SEI Investments Company (NASDAQ: SEIC) announced a target to achieve a $100 million annual run rate in revenue within the next five years, driven by growth in private markets. The company outlined this goal during its second-quarter earnings call on Wednesday.
Key Details
In the second quarter of 2026, SEI reported a 15% increase in revenue compared to the same period last year, reaching record levels. Adjusted operating profit rose by 36%, while adjusted earnings per share climbed by 38%, marking all three metrics as quarterly records for the firm, according to CEO Ryan.
The company is focusing on expanding its offerings in retail and retirement markets, which are expected to play a significant role in achieving its revenue target. SEI's strategy aligns with broader trends in the financial services industry, where private markets are increasingly appealing to individual investors and retirement accounts.
Background
SEI's growth strategy comes amid a competitive landscape in asset management, as firms seek to capitalize on the growing demand for private investment opportunities. The company aims to leverage its existing infrastructure and expertise to capture a larger share of this expanding market.
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SEI's revenue target could influence investor sentiment in the asset management sector, particularly among firms focusing on private market investments. Increased competition in this space may lead to shifts in market dynamics and investment strategies.
Investors will watch for SEI's progress towards its revenue target and any updates on its strategic initiatives in the upcoming quarterly earnings reports.