Profile: SEI Investments Co (SEIC.O)
19 Jun 2019
SEI Investments Company, incorporated on November 18, 1968, provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world. The Company's segments are Private Banks, Investment Advisors, Institutional Investors, Investment Managers and Investments in New Businesses. The Company's investment management business solutions include investment processing outsourcing solutions for providers of institutional and private-client wealth management services, including banks, trust companies, independent wealth advisors and other financial services firms, and investment management solutions for institutional investors, including retirement plan sponsors, not-for-profit organizations and individual investors. Its investment management business solutions also include investment operations outsourcing solutions for investment management firms, banks and investment companies that sponsor and distribute mutual funds, hedge funds and alternative investments.
The Private Banks segment provides investment processing and investment management programs to banks and trust institutions, independent wealth advisors and financial advisors around the world. The Company offers TRUST 3000 investment processing as an application solution (Software-as-a-Service (SaaS)) or as a business processing solution. Its application solution clients outsource investment processing software services and information processing to the Company. Its business processing solution clients also outsource investment operations, including custody and safekeeping of certain assets, income collection, securities settlement and other back-office accounting activities. It delivers the SEI Wealth Platform as a business processing solution.
The SEI Wealth Platform Platform offers capabilities across a range of wealth management processes, including those of global wealth managers. The Platform enables banks and investment service firms of various types to manage the complexity of their operations, replace legacy platforms, comply with regulations and make use of capital by outsourcing wealth management services. The Private Banks segment also offers investment management and distribution programs for banks, wealth managers and other financial services intermediaries. It also delivers customized solutions, including asset management strategies, as well as, investment manager and portfolio research services. As of December 31, 2016, the Company had business relationships with approximately 320 banks, wealth managers and other financial services intermediaries.
The Investment Advisors segment offers investment management solutions throughout the United States to registered investment advisors, financial planners and life insurance agents, many of whom are registered with independent broker-dealers. These solutions include its investment management programs and back-office investment processing outsourcing services. The Company helps advisors manage and grow their businesses by giving them access to its marketing support programs and its practice management services, which include workflow recommendations, succession planning advice, business assessment assistance and recommended management practices. Its advisors focus on investor relationship, which includes creating financial plans, implementing investment strategies, and educating and servicing their customers. Its wealth and investment programs focus on individual investors, and small to medium-sized institutional retirement plans.
The Company's Institutional Investors segment offers Outsourced Chief Investment Officer (OCIO) solutions to retirement plan sponsors, healthcare systems and not-for-profit organizations around the world. Its advisory services include scenario modeling and customization of an asset allocation plan that is designed to meet long-term objectives. Its plan administration services include trustee, custodial and benefit payment services.
The Investment Managers segment provides investment organizations of various types with the operating infrastructure. The Company's global operating platform provides asset managers with customized and integrated capabilities in the areas of data and information management, investment operations, risk management and compliance support, as well as fund administration, fund accounting and distribution support. As of December 31, 2016, the Company had relationships with 264 investment management companies and alternative investment managers.
Investments in New Businesses
The Company's Investments in New Businesses segment represents other business ventures or research and development activities, which focus on expanding its solutions to various markets, including ultra-high-net-worth families residing in the United States. The family wealth management solution offers flexible family-office type services through a personalized solution, while utilizing a goals-based investment process.
The Company competes with Fidelity National Information Services, Inc., Fi-Tek LLC, Innovest Portfolio Solutions, LLC, Charles Schwab & Co., Inc., Fidelity Investments, AssetMark Investment Services Inc., Brinker Capital, EnvestNet Asset Management, Inc., TD Ameritrade, Mercer, Aon Hewitt, Willis Towers Watson, Russell Investments, Northern Trust Company, State Street, BNY Mellon, SS&C Technologies and Citco.
SEI Investments Co
1 Freedom Valley Dr
OAKS PA 19456-9989