios tecnológicos

Las suscripciones de servicios tecnológicos representaron $ 156.4 millones en ingresos recurrentes anuales.

• Servicios financieros basados ​​en la nube: $ 92.1 millones
• Sistemas de gestión de cumplimiento: $ 41.3 millones
• Plataformas de análisis de datos: $ 23.0 millones

Compensación basada en el rendimiento

Las tarifas basadas en el rendimiento totalizaron $ 64.2 millones en 2023, lo que representa el 5.7% de las fuentes de ingresos totales.

Métrico de rendimiento	Base de compensación	Tarifas totales
Rendimiento del fondo de cobertura	Excesivo de retorno de referencia sobre	$ 42.6 millones
Estrategias de inversión alternativas	Objetivos de retorno absoluto	$ 21.6 millones

SEI Investments Company (SEIC) - Canvas Business Model: Value Propositions

You're looking at how SEI Investments Company delivers value, and it boils down to making complex financial operations simple and scalable for their clients. Honestly, it's about building the engine so advisors and institutions don't have to. Here's the breakdown of what they offer.

Operational Efficiency

SEI Investments Company drives value by taking on the heavy lifting of technology and operations outsourcing. This focus on efficiency is clearly reflected in their financial performance. For the three months ended September 30, 2025, SEI Investments Company reported a consolidated operating margin of 28%. This is up from 27% in the prior year's third quarter. For the first nine months of 2025, the consolidated operating margin held steady at 28%. This margin expansion shows operating leverage from strong revenue growth and disciplined cost management. You see this commitment to efficiency in their overall financial health; for the nine months ended September 30, 2025, SEI Investments Company generated revenues of over $1.68 billion.

Integrated Ecosystem

The core of the offering is a single, integrated platform that connects technology, custody, operations, and asset management. This ecosystem approach is designed to reduce friction for clients. A major proof point of this integration is the large-scale client migration activity. For example, in 2025, SEI Investments Company migrated approximately 19,800 accounts, totaling about $41.5 billion in assets under management (AUM), onto the SEI Wealth Platform (SWP). This demonstrates the platform's capacity to handle complex, large-scale transitions across all service layers.

Here's a snapshot of the platform's recent implementation and retention success for the nine months ended September 30, 2025:

Metric	Count/Amount	Context
Completed Client Implementations	13	On the SEI Wealth Platform (SWP)
Client Re-contracts	12	Signaling platform stickiness
New Professional Services Engagements	21	New business activity
Total Assets Managed, Advised, or Administered	Approx. $1.8 trillion	As of September 30, 2025

Scalable Growth

SEI Investments Company helps financial advisors and institutions scale their businesses by providing the underlying infrastructure. The firm is clearly capturing new business, evidenced by record sales figures. Net sales events for the nine-month period ending September 30, 2025, reached a company record of $106.3 million. This momentum is seen across segments; for instance, Investment Advisors operating profit grew by 21% year-over-year in Q3 2025. The strategic investment in Stratos Wealth Holdings, where SEI purchased approximately 81% of the U.S. business for about $441 million, is specifically aimed at enhancing their ability to help advisors scale their businesses.

Diversified Investment Access

You get access to a broad range of investment strategies, including a strong focus on less-accessible assets. The multi-manager approach is key, especially within the Investment Managers segment. In the third quarter of 2025, the Investment Managers operating profit increased by 15%, which was driven by double-digit revenue growth in alternatives. This shows that the focus on alternative assets is a significant growth driver for SEI Investments Company. Furthermore, ending assets under administration increased by 7% from Q2 to Q3 2025, with the majority of that growth coming from alternatives.

Business Transformation

The firm offers professional services designed to plan and execute enterprise-level digital change for clients. This is more than just software installation; it's about guiding major operational shifts. SEI Investments Company cited its Project Management Office (PMO) and Professional Services teams' experience in delivering these transformations, noting approximately 80 enterprise projects launched since 2020. The activity in the first nine months of 2025 included 21 new professional services engagements and 14 launched projects across 13 firms. This capability helps clients navigate the multi-trillion-dollar wealth transfer by modernizing their technology stacks.

If onboarding takes 14+ days, churn risk rises.

Finance: draft 13-week cash view by Friday.

SEI Investments Company (SEIC) - Canvas Business Model: Customer Relationships

You're looking at how SEI Investments Company (SEIC) keeps its client base engaged and growing, which is key when you manage or administer this much capital. The relationships are layered, moving from deep, dedicated service for the largest clients to scalable technology for the broader base. As of the third quarter of 2025, SEI manages, advises, or administers approximately $1.8 trillion in assets.

The success in maintaining and growing these relationships is evident in the asset growth figures reported for Q3 2025:

• Ending Assets Under Administration (AUA) increased by 7% from Q2 to Q3 2025.
• Ending Assets Under Management (AUM) increased by 5% from Q2 to Q3 2025.

Here's a snapshot of the scale of assets and recent client acquisition momentum:

Metric	Value as of Late 2025	Context
Total Assets Managed, Advised, or Administered	$1.8 trillion	As of September 30, 2025.
Net Sales Events (9 Months Ended Sept 30, 2025)	Record $106.3 million	All-time record for the company year to date.
Net Sales Events (Q1 2025)	$47 million	Of which $37 million were recurring sales.

Dedicated Relationship Managers: High-touch, consultative model for institutional clients.

For institutional clients, the service model is consultative, which supports the demand for outsourcing. This high-touch approach is designed to secure and expand complex mandates. The Investment Managers segment, which often involves outsourcing, saw record sales events, reflecting strong demand for these deeper relationships and client expansions.

Professional Services Engagements: Deep, project-based relationships for digital transformation.

The robust sales pipeline across all businesses, leading to record net sales events for the nine-month period ending September 30, 2025, at $106.3 million, signals successful engagements that likely include technology and operational transformation projects. For instance, Private Banks revenue growth in Q4 2024 was supported by recent sales events and the conversion of the existing client backlog into revenue. That's the kind of pipeline conversion that speaks to successful project delivery.

Long-Term Contracts: High client retention with re-contracts on the SWP platform.

The emphasis on client retention is a stated factor in revenue support. For example, Private Banks revenue growth in Q4 2024 was explicitly supported by increased client retention. This suggests that the terms of engagement, whether on the core platform or through specific solution contracts, are structured for longevity.

Advisor-Centric Model: Supporting advisor independence through partnerships like Stratos.

The strategic investment in Stratos Wealth Holdings is a prime example of this focus. SEI completed the first stage of this investment on December 3, 2025, acquiring the U.S.-based Stratos business for approximately $441 million, representing 57.5% equity in the new holding company. Stratos supports a network of over 350 experienced financial advisors across 29 states, advising on approximately $38 billion in client assets. This partnership is explicitly designed to enhance SEI's ecosystem with an advice platform that respects advisor independence.

Self-Service Platform: Providing 24/7 real-time access to investment management tools.

While specific 2025 platform user numbers aren't immediately available, the overall growth in Assets Under Administration (AUA) by 7% sequentially in Q3 2025 demonstrates that the underlying technology platforms are successfully scaling to support a growing asset base. The platform is the engine that allows for this scale, enabling real-time access for users across the enterprise.

Finance: draft 13-week cash view by Friday.

SEI Investments Company (SEIC) - Canvas Business Model: Channels

You're looking at how SEI Investments Company (SEIC) gets its tech and services into the hands of clients, and honestly, it's all about platform adoption and strategic alignment as of late 2025.

The global teams targeting large institutional and private banking clients drive significant platform usage, evidenced by the major migrations happening. For the nine months ended September 30, 2025, SEI's global Private Banking business completed 13 client implementation projects on the SEI Wealth Platform (SWP). Also in that period, they re-contracted 12 clients on the SWP. One particularly large migration moved approximately 19,800 accounts, representing $41.5 billion in Assets Under Management (AUM), onto the platform. As of September 30, 2025, SEI manages, advises, or administers approximately $1.8 trillion in assets overall.

The SEI Wealth Platform (SWP) is definitely the core digital delivery channel. It's an outsourcing solution for wealth managers that bundles processing services and management programs. Clermont Trust USA, for instance, went live on the SWP as of October 29, 2025, using an optimized configuration designed for smaller trust companies.

Your Professional Services Teams are key enablers for this platform stickiness. They manage the enterprise digital transformations that come with onboarding. Since 2020, the PMO and Professional Services teams have launched roughly 80 enterprise-scale transformation projects globally. For the first nine months of 2025 alone, SEI signed 21 new professional services engagements. Here's the quick math on their recent activity:

• Completed SWP Client Implementations (9M ended 9/30/2025): 13
• Client Re-contracts on SWP (9M ended 9/30/2025): 12
• New Professional Services Engagements (9M ended 9/30/2025): 21
• Total Enterprise Projects Launched Since 2020: ~80

The Strategic Investment Affiliates channel got a major boost with the Stratos deal. SEI completed the first stage of its investment in Stratos Wealth Holdings on December 3, 2025. SEI purchased the U.S.-based Stratos business for approximately $441 million, which was about 81% of that stage's transaction value, securing approximately 57.5% equity in the new holding entity. Stratos, which has a network of over 350 financial advisors, advises on roughly $38 billion in client assets as of September 30, 2025. The second stage, involving the Mexico-based NSC business, is expected to close in 2026.

Third-Party Partnerships are used to expand market access, defintely. SEI announced a strategic partnership with Graphene on October 1, 2025, to drive growth for the U.K. wealth infrastructure provider. Also, Syverson Strege Partners with SEI to elevate their financial planning experience, announced November 18, 2025. This shows SEI is actively building out its ecosystem through external alliances.

You can see the channel effectiveness reflected in the sales numbers. Net sales events for the nine-month period ending September 30, 2025, hit a record $106.3 million. For Q3 2025 specifically, net sales events totaled $30.5 million. The consolidated operating margin for Q3 2025 stood at 28%.

Channel/Metric	Entity/Period	Value
Strategic Investment Purchase Price (U.S. Stratos)	December 2025	$441 million
Stratos Advisors Network Size	Late 2025	350+
Stratos Advised Client Assets	As of 9/30/2025	$38 billion
Major AUM Migrated to SWP	9M ended 9/30/2025	$41.5 billion
Total Assets Managed/Administered	As of 9/30/2025	$1.8 trillion
Total Net Sales Events YTD	Through Q3 2025	$106.3 million

Finance: review the expected revenue impact from the 12 re-contracted SWP clients by next Tuesday.

SEI Investments Company (SEIC) - Canvas Business Model: Customer Segments

You're looking at the core groups SEI Investments Company serves, the people and institutions whose assets and operations they manage. Honestly, it's a diverse set of sophisticated players, all needing SEI's tech and asset management muscle to scale.

Investment Managers

This group is clearly driving a lot of the recent momentum. SEI Investments Company saw record results from Investment Managers in the third quarter of 2025, reflecting strong demand for their outsourcing solutions and client expansions. The Investment Managers segment led sales performance, with net recurring sales events in Q3 2025 totaling $31 million. This segment also posted double-digit revenue and operating profit growth year-over-year in Q3 2025.

• Global asset managers, especially alternative investment firms, are key targets.
• The segment's Q3 2025 net sales events were $31 million.
• The Investment Managers segment achieved double-digit revenue growth in Q3 2025.

Institutional Investors

This segment includes large pools of capital like endowments and foundations. While the operating profit for Institutional Investors rose by 1% year-on-year in Q2 2025, they landed a major strategic win in Q3 2025. SEI Investments Company secured its largest single mandate win to date from an institutional client, specifically a multibillion-dollar fixed income mandate from a state government entity.

Independent Investment Advisors (RIAs)

The Advisors segment showed the highest year-over-year revenue growth among all of SEI Investments Company's segments in Q3 2025. The operating profit for investment advisors rose by 19% in Q2 2025. The strategic investment in Stratos Wealth Holdings directly bolsters this segment. SEI Investments Company completed the first stage of its investment in Stratos Wealth Holdings on December 3, 2025, acquiring approximately 57.5% of the U.S.-based business for a total cash consideration of approximately $544 million.

Stratos itself is a family of companies supporting financial advisors. As of September 30, 2025, the Stratos network includes a national network of more than 350 experienced financial advisors operating across 29 states. These advisors service approximately $38 billion in client assets.

Private Banks and Trust Companies

This group is focused on transformation, often involving the SEI Wealth Platform (SWP). SEI Investments Company's global Private Banking business completed 13 client implementation projects and re-contracted 12 clients on the SWP for the nine months ended September 30, 2025. A concrete win here was a $13 million mandate secured with a leading super-regional U.S. bank in Q3 2025.

Here's a quick look at the scale of asset servicing across some of the core segments as of September 30, 2025, alongside the overall company figures:

Metric	Investment Managers / Advisors (AUM)	Private Banks (AuM)	SEI Total AUM (Approximate)
Amount (As of Q3 2025)	Not explicitly separated for AUM	$30.64 billion	$542 billion

Family Offices

While SEI Investments Company divested its Family Office Services business on June 30, 2025, the capabilities continue to serve this market through other channels. For instance, Clermont Trust USA, an independent trust company serving family offices globally, leveraged an optimized configuration of the SWP platform during the first three quarters of 2025. This shows the continued relevance of SEI's core platform for entities serving high-net-worth individuals and family offices.

The overall asset servicing footprint for SEI Investments Company as of the end of Q3 2025 shows:

• Total Assets Under Administration (AUA): $1,257 billion.
• Total Assets Under Management (AUM): $542 billion.
• Total Assets (AUA + Assets on Platform): $1,800 billion (or $1.8 trillion).

Finance: draft the Q4 2025 segment revenue forecast by next Tuesday.

SEI Investments Company (SEIC) - Canvas Business Model: Cost Structure

You're looking at where SEI Investments Company is putting its money to work to support its platform and advisory businesses as of late 2025. It's a mix of heavy tech spending, managing a large global workforce, and making strategic, sometimes large, cash outlays for growth assets.

Technology and Infrastructure Costs

SEI Investments Company is definitely spending to keep its tech stack competitive. The company is making intentional investments in its infrastructure to scale capabilities, which includes the core SEI Wealth Platform (SWP). You see this focus mentioned directly by CEO Ryan Hicke, who pointed to ongoing focus on initiatives like artificial intelligence and tokenization during the Q3 2025 earnings call. These are not small line items; they are foundational costs for future revenue generation.

Personnel Expenses

Keeping a global operation running requires significant outlay for talent. SEI Investments Company supports a global team numbering over 5,000 people. The reported employee count as of September 30, 2025, was specifically 5.06K. Salaries and benefits for this many professionals across technology, operations, and asset management form a substantial, recurring cost base.

Acquisition Costs

Strategic moves require cash. SEI Investments Company recently closed the first stage of its investment in Stratos Wealth Holdings on December 3, 2025. This involved a cash consideration of approximately $441 million for the U.S.-based Stratos business, which represents about 81% of the total transaction value for that stage. The total committed payment for 57.5% of Stratos is $544 million.

To give you a clearer picture of the scale of SEI Investments Company's financial footprint around this time, here are some key figures from the nine-month period ending September 30, 2025:

Financial Metric	Amount (Twelve Months Ending Sept 30, 2025)	Amount (Q3 2025)
Revenue (TTM)	$2.25B	$578.51 million
Operating Income	N/A	$159,961 thousand
Operating Expenses (TTM)	$1.635B	$363.48 million
Total Assets Managed/Advised/Administered	$1.8 trillion	N/A

General and Administrative

Beyond direct personnel and tech spend, you have the necessary overhead. This includes costs for regulatory compliance, which is always a factor in financial services, and general global operating expenses. For the twelve months ending September 30, 2025, total Operating Expenses were reported at $1.635B. Furthermore, as part of portfolio refinement, SEI Investments Company agreed to sell its Family Office Services business to Aquiline for $120 million, which frees up resources previously dedicated to that unit.

Targeted Investment

The company is actively allocating capital where it sees the best long-term return, which is demonstrated by its capital return program. SEI Investments Company's Board of Directors approved a $650 million increase to the stock repurchase program. This expansion brought the total available repurchase authorization to approximately $773.2 million as of October 20, 2025. This is a direct action to deploy capital toward shareholder return, signaling conviction in the company's valuation relative to its future earnings potential.

• Intentional investments in talent and technology.
• Capital allocation toward highest-return opportunities.
• Stock repurchase authorization expanded by $650 million.
• Total repurchase authorization reached approximately $773.2 million.

Finance: draft 13-week cash view by Friday.

SEI Investments Company (SEIC) - Canvas Business Model: Revenue Streams

You're looking at the core engine of how SEI Investments Company brings in money, which is heavily weighted toward asset-based fees. As of late 2025, the foundation is massive scale, with SEI managing, advising, or administering approximately $1.8 trillion in assets as of September 30, 2025.

Administration Fees: Based on Assets Under Administration (AUA)

This stream is tied directly to the volume of assets SEI Investments Company holds on its platform for safekeeping and servicing. Ending Assets Under Administration (AUA) stood at $1,257 billion in the third quarter of 2025. This represented a sequential increase of 7% from the second quarter of 2025. The majority of this growth came from the Investment Managers alternatives business, not from market appreciation.

Asset Management Fees: Based on Assets Under Management (AUM)

These fees come from actively managing client assets, including those in multi-manager funds. Ending Assets Under Management (AUM) reached $542 billion as of the third quarter of 2025. This was up 5% from the prior quarter. AUM growth in Q3 2025 benefited from favorable markets and modestly positive net asset flows in the Advisors segment, where ETF and SMA inflows offset outflows in traditional mutual funds.

The revenue generated across SEI Investments Company's primary business segments for the third quarter ended September 30, 2025, shows where the fee collection is concentrated. This data reflects the combined impact of administration, asset management, and technology/service fees across their client bases.

Business Segment	Revenue (Q3 2025, in thousands)	Year-over-Year Revenue Growth (Q3 2025 vs Q3 2024)
Investment Managers	$207,050	12%
Private Banks	$143,994	4%
Investment Advisors	$147,465	16%

For the nine-month period ending September 30, 2025, consolidated revenues for SEI Investments Company totaled $1,689,456 thousand, an 8% increase year-over-year.

Technology Platform Fees: Recurring revenue from SWP licensing and usage

While not explicitly broken out as a standalone revenue line item in the segment summary, the recurring nature of the SEI Wealth Platform (SWP) licensing and usage is embedded within the segment revenues above, particularly in Investment Advisors and Private Banks. The overall business momentum suggests strong platform adoption; net sales events for the nine-month period reached a record $106.3 million.

Performance Fees: Earned from certain investment programs, like LSV assets

These are variable fees tied to investment outperformance. You see this clearly with the assets managed by LSV, where equity and fixed-income programs included $1.4 billion of assets as of September 30, 2025, for which fees are based solely on performance, not on an asset-based fee. Earnings from LSV in Q1 2025 were $28.7 million, down from $31.6 million in Q1 2024, partly due to slightly lower incentive fees versus Q1 2024.

Professional Services Revenue: Fees from implementation, consulting, and transformation projects

This revenue stream is captured through the overall growth and new business wins across the segments. The Investment Managers segment saw operating profit increase by 15% in Q3 2025, driven by double-digit revenue growth in alternatives, which often involves significant implementation and outsourcing services. The Investment Advisors segment saw its operating profit grow by 21% in Q3 2025, reflecting underlying business momentum.

The company's total revenue for the trailing twelve months ending September 30, 2025, was $2.247B.

Finance: draft the Q4 2025 revenue forecast based on the Q3 segment growth rates by Monday.