Record Earnings Per Share
SEI delivered record earnings per share (EPS) of 1.3¢, marking an all-time high for the company excluding one-time items.
Strong Sales Performance
Net sales events totaled $31 million, with the investment managers business leading the way. IMS posted a record sales quarter, with two-thirds of sales events tied to client expansion.
Significant Institutional Win
The asset management business secured the single largest mandate win in the institutional segment, a multibillion-dollar fixed income assignment for a state government client.
Private Banking Strategic Win
Private banking secured a $13 million win with a leading super-regional U.S. bank, marking a comprehensive transformation initiative.
Capital Allocation and Share Repurchases
SEI repurchased $142 million in shares during the quarter and $775 million over the past year, representing more than 7% of shares outstanding.