Q3 2025 SEI Investments Co Earnings Call Transcript
Key Points
- SEI Investments Co (SEIC) reported record earnings per share (EPS) of $1.30, excluding one-time items, marking an all-time high for the company.
- The Investment Managers segment posted a record sales quarter, driven by strong demand for outsourcing and client expansions.
- SEI Investments Co (SEIC) secured a significant multibillion-dollar fixed income mandate from a state government client, highlighting its competitive strength in specialized mandates.
- Private Banking achieved a $13 million win with a leading super-regional US bank, showcasing SEI's strategic pivot to lead in the regional bank segment.
- The company reported over $100 million in net sales events year-to-date, a record for SEI Investments Co (SEIC) through the third quarter, indicating strong sales momentum.
- SEI Investments Co (SEIC) experienced a contract loss in private banking due to a client's strategic shift, impacting net sales for the segment.
- Institutional margins declined sequentially, influenced by choppier items and a lower revenue base in the segment.
- The company incurred nearly $4 million in severance costs this quarter, reflecting ongoing cost optimization initiatives.
- Despite strong sales, the financial impact of the private banking contract loss is expected to be modest but will occur over multiple years.
- The ongoing investments in technology and talent may lead to flat or slightly reduced margins in the Investment Managers segment as SEI Investments Co (SEIC) continues to focus on future growth.
Good day, and welcome to the Q3 2025 SEI earnings conference call.
(Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker, Brad Burke, Head of Investor Relations. Please go ahead.
Thank you, and welcome, everyone. We appreciate you joining us today for SEI's third quarter 2025 earnings call.
On the call, we have Ryan Hicke, SEI's Chief Executive Officer; Sean Denham, Chief Financial Officer and Chief Operating Officer; and members of our executive management team, including J. Cipriano, Paul Klauder, Michael Lane, Bill McCabe, Mike Peterson, Sneha Shah and Sanjay Sharma.
Before we begin, I'd like to point out that our earnings press release and the presentation accompanying today's call can be found under the Investor Relations section of our website at seic.com. This call is being webcast live, and a replay will be available on the Events and Webcast page of our
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