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Investment In Unconsolidated Affiliate
 3 Months Ended
Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Investment In Unconsolidated Affiliate Investment in Unconsolidated Affiliate
LSV Asset Management
The Company has an investment in LSV Asset Management (LSV), a registered investment advisor that provides investment advisory services primarily to institutions, including pension plans and investment companies. LSV is currently an investment sub-advisor for a limited number of SEI-sponsored investment products. The Company's partnership interest in LSV as of March 31, 2024 was 38.6%. The Company accounts for its interest in LSV using the equity method because of its less than 50% ownership. The Company’s interest in the net assets of LSV is reflected in Investment in unconsolidated affiliate on the accompanying Consolidated Balance Sheets and its interest in the earnings of LSV is reflected in Equity in earnings of unconsolidated affiliate on the accompanying Consolidated Statements of Operations.
At March 31, 2024, the Company’s total investment in LSV was $57,291. The Company receives partnership distributions from LSV on a quarterly basis. The Company received partnership distributions from LSV of $33,147 and $29,219 in the three months ended March 31, 2024 and 2023, respectively. As such, the Company considers these distribution payments as returns on investment rather than returns of the Company's original investment in LSV and has therefore classified the associated cash inflows as an operating activity on the Consolidated Statements of Cash Flows.
The Company’s proportionate share in the earnings of LSV was $31,643 and $28,879 during the three months ended March 31, 2024 and 2023, respectively.
These tables contain condensed financial information of LSV:
Condensed Statement of OperationsThree Months Ended March 31,
 20242023
Revenues$107,349 $98,192 
Net income82,012 74,774 
Condensed Balance SheetsMarch 31, 2024December 31, 2023
Current assets$127,930 $169,867 
Non-current assets6,198 6,568 
Total assets$134,128 $176,435 
Current liabilities$36,673 $74,853 
Non-current liabilities1,955 2,182 
Partners’ capital95,500 99,400 
Total liabilities and partners’ capital$134,128 $176,435