October 21, 2009 - PRESS RELEASE - 8-K: Current report filing

Exhibit 99.1

NEWS FROM SEI


Investor Contact:		Media Contact:
Murray Louis		Dana Grosser
(610) 676-1932		(610) 676-2459
mlouis@seic.com		dgrosser@seic.com
Pages: 8

FOR IMMEDIATE RELEASE

SEI REPORTS THIRD-QUARTER 2009 FINANCIAL RESULTS

OAKS, Pa., October 21, 2009 SEI Investments Company (NASDAQ:SEIC) today announced financial results for third quarter 2009, reporting decreases in revenues and increases in net income attributable to SEI and diluted earnings per share compared to third quarter 2008.

Consolidated Overview


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(In thousands, except earnings per share)	2009		2008		%		2009		2008		%
Revenues	$	275,933	$	316,086	(13	)%	$	776,553	$	979,517	(21	)%
Net Income attributable to SEI		52,727		34,495	53	%		128,498		129,605	(1	)%
Diluted Earnings Per Share	$	0.27	$	0.18	50	%	$	0.67	$	0.66	2	%

Our third-quarter results reflect the impact from improving capital markets and the cost reduction initiatives we put in place earlier this year, said Alfred P. West, Jr., SEI Chairman and CEO.

While improving capital markets resulted in favorable comparisons to second quarter 2009; the still-depressed levels continue to have a negative impact on company results compared to third quarter 2008. That said, our financial strength enables us to continue to implement the long term strategies vital to the sustained success of our company.

As always, we are focused on our clients well-being and success. We are firm in our belief that what we are doing will significantly benefit our clients and SEI both today and in the future.

Summary of Third-Quarter and Year to Date Results by Business Segment


	For the Three Month Period Ended September 30,								For the Nine Month Period Ended September 30,
(In thousands)	2009			2008			%		2009			2008			%
Private Banks:
Revenues	$	88,561		$	99,882		(11	)%	$	272,154		$	310,538		(12	)%
Expenses		79,549			79,545		0	%		229,108			251,079		(9	)%

Operating Profit	$	9,012		$	20,337		(56	)%	$	43,046		$	59,459		(28	)%
Operating Margin		10	%		20	%				16	%		19	%

Investment Advisors:
Revenues		43,467			58,846		(26	)%		120,557			181,213		(33	)%
Expenses		28,001			30,775		(9	)%		81,049			93,702		(14	)%

Operating Profit		15,466			28,071		(45	)%		39,508			87,511		(55	)%
Operating Margin		36	%		48	%				33	%		48	%

Institutional Investors:
Revenues		47,458			52,757		(10	)%		129,001			154,746		(17	)%
Expenses		27,369			30,525		(10	)%		74,803			89,993		(17	)%

Operating Profit		20,089			22,232		(10	)%		54,198			64,753		(16	)%
Operating Margin		42	%		42	%				42	%		42	%

Investment Managers:
Revenues		35,208			38,202		(8	)%		101,911			112,002		(9	)%
Expenses		23,047			26,566		(13	)%		68,159			77,542		(12	)%

Operating Profit		12,161			11,636		5	%		33,752			34,460		(2	)%
Operating Margin		35	%		30	%				33	%		31	%

Investments in New Businesses:
Revenues		1,079			1,811		(40	)%		3,502			5,509		(36	)%
Expenses		3,171			4,023		(21	)%		8,789			12,822		(31	)%

Operating Loss		(2,092	)		(2,212	)	(5	)%		(5,287	)		(7,313	)	(28	)%
Operating Margin		n/a			n/a					n/a			n/a

LSV:
Revenues		60,160			64,588		(7	)%		149,428			215,509		(31	)%
Expenses (1)		38,928			40,754		(4	)%		97,083			133,950		(28	)%

Operating Profit		21,232			23,834		(11	)%		52,345			81,559		(36	)%
Operating Margin		35	%		37	%				35	%		38	%

Consolidated Segment Totals:
Revenues	$	275,933		$	316,086		(13	)%	$	776,553		$	979,517		(21	)%
Expenses		200,065			212,188		(6	)%		558,991			659,088		(15	)%

Operating Profit	$	75,868		$	103,898		(27	)%	$	217,562		$	320,429		(32	)%
Operating Margin		27	%		33	%				28	%		33	%

(1)	Includes $29,829 and $32,741 for the three-month period ended September 30, 2009 and 2008, respectively, and $73,120 and $112,051 for the nine-month period ended September 30, 2009 and 2008, respectively of noncontrolling interest to the other partners of LSV.

A reconciliation of the totals reported for the business segments to the applicable line items in the Consolidated Statements of Income for the three-and nine-month periods ended September 30, 2009 and 2008 is as follows:


	Three months ended September 30,						Nine months ended September 30,
	2009			2008			2009			2008
Total operating profit from business segments	$	75,868		$	103,898		$	217,562		$	320,429

Corporate overhead expenses		(8,897	)		(10,420	)		(27,235	)		(30,876	)
Noncontrolling interest reflected in segments		30,168			33,291			73,968			114,561
LSV Employee Group Expenses (1)		(1,836	)		(1,820	)		(5,476	)		(5,460	)

Income from operations	$	95,303		$	124,949		$	258,819		$	398,654

(1)

Includes $1,805 for the three-month period ending September 30, 2009 and 2008, and $5,416 for the nine-month period ended September 30, 2009 and 2008 of amortization expense related to intangible assets owned by LSV Employee Group LLC. The amortization is offset through noncontrolling interest since SEI does not have any ownership in LSV Employee Group LLC.

Third-Quarter Business Commentary:

All segments realized lower third-quarter 2009 revenues compared to third quarter 2008 primarily due to still-depressed capital markets when compared to year ago levels.

The improvement of capital markets in the third quarter 2009 compared to second quarter 2009 was the primary driver of improved revenues on a sequential quarter basis. The Institutional Investors and Investment Managers segment results were also positively affected by new business wins.

The third-quarter 2009 results include gains of $14.9 million associated with SIV-related securities held by SEI. Additional information pertaining to SIV-related issues involving SEI and its sponsored money market funds is contained in SEIs 2008 Form 10-K filed February 25, 2009 and SEIs 2009 second-quarter Form 10-Q filing dated August 5, 2009.

In September 2009, SEI purchased the remaining SIV from the SDIT Prime Obligation Fund for $60.7 million. As a result of this purchase, SEIs obligation under the Capital Support Agreement was canceled. SEI has now purchased all SIVs owned by its money market funds and has no capital support agreements left in place.

The third-quarter 2009 results include $7.7 million of additional depreciation expense associated with a change in the useful life of previously capitalized software development costs for some components related to Global Wealth Platform (GWP). This charge was due to the expected replacement of these components with components contained in the next release of GWP scheduled for Q4 2009. The bulk of this expense is contained in the Private Banks segment ($5 million) and the Investment Advisors segment ($1.9 million), depressing third-quarter 2009 margins.

During the third quarter 2009, the Institutional Investors segment recorded a one-time charge of $2.2 million related to an operational error.

Assets under management increased by $20.4 billion during the third quarter 2009 to $156.1 billion, primarily due to market appreciation.

In the third quarter, SEI purchased 975,000 shares of its common stock for $18.5 million.

Earnings Conference Call

A conference call to review earnings is scheduled for 2:00 p.m. ET on October 21, 2009. Investors may listen to the call at www.seic.com (Investor Information section), or listen at www.earnings.com, a service of Thomson Streetevents. The call may also be accessed at numerous financial services web sites including AOL and Yahoo. Investors may also listen to replays at these web sites, or by telephone at (USA) 1-800-475-6701; (International) 320-365-3844, access code 119321.

About SEI

SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The companys innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $383 billion in mutual fund and pooled assets and manages $156 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.

Many of the statements in this release may be considered forward looking statements and include discussions about future operations, strategies and financial results. Forward-looking statements are based upon estimates and assumptions that involve risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe our assumptions are reasonable, they could be inaccurate. Our actual future revenues and income could differ materially from our expected results. We have no obligation to publicly update or revise any forward-looking statements.

SEI INVESTMENTS COMPANY

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)


	Three Months Ended September 30,
	2009			2008
Asset management, admin. and distribution fees	$	206,235		$	243,162
Information processing and software servicing fees		56,241			56,577
Transactionbased and trade execution fees		13,457			16,347

Total revenues		275,933			316,086

Commissions and fees		36,419			42,336
Compensation, benefits and other personnel		73,621			80,932
Consulting, outsourcing and professional fees		20,173			26,213
Data processing and computer related		11,234			11,325
Facilities, supplies and other costs		18,817			18,656
Depreciation and amortization		20,364			11,675

Total expenses		180,628			191,137

Income from operations		95,305			124,949

Net gain (loss) on investments		15,616			(42,047	)
Interest and dividend income		1,896			3,384
Interest expense		(1,034	)		(903	)

Income before taxes		111,783			85,383

Income taxes		31,109			19,995

Net income		80,674			65,388

Less: Net income attributable to the noncontrolling interest		(27,947	)		(30,893	)

Net income attributable to SEI	$	52,727		$	34,495

Diluted earnings per common share	$	0.27		$	0.18

Shares used to calculate diluted earnings per common share		192,325			194,696

Basic earnings per common share	$	0.28		$	0.18

Shares used to calculate basic earnings per common share		190,850			191,554

SEI INVESTMENTS COMPANY

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)


	Nine Months Ended September 30,
	2009			2008
Asset management, admin. and distribution fees	$	558,808		$	764,152
Information processing and software servicing fees		173,152			173,804
Transactionbased and trade execution fees		44,593			41,561

Total revenues		776,553			979,517

Commissions and fees		110,111			130,676
Compensation, benefits and other personnel		217,520			248,353
Consulting, outsourcing and professional fees		60,034			79,581
Data processing and computer related		33,926			33,102
Facilities, supplies and other costs		50,453			54,458
Depreciation and amortization		45,688			34,693

Total expenses		517,732			580,863

Income from operations		258,821			398,654

Net loss on investments		(1,367	)		(93,387	)
Interest and dividend income		5,544			10,745
Interest expense		(2,884	)		(2,678	)

Income before taxes		260,114			313,334

Income taxes		64,250			76,742

Net income		195,864			236,592

Less: Net income attributable to the noncontrolling interest		(67,366	)		(106,987	)

Net income attributable to SEI	$	128,498		$	129,605

Diluted earnings per common share	$	0.67		$	0.66

Shares used to calculate diluted earnings per common share		191,905			196,300

Basic earnings per common share	$	0.67		$	0.67

Shares used to calculate basic earnings per common share		190,986			192,457

CONDENSED BALANCE SHEETS

(In thousands)


	(Unaudited) September 30, 2009		December 31, 2008
Assets

Cash and short-term investments	$	507,485	$	416,643
Restricted cash		20,000		14,000
Receivables		221,352		208,209
Other current assets		20,918		100,819

Total current assets		769,755		739,671

Property and equipment, net		141,103		148,124
Marketable securities		210,897		86,693
Capitalized software, net		282,700		270,606
Goodwill		22,842		22,842
Intangible assets, net		46,775		52,518
Other assets, net		18,952		21,261

Total assets	$	1,493,024	$	1,341,715

Liabilities

Current liabilities (1)	$	129,339	$	329,894
Long-term debt		269,792		24,332
Deferred income taxes		90,744		104,548
Long-term liabilities		4,937		4,067

Total SEI Investments Company shareholders equity		886,413		769,152
Noncontrolling interest		111,799		109,722

Total Equity		998,212		878,874

Total liabilities and equity	$	1,493,024	$	1,341,715

(1)	Includes $173,983 at December 31, 2008, respectively, of an accrual related to money market funds support agreements.

SEI INVESTMENTS COMPANY

ASSET BALANCES

(In millions)

(Unaudited)


	Sep. 30, 2008		Dec. 31, 2008		Mar. 31, 2009		Jun. 30, 2009		Sep. 30, 2009
Private Banks:
Equity/Fixed Income prgms.	$	14,436	$	10,573	$	9,679	$	10,892	$	12,479
Collective Trust Fund prgm.		1,028		1,145		1,198		1,176		1,098
Liquidity funds		9,253		9,194		8,929		7,581		6,524

Total assets under mgmt.	$	24,717	$	20,912	$	19,806	$	19,649	$	20,101

Client assets under admin.		12,301		10,622		9,920		10,143		10,941

Total assets	$	37,018	$	31,534	$	29,726	$	29,792	$	31,042

Investment Advisors:
Equity/Fixed Income prgms.	$	27,817	$	21,631	$	18,832	$	21,705	$	24,739
Collective Trust Fund prgm.		2,471		2,606		2,716		2,621		2,521
Liquidity funds		2,859		3,436		3,458		2,469		2,243

Total assets under mgmt.	$	33,147	$	27,673	$	25,006	$	26,795	$	29,503

Institutional Investors:
Equity/Fixed Income prgms.	$	39,775	$	34,966	$	32,565	$	36,955	$	43,672
Collective Trust Fund prgm.		1,001		942		791		755		707
Liquidity funds		3,930		4,582		3,802		3,462		4,624

Total assets under mgmt.	$	44,706	$	40,490	$	37,158	$	41,172	$	49,003

Investment Managers:
Equity/Fixed Income prgms.	$	10	$	8	$	3	$	3	$	4
Collective Trust Fund prgm.		6,453		5,974		6,917		6,794		7,075
Liquidity funds		699		869		898		505		528

Total assets under mgmt.	$	7,162	$	6,851	$	7,818	$	7,302	$	7,607

Client assets under admin. (A)		256,553		234,628		221,798		213,930		216,222

Total assets	$	263,715	$	241,479	$	229,616	$	221,232	$	223,829

Investments in New Businesses:
Equity/Fixed Income prgms.	$	704	$	519	$	472	$	473	$	473
Liquidity funds		115		153		157		133		93

Total assets under mgmt.	$	819	$	672	$	629	$	606	$	566

LSV Asset Management
Equity/Fixed Income prgms.	$	51,296	$	37,714	$	32,308	$	40,210	$	49,349

Consolidated:
Equity/Fixed Income prgms (B)	$	134,038	$	105,411	$	93,859	$	110,238	$	130,716
Collective Trust Fund prgm.		10,953		10,667		11,622		11,346		11,401
Liquidity funds		16,856		18,234		17,244		14,150		14,012

Total assets under mgmt.	$	161,847	$	134,312	$	122,725	$	135,734	$	156,129

Client assets under admin. (C)		268,854		245,250		231,718		224,073		227,163

Total assets	$	430,701	$	379,562	$	354,443	$	359,807	$	383,292

(A)	Client assets under administration in the Investment Managers segment include $64,148 of assets balances that require limited services and therefore are at fee levels below our normal full service assets (as of September 30, 2009).

(B)	Equity/Fixed Income programs include $2,290 of assets invested in various asset allocation funds at September 30, 2009.

(C)	In addition to the numbers presented, SEI also administers an additional $8,552 in Funds of Funds assets (as of

September 30, 2009) on which SEI does not earn an administration fee.

Form: 8-K

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