SEI Investments Company
seic.comWhat Do They Do?
Provides financial technology and outsourced operations to financial firms, and investment management services to financial advisors and institutional investors.
10-K for FY2025, filed Feb 23, 2026In 2025, we earned approximately 57% of our revenue from technology and operations outsourcing and 38% from asset management fees, with the…View ↗
SEI’s core capabilities unify technology, operations, and asset management to power clients’ transformation across advice, asset…View ↗
Our clients include wealth managers, banks, investment advisors, asset managers, family offices, institutional investors, and…View ↗
Business process outsourcing and custody; Fund administration, depositary services, investment accounting, and investor servicing; Curated…View ↗
We deliver comprehensive solutions for managing personal and institutional wealth, including investment strategies, customized model and…View ↗
How Do They Make Money?
Investment operations clients pay for accounting, administration, distribution and compliance services, with fees tied to assets under administration and billed after asset valuations are finalized. Investment management fees are tied to managed assets; processing services bring monthly contracted fees or fees tied to processed assets, while client implementations are project-based.
10-K for FY2025, filed Feb 23, 2026The Company’s principal sources of revenues are: (1) asset management, administration and distribution fees primarily earned based upon a…View ↗
Investment management fees from pooled investment products - Revenues associated with clients' assets invested in Company-sponsored pooled…View ↗
Investment management fees from investment management agreements - Revenues based on assets of clients of the Institutional Investors…View ↗
Investment operations fees - Revenues earned from accounting and administrative services, distribution support services and regulatory and…View ↗
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10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by product or service ↗
$2.3B
-
10-K for FY2025, filed Feb 23, 2026
$2.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Investment management fees from pooled investment products
Recurring
10-K for FY2025, filed Feb 23, 2026 |
18%
FY2022: 22%
|
Investment management fees from pooled investment products, FY2025
$410.6M Sources
|
Recurring |
|
Investment management fees from investment management agreements
Recurring
10-K for FY2025, filed Feb 23, 2026 |
20%
FY2022: 22%
|
Investment management fees from investment management agreements, FY2025
$466.5M Sources
|
Recurring |
|
Investment operations fees
Recurring
10-K for FY2025, filed Feb 23, 2026 |
37%
FY2022: 29%
|
Investment operations fees, FY2025
$858.9M Sources
|
Recurring |
|
Investment processing fees - PaaS
Recurring
10-K for FY2025, filed Feb 23, 2026 |
14%
FY2022: 13%
|
Investment processing fees - PaaS, FY2025
$331M Sources
|
Recurring |
|
Investment processing fees - SaaS
Recurring
|
5.0%
FY2022: 6.0%
|
Investment processing fees - SaaS, FY2025
$114.3M Sources
|
Recurring |
|
Professional services fees
Sold outright
|
1.4%
FY2022: 5.4%
|
Professional services fees, FY2025
$32.5M Sources
|
Sold outright |
|
Account fees and other
|
3.6%
FY2022: 2.8%
|
Account fees and other, FY2025
$83.5M Sources
|
Who Are Their Customers?
SEI contracts directly with investment management firms and family offices for operations services. It also serves banks, independent financial advisors and institutional asset owners through its platforms, investment programs and outsourced management services.
10-K for FY2025, filed Feb 23, 2026Investment operations fees - Revenues earned from accounting and administrative services, distribution support services and regulatory and…View ↗
We provide technology, operations, and asset management solutions primarily to the wealth management businesses embedded within banks and…View ↗
We provide wealth management technology, operations, and asset management solutions for independent financial advisors across the RIA…View ↗
Our Institutional Investors business is one of the first and largest providers of outsourced investment management services. Providing…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 31 cents of every revenue dollar as net income in FY2025 and turned 25 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 26, 2026
$168.3MView ↗
- ▲ +2%
- vs $164.2M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 26, 2026
Open tableView ↗
Growing. Revenue grew 20% in 4 years, from $1.9B in FY2021 to $2.3B in FY2025, about 5% a year.
Expansion into advice delivery
The earlier report described SEI as a technology and investment-solutions provider serving financial firms and families. The latest report describes Stratos as adding an advisory platform and moving SEI into advice delivery alongside its technology, custody and asset-management role.
10-K for FY2022, filed Feb 21, 2023 10-K for FY2025, filed Feb 23, 2026Our strategic investment in the Stratos business repositions SEI in the private wealth and advisor ecosystem by giving the company a…View ↗
Who Do They Compete With?
Competes with SS&C Technologies, State Street, BNY Mellon, Northern Trust, Citco, Fidelity National Information Services, Fi-Tek, SS&C Innovest, FNZ UK, Avaloq, LPL Financial, BlackRock, Envestnet, Orion, Charles Schwab &, Fidelity Investments, Mercer, Aon Hewitt, Willis Towers Watson, and Goldman Sachs
10-K for FY2025, filed Feb 23, 2026Our competitors vary according to the asset class or solutions provided and the domiciles in which they operate. They include SS&C…View ↗
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