Hot on the heels of announcing a $527 million investment into a group of firms including registered investment advisors, SEI reported its second quarter financial figures yesterday.

SEI, which provides investment processing and management, and investment operations solutions, has logged $148.6 million in second-quarter income from operations, rising 9 per cent on a year ago. In the first half of 2025, income rose 17 per cent to $305.7 million.

A few days ago, the firm announced that it had made a $527 million strategic investment into Stratos Wealth Holdings.

SEI has a B2B model in areas such as working with investment advisors, institutional investors and investment managers. In its private banks channel, operating profit in Q2 rose 11 per cent year-on-year to $22.7 million. For investment advisors, profit rose 19 per cent to $61.4 million; for institutional investors, it rose 1 per cent to $33.5 million, and for investment managers, it gained by 7 per cent to $73.5 million. 

Earnings per share across the whole of SEI surged by 70 per cent, helped by rising revenue and operating income. The firm’s operating margin rose to 27 per cent. Second-quarter EPS was helped by a range of items, such as the $94.4 million gain SEI booked by selling its Family Office Services business, it said in a statement yesterday.

Total assets under management stood at $517.5 billion at the end of June, up from $470.5 billion a year before. Within its business channels, private bank AuM stood at $30.64 billion, up from $27.7 billion. 

Stratos investment
As previously reported, SEI – headquartered in Oaks, Pennsylvania – has invested into Stratos Wealth Holdings, a family of companies that include affiliated RIAs and which operates in different parts of the US. That transaction showed how firms eye wealth management as a sector ripe for consolidation – and growth. The US is going through a multi-trillion-dollar transfer of wealth to younger cohorts, raising the need for RIAs and other firms to invest in systems and talent.

"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,” the firm said in its statement. “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.”