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Equity Method Investments | 12 Months Ended
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Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | Equity Method Investments LSV Asset Management The Company has an investment in the general partnership 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. As of December 31, 2024, the Company's total partnership interest in LSV was approximately 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 earnings of LSV is reflected in Equity in earnings of unconsolidated affiliates on the accompanying Consolidated Statements of Operations. At December 31, 2024 and 2023, the Company’s total investment in LSV was $114,299 and $110,781, respectively, and is included in Investments on the accompanying Consolidated Balance Sheets (See Note 5). The Company’s proportionate share in the earnings of LSV was $135,741, $126,930 and $120,667 in 2024, 2023 and 2022, respectively. The Company receives partnership distributions related to the earnings of LSV on a quarterly basis. 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 received partnership distribution payments from LSV of $139,119, $121,582 and $120,849 in 2024, 2023 and 2022, respectively. These tables contain condensed financial information of LSV:
Condensed Statement of Operations Year ended December 31, |  | 2024 |  | 2023 |  | 2022
Revenues |  | $ | 457,589 |  |  | $ | 426,270 |  |  | $ | 406,895 |
Net income |  | $ | 351,815 |  |  | $ | 328,905 |  |  | $ | 312,180 |
Condensed Balance Sheets December 31, |  | 2024 |  | 2023
Current assets |  | $ | 170,055 |  |  | $ | 169,867 |
Non-current assets |  | 5,313 |  |  | 6,568 |
Total assets |  | $ | 175,368 |  |  | $ | 176,435 |
Current liabilities |  | $ | 82,356 |  |  | $ | 74,853 |
Non-current liabilities |  | 5,382 |  |  | 2,182 |
Partners’ capital |  | 87,630 |  |  | 99,400 |
Total liabilities and partners’ capital |  | $ | 175,368 |  |  | $ | 176,435 |
Other Equity Method Investments The Company's other equity method investments consist of an investment in a non-affiliated limited partnership in which the Company holds a more than minor interest. At December 31, 2024, the Company’s total investment in the limited partnership was $9,483 and is included in Investments on the accompanying Consolidated Balance Sheets (See Note 5). The Company did not hold any interest in the limited partnership at December 31, 2023.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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