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SEI 2015 Annual Report This Was a Successful Year for Your Company

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SEI 2015 Annual Report This Was a Successful Year for Your Company SEI 2015 Annual Report This was a successful year for your company. We achieved record sales of new business and made progress executing growth strategies. We delivered improved financial results while we continued investments to serve clients and support growth for the long term. seic.com About SEI SEI is a leading global provider of asset management, investment processing, and investment operations solutions. We help professional wealth managers, institutional investors, investment management firms and private investors create and manage wealth. We also enable their long-term success by providing solutions that are both innovative and comprehensive. Contents Additional Information Financial Highlights SEIͭb;]cRa]RcbWcR͜bRWP͙P^\͜^ŪRab additional information about the company Letter to Shareholders including earnings announcements, Annual Report on Form 1 0-K corporate press releases, and regulatory ŬZW]Ub͙FVWb2]]dMZDR_^ac͜7^a\͹=͜ and Proxy Statement are available in the Investors section of the website. Forward-Looking Statements FVWbaR_^acP^]cMW]bbcMcR\R]cbcVMcP^]bcWcdcRS^afMaQ͹Z^^YW]UbcMcR\R]cbMbQRŬ]RQ d]QRaG͙E͙SRQRaMZbRPdaWcWRbZMfb͙FVRbRbcMcR\R]cbW]PZdQRQWbPdbbW^]bMO^dcSdcdaR bcaMcRUWRb͜^_RaMcW^]b͜M]QŬ]M]PWMZaRbdZcb͙FVRbRbcMcR\R]cbMaROMbRQd_^]RbcW\McRb M]QMbbd\_cW^]bcVMcW]e^ZeRaWbYbM]Qd]PRacMW]cWRbM]Q\Mh]^c_a^eRc^ORMPPdaMcR͙ 7dcdaRaReR]dRbM]QW]P^\RP^dZQQWŪRa\McRaWMZZhSa^\Rg_RPcRQaRbdZcb͙K^dbV^dZQaRSRa c^cVR 2]]dMZDR_^ac^]7^a\͹=͜W]PZdQRQVRaRW]͜S^aMQRbPaW_cW^]^SeMaW^dbaWbYb M]Qd]PRacMW]cWRbcVMcP^dZQMŪRPc^daSdcdaRŬ]M]PWMZaRbdZcb͙ SEI Oaks, PA SEI 2015 ANNUAL REPORT Financial Summary (In thousands, except per-share data) 2015 Change from 2014 Revenues $1,334,208 5% Income from operations $358,213 2% Net income $331,655 4% Diluted common shares outstanding 169,598 (2%) Diluted earnings per share $1.96 6% Highlights i SEIͭbŬ]M]PWMZaRbdZcbaRůRPcbca^]UbMZRbaRbdZcb͜W]PaRMbRQPMbVů^fbW]c^SEI asset management programs and increased investments to serve clients and bd__^acUa^fcV͙ iBa^ŬcMOWZWchfMbMŪRPcRQOhW]eRbc\R]cbW]bMZRbS^aPRRg_M]bW^]͜^_RaMcW^]MZ cMZR]cM]QcRPV]^Z^Uhc^bd__^acM]QM]cWPW_McRUa^fcV͙FVRbRW]eRbc\R]cb _^bWcW^]cVRP^\_M]hS^aZ^]URa͹cRa\^__^acd]WcWRb͙ iIRP^]cW]dRQc^UR]RaMcRbca^]UPMbVů^fc^aRW]eRbcW]cVROdbW]RbbM]Q aRcda]PM_WcMZc^bVMaRV^ZQRab͙;] ͜SEIaRcda]RQMaRP^aQΆ ͙ \WZZW^]W] PM_WcMZc^bVMaRV^ZQRabcVa^dUVbc^PY_daPVMbRbM]Q_MWQQWeWQR]Qb͙ To Our Shareholders Alfred P. West, Jr. Chairman and This was a successful year for Chief Executive Officer your company. We achieved record sales of new business. We made progress executing growth strategies in every major segment. We delivered improved financial results while we continued investments to serve clients and support growth for the long term. The markets we serve require broad-based solutions to address emerging and complex needs. As a leading innovator in each of our markets, we are well positioned to capitalize on these opportunities. Our focus is unwavering on creating long-term, sustainable growth and increasing shareholder value. We delivered improved financial results. DReR]dRbW]PaRMbRQ ̈́c^Ά ͙ OWZZW^]͜]RcW]P^\RUaRf ̈́c^Ά ͙\WZZW^]M]Q QWZdcRQRMa]W]Ub_RabVMaRW]PaRMbRQ ̈́c^Ά ͙ ͙ DReR]dRUa^fcVfMbQaWeR]Ohbca^]UbMZRbaRbdZcb͜W]PaRMbRQPMbVů^fbW]c^SEI W]eRbc\R]c\M]MUR\R]c_a^UaM\bM]Q_^bWcWeRPM_WcMZ\MaYRc_RaS^a\M]PRW]cVRŬabc VMZS^ScVRhRMa͙H^ZMcWZRPM_WcMZ\MaYRcbW]cVRbRP^]QVMZS^ScVRhRMa_MacWMZZh^ŪbRc cVWbUa^fcV͙A]RW\_^acM]c\RMbdaR^SbdPPRbb͜R`dWchM]QŬgRQ͹W]P^\RMbbRcbd]QRa management for SEI͜RgPZdQW]UcV^bR^SMűZWMcR>EH͜UaRfM__a^gW\McRZhΆ͙ OWZZW^]͜ M\^QRbcW]PaRMbR^eRa ͙ @RfOdbW]RbbbMZRbfRaRW\_^acM]c “ We continued to generate strong P^]caWOdc^abc^^daUa^fcVW]aReR]dRb cash flow to reinvest in the business M]Q_a^Ŭcb͜]^cMOZhW]cVR;]bcWcdcW^]MZ ;]eRbc^ab͜;]eRbc\R]c?M]MURab͜M]Q and return capital to shareholders.” ;]eRbc\R]c2QeWb^abbRU\R]cb͙ Ba^ŬcMOWZWchfMbMŪRPcRQOhW]eRbc\R]cbW]bMZRbS^aPRRg_M]bW^]͜^_RaMcW^]MZ cMZR]c͜M]QcRPV]^Z^Uhc^bd__^acM]QM]cWPW_McRUa^fcV͙FVWbW]PZdQRbMPcWeWcWRb c^bRZZM]QbRaeWPR]RfM]QRgWbcW]UPZWR]cbM]Qc^P^]cW]dRcVROdWZQ͹^dc^ScVR b^ZdcW^]bcVMcbRaeRcVR\͙2ZZ^ScVRbRW]eRbc\R]cb_^bWcW^]cVRP^\_M]hS^aZ^]URa͹ cRa\^__^acd]WcWRb͙ IRP^]cW]dRQc^UR]RaMcRbca^]UPMbVů^ffVWPVfRdbRQc^aRW]eRbcW]cVROdbW]Rbb M]QaRcda]PM_WcMZc^bVMaRV^ZQRab͙;] ͜SEIaRcda]RQMaRP^aQΆ ͙ \WZZW^]W] PM_WcMZc^bVMaRV^ZQRabcVa^dUVbc^PY_daPVMbRbM]Q_MWQQWeWQR]Qb͙ FVR 2]]dMZDR_^ac^]7^a\ ͹=͜fVWPVMPP^\_M]WRbcVWbZRccRa͜_a^eWQRbM QRcMWZRQQWbPdbbW^]^SP^\_M]hM]QbRU\R]cŬ]M]PWMZaRbdZcb͙ We achieved strong sales of new business. IRVMQ^]R^ScVRORbc]RfOdbW]RbbhRMabW]^daVWbc^ah͜fWcVbWU]WŬPM]cP^]caWOdcW^]b Sa^\RMPVbRU\R]c͙IRMPVWReRQMaRP^aQΆ \WZZW^]W]]RcbMZRb^SfVWPV M__a^gW\McRZhΆ\WZZW^]fWZZaRPdaM]]dMZZhfVR]P^]caMPceMZdRbMaRSdZZhaRMZWjRQ͙ FVRbRaRbdZcbbca^]UZhMűa\SEIͭbUa^fcVbcaMcRUWRb͙ FVRPrivate BanksbRU\R]cVMQMbca^]UbMZRbhRMaPM__RQOhcVRQRPWbW^]^SIRZZb 7MaU^M]Q4^\_M]hc^MQ^_ccVRSEI Wealth PlatformE?͈cVRBZMcS^a\͉͙FVWbReR]c QR\^]bcaMcRbc^ZMaURM]QP^\_ZRgŬ]M]PWMZW]bcWcdcW^]bcVMcfRVMeRMa^Odbcb^ZdcW^] cVMcWbQRbWU]RQc^bd__^accVRWafRMZcV\M]MUR\R]cOdbW]RbbM]QUa^fcV^OXRPcWeRb͙ AcVRaMPVWReR\R]cbSdacVRaeMZWQMcR_a^QdPcM]QQRZWeRahbcaMcRUWRb͙BZMcS^a\PZWR]cb UaRfcVRWaO^^Yb^SOdbW]RbbW] ͜SMe^aMOZhW\_MPcW]USEIbMZRbM]QOdbW]Rbb aRbdZcb͙IRMZb^VMQRgPRZZR]cbdPPRbbW]aR]RfW]UM]QRgcR]QW]UP^]caMPcbfWcV RMaZhMQ^_cRab^ScVRBZMcS^a\͙3^cVMPP^\_ZWbV\R]cbP^]Ŭa\cVMcPZWR]cbMaRaRMZWjW]U bWU]WŬPM]ceMZdRSa^\cVWbb^ZdcW^]͙ ;]bWQRcVRBaWeMcR3M]YbbRU\R]c͜fRMZb^^ŪRaMbbRc\M]MUR\R]c_a^UaM\bc^ ZMaURMbbRc\M]MUR\R]cQWbcaWOdc^abcVMcbRaeRW]eRbc^abW]@^acV2\RaWPM͜6da^_R M]Q6Mbc2bWM͙2ZcV^dUVfRP^]cW]dRQc^fW]]RfaRZMcW^]bVW_bW] ͜e^ZMcWZRPM_WcMZ \MaYRcb]RUMcWeRZhMŪRPcRQ]Rc͹PMbVů^fb͜]^cMOZhSa^\]^]͹G͙E͙W]eRbc^ab͙ FVRInvestment AdvisorsbRU\R]cVMQM]RgPR_cW^]MZ]RfOdbW]RbbhRMa͙EMZRb^S ^daMbbRc\M]MUR\R]c_a^UaM\bfRaReRahbca^]UM]QaR_aRbR]c^]R^ScVWbbRU\R]cͭb ORbc_RaS^a\M]PRbW]SEIͭbVWbc^ah͙@RcUa^fcVW]MbbRcbd]QRa\M]MUR\R]cfMb QaWeR]_aW\MaWZhOh]Rc͹_^bWcWeRPMbVů^fb͜bZWUVcZhMŪRPcRQOh]RUMcWeRPM_WcMZ\MaYRcb͙ IRMZb^VMQM]RgPRZZR]caRPadWcW]UhRMaMbfRW]WcWMcRQaRZMcW^]bVW_bfWcVM__a^gW\McRZh ]RfMQeWb^ab͙ IRVMQM]^cVRaU^^QbMZRbhRMaW]cVRInstitutional Investors segment and fWcVcVRUa^fcV^ScVR^dcb^daPRQPVWRSW]eRbc\R]c^űPRa͈A4;A͉OdbW]Rbb͙ IRP^]cW]dRc^fW]]RfOdbW]RbbW]MZZUZ^OMZ\MaYRcbRU\R]cbW]PZdQW]Ud]W^]͜ P^a_^aMcRM]Q\d]WPW_MZaRcWaR\R]c_ZM]b͜M]QfWcVS^d]QMcW^]b͜R]Q^f\R]cbM]Q VRMZcVPMaR^aUM]WjMcW^]b͙ FVRInvestment ManagersbRU\R]cVMQM]RgPRZZR]cbMZRbhRMafVRaRfR^ŪRa W]eRbc\R]c^_RaMcW^]b^dcb^daPW]UbRaeWPRbc^W]eRbc\R]c\M]MURab^SMZZch_Rb͜ W]PZdQW]UcaMQWcW^]MZ͜MZcRa]McWeR͜M]Qb^eRaRWU]fRMZcV\M]MURab͙IRP^]cW]dRc^fW] ]RfOdbW]RbbSa^\W]PaRMbW]UZhZMaURaM]Q\^aRP^\_ZRgW]eRbc\R]c\M]MUR\R]c Ŭa\b͜eMZWQMcW]U^daUa^fcVbcaMcRUWRbW]cVWb\MaYRc͙ “ We had one of the best new business years in our history with significant contributions from each segment.” SEI London We made progress executing growth strategies. 2Pa^bbcVRP^\_M]h͜fR\MQR_a^UaRbbRgRPdcW]UbcaMcRUWRbW]RMPV^S^da\MaYRcb͙ IRVMQMhRMa^SbdPPRbbfWcV_a^QdPcM]QbRaeWPRQRZWeRah^ScVRSEI Wealth BZMcS^a\͜SEIͭb]Rgc͹UR]RaMcW^]fRMZcV\M]MUR\R]c_a^PRbbW]Ub^ZdcW^]͙;] ͜ fRW\_ZR\R]cRQcVaRROM]YPZWR]cb^]c^cVRBZMcS^a\͜P^]eRacRQcf^Ua^d_b^S W]eRbc\R]cMQeWb^ab͜Rg_M]QRQ_a^QdPcSd]PcW^]MZWchM]QbPMZRQ^_RaMcW^]bc^W\_a^eR RűPWR]Ph͙IRP^]cW]dRc^S^Pdb^]QRZWeRaW]U_a^QdPcPM_MOWZWcWRbW\_^acM]cc^UZ^OMZ OM]YM]QMQeWb^a\MaYRcb͜W\_a^eW]U bPMZR͜M]QOdWZQW]U^dccVR_a^QdPcM]Q “ Across the company, we made bRaeWPRQRZWeRahW]SaMbcadPcdaRc^bd__^ac ]RfPZWR]cb͙ progress executing strategies FVRPrivate Banks segment is also in each of our markets. ” focused on delivering asset management _a^UaM\bc^OM]YbM]Q^cVRaŬ]M]PWMZW]cRa\RQWMaWRb͙;] ͜fRP^]cW]dRQc^ OdWZQ͹^dcbMZRbM]Q\MaYRcW]U^aUM]WjMcW^]b͜QRZWeRaRQ]RfPM_MOWZWcWRbM]QW]WcWMcRQ ]Rf͜UZ^OMZQWbcaWOdcW^]aRZMcW^]bVW_b͙ FVRBZMcS^a\WbMZb^M]W\_^acM]cRZR\R]c^S^daZ^]URa͹cRa\Ua^fcVbcaMcRUhS^a \MaYRcbbRaeRQOhcVRInvestment AdvisorsbRU\R]c͙FVRBZMcS^a\^ŪRabMQeM]PRQ PM_MOWZWcWRbMPa^bbcVRR]cWaRaM]UR^SMQeWb^aM]QW]eRbc^a_a^PRbbRb͙Ff^ZMaUR Ua^d_b^SMQeWb^aPZWR]cbfRaRP^]eRacRQc^cVRBZMcS^a\W] ͜bRccW]UcVRbcMUR S^aZMaURaMQeWb^a\WUaMcW^]bW] ͙ IRMaRUa^fW]UcVRInstitutional InvestorsbRU\R]cOhQRZWeRaW]U]RfMQeWPRM]Q W]eRbc\R]cbRaeWPRb͜bRaeW]UZMaURaPZWR]cbM]QRg_M]QW]UUZ^OMZZh͙IRMaRMZb^S^PdbRQ ^]QRZWeRaW]U]Rfb^ZdcW^]bc^QRŬ]RQ͹P^]caWOdcW^]aRcWaR\R]c_ZM]b_^]b^ab͜fVRaR cVRaRWbW]PaRMbW]UQR\M]QS^aPdbc^\WjRQM]QW]bcWcdcW^]MZ͹bchZRW]eRbc\R]c^_cW^]b͙ IRMaRfRZZ_^bWcW^]RQc^_a^eWQRfMhbS^a_ZM]b_^]b^abc^^ŪRacVRWaR\_Z^hRRb bcaRM\ZW]RQM]QVWUVRa͹`dMZWchW]eRbc\R]cZW]Rd_b͙2b^]R^ScVRŬabcM]QZMaURbcUZ^OMZ _a^eWQRab^SA4;AbRaeWPRb͜fRMaRS^PdbRQ^]\MW]cMW]W]U^daZRMQRabVW__^bWcW^] W]cVWbP^\_RcWcWeR\MaYRc͙ IRMaRbdPPRbbSdZZhRgRPdcW]UUa^fcVbcaMcRUWRbW]cVRInvestment Managers bRU\R]c͙IRMaRR]cRaW]U]Rf\MaYRcb͜bRaeW]UZMaURaPZWR]cb͜fW]]W]UMUaRMcRa bVMaR^S^_RaMcW^]bSa^\RgWbcW]UPZWR]cb͜M]QQRZWeRaW]U_a^QdPcW]]^eMcW^]b͙ 2YRhP^\_RcWcWeRMQeM]cMURWb^daP^\_aRVR]bWeR^_RaMcW]U_ZMcS^a\͜MOdbW]Rbb W]SaMbcadPcdaRb_M]]W]U^_RaMcW]USd]PcW^]b͜_a^QdPcch_RbM]QMbbRcPZMbbRb͜ M]QW]P^a_^aMcW]UMSdZZbdWcR^SQMcM\M]MUR\R]cM]QM]MZhcWPPM_MOWZWcWRb͙ We are focused on the success of our clients. FVRW]eRbc\R]cbRaeWPRbW]QdbcahVMbMZfMhbORR]W]MP^]bcM]cbcMcR^SPVM]UR͙ FVWbQh]M\WPR]eWa^]\R]cPaRMcRbPVMZZR]URbS^a^daPZWR]cbM]Q_aRbR]cbcaR\R]Q^db opportunities for SEI͙Ada\WbbW^]Wbc^QRZWeRaRg_RacWbRM]Qb^ZdcW^]bc^VRZ_PZWR]cb ]MeWUMcRcVRbRPVM]URbM]QR]MOZRcVRWaP^]cW]dRQbdPPRbb͙ ;M\_a^dQ^S^daMPP^\_ZWbV\R]cbM]QcVR_a^UaRbbfRVMeR\MQRc^QRZWeRa]Rf bcaMcRUWRbM]Qb^ZdcW^]bW]ReRah\MaYRc͙;M\MZb^_a^dQ^SSEIͭbQRQWPMcRQR\_Z^hRRb M]QOdbW]Rbb_Mac]Rab͙ 7^acVRcVWaQcW\R͜Pensions & Investments named SEIMb^]R^ScVR3RbcBZMPRbc^ I^aYW]?^]Rh?M]MUR\R]c͙SEIP^]cW]dRbc^ORPWcRQS^aWcbf^aY͹ZWSROMZM]PRM]Q ^_R]R]eWa^]\R]c͜fVWPVS^bcRabMPdZcdaR^SP^ZZMO^aMcW^]M]QW]]^eMcW^]͙IRMaR
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