SEI Investments Company. Investor Presentation September 30, 2015

Transcription

1 SEI s Company Investor Presentation September 30,

2 SEI SEI is a leading global provider of asset management, investment processing and investment operations solutions. We help professional wealth managers, institutional investors, investment management firms, and private investors create and manage wealth and enable their long term success by providing solutions that are both innovative and comprehensive. 47 years as a leading innovator and outsourcer in the wealth management industry 2,800 Employees in 8 nations* 7,300 Client relationships* $638b Assets under management or administration* $7.9b Market capitalization* *As of September 30, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $638b in mutual fund and pooled or separately managed assets, including $245b in assets under management and $393b in client assets under administration. Client and employee statistics as of December 31, Market capitalization as of September

3 SEI markets & businesses Serving two related markets Wealth Holders Individuals Institutions Wealth Services Providers Distributors Manufacturers Through five business units Private Banks Advisors Institutional Investors Managers New Businesses (ultra HNW) 3

4 SEI wealth management enterprise platforms Three Core Competencies Management Processing Operations Platforms Wealth Management Individuals Institutions Business Process Outsourcing Distributors Manufacturers 4

5 SEI financial highlights $232 Net income attributable to SEI ($m) $205 $207 $288 $319 Revenue ($m) $1,126 $993 $901 $930 $1,266 Net cash from operating activities ($m) $229 $257 $257 $351 $ Stock purchases and cash dividends paid ($m) Dividends paid Stock purchases 74 $60 SEIC stock price adjusted for stock splits and dividends ($) January 2,1996 September 30, 2015 $50 $40 $ $20 $10 $0 January 2, 1996 $1.63 Sept 30, 2015 $ Source: company annual 10-K filings 5

6 SEI: a history of innovation and market expansion Innovations Trust System Invest idle cash balances Asset allocation Manager of Managers Fee-based advisor Platform Back-office processing Globalization Advice & goal-based investing Integrated pension & finance Total operations outsourcing SEI Wealth Platform SM Solutions Processing Services Management Services + + Operations = Services SEI Wealth Services Markets Banks Managers Advisors IWA s Institutional Investors Regions United States Canada UK EMEA, Asia

7 SEI segments and target markets Banks Global banks U.S. national and regional banks; large community banks Non-bank private wealth managers and asset management distributors globally Advisors U.S. registered investment advisors Financial planners Broker/dealers Institutional Investors Global and U.S. corporations and retirement plans (DB & DC) U.S. hospitals and healthcare organizations Foundations, endowments and not-for-profit organizations U.S. municipalities and public pension plans Managers Global hedge fund and private equity managers Traditional money managers 7

8 SEI global presence and services offered Canada Institutional/HNW asset management Europe United Kingdom Bank/advisory investment processing Institutional/HNW asset mgt. Netherlands Institutional asset mgt. United States Bank/advisory investment processing Institutional/HNW asset mgt. manager operations/fund processing Middle East United Arab Emirates Institutional asset mgt. East Asia Hong Kong Institutional/HNW asset mgt. Major Operations Centers: Oaks, PA, United States London, United Kingdom Dublin, Ireland South Africa Institutional asset mgt. 8

9 SEI business model Organic Growth Focus on emerging client needs Deliver enterprise platforms Selective acquisitions Client Relationships Forge intimate client relationships Be a thought-leader Win-win pricing models Financial Strength Innovation Focus on sustainable growth in earnings-per-share Generate recurring revenue & predictable cash flows Maintain strong balance sheet Grow dividends and stock buy-backs Long-term focus Make capital investments in new ways Foster collaborative, innovative culture Fail fast and learn from mistakes 9

10 SEI competitive advantages Market Leadership SEI recognized as an industry leader Large and diverse client base Facilitates new business and cross-sale success Complete Strategies Strategies well-developed and coordinated Current economic climate reinforces value propositions Continuous research & development Differentiated Solutions Create new categories of solutions Solve large business issues in support of clients objectives Integrate advice, investments, technology & operations 10

11 SEI Platform Overviews 11

12 Private Banks solution SEI Wealth Platform SM ASSET MANAGEMENT End-client website End-client statements Tax reporting Confirms/advices INVESTMENT PROCESSING SERVICES Asset services, cash management, corporate actions, custody, reconcilement, settlement, fee & tax processing END CLIENT 360º view of relationships Prospect management Dashboards & reporting Portfolio planning & proposals Alerts & monitoring Tasks & activities BUSINESS MANAGEMENT SERVICES MI reporting, SLA/KPI tracking, audit reporting, data integration, document management, professional services INFRASTRUCTURE SERVICES Business continuity, hosting, information security, release management, production services, system system administration administration WEALTH ADMINISTRATION Multi-level risk analysis & reporting Consolidated portfolio analysis & reporting Stress testing WEALTH ADVISORY Portfolio structure Manager research and selection Dynamic asset management 12

13 Advisors solution Flexible turnkey asset management platform Solution category Traditional turn-key asset management platform Flexible turn-key asset management platform SEI Wealth Platform Open Custody Platform Do-It-Yourself Capabilities Full custody platform with middle office Full custody platform with middle office Full custody platform Single system architecture Single system architecture with extendable integration Advisor purchased component technology Limited front/middle office technologies SEI investment program Integrated front/middle office technologies with workflow Full range of investment products and securities Front/middle office supermarket technologies without workflow supermarket Market Firm Size $5m - $250m $251m - $3b DIY $3b+ Total Firms 11,526 2, ,774 Advisors 85,680 14,518 3, ,465 Assets $1.13T $1.48T $1.50T $4.11T Sources: Matt McGinness, Best Practice Research; Dennis Gallant, GDC Research. 13

14 Institutional Investors solution Fiduciary Management Strategic Advice Goal setting & monitoring Asset / liability study policy formulation Management Portfolio structure Manager research & selection Dynamic asset management Risk Management & Monitoring Multi-level risk analysis & reporting Consolidated portfolio analysis & reporting Stress testing Active Liability Driven Investing (LDI) Active management relative to liabilities Glidepath optimization - Capital market point of view Goals-based Reporting Reconciliation of funded status Pension surplus decomposition Attribution of interest rate changes 14

15 Managers solution Total Operational Outsourcing Platform Flexible, integrated handling of: operations Fund operations Fund Administration Fund Accounting Operations / Middle Office Regulatory and Compliance Best-of-breed Technology Engines Risk Management Information Management Workflow/Process Management Distribution services Data aggregation Dashboards - Manager - Investor Risk Management Analytics Regulatory and Compliance 15

16 Forward Looking Statements This presentation may include "forward-looking statements," and discussions about future operations, strategies and financial results. Future revenues and income could differ from expected results. We have no obligation to publicly update or correct any statements herein as a result of future developments. You should refer to our periodic SEC filings for a description of various risks and uncertainties that could affect our future financial results. 16

17 Thank you 17