Q1 2026 SEI Investments Co Earnings Call Transcript
Key Points
- SEI Investments Co (SEIC) reported a 20% increase in adjusted EPS from the previous year, driven by top-line growth and margin expansion.
- The company achieved $67 million in net sales for Q1, surpassing their previous quarterly record by over 40%.
- SEI Investments Co's strategic pillars, including investment in growth engines and reimagining asset management, showed significant progress and validation in Q1.
- The partnership with IBM is enhancing infrastructure modernization, automation, and AI deployment, contributing to margin expansion.
- SEI Investments Co repurchased over $200 million of its stock in Q1, reflecting confidence in its long-term growth outlook and capital allocation strategy.
- The sequential decline in adjusted EPS from Q4 was expected due to a higher effective tax rate and lower investment income and performance fees from LSV.
- IMS margins experienced a modest sequential decline due to the absence of a revenue accrual true-up and onboarding costs associated with substantial sales events.
- Advisors' margins declined due to the inclusion of Stratos, which was impacted by intangible amortization.
- Institutional Investors experienced less than $1 billion of net outflows, primarily due to a large defined benefit client annuitization.
- The company faces potential challenges from AI disruption in fund administration and wealth management advice industries, although it views AI as a positive force.
Hello and thank you for standing by. Welcome to SEI's first-quarter 2026 earnings conference call.
(Operator Instructions)
I would now like to hand the conference over to Brad Burke. You may begin.
Thank you and welcome, everyone, to SEI's first-quarter 2026 earnings call. We appreciate you joining us today.
On the call, we have Ryan Hicke, SEI's Chief Executive Officer; Sean Denham, our Chief Financial and Chief Operating Officer; and members of our Executive Management team, including Michael Lane, Phil McCabe, Mike Peterson, Sneha Shah, Sanjay Sharma, and Amy Sliwinski.
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. A replay will be available on the Events and webcasts page of our website.
With that, I'll now turn the call over to Ryan. Ryan?
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