# EDGAR Filing Document

**Accession Number:** 0000350894
**File Stem:** 0000350894-25-000097
**Filing Date:** 2025-7
**Character Count:** 48442
**Document Hash:** f1af82051fc4fb3a7e0558d4022dd3e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000350894-25-000097.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0000350894-25-000097

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 26

**CONFORMED PERIOD OF REPORT**: 20250723

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEI INVESTMENTS CO
- **CENTRAL INDEX KEY:** 0000350894
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 231707341
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-10200
- **FILM NUMBER:** 251143121

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456-1100
- **BUSINESS PHONE:** 6106761000

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456-1100

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEI INVESTMENT CO
- **DATE OF NAME CHANGE:** 20040806

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEI CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? seic-20250723

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

________________________________________

**FORM 8-K** 

________________________________________

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**July 23, 2025** 

**Date of report (Date of earliest event reported)**

________________________________________

![GIF_sei_logo_final_black.gif](seic-20250723_g1.gif)

________________________________________

**SEI INVESTMENTS COMPANY** 

**(Exact name of registrant as specified in charter)**

________________________________________

---

| | | |
|:---|:---|:---|
| **Pennsylvania** | **0-10200** | **23-1707341** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission<br>File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

**1 Freedom Valley Drive** 

**Oaks, Pennsylvania 19456** 

**(Address of Principal Executive Offices and Zip Code)**

**(610) 676-1000** 

**(Registrants' Telephone Number, Including Area Code)**

________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | SEIC | The NASDAQ Stock Market LLC |

---

------

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02.**&nbsp;&nbsp;&nbsp;&nbsp;**Results of Operations and Financial Condition.**

On Wednesday, July 23, 2025, SEI Investments Company (the "Company") issued a press release announcing its financial and operating results for the second quarter ended June 30, 2025. A copy of the press release is furnished as Exhibit 99.1 and incorporated in this Item 2.02 by reference. A recording of the earnings call referenced in the press release furnished as Exhibit 99.1 is available for replay on the Company's website at ir.seic.com/events-presentations/events.

As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 2.02 and Exhibit 99.1 hereto shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.

**Item 7.01.**&nbsp;&nbsp;&nbsp;&nbsp;**Regulation FD Information.**

A copy of an earnings presentation that is intended to be used by representatives of the Company is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to Item 7.01 and Exhibit 99.2 hereof shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.

**Item 9.01.**&nbsp;&nbsp;&nbsp;&nbsp;**Financial Statements and Exhibits.** 

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 99.1 | <u>[Press Release dated](seic-earningsreleaseex9910.htm)[July 23, 2025](seic-earningsreleaseex9910.htm)[of SEI Investments Company related to the Company's financial and operating results for the](seic-earningsreleaseex9910.htm)[second](seic-earningsreleaseex9910.htm)[quarter ended](seic-earningsreleaseex9910.htm)[June 30, 2025](seic-earningsreleaseex9910.htm)</u> |
| 99.2 | <u>[Earnings Presentation of SEI Investments Company for the second quarter ended June 30, 2025](q22025seicearningspresen.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | SEI INVESTMENTS COMPANY | SEI INVESTMENTS COMPANY |
| Date: | July 23, 2025 | By: | /s/ Sean J. Denham |
|  |  |  | Sean J. Denham<br>Chief Financial and Chief Operating Officer |

---

## Exhibit 99.1

![headerimage_v1-01a.jpg](headerimage_v1-01a.jpg)

**<u>Investor contact</u>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Media contact</u>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

Brad Burke&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leslie Wojcik

SEI&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEI&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

+1 610-676-5350&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+1 610-676-4191

<u>bburke2@seic.com</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>lwojcik@seic.com</u>

Pages:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10

***FOR IMMEDIATE RELEASE***

**SEI Reports Second-Quarter 2025 Financial Results**

**OAKS, Pa., July 23, 2025 –** SEI Investments Company (NASDAQ:SEIC) today announced financial results for the second quarter 2025. Relative to the second quarter 2024, EPS increased by 70%, and revenue and operating income grew by 8% and 9%, respectively, with operating margin increasing to 27%. Q2 2025 EPS benefited by $0.58 from several items affecting comparability against prior quarters, most notably the $94.4 million gain on the sale of SEI's Family Office Services business.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Overview** | | | | | | |
| (In thousands, except earnings per share) | For the Three Months Ended June 30, | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, | For the Six Months Ended June 30, |  |
|  | <u>2025</u> | <u>2024</u> | <u>%</u> | <u>2025</u> | <u>2024</u> | <u>%</u> |
| Revenues | $559601 | $518986 | 8% | $1110945 | $1030565 | 8% |
| Operating income | 148635 | 136514 | 9% | 305732 | 262365 | 17% |
| Operating margin | 27% | 26% | 4% | 28% | 25% | 12% |
| Net income | 227083 | 139120 | 63% | 378600 | 270520 | 40% |
| Diluted earnings per share | $1.78 | $1.05 | 70% | $2.95 | $2.04 | 45% |

---

"SEI achieved another strong quarter across our core businesses. We are executing with conviction and discipline, positioning the company for sustained growth. As we prepare SEI to support that growth and our clients' evolving needs, we are making intentional investments in our talent, technology, and infrastructure to enhance our capabilities and scale," said CEO Ryan Hicke.

"Our strategic investment in Stratos demonstrates our commitment to challenging ourselves to change and innovate in the pursuit of our goal to be the leading provider of wealth management solutions and services. We will continue to invest capital in areas where we have conviction that the long-term opportunity will maximize the return for our clients, employees, and shareholders.

"We're excited to welcome two highly experienced, independent directors to our Board. Karin Risi and Tom Naratil bring tremendous expertise and insight that will be invaluable as we continue to execute our growth strategies."

------

**Summary of Second-Quarter Results by Business Segment**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (In thousands) | For the Three Months Ended June 30, | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, | For the Six Months Ended June 30, |  |
|  | <u>2025</u> | <u>2024</u> | <u>%</u> | <u>2025</u> | <u>2024</u> | <u>%</u> |
| Investment Managers: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenues | $195067 | $179868 | 8% | $387115 | $352521 | 10% |
| &nbsp;&nbsp;&nbsp;Expenses | 121636 | 111287 | 9% | 238847 | 220837 | 8% |
| &nbsp;&nbsp;&nbsp;Operating Profit | 73431 | 68581 | 7% | 148268 | 131684 | 13% |
| &nbsp;&nbsp;&nbsp;Operating Margin | 38% | 38% |  | 38% | 37% |  |
| Private Banks: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenues | 141449 | 132401 | 7% | 279163 | 262538 | 6% |
| &nbsp;&nbsp;&nbsp;Expenses | 118724 | 111890 | 6% | 233473 | 224864 | 4% |
| &nbsp;&nbsp;&nbsp;Operating Profit | 22725 | 20511 | 11% | 45690 | 37674 | 21% |
| &nbsp;&nbsp;&nbsp;Operating Margin | 16% | 15% |  | 16% | 14% |  |
| Investment Advisors: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenues | 137193 | 120587 | 14% | 273769 | 243305 | 13% |
| &nbsp;&nbsp;&nbsp;Expenses | 75801 | 68953 | 10% | 148256 | 135911 | 9% |
| &nbsp;&nbsp;&nbsp;Operating Profit | 61392 | 51634 | 19% | 125513 | 107394 | 17% |
| &nbsp;&nbsp;&nbsp;Operating Margin | 45% | 43% |  | 46% | 44% |  |
| Institutional Investors: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenues | 69343 | 71507 | (3)% | 137849 | 143285 | (4)% |
| &nbsp;&nbsp;&nbsp;Expenses | 35857 | 38426 | (7)% | 71727 | 78535 | (9)% |
| &nbsp;&nbsp;&nbsp;Operating Profit | 33486 | 33081 | 1% | 66122 | 64750 | 2% |
| &nbsp;&nbsp;&nbsp;Operating Margin | 48% | 46% |  | 48% | 45% |  |
| Investments in New Businesses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenues | 16549 | 14623 | 13% | 33049 | 28916 | 14% |
| &nbsp;&nbsp;&nbsp;Expenses | 18430 | 18580 | (1)% | 36926 | 36963 | —% |
| &nbsp;&nbsp;&nbsp;Operating Loss | (1881) | (3957) | (52)% | (3877) | (8047) | (52)% |
| Totals: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenues | $559601 | $518986 | 8% | $1110945 | $1030565 | 8% |
| &nbsp;&nbsp;&nbsp;Expenses | 370448 | 349136 | 6% | 729229 | 697110 | 5% |
| &nbsp;&nbsp;&nbsp;Corporate Overhead Expenses | 40518 | 33336 | 22% | 75984 | 71090 | 7% |
| &nbsp;&nbsp;&nbsp;Income from Operations | $148635 | $136514 | 9% | $305732 | $262365 | 17% |

---

------

**Second-Quarter Business Highlights:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SEI achieved diluted EPS of $1.78, up 70% from the prior year, reflecting continued momentum in SEI's business in addition to the $0.58 impact of several items affecting comparability in the quarter, specifically:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ A $0.60 benefit associated with the gain on sale of the Family Office Services business, and a settlement gain from the resolution of a long-standing vendor negotiation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ A $0.02 combined loss from FX transaction losses and M&A legal fees from our recently announced acquisition of Stratos Wealth Holdings, reflected in Corporate Overhead.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net sales events during the second quarter 2025 were $29.2 million, bringing net sales events for the trailing 12 months to $160.4 million, a new record. Sales events were driven by the Investment Managers business, which achieved a balanced mix of wins across alternatives, traditional and international investment managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Sales pipelines across all of SEI's businesses remain healthy, including Private Banking and the Asset Management businesses, where net sales events have improved considerably against 2024 losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated revenues and operating income increased by 8% and 9%, respectively, from Q2 2024. SEI's consolidated operating margin of 27% represents a modest improvement over the prior year and a decline vs. Q1 2025, reflecting increased investments in both talent and technology to support expected growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Private Banks operating profit growth of 11% reflects continued momentum and the positive impact of several clients going live in the quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Investment Managers operating profit growth of 7% was driven by a double-digit increase in alternative manager revenue, partially offset by a slight decline in traditional revenue due to volatile Q2 market valuations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Investment Managers operating profit margin declined vs. Q1 2025 due to hiring ahead of expected new business and a challenging comparison due to first quarter delays in hiring.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Investment Advisors operating profit growth of 19% reflects the $21M contribution from SEI's integrated cash program, up $11M from Q2 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Investment Advisors and Institutional Investors realized flat revenue growth relative to Q1 2025 as market appreciation in May and June offset significant declines realized in April.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Average assets under administration increased by 4%, and average assets under management increased 2% relative to Q1 2025. Ending assets under management increased by 6% from Q1 to Q2, reflecting significant market appreciation realized during the months of May and June.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Institutional Investors and Investment Advisors net flows have improved year-to-date, posting just over $1 billion of net outflows against more than $7 billion of net outflows in the first half of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* SEI repurchased 2.2 million shares of common stock for $180.8 million during the second quarter 2025 at an average price of $83.60 per share, bringing total shares repurchased to 9.0 million for the trailing 12 months.

------

**Earnings Conference Call**

A conference call and presentation to review earnings is scheduled for 5 p.m. Eastern time on July 23, 2025. Analysts and investors are invited to join the call by completing the registration form. The public is invited to review the presentation and listen to the call and replay at ir.seic.com/events-presentations/events.

Link for registration form: https://register-conf.media-server.com/register/BIfd556ca2d12b41ee852cbc0a021d1a2b

**About SEI**<sup>®</sup>

SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2025, SEI manages, advises, or administers approximately $1.7 trillion in assets. For more information, visit seic.com.

This release contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission. In some cases you can identify forward-looking statements by terminology, such as "may," "will," "expect," "believe" and "continue" or "appear." Our forward-looking statements include our current expectations as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• whether we are positioned for sustained growth;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the nature of our internal investments and the factors that drive these investments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our goals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the strength of our pipelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our focus on profitability and cost leverage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our cost discipline and its effects on profitability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our investment priorities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• when and if we will generate net annualized recurring revenues from sales events that occurred during the quarter, as well as the amount of any such revenue.

You should not place undue reliance on our forward-looking statements, as they are based on the current beliefs and expectations of our management and subject to significant risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe the assumptions upon which we base our forward-looking statements are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in our forward-looking statements can be found in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the Securities and Exchange Commission.

\# \# \#

------

**SEI INVESTMENTS COMPANY**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**(In thousands, except per share data) (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **For the Three Months Ended June 30,** | **For the Three Months Ended June 30,** | **For the Six Months Ended June 30,** | **For the Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| Asset management, admin. and distribution fees | $437543 | $409398 | $869686 | $813764 |
| Information processing and software servicing fees | 122058 | 109588 | 241259 | 216801 |
| Total revenues | 559601 | 518986 | 1110945 | 1030565 |
| Subadvisory, distribution and other asset mgmt. costs | 49709 | 46542 | 97241 | 93310 |
| Software royalties and other information processing costs | 9191 | 8096 | 18272 | 16567 |
| Compensation, benefits and other personnel | 199574 | 185878 | 390358 | 378794 |
| Stock-based compensation | 13891 | 12469 | 28029 | 23528 |
| Consulting, outsourcing and professional fees | 56942 | 53991 | 112943 | 105967 |
| Data processing and computer related | 41801 | 38074 | 81120 | 75234 |
| Facilities, supplies and other costs | 21744 | 18570 | 40499 | 37173 |
| Amortization | 10449 | 10485 | 21159 | 20871 |
| Depreciation | 7665 | 8367 | 15592 | 16756 |
| Total expenses | 410966 | 382472 | 805213 | 768200 |
| Income from operations | 148635 | 136514 | 305732 | 262365 |
| Net gain from investments | 1759 | 666 | 2252 | 2922 |
| Interest and dividend income | 9283 | 11552 | 19504 | 22371 |
| Interest expense | (92) | (139) | (277) | (278) |
| Gain on sale of business | 94412 |  | 94412 |  |
| Other income | 4500 |  | 4500 |  |
| Equity in earnings of unconsolidated affiliate | 33640 | 34219 | 62387 | 65862 |
| Income before income taxes | 292137 | 182812 | 488510 | 353242 |
| Income taxes | 65054 | 43692 | 109910 | 82722 |
| Net income | $227083 | $139120 | $378600 | $270520 |
| Basic earnings per common share | $1.82 | $1.06 | $3.02 | $2.06 |
| Shares used to calculate basic earnings per share | 124470 | 130815 | 125516 | 131116 |
| Diluted earnings per common share | $1.78 | $1.05 | $2.95 | $2.04 |
| Shares used to calculate diluted earnings per share | 127278 | 132073 | 128364 | 132409 |
| Dividends declared per common share | $0.49 | $0.46 | $0.49 | $0.46 |

---

------

**SEI INVESTMENTS COMPANY**

**CONSOLIDATED BALANCE SHEETS**

**(In thousands) (Unaudited)**

---

| | | |
|:---|:---|:---|
| | **June 30,**<br>**2025** | **December 31,**<br>**2024** |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $746349 | $840193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables from investment products | 49095 | 54118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables, net of allowance for doubtful accounts of $2,124 and $1,435 | 637568 | 567634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities owned | 31682 | 29583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 66310 | 60282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets | 1531004 | 1551810 |
| &nbsp;&nbsp;&nbsp;Property and Equipment, net of accumulated depreciation of $503,326 and $493,219 | 155690 | 159643 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating Lease Right-of-Use Assets | 26693 | 28905 |
| &nbsp;&nbsp;&nbsp;Capitalized Software, net of accumulated amortization of $653,008 and $641,071 | 235601 | 236023 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | 290466 | 315567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 168738 | 170287 |
| &nbsp;&nbsp;&nbsp;Intangible Assets, net of accumulated amortization of $41,550 and $55,835 | 65189 | 77370 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred Contract Costs | 47218 | 45855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred Income Taxes | 51379 | 51984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Assets, net | 54288 | 47162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $2626266 | $2684606 |
| **Liabilities and Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $13084 | $13081 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 214507 | 347513 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current portion of long-term operating lease liabilities | 7400 | 7900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 12583 | 12019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities | 247574 | 380513 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term Income Taxes Payable |  | 803 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term Operating Lease Liabilities | 21646 | 24235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Long-term Liabilities | 18607 | 26943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | 287827 | 432494 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' Equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.01 par value, 750,000 shares authorized; 123,697 and 126,840 shares issued and outstanding | 1236 | 1268 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital in excess of par value | 1619133 | 1539816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 739453 | 758003 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (21383) | (46975) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Shareholders' Equity | 2338439 | 2252112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities and Shareholders' Equity | $2626266 | $2684606 |

---

------

**SEI INVESTMENTS COMPANY**

**CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS**

**(In thousands) (Unaudited)**

---

| | | |
|:---|:---|:---|
| | **For the Six Months Ended June 30,** | **For the Six Months Ended June 30,** |
| | **2025** | **2024** |
| Cash flows from operating activities: |  |  |
| Net income | $378600 | $270520 |
| Adjustments to reconcile net income to net cash provided by operating activities | (135595) | (43490) |
| Net cash provided by operating activities | $243005 | $227030 |
| Net cash provided by/(used in) investing activities | $65268 | ($61082) |
| Net cash used in financing activities | ($419220) | ($229687) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 17103 | (2667) |
| Net decrease in cash, cash equivalents and restricted cash | (93844) | (66406) |
| Cash, cash equivalents and restricted cash, beginning of period | 840193 | 834998 |
| Cash, cash equivalents and restricted cash, end of period | $746349 | $768592 |

---

------

**ENDING ASSET BALANCES**

**(In millions) (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Jun. 30 | Sep. 30 | Dec. 31 | Mar. 31 | Jun. 30 |
| | 2024 | 2024 | 2024 | 2025 | 2025 |
| Investment Managers: |  |  |  |  |  |
| Collective trust fund programs (A) | $192747 | $204429 | $202384 | $209491 | $225690 |
| Liquidity funds | 221 | 233 | 188 | 244 | 307 |
| Total assets under management | $192968 | $204662 | $202572 | $209735 | $225997 |
| Client assets under administration | 998315 | 1022515 | 1032812 | 1061067 | 1128325 |
| Total assets | $1191283 | $1227177 | $1235384 | $1270802 | $1354322 |
| Private Banks: |  |  |  |  |  |
| Equity and fixed-income programs | $25031 | $26565 | $25523 | $25590 | $27839 |
| Collective trust fund programs | 5 | 5 | 4 | 4 | 3 |
| Liquidity funds | 2699 | 2948 | 2688 | 3670 | 2796 |
| Total assets under management | $27735 | $29518 | $28215 | $29264 | $30638 |
| Client assets under administration | 7813 | 8349 | 8340 | 8365 | 8431 |
| Total assets | $35548 | $37867 | $36555 | $37629 | $39069 |
| Investment Advisors: |  |  |  |  |  |
| Equity and fixed-income programs | $74556 | $78361 | $76283 | $75689 | $80618 |
| Liquidity funds | 4301 | 2790 | 3105 | 3153 | 3457 |
| Total Platform assets under management | $78857 | $81151 | $79388 | $78842 | $84075 |
| Platform-only assets | 21908 | 24501 | 25244 | 25591 | 29848 |
| Platform-only assets-deposit program | 894 | 2447 | 2398 | 2216 | 2155 |
| Total Platform assets | $101659 | $108099 | $107030 | $106649 | $116078 |
| Institutional Investors: |  |  |  |  |  |
| Equity and fixed-income programs | $75542 | $79252 | $75481 | $76491 | $80112 |
| Collective trust fund programs | 1 | 1 | 1 | 1 |  |
| Liquidity funds | 2309 | 1829 | 1511 | 1580 | 1768 |
| Total assets under management | $77852 | $81082 | $76993 | $78072 | $81880 |
| Client assets under advisement | 7886 | 8038 | 5955 | 5573 | 6090 |
| Total assets | $85738 | $89120 | $82948 | $83645 | $87970 |
| Investments in New Businesses: |  |  |  |  |  |
| Equity and fixed-income programs | $2285 | $2825 | $2747 | $2661 | $2867 |
| Liquidity funds | 631 | 246 | 297 | 288 | 244 |
| Total assets under management | $2916 | $3071 | $3044 | $2949 | $3111 |
| Client assets under administration (E) | 14848 | 15110 | 14791 | 14846 |  |
| Client assets under advisement | 1886 | 2021 | 2185 | 2219 | 2593 |
| Total assets | $19650 | $20202 | $20020 | $20014 | $5704 |
| LSV Asset Management: |  |  |  |  |  |
| Equity and fixed-income programs (B) | $90197 | $93855 | $86501 | $87114 | $91795 |
| Total: |  |  |  |  |  |
| Equity and fixed-income programs (C) | $267611 | $280858 | $266535 | $267545 | $283231 |
| Collective trust fund programs | 192753 | 204435 | 202389 | 209496 | 225693 |
| Liquidity funds | 10161 | 8046 | 7789 | 8935 | 8572 |
| Total assets under management | $470525 | $493339 | $476713 | $485976 | $517496 |
| Client assets under advisement | 9772 | 10059 | 8140 | 7792 | 8683 |
| Client assets under administration (D) | 1020976 | 1045974 | 1055943 | 1084278 | 1136756 |
| Platform-only assets | 22802 | 26948 | 27642 | 27807 | 32003 |
| Total assets | $1524075 | $1576320 | $1568438 | $1605853 | $1694938 |

---

(A)Collective trust fund program assets in the Investment Managers segment are included in assets under management since SEI is the trustee. Fees earned on this product are less than fees earned on customized asset management programs.

(B)Equity and fixed-income programs include $1.4 billion of assets managed by LSV in which fees are based solely on performance and are not calculated as an asset-based fee (as of June 30, 2025).

(C)Equity and fixed-income programs include $6.7 billion of assets invested in various asset allocation funds (as of June 30, 2025).

(D)&nbsp;&nbsp;&nbsp;&nbsp;In addition to the assets presented, SEI also administers an additional $11.4 billion in Funds of Funds assets on which SEI does not earn an administration fee (as of June 30, 2025).

(E)&nbsp;&nbsp;&nbsp;&nbsp;Client assets under administration related to the Family Office Services business divested on June 30, 2025.

------

**AVERAGE ASSET BALANCES**

**(In millions) (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | 2nd Qtr. | 3rd Qtr. | 4th Qtr. | 1st Qtr. | 2nd Qtr. |
| | 2024 | 2024 | 2024 | 2025 | 2025 |
| Investment Managers: |  |  |  |  |  |
| Collective trust fund programs (A) | $189884 | $198839 | $204954 | $208720 | $215085 |
| Liquidity funds | 227 | 245 | 223 | 256 | 288 |
| Total assets under management | $190111 | $199084 | $205177 | $208976 | $215373 |
| Client assets under administration | 982806 | 1005111 | 1034500 | 1061282 | 1098925 |
| Total assets | $1172917 | $1204195 | $1239677 | $1270258 | $1314298 |
| Private Banks: |  |  |  |  |  |
| Equity and fixed-income programs | $24859 | $25823 | $26067 | $25894 | $26533 |
| Collective trust fund programs | 5 | 5 | 4 | 4 | 3 |
| Liquidity funds | 2734 | 2858 | 2814 | 2961 | 2771 |
| Total assets under management | $27598 | $28686 | $28885 | $28859 | $29307 |
| Client assets under administration | 7884 | 8074 | 8395 | 8488 | 8266 |
| Total assets | $35482 | $36760 | $37280 | $37347 | $37573 |
| Investment Advisors: |  |  |  |  |  |
| Equity and fixed-income programs | $73793 | $76111 | $77866 | $77287 | $76629 |
| Liquidity funds | 4348 | 4264 | 3031 | 3119 | 3464 |
| Total Platform assets under management | $78141 | $80375 | $80897 | $80406 | $80093 |
| Platform-only assets | 20897 | 23194 | 25109 | 25939 | 27288 |
| Platform-only assets-deposit program | 886 | 1176 | 2186 | 2187 | 2152 |
| Total Platform assets | $99924 | $104745 | $108192 | $108532 | $109533 |
| Institutional Investors: |  |  |  |  |  |
| Equity and fixed-income programs | $75203 | $77473 | $77399 | $76492 | $77843 |
| Collective trust fund programs | 1 | 1 | 1 | 1 |  |
| Liquidity funds | 1893 | 2046 | 2154 | 1655 | 1853 |
| Total assets under management | $77097 | $79520 | $79554 | $78148 | $79696 |
| Client assets under advisement | 7508 | 7925 | 6991 | 5741 | 5841 |
| Total assets | $84605 | $87445 | $86545 | $83889 | $85537 |
| Investments in New Businesses: |  |  |  |  |  |
| Equity and fixed-income programs | $2234 | $2432 | $2819 | $2801 | $2732 |
| Liquidity funds | 471 | 546 | 269 | 274 | 244 |
| Total assets under management | $2705 | $2978 | $3088 | $3075 | $2976 |
| Client assets under administration (E) | 14713 | 14973 | 14961 | 14630 | 14917 |
| Client assets under advisement | 2014 | 1885 | 2110 | 2205 | 2329 |
| Total assets | $19432 | $19836 | $20159 | $19910 | $20222 |
| LSV Asset Management: |  |  |  |  |  |
| Equity and fixed-income programs (B) | $90849 | $93195 | $88880 | $87790 | $89422 |
| Total: |  |  |  |  |  |
| Equity and fixed-income programs (C) | $266938 | $275034 | $273031 | $270264 | $273159 |
| Collective trust fund programs | 189890 | 198845 | 204959 | 208725 | 215088 |
| Liquidity funds | 9673 | 9959 | 8491 | 8265 | 8620 |
| Total assets under management | $466501 | $483838 | $486481 | $487254 | $496867 |
| Client assets under advisement | 9522 | 9810 | 9101 | 7946 | 8170 |
| Client assets under administration (D) | 1005403 | 1028158 | 1057856 | 1084400 | 1122108 |
| Platform-only assets | 21783 | 24370 | 27295 | 28126 | 29440 |
| Total assets | $1503209 | $1546176 | $1580733 | $1607726 | $1656585 |

---

(A)&nbsp;&nbsp;&nbsp;&nbsp;Collective trust fund program average assets in the Investment Managers segment are included in assets under management since SEI is the trustee. Fees earned on this product are less than fees earned on customized asset management programs.

(B)&nbsp;&nbsp;&nbsp;&nbsp;Equity and fixed-income programs during second-quarter 2025 include $1.4 billion of average assets managed by LSV in which fees are based solely on performance and are not calculated as an asset-based fee.

(C)&nbsp;&nbsp;&nbsp;&nbsp;Equity and fixed-income programs include $6.5 billion of average assets invested in various asset allocation funds during second-quarter 2025.

(D)&nbsp;&nbsp;&nbsp;&nbsp;In addition to the assets presented, SEI also administers an additional $11.2 billion of average assets in Funds of Funds assets during second-quarter 2025 on which SEI does not earn an administration fee.

(E)&nbsp;&nbsp;&nbsp;&nbsp;Client assets under administration include $14.9 billion of average assets during second-quarter 2025 related to the Family Office Services business which was divested on June 30, 2025.

------

**SALES EVENTS**

**(In thousands) (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Net Recurring Sales Events** | **Net Recurring Sales Events** | **Net Recurring Sales Events** | **Net Recurring Sales Events** | **Net Recurring Sales Events** | **Net Recurring Sales Events** |
|  | 2nd Qtr. | 3rd Qtr. | 4th Qtr. | 1st Qtr. | 2nd Qtr. |
|  | 2024 | 2024 | 2024 | 2025 | 2025 |
| **Investment Processing-related Businesses:** |  |  |  |  |  |
| Investment Managers | $17180 | $23319 | $18027 | $25296 | $21928 |
| Private Banks | 4331 | 9417 | 9245 | 7059 | 254 |
| Total Investment Processing-related Businesses | $21511 | $32736 | $27272 | $32355 | $22182 |
| **Asset Management-related Businesses:** |  |  |  |  |  |
| Private Banks-AMD | $(494) | $(854) | $495 | $(58) | $(174) |
| Investment Advisors | (3299) | 2686 | 1339 | 888 | (1654) |
| Institutional Investors | (1787) | (576) | (2673) | 41 | 2544 |
| Total Asset Management-related Businesses | $(5580) | $1256 | $(839) | $871 | $716 |
| **Newer Initiatives:** |  |  |  |  |  |
| Investments in New Businesses | $(43) | $936 | $1778 | $3614 | $1245 |
| Total Net Recurring Sales Events | $15888 | $34928 | $28211 | $36840 | $24143 |
| **Non-Recurring Sales Events** | **Non-Recurring Sales Events** | **Non-Recurring Sales Events** | **Non-Recurring Sales Events** | **Non-Recurring Sales Events** | **Non-Recurring Sales Events** |
|  | 2nd Qtr. | 3rd Qtr. | 4th Qtr. | 1st Qtr. | 2nd Qtr. |
|  | 2024 | 2024 | 2024 | 2025 | 2025 |
| **Investment Processing-related Businesses:** |  |  |  |  |  |
| Investment Managers | $930 | $712 | $2465 | $835 | $1102 |
| Private Banks | 4431 | 8796 | 6622 | 7060 | 2373 |
| Total Investment Processing-related Businesses | $5361 | $9508 | $9087 | $7895 | $3475 |
| **Newer Initiatives:** |  |  |  |  |  |
| Investments in New Businesses | $717 | $1976 | $921 | $1834 | $1552 |
| Total Non-Recurring Sales Events | $6078 | $11484 | $10008 | $9729 | $5027 |
| **Total Sales Events** | **Total Sales Events** | **Total Sales Events** | **Total Sales Events** | **Total Sales Events** | **Total Sales Events** |
|  | 2nd Qtr. | 3rd Qtr. | 4th Qtr. | 1st Qtr. | 2nd Qtr. |
|  | 2024 | 2024 | 2024 | 2025 | 2025 |
| **Investment Processing-related Businesses:** |  |  |  |  |  |
| Investment Managers | $18110 | $24031 | $20492 | $26131 | $23030 |
| Private Banks | 8762 | 18213 | 15867 | 14119 | 2627 |
| Total Investment Processing-related Businesses | $26872 | $42244 | $36359 | $40250 | $25657 |
| **Asset Management-related Businesses:** |  |  |  |  |  |
| Private Banks-AMD | $(494) | $(854) | $495 | $(58) | $(174) |
| Investment Advisors | (3299) | 2686 | 1339 | 888 | (1654) |
| Institutional Investors | (1787) | (576) | (2673) | 41 | 2544 |
| Total Asset Management-related Businesses | $(5580) | $1256 | $(839) | $871 | $716 |
| **Newer Initiatives:** |  |  |  |  |  |
| Investments in New Businesses | $674 | $2912 | $2699 | $5448 | $2797 |
| Total Sales Events | $21966 | $46412 | $38219 | $46569 | $29170 |

---

## Exhibit 99.2

![](q22025seicearningspresen001.jpg)

SEI Investments Company (NASDAQ: SEIC) Q2 2025 Earnings Presentation

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![](q22025seicearningspresen002.jpg)

This presentation contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission. In some cases you can identify forward- looking statements by terminology, such as "may," "will," "expect," "believe," "remain" and "continue" or "appear." Our forward-looking statements include our current expectations as to: • the benefits that we and our stakeholders will receive as a consequence of our partnership with Stratos Wealth Management; • our commitment to long-term growth, innovation and accountability; • our focus on execution and the benefits of this focus: • our ability to maintain our sales momentum; • when we will receive the benefits, if at all, of the investments we make; • our cost controls; • the impact of our resource allocations; • our potential, both short and long-term; • the duration of market weaknesses and the effect on us; • the degree to which our hiring will lead to improved execution and support our growth; • the stability of our margins; • the pace of our sales events and market conditions in the second half of 2025; • the timing of the closing of our partnership with Stratos Wealth Management; • the source of our funding of our purchase of the equity of Stratos Wealth Management; • the evolution of our go to market strategy; • our ability to serve the world's most sophisticated institutional, wealth, and asset management organizations; • our strategic priorities and our ability to execute against these priorities; • the strength of our position to address the current and future uncertainties; • the impacts of market uncertainty; • our investment priorities; • our ability to deliver sustained, long-term growth and shareholder value; • the demand for our products and services; • the headwinds that may affect our businesses; • the opportunities available to us for growth and to gain share in the markets or regions in which we currently, and seek to, participate; • the performance of our various businesses, including the margins and profitability of such businesses and the events that may affect the margins, profitability and growth prospects of these businesses; • the drivers of future revenue, margin and earnings growth; • the benefits, if any, that we or our clients may derive from acquired assets; • the strength and elements of our balance sheet; • the strength of our pipelines and the momentum that each may have; • our run rate and the stability of the elements of that run rate; • the resiliency of our business; and • the market dynamics affecting our businesses. You should not place undue reliance on our forward-looking statements, as they are based on the current beliefs and expectations of our management and subject to significant risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe the assumptions upon which we base our forward-looking statements are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in our forward-looking statements can be found in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the Securities and Exchange Commission. Past performance does not guarantee future results. Safe Harbor Statement 2 SEI Earnings PresentationQ2 2025

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![](q22025seicearningspresen003.jpg)

Q2 2025 vs. Q2 '24 vs. Q1 '25 Revenues 559.6 7.8% 1.5% Operating Income 148.6 8.9% -5.4% Net Income 227.1 63.2% 49.9% EPS $1.78 69.5% 52.1% Net Sales Events 29.2 32.8% -37.4% Operating Margin 26.6% 0.3% -1.9% Assets Under Management ($B) 517.5 10.0% 6.5% Administration, Platform & Advisement ($B) 1,177.4 11.8% 5.1% % Change Q2 2025 highlights. SEI Earnings PresentationQ2 2025 EPS of $1.78 includes several non-recurring items – Excluding impact of these items, EPS increased on both a sequential and year-over-year basis Net sales events totaled $29M, led by Investment Managers and reflecting temporary delays in Private Banking. Pipelines across SEI's business remain strong Margins improved year-over-year but declined sequentially due to investments to support strong sales momentum and expected growth $ in millions except EPS; AUM; and Assets under administration, platform-only, and advisement; and platform-only assets Operating margin % change represents improvement or decline in margin rate vs. prior period Q2 2025 reflects continued momentumQ2 2025 financial snapshot 3

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![](q22025seicearningspresen004.jpg)

Earnings per share. SEI Earnings PresentationQ2 2025 Reported Q2 EPS of $1.78, including unusual items: • $0.60 gain on the sale of FOS and a vendor settlement gain, both reflected in other income • $0.02 of non-recurring expenses captured in corporate overhead (FX losses and M&A fees) Excluding unusual items: • EPS increased on both a year- over-year and sequential basis • All SEI businesses reported increased operating profit on a year-over-year basis • Elevated share repurchases support EPS growth both sequentially and year-over-year Strong EPS growth ex-unusual items Q2 2024 Private Banks Investment Advisors Institutional Investors Investment Managers LSV Income Corporate Overhead Tax Rate & Other Share Count Q2 2025 +69% Q1 2025 Private Banks Investment Advisors Institutional Investors Investment Managers LSV Income Corporate Overhead Tax Rate & Other Share Count Q2 2025 +52% Y e a r- O v e r- Y e a r Q u a rt e r- O v e r- Q u a rt e r 4 $1.05 $0.01 $0.06 $0.00 $0.03 $0.00 -$0.04 $0.61 $0.06 $1.78 $1.17 $0.00 -$0.02 $0.01 -$0.01 $0.03 -$0.03 $0.61 $0.03 $1.78

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![](q22025seicearningspresen005.jpg)

Business unit performance. SEI Earnings PresentationQ2 2025 Revenue ($M) Private Banking revenue increase driven by several client go-lives during Q2 Investment Managers revenue growth reflects double-digit alts increase offset by modest decline in traditional due to mark-to-market pressure • Mark-to-market pressure expected to subside based upon May/June market appreciation Advisor year-over-year growth driven by $21M in Integrated Cash Program revenue, up $11M from Q2 2024 Advisor and Institutional revenue flat sequentially against choppy Q2 market conditions Business unit highlightsOperating profit ($M) $132 $180 $121 $72 $138 $192 $137 $69 $141 $195 $137 $69 Private Banking Investment Managers Investment Advisors Institutional Investors Q2 2024 Q1 2025 Q2 2025 $21 $69 $52 $33 $23 $75 $64 $33 $23 $73 $61 $33 Private Banking Investment Managers Investment Advisors Institutional Investors Q2 2024 Q1 2025 Q2 2025 +7% +8% +14% -3% +11% +7% +19% +1% 5

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![](q22025seicearningspresen006.jpg)

Operating margins. SEI Earnings PresentationQ2 2025 -4.0% -2.0% 0.0% 2.0% 4.0% Private Banking Investment Managers Investment Advisors Institutional Investors Quarter-Over-Quarter Year-Over-Year Business unit margin changes HighlightsConsolidated operating margin 10.0% 20.0% 30.0% Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Positive operating leverage across all businesses except Investment Managers vs. prior year Margin performance vs. Q1 2025: Investment Managers: Decline driven by hiring ahead of new business and delays in Q1 hiring Private Banking: Modest decline driven by ramp-up of investments to support strong pipeline Investment Advisors: Decline driven by handful of choppier items: Earn-out accrual, onboarding costs, elevated Q1 2025 comparison Institutional Investors: Q2 supported by $1M non-recurring earn-out reversal 6

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![](q22025seicearningspresen007.jpg)

Net sales events. SEI Earnings PresentationQ2 2025 $8.5 $16.5 $15.9 $34.9 $28.2 $36.8 $24.1 $5.3 $4.8 $6.1 $11.5 $10.0 $9.7 $5.0 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Recurring Non-Recurring Total net sales events ($M) Investment Managers led sales in Q2, driven by balanced wins across alternatives, traditional and international. Strong pipeline driven by large alternative managers new to outsourcing Private Banking net events reflect slippage from Q2 due to April market volatility. Pipeline remains strong across regional/community banks, larger banks and professional services Institutional and Advisors net events reflect significant improvement vs. historical run-rate; +$2M YTD vs. ($11M) for H1 2024 Net sales events reached record $160M in TTM Q2 7

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![](q22025seicearningspresen008.jpg)

Client asset summary. SEI Earnings PresentationQ2 2025 AUA and assets on platform ($B)\* AUM ($B) $1,054 $1,120 $1,177 Q2 2024 Q1 2025 Q2 2025 +12% +5% $471 $486 $517 Q2 2024 Q1 2025 Q2 2025 +10% +6% Highlights • Both AUM and AUA increased relative to the prior year and prior quarter • AUM growth reflects both positive market conditions and improving asset flows. Traditional mutual fund outflows largely offset with growth in models and custom portfolios • Growth in AUA reflects continued demand for Investment Managers services, in addition to market appreciation • LSV investment outflows were more than offset by market appreciation, and fund performance remains solid with LSV realized $5M of performance fees in Q2 at SEI's share \*Assets under administration, advisement and platform-only 8

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![](q22025seicearningspresen009.jpg)

Capital allocation, liquidity, and capitalization. SEI Earnings PresentationQ2 2025 $181 $719 $61 $123 Q2 '25 TTM Q2 '25 Buybacks Dividends Capital returned to shareholders ($M) Liquidity and capitalization ($M) $746 $0 $11,500 Cash Long-Term Debt Market Capitalization Continued to return significant capital to shareholders during Q2: TTM buybacks now exceed $700M Stratos acquisition announced last week not reflected in Q2, expected to close later in 2025 Expect to fund majority of Stratos with low-cost balance sheet cash while continuing to return FCF to shareholders via dividends and buybacks Highlights 9

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![](q22025seicearningspresen010.jpg)

For institutional investor and financial advisor use only. Not for distribution to general public. Thank you. 10

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