SEI Investments Company announced that it has entered into a partnership with Syverson Strege, a fee‑only financial planning firm that manages $1 billion in assets. Under the agreement, Syverson Strege will migrate its client accounts onto SEI’s Wealth Platform, gaining access to SEI’s custody, technology, and investment‑management services.
SEI’s third‑quarter 2025 results underscored the strategic value of the deal. Revenue rose 8% year‑over‑year to $4.3 billion, while diluted earnings per share climbed 9% to $1.30, beating consensus estimates by $0.05. The growth was driven by strong demand in core institutional segments and a mix shift toward higher‑margin advisory services, while disciplined cost management kept operating margin at 9.9% from 10.2% the prior year. SEI’s share‑repurchase program, which has been steadily expanding, further supports the company’s capital allocation strategy.
The partnership aligns with the broader shift toward fee‑only advisory models and the growing need for integrated technology platforms. Syverson Strege cited SEI’s technology platform and operational capabilities as key reasons for its selection after a year‑long due diligence process. By leveraging SEI’s Wealth Platform, Syverson Strege expects to streamline back‑office operations, enhance client experience, and access advanced planning tools for tax optimization and long‑term income strategies.
Syverson Strege, founded in 1997 and headquartered in West Des Moines, Iowa, has built a reputation as a client‑first, fee‑only financial planning and investment‑management firm. Chief Investment Officer Jason Gunkel said the firm chose SEI because the platform “provides a modern, easy‑to‑use experience that aligns with our fiduciary commitment and operational efficiency goals.”
The deal positions SEI to capture a larger share of the fee‑only advisory market, which is expanding as advisors seek comprehensive, scalable solutions. SEI’s Wealth Platform, designed to support front‑, middle‑, and back‑office functions, is expected to drive operational efficiencies and scale for both firms. The addition of a $1 billion AUM client is a substantial boost to SEI’s fee‑only portfolio and is likely to contribute positively to revenue and margin growth in the coming quarters.
Overall, the partnership strengthens SEI’s fee‑only advisory presence, adds a significant new client, and reinforces the company’s strategy of expanding its integrated technology platform to meet the evolving needs of fee‑only advisors. The collaboration is expected to enhance SEI’s revenue trajectory and support its continued focus on operational excellence and client service.
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