SEI Investments (SEIC) has shown signs of a turnaround in its previously struggling private banks segment since 2023, while its investment advisors, institutional investors, and investment managers segments continue to drive earnings. The private banks segment had historically faced disappointing revenue growth and operating margins, contrasting with the strong performance and operating margins of its other core businesses. A minority interest in LSV Asset Management also contributes significantly to SEI’s pretax income.
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SEI Investments Has Made Some Progress With Its Troubled Private Banks Segment
SEI Investments (SEIC) has shown signs of a turnaround in its previously struggling private banks segment since 2023, while its investment advisors, institutional investors, and investment managers segments continue to drive earnings. The private banks segment had historically faced disappointing revenue growth and operating margins, contrasting with the strong performance and operating margins of its other core businesses. A minority interest in LSV Asset Management also contributes significantly to SEI’s pretax income.