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SEI Investor Conference

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					                                                                                          SEI Investor Conference
                                                                                                                                       June 16, 2010
                                                                                                                                           Oaks, PA




This presentation may include "forward-looking statements," and discussions about future operations, strategies, and financial results. Future revenues and income
could differ from expected results. We have no obligation to publicly update or correct any statements herein as a result of future developments. You should refer to
our periodic SEC filings for a description of various risks and uncertainties that could affect our future financial results.
SEI Agenda


 SEI’s Growth Strategy     Al West

 Private Banks             Joe Ujobai

 Investment Advisors       Wayne Withrow

 Institutional Investors   Ed Loughlin

 Investment Managers       Steve Meyer

 Summary                   Al West




                                         SEI Investor Presentation   16 June 2010   2
SEI: Client Experience



   Vision
   Helping clients succeed through improving their businesses and lives




                                                   SEI Investor Presentation   16 June 2010   3
SEI Markets & Businesses

                                       Serving two related markets



                           Wealth Holders                                  Wealth Services Holders
                               • Individuals                                       • Distributors
                               • Institutions                                      • Manufacturers


                                      Through five business units


                Private             Investment             Institutional           Investment                New
                Banks                Advisors               Investors               Managers              Businesses
                                                                                                             (ultra HNW)
Pct of 2009
Revenues*        43%                    20%                     21%                    16%                        1%

        * Revenue percentages exclude affiliate LSV. Revenue percentages including LSV were: Private Banks 34%; Investment
        Advisors 16%; Institutional Investors 17%; Investment Managers 13%; New Businesses <1%; LSV 20%.


                                                                                                   SEI Investor Presentation   16 June 2010   4
SEI Solutions & Services

                              Solutions



          Wealth Management         Business Process Outsourcing
             • Individuals                 • Distributors
             • Institutions                • Manufacturers



                    Integrated services + advice
                    Integrated services + advice


      Investment              Investment               Investment
      Management              Processing               Operations




                                                    SEI Investor Presentation   16 June 2010   5
SEI: A history of innovation and market expansion

Innovations    Trust System                                  Manager of Managers
                                Invest idle cash balances Asset                                       Advice & goal-based investing
                                allocation                   Fee-based advisor platform               Integrated pension & finance
                                                             Back-office investment processing        Total operations outsourcing
                                                             Globalization                            Global Wealth Platform




               Investment             Asset                     Investment
                                                                                                           Global
Solutions      Processing        +    Management
                                                           +    Operations
                                                                                      =                Wealth Services
               Services               Services                  Services




Markets                                                                           Advisors                 IWA’s


                                                               Banks


Regions              United States                Canada                        UK                       EMEA, Asia

              1968              1980                    1990                     2000                     2010



                                                                                            SEI Investor Presentation 16 June 2010    6
SEI Business Model
           “Our business model has served us well.”
                        • Focus on emerging client needs
   Organic Growth       • Deliver ever-expanding solutions
                        • Not acquisitive


                        • Forge intimate client relationships
 Client Relationships   • Be a thought-leader
                        • Adopt “win-win” pricing models

                        • Focus on long-term growth in earnings-per-share
  Financial Strength    • Generate recurring revenue & predictable cash flows
                        • Maintain strong balance sheet

                        • Foster collaborative, innovative culture
  Leverage & Scale      • Create scaleable, enterprise-wide solutions
                        • Co-source external talent & expertise


                                                                SEI Investor Presentation   16 June 2010   7
SEI: Key to long-term success


     Growth Culture
     • Promote innovation and creativity
     • Promote experimentation and failure
     • Promote teamwork and collaboration
     • Promote leverage and fiscal prudence
     • Promote integrity and transparency




                                              SEI Investor Presentation   16 June 2010   8
SEI: The future is now!

   Short Term Priorities
   • Focus on Growth
     – Retain clients
     – New services to existing clients
     – New clients
   • Keep building for the future
   • Fiscal prudence




                                          SEI Investor Presentation   16 June 2010   9
SEI: Investing in the Future



    •   GWP
    •   TOO
    •   Global Initiatives
    •   Goal-based Investing




                               SEI Investor Presentation   16 June 2010   10
SEI: Investing in the Future


    GWP Update
    •   100,000 plus accounts on platform
    •   All clients now on single image of system
    •   Working on US functionality
    •   Expect to convert first US clients to GWP in first half 2011




                                                      SEI Investor Presentation   16 June 2010   11
SEI: Moving forward!



    Portfolio of Businesses
    • Investment Managers
    • Institutional Investors
    • Private Banking                        Institutional Investors
    • Advisors

                                      Investment Managers



                                Banking

                          Advisors



                                                       SEI Investor Presentation 16 June 2010   12
SEI: Current Situation


   Focusing on Growth
   • New sales as decision freeze is thawing
   • New strategies and solutions gaining traction
   • Pipelines enlarging
   • Backlogs growing
   • Investments beginning to pay off




                                                     SEI Investor Presentation 16 June 2010   13
Private Banks
   Joe Ujobai
SEI Markets & Businesses

                                       Serving two related markets



                           Wealth Holders                                Wealth Services Providers
                               • Individuals                                       • Distributors
                               • Institutions                                      • Manufacturers


                                      Through five business units


                Private             Investment             Institutional           Investment                New
                Banks                Advisors               Investors               Managers              Businesses
                                                                                                             (ultra HNW)
Pct of 2009
Revenues*        43%                    20%                     21%                    16%                        1%

        * Revenue percentages exclude affiliate LSV. Revenue percentages including LSV were: Private Banks 34%; Investment
        Advisors 16%; Institutional Investors 17%; Investment Managers 13%; New Businesses <1%; LSV 20%.


                                                                                                   SEI Investor Presentation   16 June 2010   15
A large and growing HNW opportunity
                                                 Assets >$1 million
                                                 2010E: $40.1 trillion assets
                                                 2011E: 11 million individuals
  North America         Europe
  $14.2T Assets      $11.8T Assets
 3.3M Individuals    3M Individuals



                                                                          A-PAC
                                                                       $9.8T Assets
                                                                     3.6M Individuals
                                   ME-A
                               $2.5T Assets
    Latin America             .7M Individuals
    $1.8T Assets
   .1M Individuals


                                                         Sources: Scorpio Partnership Estimate
                                                         Booz & Co. “After the Perfect Storm”s
                          Based on regional share of global wealth remaining constant from 2008

                                                             SEI Investor Presentation   16 June 2010   16
  But an industry in transition

                            Core Drivers of Wealth Management

       Geared for Growth                Revenue is Cyclical               Highly resilient
       •Demographic factors             •Tied to equity market            •Profitable even in difficult
       •Entrepreneurship                                                  times
       •Concentration of wealth




                                          Change Levers

Market Environment        Regulatory         Client Behavior     Operation Model     Industry Dynamics
• Shift in distribution   • Transparency     • More pragmatism   • Pressure on costs • New business
                          • Risk management • Regaining trust?     will endure         models taking
                          • End of taxed                         • Local/Global        shape
                            induced offshore
                            model



            New business models will emerge: SEI is well positioned for this change

                                                                          SEI Investor Presentation   16 June 2010   17
Our proposition supports the needs of our clients
                   •   Institutionalize the client experience
  Grow Revenue     •   Understand the total client relationship
                   •   Offer a broader set of solutions
                   •   Support merger and acquisitions


                   • Optimize and automate fragmented business processes
  Reduce Cost      • Create operational scale and efficiencies
                   • Focus on client facing activities


                   •   Support long term client relationships
  Manage Risk      •   Ensure regulatory compliance
                   •   Mitigate operational risks
                   •   Provide transparency


                   • Provide a personalized client experience
   Differentiate
                   • Integrate manufactured and non-manufactured products
     Offering
                   • Target multiple market segments


                                                                  SEI Investor Presentation   16 June 2010   18
Global Wealth Services Solution
Outsourced Infrastructure

• Comprehensive integrated
  platform
• Enterprise database
• Models based investing
• Relationship architecture
• Global and complex
  transactions
• Scalable infrastructure
• 24/7 worldwide operations




     Transformation               Client Portfolio Management

     • Business discovery         • Goals-based portfolios
     • Change management          • Manager of managers
     • Conversion expertise       • UMA/UMH
     • Staff augmentation         • Risk Management
     • M&A support                • Independent managers
                                  • Open Architecture




                                      SEI Investor Presentation   16 June 2010   19
Private Banking: Growth Strategy




    Aggressively    Grow the US    Expand Asset
    Sell GWS in     Market with    Management
         UK         GWS/GWP         Distribution




                                   SEI Investor Presentation   16 June 2010   20
    The UK HNW and Affluent Opportunity is significant

               6,000

                           # Firms
               5,000
                                            988          Not Managed

               4,000         38            1,457
                                                         International Banks
USD Billions




                                                          (Mixed)
               3,000


                                                        Domestic PBs, PCIMs, MFOs
               2,000        116            2,272
                                                        (Manufacturers)
               1,000


                            135             933         IFAs (Distributors)
                  0




                       For wealth above   Total managed assets    Individuals
                           $150,000              $5.6 T              4.3 M

                                                                   SEI Investor Presentation 16 June 2010   21
We are aggressively selling GWP in the UK

                 • Focused on distribution oriented Independent Wealth Advisers (IWAs)
  Sell New IWA   • Growing sales efforts with larger books of business and also at
     Clients       manufacturing oriented IWAs



                 • Support acquisition activity
 Grow Current    • Support additional solutions
    Clients      • Support account and asset conversions



                 •   Flexible Custody Model
  Enhance the    •   Dealing and Mutual Fund Trading
    Solution     •   Cash Services
                 •   On-going GWP functionality enhancements




                                                           SEI Investor Presentation   16 June 2010   22
UK Market Challenges | Key Buying Motives
•   Multiple custodians/platforms
•   Massive regulatory change
•   Inconsistent client experience
•   Limited infrastructure for growth
•   No consistent business model




                                        SEI Investor Presentation   16 June 2010   23
Our UK Clients




                 SEI Investor Presentation   16 June 2010   24
Our UK Business and Later Stage Pipeline

Wealth Processing Services via GWP
• 4 clients on the system
• Over 100,000 accounts
• Trading on 95 stock exchanges
• In 44 countries / 31 currencies
• >$20 million revenue in 2011


Later Stage Pipeline Opportunity

• Annual Event Revenue: >$40 million
• Our Sales Focus: Moving “up market”
• Key Drivers: Regulatory Upheaval and Business Model Change




                                                               SEI Investor Presentation   16 June 2010   25
GWS UK Business Models


  Two “Business Models”

   Infrastructure   • Traditional “Day-One” conversion - “all at once”
       Client       • Growth expected primarily through acquisition
                    • Limited SEI Asset Management opportunity



                    •   Typical IWA/IFA conversion- “over time”
    Business
                    •   Multiple custodians and platforms
    Transition
                    •   Asset transition to “discretionary portfolios” drives growth
      Client
                    •   SEI Asset Management will be a key driver of revenue




                                                                                       26
GWS UK Business Models
  Win-Win Revenue Model: Revenue Levers
  • Asset based fees to share in successful growth of our clients
  • Transaction based fees to compensate for activity and hedge risk i.e.
    trading
  • One-time fees to set up/fund/close accounts
  • Professional service fees to lead projects
  • SEI Asset Management fees


  Indicative Pricing:


           Infrastructure               Business
               Client                   Transition
                                          Client


             15-25 bp                    25-40 bp + SEI Asset Management
                                                                            27
“Infrastructure” Revenue Model Example


Asset Growth Assumptions                          Annual Revenue
                                             $2,590   $3,099   $4,239
Conversion
     • Initial book: £1.0b
     • Convert 100% existing book on Day 1
New business
     • 10% existing book (£100m/year)
Professional Services
     • Account open fees (400 accounts per
       year); Project fees
• Acquisitions
     • 2 £250m acquisitions, one in Year 3
       and one in Year 5
• Market appreciation
     • Not included




                                                            SEI Investor Presentation   16 June 2010   28
“Business Transition” Revenue Model Example
                                                    Annual Revenue
                                                $608   $2,782   $6,535
Asset Growth Assumptions
Initial book
       • £1.0b
• Initial conversion
       • £100m discretionary
       • Additional conversion
       • 50% by year 3; 75% by year 5
• New business
       • 5% existing book (£50m/year)
• Professional Services
       • Account Openings (2,500 accounts/yr)
• Acquisition
       • £250m in Year 4
• SEI Asset Management
       • 30% of mutual funds
• Market appreciation: Not included



                                                              SEI Investor Presentation   16 June 2010   29
Grow the US market with GWS | GWP


                     • Convert Frost by late 2011
     Launch
                     • Introduce GWP into Community Bank sales process
      GWP
                     • Sell GWP to targeted large bank segments



                     • Re-contract rates improving
 Re-contracting &    • Risk Management and Information Access solutions
   Cross Sell        • Continued momentum in Professional Services



    Capture          • National sales and marketing program
Competitive Market   • Solution development for “Bank Investment Advisor”
     Share           • Target key Regional, National and Global Banks for GWS




                                                             SEI Investor Presentation   16 June 2010   30
North America Market Challenges | Key Buying Motives

•   Margin pressure
•   Inconsistent technology
    implementations
•   Aging workforce
•   Manual processes lacking scalability
•   Inconsistent client experience




                                           SEI Investor Presentation   16 June 2010   31
Our US Bank Clients




                      J.M. Forbes & Co. LLP


                                SEI Investor Presentation   16 June 2010   32
Our US Business and Later Stage Pipeline

  Wealth Processing Services via TRUST 3000®
  • 108 clients on the system
  • Over 1.3 million accounts
  • ~429 million transactions annually
  • $200 million in annual revenue

  Later Stage Pipeline Opportunity
  Event Revenue: >$15 million
  Our Sales Focus: Competitively installed
  Key Drivers: Client experience and Regulatory sensitivities




                                                                SEI Investor Presentation   16 June 2010   33
Current Clients and Market Opportunity
                                           In-House Capabilities or Abilities
                              LOW               MEDIUM          MED. HIGH          HIGH
                                                                         DOMINANT PLAYERS
                                                                         Clients: 16
 Complexity of Business




                              SPECIALTY                                  Revenue: $110 million
                              Clients: 19                                Prospects: 5
                              Revenue: $20 million
                              Prospects: 20
                                                           GENERALISTS
                                                           Clients: 8
                                                           Revenue: $35 million
                                                           Prospects: 5
                              COMMUNITY BANKS
                              Clients: 65
                              Revenue: $35 million
                              Prospects: 300


                          Number of Clients: 108
                          Annual Recurring Revenue: $200 million

                                                                                                 34
Expand asset management distribution

                   • Strengthen existing relationships
   Re-launch       • Expand and upgrade key partner solutions led by Goals-
    Current          based investing
  Relationships


                   • Focus on UK, Middle East and Canada
   Sell New        • Secure exclusive or preferred status
 Relationships     • Utilize GWP capabilities for enhanced solution offering




                   • Individual investors remain cautious
 Drive Net Asset
                   • Expanding our distribution footprint
     Growth




                                                                SEI Investor Presentation   16 June 2010   35
Key Asset Management Distribution Relationships

                             • $12.5 billion in AUM

                             • Global presence – U.S., Canada,
                               U.K., Middle East and Asia

                             • Over 150 SEI funds available,
                               including 75+ SEI funds in the U.S




                            Later Stage Pipeline Opportunity
                           Annual Event Revenue: $7.5 million*
                           Our Sales Focus: Expand Footprint
                           Key Drivers: Business Model Change
                           * Gross of withdrawals



                                          SEI Investor Presentation   16 June 2010   36
Conclusion

  • Solutions are well positioned
  • Managing our expenses
    – On-going margin pressure
    – Significant invest in our solutions
  • Strong sales momentum in the UK
  • Executing our sales plan in the US
  • Expanding our global asset management distribution footprint



       Grow our business through Global Wealth Services
                  enabled by the Global Wealth Platform



                                                        SEI Investor Presentation   16 June 2010   37
Investment Advisors
    Wayne Withrow
SEI Markets & Businesses

                                              Serving two related markets



                               Wealth Holders                                         Wealth Services Holders
                                    • Individuals                                                 • Distributors
                                    • Institutions                                                • Manufacturers


                                             Through five business units


                  Private                 Investment                 Institutional Investment                                   New
                  Banks                    Advisors                    Investors    Managers                                 Businesses
                                                                                                                                (ultra HNW)
Pct of 2009
Revenues*           43%                        20%                         21%                        16%                           1%

      * Revenue percentages exclude affiliate LSV. Revenue percentages including LSV were: Private Banks 34%; Investment Advisors 16%; Institutional
      Investors 17%; Investment Managers 13%; New Businesses <1%; LSV 20%.



                                                                                                                     SEI Investor Presentation   16 June 2010   39
 Market Opportunity
Investors1
                                                                                                                  Financial Assets
                                Investable Assets                             Households
                                                                                                                     [Trillions]
 Middle Market                >$100k-$500k                                               23,440,234                                            $4.2

 Mass Affluent                >$500k-$2m                                                   6,733,892                                           $5.2

 High Net Worth               >$2m-$20m                                                    1,821,037                                           $7.3

 Ultra High Net Worth         >$20m                                                             44,718                                         $1.8

                                                                                         32,039,881                                       $18.5

Advisors2
                                                               Advisors                                     AUM [Trillions]

 Independent Broker-Dealers                                                         59,170                                                     $1.8

 Hybrid                                                                             21,754                                                      $.8

 RIA                                                                                35,767                                                     $2.0

                                                                                  116,691                                                      $4.7



                                  Source:   1Cerulli   2009 High Net Worth and Ultra High Net Worth Study, 2Moss Adams 2008 Financial Performance Study


                                                                                                    SEI Investor Presentation   16 June 2010      40
SEI Advisor Network Solution

                  To enable the lasting success of
                independent investment advisors by
        providing an integrated wealth management platform




                             Investor


                                            nt
                                       ie
                                    Cl




                                                             41
Market Opportunity - Ideal SEI Client
                   Do It Yourself
 Characteristics   Advisors                  Ideal SEI Advisor
 Business Model    Complete Control          Outsourcer


 Revenue           Fees & Commissions        Fee Based
                   Fee Based

 Life Cycle        Start-up                  Growth Stage
                   Growth Stage
                   Steady State Stage
                   Wind Down

 Competition       Schwab                    Genworth
                   Fidelity                  Brinker
                   Broker Dealer Platforms



                                               SEI Investor Presentation   16 June 2010   42
Market Opportunity | Advisor Needs
Where Advisors Spend Their Time…




                                     Source: 2008 Advisor Impact Client Audit / Moss Adams LLP


                                           SEI Investor Presentation   16 June 2010   43
Market Opportunity | Success of SEI’s Solution

                SEI Advisors vs. B/D Affiliated Advisors1
                                                                  All B/D Affiliated
 Median                           SEI Advisors                        Advisors                                Difference

 AUM                                          $182M                                   $75M                         59%

 Revenue                             $1,553,450                               $659,314                             58%

 Clients                                            289                                   221                      24%

 Revenue/Professional                    $516,332                             $402,300                             22%

 Income Per Owner                        $325,456                             $249,000                             23%




                    1Source:   2008 Moss Adams Financial Performance Study of Advisory Firms, sponsored by Genworth Financial Wealth
                               Management. The data shown is based on 42 advisors that work with SEI out of 215 total responses of broker dealer
                               affiliated advisors.

                                                                                                                                      .     44
                                                                                                 SEI Investor Presentation   16 June 2010
Growth Dynamic

  Need for Growth                         Current Driver
Investors return to market              Investor confidence thawing
                                        Market still fragile

Investors need advice                   Questioning risk profiles


Advisors need to consider outsourcing   Investment risk

                                        Restore lost profitability




                                                 SEI Investor Presentation   16 June 2010   45
Growth Initiatives




                                       Practice
                     Broker-Dealer   Management
    New Advisors
                       Channel        for retention &
                                      for retention &
                                          growth
                                           growth




                                     SEI Investor Presentation   16 June 2010   46
Business Growth | Why New Advisors?

           • Better Year One       Asset Conversions
           • Better Year Two       Growth Orientation
           • Better Year Over Year  Recession Resistant
  Assets




                          Conversions               Growth Orientation


                                Recession Resistance

                                          Time



                                                            SEI Investor Presentation   16 June 2010   47
Business Growth | Recession Resistant Cash Flow




      $592 million




                           Source: Numbers represent first 12 months with SEI after reaching $1m in AUM


                                                         SEI Investor Presentation   16 June 2010    48
Business Growth | Pipeline of Qualified Advisors & New
Advisors




                                 Source: Comparison of quarterly numbers from 2008 through Q1 2010.


                                                SEI Investor Presentation   16 June 2010   49
Business Growth | Broker Dealer Value Proposition

               Broker Dealer                SEI Advisor Network

     • Provides Segmented                      • Helps Gather More Fee-
       Advisor Lists                             based Assets

     • Provides Referrals                      • Helps Improve Advisor’s
                                   Mutual        Productivity
     • Provides Speaking
       Opportunities
                                   Growth      • Helps Increase Recruiting

     • Promotion of SEI Events                 • Supplies Growth &
                                                 Educational Programs
     • Provides Website Presence
                                               • Revenue Share
                                     GWP




                                                       SEI Investor Presentation   16 June 2010
                                                                                                  50
Strategic Broker-Dealer Relationships

    Broker-Dealers Signed in 2010
    • Broker-Dealers engaged in a co-marketing arrangement                                                                        7 firms
    • Number of producing advisors                                                                                                9,896
    • Assets under Management                                                                                                     $134.5 billion


    Existing Advisor Relationships
    • Advisors with SEI                                                                                                           403
    • Assets under Management with SEI                                                                                            $3.3 billion




Source: Agreements in place as of May 2010. Number of producing representatives supplied by each Broker-Dealer. Number of representatives working with SEI as of
        6/3/2010. AUM reported indicates SEI’s best efforts to determine fee-based advisory AUM using multiple public sources.


                                                                                                                       SEI Investor Presentation   16 June 2010    51
Practice Management Overview: Knowledge Flow
                                                     Advisor
                                                  Business Cycle




  Advisor
   Advisor                                               Transition
                                                         Transition
 Experience
 Experience                                                Phase
                                                           Phase



                                                         Efficiency
                                                         Efficiency
                                                           Phase
                                                           Phase

  Industry
   Industry
Experience &
Experience &
 Resources
 Resources                                           Growth Phase
                                                     Growth Phase




                                  SEI Investor Presentation   16 June 2010   52
Current Growth Summary

   • SEI’s solution meets key advisor needs

   • Capital market dynamics are fragile

   • New strategies are gaining traction

   • Pipeline of new advisors is robust




                                              SEI Investor Presentation   16 June 2010   53
Beyond 2010 | A GWP Enabled Business
    Client                                         Open                     Straight Through
                    Global Enabled
    Centric                                     Architecture                   Processing



                                • Household is managed holistically
     End Clients                • Better tax and investment decisions
                                • Higher quality of service (less errors)


                                •    Automated middle office
                                •    Practice management tracking & benchmarking
       Advisors                 •    Automated and flexible investment tools
                                •    Ability to grow by serving clients better


                                •    Differentiated TAMP offering
                                •    Capture larger share of existing clients
              SEI               •    New revenue sources
                                •    Penetrate new client segment

                                                                SEI Investor Presentation   16 June 2010   54
GWP | Summary of First New Segment
                                                First New Segment
                 Current Segment (TAMP)
                                          (Flexible TAMP or “IWA Light”)


                                            UMA / UMH
                                            SEI Fund & SMA
   Products         SEI Funds & SMA
                                            Non-SEI Funds, ETF’s,
                                            Stocks/Bonds, Alternatives



                      90% to 100%                  50% to 90%
  SEI Assets
                    (Investment sale)      (Investment and Platform sale)


   Fee Type               AUM                        AUM & AUA

                     40,000 Advisors             43,000 Advisors
  Market Size
                    $1.25 trillion AUM           $1.6 trillion AUM

   Affiliation         Mainly B/D                    B/D and RIA
                                                  SEI Investor Presentation   16 June 2010   55
GWP | Timeline


  Small beta conversion                          First Half 2011

  Added functionality – incremental conversion   Second Half 2011

  Flexible TAMP initial release                  2012




                                                    SEI Investor Presentation   16 June 2010   56
In Summary

   • SEI strategies and pipeline are favorable for 2010 and 2011

   • Beyond 2011 GWP is a game changer




                                                   SEI Investor Presentation   16 June 2010   57
Institutional Investors
           Ed Loughlin
SEI Markets & Businesses

                                       Serving two related markets



                           Wealth Holders                                  Wealth Services Holders
                               • Individuals                                       • Distributors
                               • Institutions                                      • Manufacturers


                                      Through five business units


                Private             Investment             Institutional           Investment                New
                Banks                Advisors               Investors               Managers              Businesses
                                                                                                             (ultra HNW)
Pct of 2009
Revenues*        43%                    20%                     21%                    16%                        1%

        * Revenue percentages exclude affiliate LSV. Revenue percentages including LSV were: Private Banks 34%; Investment
        Advisors 16%; Institutional Investors 17%; Investment Managers 13%; New Businesses <1%; LSV 20%.


                                                                                                   SEI Investor Presentation   16 June 2010   59
Institutional Investors Markets

                             We operate in six markets:
                             We operate in six markets:


      US           Canada         UK      Netherlands   Hong Kong               South Africa



                            Serving five market segments:
                            Serving five market segments:


   Corporations      Hospitals         Unions       Municipalities        Endowments &
                                                                           Foundations


                   Offering three solutions centered around:
                   Offering three solutions centered around:


      Retirement                       Endowed                             Operating
        Assets                          Assets                              Assets


                                                               SEI Investor Presentation   16 June 2010   60
Institutional Investors Market Opportunity

                          We operate in six large geographic markets:
                          We operate in six large geographic markets:


                 US        Canada        UK      Netherlands   Hong Kong                     South Africa

DB               $744 B      $96 B      $427 B     $910 B             $4 B                       $11 B

DC               $893 B      $21 B      $102 B      $80 B                                        $30 B

Healthcare       $372 B

E&F              $453 B      $7 B                                   $100 M

Municipalities   $40 B

Total            $2.5 T     $124 B      $529 B     $990 B            $4.1 B                      $41 B


                      Total Market Opportunity = $4.2 Trillion
                            SEI Institutional Assets = $49 Billion


                                                               SEI Investor Presentation   16 June 2010   61
Investment Outsourcing Demand Drivers


   • Difficult capital markets
   • Limited resources among institutional investors
   • Demand for alternative investments
   • Pension plans increased focus on liability-driven investment
   • Traditional consulting model cannot support timely decisions




                                                         SEI Investor Presentation   16 June 2010   62
Ideal Institutional Client Profile


   • Asset pools of $20 million to $3 billion
   • Open to outsourcing/delegating
   • Change agent within the organization
   • Underfunded defined benefit plans
   • Large DC plan
   • Midsize not-for-profit organization




                                                SEI Investor Presentation   16 June 2010   63
Institutional Solution
Defined Benefit Plans, Endowed Assets, and Operating Assets

       SEI delivers a bundled customized solution
   integrating advice, investment implementation, and
      administration to delegation-oriented buyers.




                                                  SEI Investor Presentation   16 June 2010   64
Institutional Solution
Defined Contribution Assets



               Sophisticated Investments                  Flexible Solution




         Single Asset Class         Enhanced                   Custom Strategy
              Mandate            Diversification of            Implementation
                                Existing Strategies
           Individual multi-                                  Target date or asset
         managed investment        Incorporate SEI         allocation strategies using
         options to enhance    investment options into        a glide path that you
           your fund lineup    your existing glide path    define or that we custom-
                                                               design for your plan




                                                                 SEI Investor Presentation   16 June 2010   65
Respected Organizations Have Entrusted
SEI With Their Investment Management




*Representative clients are selected by SEI to illustrate a sampling of SEI’s client base, but may not necessarily endorse all of the services provided by SEI. List as of June 2010.


                                                                                                                               SEI Investor Presentation   16 June 2010       66
Institutional Client Benefits

   • Greater probability of achieving goals
   • Complete transformational solution
   • Reduced time commitment required of financial executives
   • Cost-effective
   • True delegation of fiduciary responsibilities
   • Accountable partners
   • Responsive governance process




                                                       SEI Investor Presentation   16 June 2010   67
Growth Priorities

   Solution Enhancements
   • Dynamic asset allocation
   • Portfolio de-risking, based on goal attainment
   • Risk management oversight
   • Integrated goals-based reporting


   Market Expansion
   • Separate accounts for larger asset pools
   • Consultant outreach for Defined Contribution segment




                                                       SEI Investor Presentation   16 June 2010   68
SEI delivers advice to capitalize on short-term market opportunities
• In April 2009, SEI made recommendations and changes for the client to take advantage of the opportunities in the fixed
  income markets – through public and private markets
• Changes:
       – Lowered their inflation hedge allocation and increased their exposure to investment grade fixed income
       – Allocated a small percentage of the portfolio to SEI’s Structured Credit Fund – an alternative strategy.



                                                                                                              Cumulative Alpha: +324bps




                                                                                                                                              $2.4M
                                                                                                                                              Portfolio
                                                                                                                                              Increase


                        •Beginning MV was $52.3M as of 3/31/09; Ending MV does NOT reflect inflows/outflows

                        NOTE: This example is provided for illustration of SEI’s investment process
                        and is not meant to represent actual client experience.                               SEI Investor Presentation   16 June 2010    69
SEI actively manages client’s pension plan to achieve business goals
         Monthly Pension Assets and Liabilities


                                                                                                                                        17 %
                                                                                                                                        Improvement




                                                               Portfolio De-risking

  <80-90% Funding                       90-110% Funding                                  110-120% Funding                       >120% Funding




                Note: Sample portfolios shown for illustration only and is not meant to represent past
                performance or guarantee future results.                                                 SEI Investor Presentation   16 June 2010   70
Growth Summary


  • Recent market environment reinforces outsourcing proposition
  • Sales activities support a growing pipeline
  • Clients are benefiting from SEI’s solution
  • Sales cycles continue to be protracted
  • Solution enhancements provide continued differentiation




                                                       SEI Investor Presentation   16 June 2010   71
Investment Managers
        Steve Meyer
SEI Markets & Businesses

                                     Serving two related markets



                          Wealth Holders                            Wealth Services Holders
                             • Individuals                                   • Distributors
                             • Institutions                                  • Manufacturers


                                    Through five business units


               Private             Investment          Institutional        Investment                New
               Banks                Advisors            Investors            Managers              Businesses
                                                                                                      (ultra HNW)
Pct of 2009
Revenues*        43%                  20%                  21%                   16%                       1%

        * Revenue percentages exclude affiliate LSV. Revenue percentages including LSV were: Private Banks 34%;
        Investment Advisors 16%; Institutional Investors 17%; Investment Managers 13%; New Businesses <1%; LSV 20%.


                                                                                            SEI Investor Presentation   16 June 2010   73
Investment Managers: An Overview


           Serving All Key Investment Manager Product Segments
           Serving All Key Investment Manager Product Segments



Hedge      Mutual      Offshore   CITs   Institutional   ETFs      Separately                  Private
Funds      Funds        Funds              Accounts                 Managed                    Equity
                                                                   Accounts


        Business Process Solution Focused on Investment Operations
        Business Process Solution Focused on Investment Operations



         Back Office              Middle Office                 Front Office




                                                            SEI Investor Presentation   16 June 2010   74
Investment Managers’ Operations


 Breadth                                                                                 Depth
                                      Portfolio
                              Trade    Mgmt        Client
                              Execution           Service
                  Liquidity                           Sales &
                  Management                        Marketing


             Collateral                              Investor Processing
             Management                                    Services

                Pricing & Valuation                         Fund
                                                            Administration

              Compliance
                                                              Fund
                                                              Accounting

                 OTC Processing
                                                 Bank Debt
                                       Risk &    Processing
                       Performance     Analytics


  Focus                                                                              Innovation

                                                                             SEI Investor Presentation   16 June 2010   75
The End Game: Total Operational Outsourcing

                                       SEI Manager Dashboard
                                                   Sales
 Decision       Executive       Portfolio                            Client                Operations
                                                 Marketing
 Support          Mgmt           Mgmt                               Service                  Mgmt
                                                Distribution


 Thought
                         Knowledge Partnership / Compliance Advantage
Leadership

   Data /
                               Data Management and Governance
Information


                                              Front Office
Outsourcing /
“In-sourcing”                                Middle Office

                                              Back Office
                Mutual         Unit         Hedge        Separate          HNW                  Institutional
                Funds         Trusts        Funds        Accounts        Accounts                Accounts




                                                                    SEI Investor Presentation   16 June 2010    76
  New Clients - representative list…
                                                       Latest SMA outsourcing client
    30+ yr old independent traditional                 Also has Institutional Separate Accounts and Mutual
             money manager                              Fund products
                                                       Firm-wide AUM over $12 billion

 Spun out of university to manage endowment assets
 Referred by a large institutional client               4 year old institutional multi-asset
 High growth over 3-4 year period -- $12 billion               investment manager
 Private Equity/FOF/Endowment product opportunity

     20+ yr old independent money                      Top 10 global fixed income hedge fund manager
                                                       Firm-wide AUM over $20 billion
    manager dedicated to alternative                   First time outsourcer
                investing                              Participated in Treasury’s PPIP program

 Large bank loan portfolio
 Institutional and private investors                  8 yr old independent money manager
 Beta client for our middle office services               focused on fundamental value
 Great client acceptance - validates our offering

                                                       Top 5 fixed income manager globally
 35+ yr old traditional money manager
                                                       Outsourced CITs and SMA to SEI
     with global brand awareness                       8 new funds launched since Q4 2009


                                                                            SEI Investor Presentation   16 June 2010   77
2010 Growth Priorities

       Middle Office Expansion                               Front Office Build-Out
* Enhance and expand Complex Security                * Enhance Dashboard to incorporate front office
Processing                                           roles and functionality
* Enhance and expand Reporting capabilities (risk,   * Enhance End Investor Reporting
compliance, performance, etc)                        * Provide expanded Data Analysis and Business
* Expand manager and provider integration            Intelligence tools




                                            TOO
            Global Expansion                                 Existing Client Growth
 * Added additional sales resources                  * Expand solutions to existing clients
 * Focus on the UK and Middle East                   * Enhance client service model
 * Migration strategies                              * Productivity and efficiency
                                                     * Migrate towards Total Operational services




                                                                          SEI Investor Presentation   16 June 2010   78
Market Sizing

                            US            US
                        Traditional   Alternative                     EMEA

           Managers:       3,200          1,500                        3,500

 Markets   Funds:         8,600+          6,500                       40,000


           AUM (US$):     $12+ t      $1.2 – 1.9 t                    $11+ t



           Managers:        91               81                           28
 Clients
           Funds:          450+            810+                         250+


           AUM (US$):    $110 b *         $84 b                       $ 33 b


                                       * Client information does not include SEI Funds


                                                                       SEI Investor Presentation   16 June 2010   79
IMS Opportunities
                       • Lehman/AIG/Market Volatility + Madoff = Investor
                         Pressure
       Trends          • New Products: CITs, ETFs, Institutional
                       • In-sourcers move towards outsourcing

                       • Need Scalable Infrastructure
    Market Needs       • Need Broader and Deeper Capabilities
                       • Middle Office


                       • Focused Expansion (Europe)
  Global Opportunity   • Middle East/SWF Demand
                       • Current Client Expansion


                       • Convergence (products, M&A)
   Existing Clients    • On average, we have < 25% of client AUM
                       • Migration of our solutions is a key growth opportunity




                                                        SEI Investor Presentation   16 June 2010   80
Summary
SEI: Moving forward!



    Portfolio of Businesses
    • Investment Managers
    • Institutional Investors
    • Private Banking                        Institutional Investors
    • Advisors

                                      Investment Managers



                                Banking

                          Advisors



                                                       SEI Investor Presentation 16 June 2010   82