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Rating:SEI Boosts Earnings as Assets Recover a Bit Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 21, 2009

SEI Boosts Earnings as Assets Recover a Bit

Reported by Neil Anderson, Managing Editor

SEI Investments has boosted its net income by 53 percent over the past year, despite dips in assets and revenue in the wake of the market turmoil of 2008 and 2009. On Wednesday the Oaks, Pennsylvania-based firm revealed that its net income climbed from $34.495 million in Q3 2008 to $52.727 million in Q3 2009. Quarterly revenue fell 13 percent year-over-year to $275.933 million.

SEI's own assets under management and its client assets under administration both fell year-over-year, from $161.847 billion to $156.129 billion for AUM and from $268.854 billion to $227.163 billion for AUA. Yet both SEI's own AUM and its client AUA recovered some in Q3 2009, rising 15.03 percent and 1.38 percent, respectively. 

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