SEI Investments Company (NASDAQ:SEIC) Q1 2023 Earnings Call Transcript - Page 4 of 4 - InvestingChannel

SEI Investments Company (NASDAQ:SEIC) Q1 2023 Earnings Call Transcript

So I think excitedly, we don’t think there’s just one capability that we have that we think we can cross sell a lot across the continuum.We think that products have increased client engagement and a better understanding of where those firms are trying to deploy capital is going to open up more opportunities. But I think Phil really hit it more around the investment we’re making in education, engagement and training across SEI to make sure our folks are aware and attentive to what we have at hand.Michael Brown Okay. That was great. Thanks for all the thoughts there. Maybe just one last one for me. How are you guys seeing the prospects on the M&A front here? You kind of touched on the firstly on the buyback side of the equation. But just curious how you’re thinking about that lever when it comes to capital allocation?Ryan Hicke Yeah, so we have ramped-up our activity on the M&A front.

We’ve put an SEI individual last year in charge of corporate development. We had actually added resources to that team. We have expanded our kind of pipeline of opportunities there.I would say we’ve been more proactive now as opposed to reactive and we’ve got a kind of a clear path in terms of capabilities and segments where we are interested and potentially acquiring assets to accelerate growth. We gave an update to our Board this week on an M&A pipeline. So it is much more active in 2023 and we have a kind of more tangible pipeline of opportunities.Michael Brown Okay. Good to hear. Thanks, Ryan.Operator At this time, there’s no one else in queue. I’ll turn it back over to CEO, Ryan Hicke.Ryan Hicke Thank you. Appreciate all the questions and engagement today.

In closing, we are going to continue to be really bold. We believe in our plan and we’re positive about employee, client and market engagement. We’re going to be deliberate and decisive to deliver solutions that the market values, continue to help our clients succeed and position SEI for continued top-line and bottom-line growth. I’m confident in our strategy and our willingness to challenge ourselves. I’m also excited for our results to continue to validate our direction. Thank you all for joining today’s call.Operator That does conclude our conference for today. Thank you for your participation and for using AT&T Conferencing Service. You may now disconnect.

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