January 27, 2010 - 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: 7

FOR IMMEDIATE RELEASE

SEI REPORTS FOURTH-QUARTER 2009 FINANCIAL RESULTS

OAKS, Pa., January 27, 2010 SEI Investments Company (NASDAQ:SEIC) today announced financial results for fourth-quarter 2009, reporting increases in revenues and net income attributable to SEI, and diluted earnings per share compared to fourth-quarter 2008. Diluted earnings per share were $0.24. Earnings were negatively affected by Structured Investment Vehicle (SIV)-related and accelerated Global Wealth Platform (GWP) amortization charges of approximately $0.04.

Consolidated Overview

(In thousands, except earnings per share)


	For the Three Months Ended December 31,						For the Twelve Months Ended December 31,
	2009		2008		%		2009		2008		%
Revenues	$	283,995	$	268,402	6	%	$	1,060,548	$	1,247,919	(15	)%
Net Income attributable to SEI		45,837		9,649	375	%		174,335		139,254	25	%
Diluted Earnings Per Share	$	0.24	$	0.05	380	%	$	0.91	$	0.71	28	%

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

As the economic climate continues to improve, we believe we will have opportunities in all our segments to achieve growth in new business. At the same time, we are continuing to make key investments to give us even greater opportunities to grow. During these turbulent times we maintain our belief that what we are doing will significantly benefit our clients and SEI both today and in the future.

Summary of Fourth-Quarter and Year to Date Results


(In thousands)	For the Three Month Period Ended December 31,								For the Twelve Month Period Ended December 31,
	2009			2008			%		2009			2008			%
Private Banks:
Revenues	$	89,119		$	97,962		(9	)%	$	361,273		$	408,500		(12	)%
Expenses		80,192			75,582		6	%		309,300			326,661		(5	)%

Operating Profit	$	8,927		$	22,380		(60	)%	$	51,973		$	81,839		(36	)%
Operating Margin		10	%		23	%				14	%		20	%
Investment Advisors:
Revenues		45,540			41,951		9	%		166,097			223,164		(26	)%
Expenses		28,369			28,529		(1	)%		109,418			122,231		(10	)%

Operating Profit		17,171			13,422		28	%		56,679			100,933		(44	)%
Operating Margin		38	%		32	%				34	%		45	%
Institutional Investors:
Revenues		48,720			43,408		12	%		177,721			198,154		(10	)%
Expenses		25,121			22,873		10	%		99,924			112,866		(11	)%

Operating Profit		23,599			20,535		15	%		77,797			85,288		(9	)%
Operating Margin		48	%		47	%				44	%		43	%
Investment Managers:
Revenues		37,093			35,966		3	%		139,004			147,968		(6	)%
Expenses		24,915			23,536		6	%		93,074			101,078		(8	)%

Operating Profit		12,178			12,430		(2	)%		45,930			46,890		(2	)%
Operating Margin		33	%		35	%				33	%		32	%
Investments in New Businesses:
Revenues		990			1,356		(27	)%		4,492			6,865		(35	)%
Expenses		2,836			2,973		(5	)%		11,625			15,795		(26	)%

Operating Loss		(1,846	)		(1,617	)	14	%		(7,133	)		(8,930	)	(20	)%
Operating Margin		n/a			n/a					n/a			n/a
LSV:
Revenues		62,533			47,759		31	%		211,961			263,268		(19	)%
Expenses (1)		39,497			30,833		28	%		136,580			164,783		(17	)%

Operating Profit		23,036			16,926		36	%		75,381			98,485		(23	)%
Operating Margin		37	%		35	%				36	%		37	%
Totals:
Revenues	$	283,995		$	268,402		6	%	$	1,060,548		$	1,247,919		(15	)%
Expenses		200,930			184,326		9	%		759,921			843,414		(10	)%
Corporate overhead expenses		9,294			8,079		15	%		36,529			38,955		(6	)%
Noncontrolling interest reflected in segments		(32,937	)		(23,518	)	40	%		(106,905	)		(138,079	)	(23	)%
LSV Employee Group Expenses		1,820			1,820		0	%		7,296			7,280		0	%

	$	104,888		$	97,695		7	%	$	363,707 $			496,349		(27	)%

(1)	Includes $32,350 and $23,200 for the three-month period ended December 31, 2009 and 2008, respectively, and $105,471 and $135,251 for the twelve-month period ended December 31, 2009 and 2008, respectively, of noncontrolling interest to the other partners of LSV.

Fourth-Quarter Business Commentary:

Fourth-quarter revenue results improved on a sequential quarter basis for all major segments, due primarily to improved capital markets.

The fourth-quarter 2009 results include $7.7 million of amortization expense associated with a change in the useful life of previously capitalized software development costs for some components related to GWP. This charge was due to the replacement of these components with components contained in the most recent release of GWP that occurred in 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 fourth-quarter 2009 margins. This is the second half of charges first reported in third-quarter, 2009.

The fourth-quarter 2009 results include losses of $4.0 million associated with SIV-related issues, whereas results in fourth-quarter 2008 included losses of $64.3 million. SEI has recognized cumulative losses of $189.1 million associated with these SIV-related issues through December 31, 2009. As previously reported, SEI has now purchased all SIVs owned by its money market funds and has no capital support agreements left in place. Additional information pertaining to SIV-related issues involving SEI-sponsored money market funds is contained in SEIs 2008 Form 10-K filed February 25, 2009 and SEIs 2009 third-quarter Form 10-Q filed November 3, 2009.

Assets under management increased by $2.7 billion during the fourth-quarter 2009 to $158.8 billion, primarily due to market appreciation.

In the fourth-quarter, SEI purchased 1,243,000 shares of its common stock for $22.1 million.

Earnings Conference Call

A conference call to review earnings is scheduled for 2:00 PM ET on January 27, 2010. Investors may listen to the call at www.seic.com/investors, 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 143992.

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 December 31, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $392 billion in mutual fund and pooled assets and manages $158 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 December 31,
	2009			2008
Asset management, admin. and distribution fees	$	214,378		$	191,247
Information processing and software servicing fees		58,655			56,003
Transactionbased and trade execution fees		10,962			21,152

Total revenues		283,995			268,402

Commissions and fees		37,434			41,296
Compensation, benefits and other personnel		71,657			61,517
Consulting, outsourcing and professional fees		21,660			24,208
Data processing and computer related		11,476			11,500
Facilities, supplies and other costs		16,429			19,920
Depreciation		5,336			5,932
Amortization		15,115			6,334

Total expenses		179,107			170,707

Income from operations		104,888			97,695

Net loss on investments		(3,559	)		(64,631	)
Interest and dividend income		1,736			2,995
Interest expense		(860	)		(740	)
Other income					5,577

Income before taxes		102,205			40,896

Income taxes		25,636			9,961

Net income		76,569			30,935

Less: Net income attributable to the noncontrolling interest		(30,732	)		(21,286	)

Net income attributable to SEI	$	45,837		$	9,649

Diluted earnings per common share	$	0.24		$	0.05

Shares used to calculate diluted earnings per common share		191,414			192,030

Basic earnings per common share	$	0.24		$	0.05

Shares used to calculate basic earnings per common share		190,329			190,858

SEI INVESTMENTS COMPANY

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)


	Twelve Months Ended December 31,
	2009			2008
Asset management, admin. and distribution fees	$	773,186		$	955,399
Information processing and software servicing fees		231,807			229,807
Transactionbased and trade execution fees		55,555			62,713

Total revenues		1,060,548			1,247,919

Commissions and fees		147,545			171,972
Compensation, benefits and other personnel		289,178			309,870
Consulting, outsourcing and professional fees		81,694			103,789
Data processing and computer related		45,403			44,602
Facilities, supplies and other costs		66,882			74,378
Depreciation		21,531			22,032
Amortization		44,608			24,927

Total expenses		696,841			751,570

Income from operations		363,707			496,349

Net loss on investments		(4,926	)		(158,018	)
Interest and dividend income		7,281			13,740
Interest expense		(3,744	)		(3,418	)
Other income					5,577

Income before taxes		362,318			354,230

Income taxes		89,886			86,703

Net income		272,432			267,527

Less: Net income attributable to the noncontrolling interest		(98,097	)		(128,273	)

Net income attributable to SEI	$	174,335		$	139,254

Diluted earnings per common share	$	0.91		$	0.71

Shares used to calculate diluted earnings per common share		191,783			195,233

Basic earnings per common share	$	0.91		$	0.73

Shares used to calculate basic earnings per common share		190,821			192,057

SEI INVESTMENTS COMPANY

CONDENSED BALANCE SHEETS

(In thousands)


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

Cash and short-term investments	$	590,877	$	416,643
Restricted cash		20,000		14,000
Receivables		212,451		208,209
Other current assets		18,075		100,819

Total current assets		841,403		739,671

Property and equipment, net		146,053		148,124
Marketable securities		181,897		86,693
Capitalized software, net		278,656		270,606
Goodwill		22,842		22,842
Intangible assets, net		44,859		52,518
Other assets, net		18,098		21,261

Total assets	$	1,533,808	$	1,341,715


Liabilities

Current liabilities (1)	$	163,055	$	329,894
Long-term debt		247,152		24,332
Deferred income taxes		86,257		104,548
Long-term liabilities		5,726		4,067

Total SEI Investments Company shareholders equity		909,723		769,152
Noncontrolling interest		121,895		109,722

Total Equity		1,031,618		878,874

Total liabilities and equity	$	1,533,808	$	1,341,715

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

SEI INVESTMENTS COMPANY

ASSET BALANCES

(In millions)

(Unaudited)


	Dec. 31, 2008		Mar. 31, 2009		Jun. 30, 2009		Sep. 30, 2009		Dec. 31, 2009
Private Banks:
Equity/Fixed Income prgms.	$	10,573	$	9,679	$	10,892	$	12,479	$	12,690
Collective Trust Fund prgm.		1,145		1,198		1,176		1,098		1,067
Liquidity funds		9,194		8,929		7,581		6,524		6,035

Total assets under mgmt.	$	20,912	$	19,806	$	19,649	$	20,101	$	19,792

Client assets under admin.		10,622		9,920		10,143		10,941		11,213

Total assets	$	31,534	$	29,726	$	29,792	$	31,042	$	31,005

Investment Advisors:
Equity/Fixed Income prgms.	$	21,631	$	18,832	$	21,705	$	24,739	$	25,392
Collective Trust Fund prgm.		2,606		2,716		2,621		2,521		2,423
Liquidity funds		3,436		3,458		2,469		2,243		1,929

Total assets under mgmt.	$	27,673	$	25,006	$	26,795	$	29,503	$	29,744

Institutional Investors:
Equity/Fixed Income prgms.	$	34,966	$	32,565	$	36,955	$	43,672	$	44,322
Collective Trust Fund prgm.		942		791		755		707		684
Liquidity funds		4,582		3,802		3,462		4,624		3,370

Total assets under mgmt.	$	40,490	$	37,158	$	41,172	$	49,003	$	48,376

Investment Managers:
Equity/Fixed Income prgms.	$	8	$	3	$	3	$	4	$	4
Collective Trust Fund prgm.		5,974		6,917		6,794		7,075		7,428
Liquidity funds		869		898		505		528		412

Total assets under mgmt.	$	6,851	$	7,818	$	7,302	$	7,607	$	7,844

Client assets under admin. (A)		234,628		221,798		213,930		216,222		221,680

Total assets	$	241,479	$	229,616	$	221,232	$	223,829	$	229,524

Investments in New Businesses:
Equity/Fixed Income prgms.	$	519	$	472	$	473	$	473	$	520
Liquidity funds		153		157		133		93		75

Total assets under mgmt.	$	672	$	629	$	606	$	566	$	595

LSV Asset Management
Equity/Fixed Income prgms.	$	37,714	$	32,308	$	40,210	$	49,349	$	52,488

Consolidated:
Equity/Fixed Income prgms (B)	$	105,411	$	93,859	$	110,238	$	130,716	$	135,416
Collective Trust Fund prgm.		10,667		11,622		11,346		11,401		11,602
Liquidity funds		18,234		17,244		14,150		14,012		11,821

Total assets under mgmt.	$	134,312	$	122,725	$	135,734	$	156,129	$	158,839

Client assets under admin. (C)		245,250		231,718		224,073		227,163		232,893

Total assets	$	379,562	$	354,443	$	359,807	$	383,292	$	391,732

(A)	Client assets under administration in the Investment Managers segment include $59,169 of assets balances that require limited services and therefore are at fee levels below our normal full service assets (as of December 31, 2009).

(B)	Equity/Fixed Income programs include $2,339 of assets invested in various asset allocation funds at December 31, 2009.

(C)	In addition to the numbers presented, SEI also administers an additional $8,473 in Funds of Funds assets (as of December 31, 2009) on which SEI does not earn an administration fee.

Form: 8-K

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