SEI Investments Company (SEIC): Business Model Canvas [Dec-2025 Updated]

You're digging into SEI Investments Company's engine room, trying to figure out how they manage over $1.8 trillion in assets as of September 30, 2025, and honestly, their business model isn't just about traditional asset management anymore. It's a sharp pivot toward being a tech-enabled outsourcer, using their integrated SEI Wealth Platform (SWP) to drive toward that 28% operating margin goal through massive operational efficiency. Look below for the full breakdown, which maps out strategic moves like their majority stake in Stratos Wealth Holdings and early bets on tokenization platforms, showing exactly where their revenue-from administration fees on AUA to recurring SWP licensing-is generated.

SEI Investments Company (SEIC) - Canvas Business Model: Key Partnerships

You're mapping out the strategic alliances SEI Investments Company relies on to drive growth across its advice, asset management, and administration segments as of late 2025.

Stratos Wealth Holdings represents a major advice channel integration. SEI Investments Company completed the first stage of this strategic investment in December 2025. The initial outlay for the U.S.-based business was approximately $441 million, which represented about 81% of the total transaction value. The total cash consideration committed by SEI Investments Company for a 57.5% equity stake in the new entity, SEI-Eclipse Holding Company, LLC, is approximately $544 million. The second phase, involving the Mexico-based NSC business, is targeted for completion in 2026.

Here's a quick look at the scale of the Stratos partnership:

Metric	Value
Initial U.S. Business Purchase Price	$441 million
Total Committed Equity Purchase Price (for 57.5% stake)	$544 million
Stratos Financial Advisors Network	More than 350
Stratos Client Assets Advised On	Approximately $38 billion
SEI Total Assets Managed, Advised, or Administered (as of Sept 30, 2025)	Approximately $1.8 trillion

The Graphene partnership focuses on expanding SEI Wealth Platform (SWP) deployment in the U.K. market. Graphene, a U.K.-based Infrastructure-as-a-Service provider, will adopt the SWP to offer integrated wealth management infrastructure to its clients. SEI Ventures Inc., SEI Investments Company's venture capital arm, also made a strategic investment in Graphene; the specific financial terms of this investment were not publicly disclosed. As of June 30, 2025, SEI managed, advised, or administered approximately $1.7 trillion in assets.

Exploring digital asset frontiers, SEI Investments Company's partnership with Ctrl Alt involves participation in the Bank of England's Digital Securities Sandbox (DSS). SEI Ventures Inc. made an early-stage investment in Ctrl Alt, which is noted as being immaterial to SEI's financial results. Ctrl Alt, as of March 1, 2025, had tokenized over $295 million in assets across private credit and real estate. SEI Investments Company reported annual revenue of $2.1 billion as of April 8, 2025, and third-quarter 2025 revenue of $578.51 million.

Beyond these specific strategic alliances, SEI Investments Company maintains critical operational partnerships:

• Technology Providers: Collaborations supporting cloud computing infrastructure.
• Technology Providers: Engagements for advanced cybersecurity protocols.
• Technology Providers: Relationships for data analytics and processing capabilities.
• Custodial Relationships: Maintaining existing ties for affiliated RIAs, like Stratos.

For context on SEI Investments Company's operational scale supporting these partnerships, consider these recent figures:

• Third Quarter 2025 Earnings Per Share (EPS): $1.30.
• Second Quarter 2025 Revenue: $559.6 million.
• Stock repurchase authorization increase announced in late 2025: $650 million.

SEI Investments Company (SEIC) - Canvas Business Model: Key Activities

You're looking at the core engine room of SEI Investments Company, the things they absolutely must do well to keep the whole operation running and growing as of late 2025. It's all about execution in technology, managing money, handling the plumbing for others, and smart spending of capital.

Financial Technology Development: Maintaining and evolving the proprietary SEI Wealth Platform (SWP)

The SEI Wealth Platform (SWP) is the central nervous system for their wealth management outsourcing. This activity focuses on keeping that platform current and expanding its reach. As of September 30, 2025, SEI manages, advises, or administers approximately $1.8 trillion in assets across its services. The platform itself supports trading and transactions on 137 stock exchanges across 42 countries and 43 currencies, relying on a single operating infrastructure environment.

Platform growth is measured by client adoption and migration success:

• For the nine months ended September 30, 2025, the global Private Banking business completed 13 client implementation projects on the SWP.
• During that same nine-month period, SEI re-contracted 12 clients onto the SEI Wealth Platform^SM.
• A notable 2025 client migration moved approximately 19,800 accounts, representing $41.5 billion AUM, onto the platform.

Investment Management: Providing multi-manager and Outsourced Chief Investment Officer (OCIO) services

This is where SEI Investments Company deploys its expertise to manage assets for institutional and advisor clients. The demand for the OCIO model remains strong, with worldwide OCIO assets under management expected to grow 7.5% annually to reach $3 trillion by the end of 2025. The Investment Managers segment showed strong performance, posting a record sales quarter in Q3 2025.

Key performance and sales metrics for Q3 2025:

Metric	Value/Detail
Investment Managers Operating Profit Growth (YoY)	15%
Investment Managers Revenue Growth (YoY)	Double-digit
Investment Managers Sales Events from Alternatives	Two-thirds
Assets Under Management (AUM) Growth (QoQ)	5%

Global Operations Outsourcing: Delivering back- and middle-office administration for clients

This activity involves providing the necessary infrastructure, operations, and administrative support that allows wealth managers to focus on client-facing activities. The Private Banks segment, which includes outsourcing components, secured a $13 million win with a leading super-regional US bank in Q3 2025. However, Private Banks operating profit declined 2% year-over-year in Q3 2025, due to the benefit of unusual items recognized in Q3 2024.

Digital Transformation Services: Executing enterprise-scale projects via the Project Management Office (PMO)

The Project Management Office (PMO) is crucial for managing the complex technology implementations and conversions that underpin the SWP adoption and client growth. This team is dedicated to managing the transformation process for clients. Since 2020, the PMO team has launched more than 80 enterprise-scale digital transformation projects globally.

Implementation execution highlights for the first three quarters of 2025 include:

• Total completed SWP implementations: 13.
• Concurrent weekend cutovers executed: Seven (out of the 13 total).
• New professional services engagements signed (nine months ended Sept 30, 2025): 21.

Capital Allocation: Targeted investments in AI, tokenization, and strategic acquisitions

SEI Investments Company is actively deploying capital into strategic growth areas and returning capital to shareholders. A significant recent action involved a strategic investment in Stratos Wealth Holdings. The U.S.-based Stratos business was purchased for approximately $441 million, representing about 81% of the total transaction value. The Stratos network of advisors services approximately $38 billion in client assets.

Capital deployment and return figures for 2025:

• Total cash consideration for 57.5% of SEI-Eclipse Holding Company (Stratos parent): approximately $544 million.
• Anchor investment in LSV's market-neutral hedge fund (Q3 2025): $50 million.
• Shares repurchased in Q3 2025: 1.6 million shares for $141.6 million.
• Total shares repurchased in the trailing 12 months ending Q3 2025: 9.3 million shares for $775 million.
• New share repurchase authorization amount: $650 million.
• Gain recognized in Q2 2025 from the sale of the Family Office Services business: $94.4 million.

SEI Investments Company (SEIC) - Canvas Business Model: Key Resources

You're looking at the core assets that power SEI Investments Company's operations right now, as of late 2025. These aren't just line items; they are the engines driving their value proposition.

SEI Wealth Platform (SWP): Integrated Technology, Operations, and Data Solution

The SEI Wealth Platform is the unified, end-to-end outsourcing solution. It combines technology, operational outsourcing, and asset management into a single infrastructure. This is designed to power the entire client lifecycle, ensuring information shares seamlessly across front-, middle-, and back-office functions. For the nine months ended September 30, 2025, the global Private Banking business saw significant activity on this platform.

• Client Implementations Completed (Nine Months Ended Sept 30, 2025): 13 client implementation projects.
• Client Re-contracts (Nine Months Ended Sept 30, 2025): 12 clients re-contracted on the SEI Wealth Platform.
• Enterprise Projects Launched Since 2020: More than 80.

Client Assets

The sheer scale of assets SEI Investments Company manages, advises, or administers is a massive resource, underpinning fee revenue and operational scale. This figure reflects the trust placed in their technology and management capabilities across various asset classes.

As of September 30, 2025, SEI manages, advises, or administers approximately $1.8 trillion in assets. That's a lot of capital to keep track of.

Asset Metric	Amount as of September 30, 2025
Total Assets Managed, Advised, or Administered	$1.8 trillion
Average Assets Under Administration (Nine Months 2025 vs 2024 Increase)	Increased by $131.6 billion (13%)
Average Assets Under Management in Equity/Fixed Income (Nine Months 2025 vs 2024 Increase, excluding LSV)	Increased by $9.0 billion (5%)

Intellectual Capital

Deep expertise is critical in this space, especially around complex areas like alternative investments and navigating the regulatory landscape. SEI's Project Management Office (PMO) and Professional Services teams bring specialized knowledge to large-scale digital transformation projects, which is a key intangible asset supporting platform adoption.

• Years of Helping Clients Transform: More than 55 years.
• New Professional Services Engagements (Nine Months Ended Sept 30, 2025): 21.

Financial Strength

A fortress balance sheet means SEI Investments Company has the capital flexibility to reinvest, support growth initiatives, and return capital to shareholders, signaling confidence from the Board. They are definitely putting capital to work.

The Board approved an increase to the stock repurchase program, bringing the total available authorization to approximately $773.2 million as of October 20, 2025. This increase included an additional $650 million authorization.

Here's the quick math on that authorization:

Repurchase Program Component	Amount
Total Available Authorization (October 20, 2025)	Approximately $773.2 million
Additional Authorization Approved (October 2025)	$650 million
Remaining Under Existing Authorization (October 20, 2025)	$123.2 million
Typical Annual Share Buyback Range	$500 to $700 million
Debt Level	No debt

Global Workforce

The people executing the strategy are the final, crucial resource. This team drives the service delivery and the innovation required to keep the technology platform relevant.

The global workforce driving service and innovation for SEI Investments Company stands at 5,098 employees.

Finance: draft 13-week cash view by Friday.

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.