SEI Investments Company (SEIC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to SEI Second Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Brad Burke, Head of Investor Relations and Treasurer. Thank you, sir. You may begin. Thank you and welcome everyone to SEI's second quarter 2026 earnings call. We appreciate you joining us today. On the call, we have Ryan Hicke, SEI's chief executive officer, Sean Denham, our chief financial and chief operating officer, and members of our executive management team, including Michael Lane, Phil McCabe, Mike Peterson, Sneha Shah, Sanjay Sharma, and Amy Slowinski. Before we begin, I'd like to point out that our earnings press release and the presentation accompanying today's call can be found under the investor relations section of our website at seic.com. This call is being webcast live and a replay will be available on the events and webcast page of our website. With that, I'll now turn the call over to Ryan. Ryan? Thank you, Brad, and good afternoon, everyone. I assume most of you have reviewed the numbers by now. SEI had an outstanding second quarter. Compared to the prior year, revenue increased 15%. Adjusted operating profit increased 36%. and adjusted earnings per share increased 38%. All three represent quarterly records for SEI. This quarter is less about what happened during the last three months and more a reflection of the changes we have made over the past few years. We are more disciplined in how we allocate capital across both investments and talent. We have evolved our value proposit...