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Corporation
FINANCE
seic.com

Investments

11

Portfolio Exits

4

Funds

2

Partners & Customers

10

About SEI

SEI (NASDAQ:SEIC) is a global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2009, through its subsidiaries and partnerships in which the company has an interest, SEI administers $383 billion in mutual fund and pooled assets aims to manage $156 billion in assets. SEI aims to serve clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide.

Headquarters Location

One Freedom Valley Drive

Oaks, Pennsylvania, 19456,

United States

+1 610 676 1000

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Latest SEI News

SEI recruiting event for financial advisors highlights industry challenges

Sep 25, 2023

An asset management firm, custodian and investment technology provider hosted nearly 100 financial advisors at its offices for a recruiting event aimed at expanding its footprint. Oaks, Pennsylvania-based SEI Investments Company works with more than 8,000 advisors in some capacity with about $90 billion in platform assets across its custodian, investment management and technology arms, according to Erich Holland, the head of sales and experience for SEI's independent advisor business, and Gabriel Garcia, the firm's managing director for client registered investment advisory firm experience. About $35 billion in custodial assets come from 500 to 600 RIAs, with the rest from brokerages and other institutional clients. The firm's Advisor Discovery Forum earlier this month included a town hall with planners posing questions to the firm's executives and panel discussions on industry trends. The event provided a snapshot of the questions that are most important to advisors considering changing custodians or other service providers and a window into SEI's strategy for winning business away from larger firms like Charles Schwab, Fidelity Investments and BNY Mellon's Pershing. Customer service and easy access to SEI's leaders form a key part of the equation, Garcia said. "Spending two days with our team members in our home office really solidifies that and brings that to life," Garcia said in an interview. "This is typically a very successful experience that is a jumping off point for expanding relationships or starting a new relationship with SEI in a meaningful way." July 3, 2023 1:48 PM Garcia noted that the firm currently ranks at about fifth or sixth among industry custodians, which Andrew Besheer, the director of the wealth management practice for consulting firm Datos Insights , said is often seen as a "triopoly of Schwab, Fidelity and Pershing." While most advisors would be likely to move a portion of their assets rather than all of them, established firms like SEI or newer entrants like Altruist or Envestnet and FNZ's strategic partnership could find new business amid the integration of TD Ameritrade into Schwab , Besheer said. "There certainly seems to be a vibrant market for other players in the space, and certainly in a multi-custody world, it feels like there are opportunities," he said in an interview. "There are really two ways you can differentiate yourself and make a case, and those are clearly to me service and technology platform. If you're not Schwab, Fidelity or Pershing, it's going to be really hard to differentiate yourself on price, and I think you'd be stupid to try to get into a race to the bottom." The questions from advisors for SEI's team revolved around technology and finding the efficiency and scale available to billion-dollar teams but often out of reach for smaller firms, according to Holland and Garcia. The proliferation of technology, services and products has become "a bit unmanageable," even in "a new age of the wealth portfolio that's upon us," Holland said. "A different type of consumer has emerged as well — it's a much more educated consumer," Holland said. "Anybody with a smartphone in their hands now believes they're God's gift to investment management. This creates more challenges for advisors. They have to do more now in terms of the services they offer their clients." September 5, 2023 7:32 PM SEI's relationships with private banks catering to wealthy clients and its capacity for trust services could also help the firm gain new business from family offices and advisory teams that work with high net worth customers, according to Besheer. However, the firm could face more competition from technology firms that could potentially act as the "primary point of contact" for advisors while partnering with a custodian on the back end, he said. "I think that changes the business model, and I think it makes it a lot easier to provide rich service and a strong solution to smaller RIAs and more of them than it does for a custodian to do it directly," Besheer said.

SEI Investments

11 Investments

SEI has made 11 investments. Their latest investment was in BondCliQ as part of their Series A on January 1, 2022.

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SEI Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/11/2022

Series A

BondCliQ

$7.5M

Yes

7

6/5/2017

Series A

Advizr

$7.62M

Yes

3

3/14/2008

PIPE - II

Parkervision

$9.33M

No

6/14/2007

Unattributed VC - II

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$99M

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0

12/15/2006

Unattributed VC - II

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$99M

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0

Date

1/11/2022

6/5/2017

3/14/2008

6/14/2007

12/15/2006

Round

Series A

Series A

PIPE - II

Unattributed VC - II

Unattributed VC - II

Company

BondCliQ

Advizr

Parkervision

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Amount

$7.5M

$7.62M

$9.33M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

7

3

0

0

SEI Portfolio Exits

4 Portfolio Exits

SEI has 4 portfolio exits. Their latest portfolio exit was Advizr on July 11, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/11/2019

Acquired

$99M

3

6/18/2007

IPO

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$99M

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0

4/21/2006

IPO

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$99M

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0

6/20/2005

IPO

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$99M

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0

Date

7/11/2019

6/18/2007

4/21/2006

6/20/2005

Exit

Acquired

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

0

0

0

SEI Acquisitions

7 Acquisitions

SEI acquired 7 companies. Their latest acquisition was XPS Pensions Group - National Pensions Trust Business on July 14, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/14/2023

$99M

Acquired Unit

1

11/12/2021

Series C

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$99M

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10

10/26/2021

Debt

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$99M

$99M

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10

10/21/2021

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$99M

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10

3/31/2021

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$99M

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10

Date

7/14/2023

11/12/2021

10/26/2021

10/21/2021

3/31/2021

Investment Stage

Series C

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired Unit

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Sources

1

10

10

10

10

SEI Fund History

2 Fund Histories

SEI has 2 funds, including SEI Global Private Assets V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/8/2020

SEI Global Private Assets V

$315.05M

2

7/8/2020

SEI Global Private Assets V (P)

$99M

10

Closing Date

7/8/2020

7/8/2020

Fund

SEI Global Private Assets V

SEI Global Private Assets V (P)

Fund Type

Status

Amount

$315.05M

$99M

Sources

2

10

SEI Partners & Customers

10 Partners and customers

SEI has 10 strategic partners and customers. SEI recently partnered with Philadelphia Phillies on June 6, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

6/14/2023

Partner

United States

3

5/24/2023

Client

United Kingdom

SEI Investments : Extends Long-term Relationship with Verso

`` We are delighted that Verso Wealth Management have taken the decision to further their relationship with SEI Investments Ltd. .

2

5/9/2023

Client

United States

Barrow Hanley Global Investors Selects SEI for Cloud Migration and Services

OAKS , Pa. , May 9 , 2023 / PRNewswire / -- SEI ® today announced that Barrow Hanley selected SEI to migrate their core applications , platforms , and IT infrastructure to a Microsoft Azure cloud environment .

2

4/25/2023

Vendor

Canada

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10

1/31/2023

Client

United States

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10

Date

6/14/2023

5/24/2023

5/9/2023

4/25/2023

1/31/2023

Type

Partner

Client

Client

Vendor

Client

Business Partner

Country

United States

United Kingdom

United States

Canada

United States

News Snippet

SEI Investments : Extends Long-term Relationship with Verso

`` We are delighted that Verso Wealth Management have taken the decision to further their relationship with SEI Investments Ltd. .

Barrow Hanley Global Investors Selects SEI for Cloud Migration and Services

OAKS , Pa. , May 9 , 2023 / PRNewswire / -- SEI ® today announced that Barrow Hanley selected SEI to migrate their core applications , platforms , and IT infrastructure to a Microsoft Azure cloud environment .

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Sources

3

2

2

10

10

SEI Team

21 Team Members

SEI has 21 team members, including current Chief Technology Officer, Sanjay K. Sharma.

Name

Work History

Title

Status

Sanjay K. Sharma

Chief Technology Officer

Current

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Name

Sanjay K. Sharma

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Work History

Title

Chief Technology Officer

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Status

Current

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