SEI Investments Company (NASDAQ:SEIC) Q4 2023 Earnings Call Transcript January 31, 2024 4:30 PM ET

Company Participants

Alex Whitelam - IR

Ryan Hicke - CEO

Dennis McGonigle - CFO

Sanjay Sharma - EVP and Global Head of Private Banking & Wealth Management

Paul Klauder - EVP and Head of Advisor Business

Phil McCabe - EVP and Head of Investment Manager Services

Conference Call Participants

Crispin Love - Piper Sandler

Ryan Kenny - Morgan Stanley

Owen Lau - Oppenheimer

Mike Brown - KBW

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the SEI Fourth Quarter 2023 Earnings Call. At this time, all participants are on a listen-only line. Later, there will be Q&A. Instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Alex Whitelam. Please go ahead.

Alex Whitelam

Thank you, and welcome, everyone. We appreciate you joining us today for our fourth quarter 2023 earnings call. On the call, we have Ryan Hicke, SEI's Chief Executive Officer; Dennis McGonigle, Chief Financial Officer; and leaders of our business segments; Wayne Withrow, Paul Klauder, Jay Cipriano, Phil McCabe, Sanjay Sharma and Sneha Shah.

Before we begin, I'd like to point out that our earnings press release 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. We would like to remind you that during today's presentation and in our response to your questions, we have and will make certain forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our notices regarding forward-looking statements that appear in today's earnings press release and in our filings with the Securities and Exchange Commission. We do not undertake to update any of our forward-looking statements.

With that, I'll turn the call over to our CEO, Ryan Hicke. Ryan?

Ryan Hicke

Thanks, Alex, and good afternoon, everyone. While market conditions vary throughout the year, our team did an excellent job navigating uncertainty, engaging our clients, driving growth and setting SEI up well for the future. In 2023, we had key strategic objectives that included margin expansion and sales in targeted private bank segments, continued momentum in global expansion and investment managers, further penetration into the RIA space, investments in alternatives for future growth and driving continued operating leverage, profit growth, infusing new talent across the company. We are pleased with the performance, momentum and trajectory of both the private banking and IMS businesses.