SEI Investments Company (SEIC) CEO Alfred West on Q4 2021 Results - Earnings Call Transcript

Jan. 27, 2022 1:06 AM ETSEI Investments Company (SEIC)
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SEI Investments Company (NASDAQ:SEIC) Q4 2021 Earnings Conference Call January 26, 2022 4:30 PM ET

Company Participants

Alfred West - Chairman and CEO

Al Chiaradonna - SVP, SEI Wealth Platform

Phil McCabe - Head of Investment Manager Services

Dennis McGonigle - CFO

Kathy Heilig - Controller

Wayne Withrow - EVP, Independent Advisor Solutions

Paul Klauder - EVP, Head of the Institutional Group

Conference Call Participants

Owen Lau - Oppenheimer

Michael Young - Truist Securities

Robert Lee - KBW

Chris Donat - Piper Sandler

Ryan Kenny - Morgan Stanley

Ryan Bailey - Goldman Sachs


Ladies and gentlemen thank you for standing by and welcome to the SEI Fourth Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will have a question-and-answer session, instructions for queuing up will be provided for you at that time. [Operator Instructions] And as a reminder, this conference call is being recorded.

I would now like to turn the call over to our host Chairman and CEO, Mr. Al West. Please go ahead.

Alfred West

Welcome, everyone.

On our call today, we have some new participants due to a change in leadership in our Banking and Investment Manager segments. Al Chiaradonna will speak for Private Banking and Phil McCabe will speak for the Investment Management segment. They will be joined by the segment leaders on the call as well as Dennis McGonigle, SEI's CFO and Kathy Heilig, SEI's Controller.

First, let's turn our attention to the financial results of fourth quarter of 2021. Revenues grew 13% during the quarter compared to fourth quarter last year. At the same time earnings increased 15% plus the fourth quarter EPS of $1.03 grew 20% from the 0.86 reported in north - in the fourth quarter of 2020.

During the quarter, SEI's asset balances

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