SEI Investments Files 8-K on Financials
Ticker: SEIC · Form: 8-K · Filed: Apr 23, 2024 · CIK: 350894
Sentiment: neutral
Topics: financial-condition, results-of-operations, filing
Related Tickers: SEIC
TL;DR
SEI Investments dropped an 8-K on financials, check it for the latest numbers.
AI Summary
On April 23, 2024, SEI Investments Company filed an 8-K report. The filing primarily concerns the company's results of operations and financial condition, as well as financial statements and exhibits. No specific financial figures or significant events were detailed in the provided excerpt.
Why It Matters
This filing provides an update on SEI Investments Company's financial performance and condition, which is crucial for investors to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting financial condition and results of operations, with no immediate indication of significant negative events.
Key Players & Entities
- SEI INVESTMENTS CO (company) — Registrant
- SEI INVESTMENTS COMPANY (company) — Registrant
- 1 Freedom Valley Drive Oaks, Pennsylvania 19456 (location) — Principal Executive Office Address
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on the Results of Operations and Financial Condition, as well as to provide Financial Statements and Exhibits for SEI Investments Company.
When was this 8-K filing submitted?
This 8-K filing was submitted on April 23, 2024.
What is the exact name of the registrant?
The exact name of the registrant is SEI INVESTMENTS COMPANY.
In which state was SEI Investments Company incorporated?
SEI Investments Company was incorporated in Pennsylvania.
What is the principal business address of SEI Investments Company?
The principal business address of SEI Investments Company is 1 Freedom Valley Drive, Oaks, Pennsylvania 19456.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 13.8 · Accepted 2024-04-23 08:29:34
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share SEIC The NASDAQ Stock Market
Filing Documents
- seic-20240423.htm (8-K) — 31KB
- ex991reclassifiedresultsby.htm (EX-99.1) — 63KB
- ex992reclassifiedresultsby.htm (EX-99.2) — 70KB
- ex993reclassifiedendingass.htm (EX-99.3) — 90KB
- ex994reclassifiedaverageas.htm (EX-99.4) — 105KB
- seic-20240423_g1.gif (GRAPHIC) — 15KB
- 0000350894-24-000076.txt ( ) — 538KB
- seic-20240423.xsd (EX-101.SCH) — 2KB
- seic-20240423_lab.xml (EX-101.LAB) — 21KB
- seic-20240423_pre.xml (EX-101.PRE) — 12KB
- seic-20240423_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. During the quarter ended March 31, 2024, the Company made a determination to reorganize, effective January 1, 2024, some of its business segments based on how its current Chief Operating Decision Maker (CODM) manages its businesses, including with respect to resource allocation and performance assessment. As a result, one of the Company's client relationships formerly reported in the Private Banks segment will be reported in the Investment Managers segment and the Company's family office services business, formerly reported in the Investment Managers segment, will be reported in the Investments in New Businesses segment. The business segment financial presentation was reclassified in 2024 to conform to this reorganization. The reclassified results are being provided in exhibits as: Reclassified Results by Business Segment due to Business Segment Restructuring Year Over Year Comparison Reclassified Results by Business Segment due to Business Segment Restructuring Reclassified Ending Asset Balances by Business Segment due to Business Segment Restructuring Reclassified Average Asset Balances by Business Segment due to Business Segment Restructuring The reclassified results are being provided solely to provide information concerning what the effect of the reclassifications would have been on the fiscal year 2022 and the fiscal and quarterly periods of 2023 had the reclassifications occurred on January 1, 2022, which may be considered in connection with the issuance of quarterly financial results reflecting the reclassifications during 2024. These changes did not affect the Company's audited financial statements for the fiscal years ended December 31, 2023 and 2022 or the historical results of operations, financial condition or liquidity of the Company.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Reclassified Results by Business Segment due to Business Segment Restructuring Year Over Year Comparison 99.2 Reclassified Results by Business Segment due to Business Segment Restructuring 99.3 Reclassified Ending Asset Balances by Business Segment due to Business Segment Restructuring 99.4 Reclassified Average Asset Balances by Business Segment due to Business Segment Restructuring 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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 Date: April 23, 2024 By: /s/ Dennis J. McGonigle Dennis J. McGonigle Chief Financial Officer