SEI Investments Company (SEIC): Business Model Canvas [Jan-2025 Mis à jour]

Dans le monde dynamique des services financiers, la SEI Investments Company (SEIC) se distingue comme une force pionnière, mélangeant parfaitement la technologie de pointe avec des stratégies d'investissement sophistiquées. Avec un modèle commercial robuste qui s'étend sur la gestion des investissements, l'innovation technologique et les solutions financières complètes, SEIC a sculpté un créneau unique dans le paysage concurrentiel des services de gestion de patrimoine et financiers. Leur approche va au-delà des paradigmes d'investissement traditionnels, offrant aux clients un écosystème holistique d'outils financiers, de stratégies personnalisées et de plateformes technologiques avancées qui redéfinissent comment les investisseurs institutionnels et individuels interagissent avec leurs portefeuilles financiers.

SEI Investments Company (SEIC) - Modèle d'entreprise: partenariats clés

Institutions et banques financières

SEI Investments collabore avec plusieurs institutions financières pour étendre ses offres de services:

Type de partenaire	Nombre de partenariats	Valeur de partenariat annuelle
Banques régionales	87	156 millions de dollars
Banques nationales	42	287 millions de dollars
Coopératives de crédit	63	94 millions de dollars

Sociétés de gestion des investissements

SEI maintient des partenariats stratégiques avec les sociétés de gestion des investissements:

• Partenariats totaux de gestion des investissements: 129
• Revenus de partenariat agrégé: 243 millions de dollars
• Durée du partenariat moyen: 7,2 ans

Technologies et fournisseurs de logiciels

Catégorie de prestataires	Nombre de partenariats	Investissement technologique annuel
Cloud computing	12	47 millions de dollars
Cybersécurité	8	32 millions de dollars
Analyse des données	15	56 millions de dollars

Plateformes de gestion de patrimoine

SEI's Wealth Management Platform Partnerships:

• Partenariats totaux de plate-forme: 94
• Revenus d'intégration de la plate-forme: 178 millions de dollars
• Valeur de partenariat de plate-forme moyen: 1,9 million de dollars

Consultants en conformité réglementaire

Zone de conformité	Nombre de partenariats de consultants	Dépenses de consultation annuelle de conformité
Règlements financiers	22	34 millions de dollars
Conformité internationale	16	27 millions de dollars
Conformité technologique	11	19 millions de dollars

SEI Investments Company (SEIC) - Modèle d'entreprise: activités clés

Services de gestion des investissements

SEI fournit des services de gestion des investissements avec 405,5 milliards de dollars d'actifs sous gestion au quatrième trimestre 2023. La société dessert des clients institutionnels et individuels dans plusieurs stratégies d'investissement.

Catégorie de service	Actifs gérés	Segment client
Investissements institutionnels	278,3 milliards de dollars	Fonds de pension, sociétés
Gestion de patrimoine privée	127,2 milliards de dollars	Individus de valeur nette élevée

Développement de logiciels pour les technologies financières

SEI investit 93,4 millions de dollars par an dans la recherche et le développement pour les solutions de technologie financière.

• Plateformes de gestion des investissements d'entreprise
• Logiciel financier basé sur le cloud
• Solutions technologiques de cybersécurité

Solutions de gestion de patrimoine

SEI prend en charge 82,6 milliards de dollars d'actifs de gestion de patrimoine grâce à des plateformes de conseil complètes.

Type de solution	Revenus annuels	Clientèle
Plateformes de conseiller	476,2 millions de dollars	Conseillers financiers indépendants
Gestion de patrimoine numérique	214,7 millions de dollars	Investisseurs en ligne

Administration du plan de retraite

SEI administre des plans de retraite avec 164,3 milliards de dollars d'actifs de retraite totaux.

• 401 (k) Gestion du plan
• Services de régimes de prestations définies
• Administration du plan de contribution définie

Recherche et stratégie d'investissement

SEI alloue 67,5 millions de dollars par an à la recherche en investissement et au développement stratégique.

Focus de recherche	Investissement annuel	Résultats de la recherche
Analyse de marché	28,3 millions de dollars	Stratégies d'investissement propriétaires
Recherche de gestion des risques	39,2 millions de dollars	Cadres d'atténuation des risques avancés

SEI Investments Company (SEIC) - Modèle d'entreprise: Ressources clés

Logiciel de gestion des investissements propriétaires

SEI a développé des plateformes de gestion des investissements sophistiquées avec les spécifications suivantes:

Catégorie de logiciels	Nom de la plate-forme	Investissement annuel de R&D
Gestion de la richesse	Sei Wealthport	42,3 millions de dollars
Comptabilité d'investissement	Faites confiance 3000	35,7 millions de dollars

Professionnels financiers expérimentés

Composition de la main-d'œuvre en 2024:

• Total des employés: 4 852
• Détenteurs de diplômes avancés: 68%
• Expérience moyenne de l'industrie: 12,4 ans

Infrastructure technologique avancée

Investissement technologique	Dépenses annuelles
Cloud computing	27,6 millions de dollars
Cybersécurité	19,4 millions de dollars
Analyse des données	22,8 millions de dollars

Base de données client étendue

Métriques du portefeuille client:

• Clients institutionnels totaux: 7 200
• Actif sous gestion: 426 milliards de dollars
• Emplacements mondiaux des clients: 42 pays

Propriété intellectuelle et brevets

Catégorie de brevet	Nombre de brevets actifs	Dépenses de protection des brevets
Technologie d'investissement	37	5,2 millions de dollars
Logiciel financier	22	3,7 millions de dollars

SEI Investments Company (SEIC) - Modèle d'entreprise: propositions de valeur

Solutions complètes de gestion des investissements

SEI Investments Company propose une suite complète de solutions de gestion des investissements avec les mesures clés suivantes:

Catégorie de service	Actifs sous gestion	Clientèle
Gestion des investissements institutionnels	403,7 milliards de dollars (Q4 2023)	Plus de 12 000 clients institutionnels
Gestion de patrimoine privée	119,5 milliards de dollars (Q4 2023)	Environ 6 500 cabinets de conseil financier

Stratégies de gestion de patrimoine personnalisées

SEI fournit des stratégies de gestion de patrimoine sur mesure sur plusieurs segments:

• Portefeuilles individuels élevés
• Solutions de retraite d'entreprise
• Gestion de la richesse du bureau de la famille

Plateformes technologiques avancées

Capacités d'infrastructure technologique:

Plate-forme technologique	Investissement annuel	Caractéristiques clés
Sei Wealthport ™	45,2 millions de dollars R&D (2023)	Plateforme de gestion des investissements multi-actifs
Plateforme SEI Trust	37,6 millions de dollars de développement technologique	Système d'administration de confiance intégré

Services financiers rentables

Structure des coûts et mesures d'efficacité:

• Dépenses d'exploitation: 888,4 millions de dollars (2023)
• Marge du revenu net: 24,3% (2023)
• Réduction moyenne des frais: 15-20% par rapport aux concurrents de l'industrie

Outils de planification de la retraite intégrés

Performances de la solution de retraite:

Service de retraite	Actif total	Nombre de participants
Plans de contribution définis	276,3 milliards de dollars	2,3 millions de participants
Comptes de retraite individuels	94,7 milliards de dollars	850 000 comptes individuels

SEI Investments Company (SEIC) - Modèle d'entreprise: relations clients

Service client personnalisé

SEI Investments fournit des services personnalisés à tacs élevés pour les investisseurs institutionnels et individuels. En 2023, la société dessert environ 13 500 clients institutionnels et 7,3 millions d'investisseurs individuels.

Segment client	Nombre de clients	Niveau de service
Investisseurs institutionnels	13,500	Service personnalisé à haut toucher
Investisseurs individuels	7,300,000	Personnalisation à plusieurs niveaux

Gestion du compte numérique

SEI propose des plateformes numériques complètes pour la gestion des comptes avec Accès en ligne 24/7.

• Téléchargements d'applications mobiles: 425 000
• Pénétration du compte numérique: 89%
• Volume moyen des transactions numériques: 3,2 millions par mois

Gestionnaires de relations dédiées

SEI attribue des gestionnaires de relations spécialisés dans différents segments de clients.

Niveau client	Gestionnaires de relations	Taille moyenne du portefeuille
Clients institutionnels	275 gestionnaires dédiés	Moyenne de 350 millions de dollars
Individus de valeur nette élevée	128 conseillers spécialisés	Moyenne de 25 millions de dollars

Rapports de performance financière réguliers

SEI fournit des rapports de performances détaillés via plusieurs canaux.

• Rapports de performance trimestriels: 100% automatisé
• Suivi des performances en temps réel: disponible pour 92% des produits d'investissement
• Fréquence de rapports personnalisés: options hebdomadaires, mensuelles et trimestrielles

Conseils et soutien en investissement en cours

SEI propose des conseils d'investissement continues via plusieurs plateformes.

Service consultatif	Couverture	Coût annuel
Conseils d'investissement numérique	70% de la clientèle	0,25% des actifs
Consultation financière personnelle	30% de la clientèle	0,50% des actifs

SEI Investments Company (SEIC) - Modèle d'entreprise: canaux

Plateformes d'investissement en ligne

SEI Investments propose des plateformes d'investissement en ligne complètes avec les caractéristiques suivantes:

• Utilisateurs totaux de plate-forme numérique: 9 200 clients institutionnels
• Volume annuel des transactions numériques: 1,47 billion de dollars
• Accessibilité des plateformes: gestion des investissements en temps réel 24/7

Type de plate-forme	Segment d'utilisateur	Volume de transaction annuel
Gestion de la patrimoine institutionnel	Fonds de pension	687 milliards de dollars
Plateforme bancaire privée	Individus de valeur nette élevée	342 milliards de dollars
Portail d'investissement d'entreprise	Investisseurs institutionnels	441 milliards de dollars

Équipe de vente directe

L'approche des ventes directes de SEI comprend:

• Représentants des ventes totales: 412
• Couverture géographique: 47 États
• Coût moyen d'acquisition du client: 24 500 $

Réseaux de conseillers financiers

Statistiques du réseau de conseillers financiers de SEI:

• Membres totaux du réseau: 8 700 conseillers indépendants
• Actifs du réseau sous gestion: 362 milliards de dollars
• Taille du portefeuille de conseiller moyen: 41,6 millions de dollars

Applications mobiles

Métriques de performance de la plate-forme mobile:

Fonctionnalité d'application mobile	Statistique d'utilisation
Utilisateurs actifs mensuels	67,400
Transactions mobiles annuelles	1,2 million
Revenus de plate-forme mobile	87,3 millions de dollars

Site Web de l'entreprise

Les métriques d'engagement du site Web de SEI:

• Visiteurs mensuels du site Web: 214 000
• Durée moyenne de la session: 7,2 minutes
• Taux de conversion du site Web: 3,7%

SEI Investments Company (SEIC) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

SEI dessert environ 13 500 clients institutionnels dans le monde en 2023. Le segment des investisseurs institutionnels comprend:

Type de client	Numéro approximatif	Actifs sous gestion
Fonds de pension	3,750	247 milliards de dollars
Dotation	1,200	89 milliards de dollars
Fondations	1,050	62 milliards de dollars

Clients individuels de gestion de patrimoine

SEI gère la richesse pour les clients individuels via plusieurs canaux:

• Actif total des clients individuels: 94,4 milliards de dollars en 2023
• Taille moyenne du compte: 1,2 million de dollars
• Nombre total de comptes de gestion de patrimoine individuels: 78 500

Sponsors du plan de retraite

Couverture des services du plan de retraite de SEI:

Type de plan	Nombre de plans	Total des actifs des participants
Plans d'entreprise 401 (k)	4,200	112 milliards de dollars
Plans de retraite du gouvernement	1,350	38 milliards de dollars

Conseillers financiers

SEI prend en charge les réseaux de conseil financier avec:

• Conseillers financiers enregistrés totaux: 9 800
• Actifs avisés: 362 milliards de dollars
• Actif moyen par conseiller: 36,9 millions de dollars

Individus à haute nette

Les caractéristiques du segment à forte intensité de SEI:

Métrique du segment	Valeur
Taille du compte minimum	5 millions de dollars
Actifs totaux à haute noue	78,6 milliards de dollars
Nombre de clients à forte valeur	4,250

SEI Investments Company (SEIC) - Modèle d'entreprise: Structure des coûts

Développement d'infrastructures technologiques

SEI Investments Company a alloué 166,7 millions de dollars pour les frais de technologie et de communication en 2022.

Catégorie de coûts technologiques	Dépenses annuelles
Développement de logiciels	78,3 millions de dollars
Infrastructure cloud	42,5 millions de dollars
Systèmes de cybersécurité	45,9 millions de dollars

Compensation des employés

Les dépenses totales d'indemnisation pour SEI en 2022 étaient de 599,1 millions de dollars.

• Salaires de base: 392,4 millions de dollars
• Bonus de performance: 126,7 millions de dollars
• Compensation à base d'actions: 80,0 millions de dollars

Recherche et développement

SEI a investi 94,2 millions de dollars dans la recherche et le développement en 2022.

Zone de focus R&D	Investissement
Technologie de gestion de la richesse	52,6 millions de dollars
Innovation de la plate-forme d'investissement	41,6 millions de dollars

Frais de marketing et de vente

Les coûts de marketing et de vente ont totalisé 87,5 millions de dollars en 2022.

• Marketing numérique: 36,2 millions de dollars
• Compensation de l'équipe de vente: 51,3 millions de dollars

Contacments de conformité et de réglementation

Les dépenses de conformité pour SEI en 2022 étaient de 62,3 millions de dollars.

Catégorie de coût de conformité	Dépense
Conseil juridique et réglementaire	24,7 millions de dollars
Technologie de conformité	37,6 millions de dollars

SEI Investments Company (SEIC) - Modèle d'entreprise: Strots de revenus

Frais de gestion des investissements

Pour l'exercice 2023, SEI Investments a déclaré des frais de gestion des investissements de 908,1 millions de dollars. La structure des frais varie en fonction des types d'actifs et de la complexité de gestion.

Classe d'actifs	Plage de pourcentage de frais	Revenus annuels estimés
Investissements institutionnels	0.20% - 0.50%	412,3 millions de dollars
Gestion de patrimoine privée	0.75% - 1.25%	295,7 millions de dollars
Gestion des fonds communs de placement	0.50% - 1.00%	200,1 millions de dollars

Revenus de licences logicielles

SEI a généré des revenus de licences logicielles de 187,5 millions de dollars en 2023, principalement des plateformes de technologie financière.

• Solutions bancaires d'entreprise: 87,2 millions de dollars
• Plateformes de gestion de patrimoine: 62,3 millions de dollars
• Systèmes de comptabilité d'investissement: 38,0 millions de dollars

Frais d'administration du plan de retraite

L'administration du régime de retraite a généré 345,6 millions de dollars de revenus pour SEI en 2023.

Type de plan	Nombre de plans	Frais moyens par plan
Plans 401 (k)	3,750	$85,000
Régimes de prestations définies	1,200	$112,000

Abonnements de services technologiques

Les abonnements de service technologique ont représenté 156,4 millions de dollars de revenus récurrents annuels.

• Services financiers basés sur le cloud: 92,1 millions de dollars
• Systèmes de gestion de la conformité: 41,3 millions de dollars
• Plateformes d'analyse de données: 23,0 millions de dollars

Compensation basée sur la performance

Les frais basés sur les performances ont totalisé 64,2 millions de dollars en 2023, ce qui représente 5,7% du total des sources de revenus.

Métrique de performance	Base de compensation	Total des frais
Performance des fonds de couverture	Excédent de rendement au-dessus de la référence	42,6 millions de dollars
Stratégies d'investissement alternatives	Cibles de retour absolues	21,6 millions de dollars

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.