Tranche Update on SEI Investments Company's Equity Buyback Plan announced on February 15, 2005.
January 26, 2012 at 01:16 am IST
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From October 1, 2011 to December 31, 2011, the company has repurchased 3,225,000 shares, representing 1.8% for $52.47 million. With this, the company has completed the repurchase of 37,645,878 shares, representing 19.25% for $978.71 million under the buyback announced on February 15, 2005.
SEI Investments Company provides technology and investment solutions that connect the financial services industry. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Its Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers, and financial advisers worldwide. Its Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the United States. The Institutional Investors segment provides outsourced chief investment officer solutions, including investment management and administrative outsourcing platforms to retirement plan sponsors, healthcare systems, higher education and other not-for-profit organizations worldwide.