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Revenues from Contracts with Customers
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues from Contracts with Customers Revenues from Contracts with Customers
The Company’s principal sources of revenues are: (1) asset management, administration and distribution fees primarily earned based upon a contractual percentage of net assets under management or administration; and (2) information processing and software servicing fees that are either recurring and primarily earned based upon the number of trust accounts being serviced or a percentage of the market value of the clients' assets processed on the Company's platforms, or non-recurring and based upon project-oriented contractual agreements related to client implementations.
Disaggregation of Revenue
The following tables provide additional information pertaining to our revenues disaggregated by major product line and primary geographic market based on the location of the use of the products or services for each of the Company’s business segments for 2024, 2023 and 2022:
Investment
Managers
Private
Banks
Investment
Advisors		Institutional
Investors		Investments
in New
Businesses		Total
Major Product Lines:For the Year Ended December 31, 2024
Investment management fees from pooled investment products$363 $133,210 $233,992 $48,215 $1,721 $417,501 
Investment management fees from investment management agreements— 4,302 197,638 215,464 18,513 435,917 
Investment operations fees691,953 2,270 51,550 12 4,207 749,992 
Investment processing fees - PaaS5,042 290,825 5,570 1,631 34 303,102 
Investment processing fees - SaaS19 87,938 335 8,172 21,168 117,632 
Professional services fees3,572 19,747 — — 3,299 26,618 
Account fees and other27,441 3,122 20,323 12,229 11,274 74,389 
Total revenues$728,390 $541,414 $509,408 $285,723 $60,216 $2,125,151 
Primary Geographic Markets:
United States$655,051 $355,887 $509,408 $236,088 $60,216 $1,816,650 
United Kingdom— 125,745 — 36,999 — 162,744 
Canada— 40,564 — 5,756 — 46,320 
Ireland43,231 19,218 — 6,880 — 69,329 
Luxembourg30,108 — — — — 30,108 
Total revenues$728,390 $541,414 $509,408 $285,723 $60,216 $2,125,151 
Investment
Managers		Private
Banks		Investment
Advisors		Institutional
Investors		Investments
in New
Businesses		Total
Major Product Lines:For the Year Ended December 31, 2023
Investment management fees from pooled investment products$401 $127,388 $239,244 $47,943 $1,382 $416,358 
Investment management fees from investment management agreements— 3,091 174,418 223,212 16,647 417,368 
Investment operations fees611,126 1,572 1,490 — 5,702 619,890 
Investment processing fees - PaaS4,261 244,910 5,035 1,000 42 255,248 
Investment processing fees - SaaS73 89,708 — 10,118 17,557 117,456 
Professional services fees (1)
3,885 26,291 — — 1,199 31,375 
Account fees and other25,508 3,357 16,111 7,435 9,687 62,098 
Total revenues$645,254 $496,317 $436,298 $289,708 $52,216 $1,919,793 
Primary Geographic Markets:
United States (1)$583,107 $325,543 $436,298 $242,945 $52,216 $1,640,109 
United Kingdom94 113,221 — 34,485 — 147,800 
Canada— 39,974 — 5,652 — 45,626 
Ireland38,319 17,579 — 6,626 — 62,524 
Luxembourg23,734 — — — — 23,734 
Total revenues$645,254 $496,317 $436,298 $289,708 $52,216 $1,919,793 
(1) Professional services fees of the Private Banks segment includes a one-time early contractual buyout fee of $10,457 recorded during 2023 from an investment processing client acquired by an existing client.
Investment
Managers		Private
Banks		Investment
Advisors		Institutional
Investors		Investments
in New
Businesses		Total
Major Product Lines:For the Year Ended December 31, 2022
Investment management fees from pooled investment products$396 $125,430 $263,266 $56,714 $1,476 $447,282 
Investment management fees from investment management agreements— 2,187 162,762 247,113 16,117 428,179 
Investment operations fees572,187 1,410 — — 6,216 579,813 
Investment processing fees - PaaS3,077 242,916 5,956 1,044 40 253,033 
Investment processing fees - SaaS70 92,377 — 11,425 15,798 119,670 
Professional services fees (2)3,206 102,012 — — 1,811 107,029 
Account fees and other20,725 3,678 15,782 7,057 8,789 56,031 
Total revenues$599,661 $570,010 $447,766 $323,353 $50,247 $1,991,037 
Primary Geographic Markets:
United States$545,297 $311,784 $447,766 $267,928 $50,247 $1,623,022 
United Kingdom (2)— 199,294 — 42,777 — 242,071 
Canada— 43,108 — 5,311 — 48,419 
Ireland37,466 15,824 — 7,075 — 60,365 
Luxembourg16,898 — — — — 16,898 
Other— — — 262 — 262 
Total revenues$599,661 $570,010 $447,766 $323,353 $50,247 $1,991,037 
(2) Professional services fees of the Private Banks segment includes one-time early termination fees of $88,000 related to a contractual agreement with a significant client of the Company. In accordance with ASC 606, the entire amount of the fees received were recorded
during 2022 as there were no future performance obligations of the Company related to the agreement upon termination.
Investment management fees from pooled investment products - Revenues associated with clients' assets invested in Company-sponsored pooled investment products. Contractual fees are stated as a percentage of the market value of assets under management and collected on a monthly basis. Revenues are recognized in Asset management, administration and distribution fees on the accompanying Consolidated Statements of Operations.
Investment management fees from investment management agreements - Revenues based on assets of clients of the Institutional Investors segment primarily invested in Company-sponsored products. Each client is charged an investment management fee that is stated as a percentage of the market value of all assets under management. The client is billed directly on a quarterly basis. Revenues are recognized in Asset management, administration and distribution fees on the accompanying Consolidated Statements of Operations.
Revenues associated with the separately managed account program offered through registered investment advisors located throughout the United States. The contractual fee is stated as a percentage of the market value of all assets invested in the separately managed account and collected on a quarterly basis. Revenues are recognized in Asset management, administration and distribution fees on the accompanying Consolidated Statements of Operations.
Investment operations fees - Revenues earned from accounting and administrative services, distribution support services and regulatory and compliance services to investment management firms and family offices. The Company contracts directly with the investment management firm or family office. The contractual fees are stated as a percentage of net assets under administration and billed when asset valuations are finalized. Also includes fees from client cash balances held in the FDIC-insured accounts through the SEI Integrated Cash program. Revenues are recognized in Asset management, administration and distribution fees on the accompanying Consolidated Statements of Operations.
Investment processing fees - Platform as a Service - Revenues associated with clients that outsource their entire investment operation and back-office processing functions. Through the use of the Company's proprietary platforms, the Company assumes all back-office investment processing services including investment processing, custody and safekeeping of assets, income collections, securities settlement and other related trust activities. The contractual fee is based on a monthly fee plus additional fees determined on a per-account or per-transaction basis. Contractual fees can also be stated as a percentage of the value of assets processed on the Company's platforms each month as long as the fee is in excess of a monthly contractual minimum. The client is billed directly on a monthly basis. Revenues are recognized in Information processing and software servicing fees on the accompanying Consolidated Statements of Operations.
Revenues associated with clients of the mutual fund trading solution are fees recognized for shareholder services and related services through the use of the Company's proprietary platform or through third-party vendor agreements. Contractual fees are stated as a percentage of the value of total assets or positions processed on the Company's platform or subject to third-party vendor agreements each month. Fees are billed and collected on a monthly and quarterly basis. These revenues were previously classified under Account fees and other in 2023 and have been reclassified to conform to the current year presentation.
Investment processing fees - Software as a Service - Revenues associated with clients of the Private Banks segment for application software services. Clients retain responsibility for all investment operations, client administration and other back-office trust operations. The contractual fee is based on a monthly fee plus additional fees determined on a per-account or per-transaction basis. The client is billed directly on a monthly basis.
Revenues associated with clients of the Investments in New Businesses segment processed on the Archway PlatformSM are fees for hosted technology services to family offices and financial institutions. The Archway Platform is an integrated technology platform used for investment, operations, accounting and client reporting by these institutions. The contractual fee is based on a monthly subscription fee to access the Archway Platform along with additional fees on a per transaction basis.
Revenues associated with clients of the Institutional Investors segment processed on the SEI NovusSM portfolio intelligence tool are fees for data management, performance measurement, reporting, and risk analytics. The contractual fee is based on a fixed fee to access SEI Novus and includes fees for integration of historical fund data and custom reporting.
All revenues from investment processing fees are recognized in Information processing and software servicing fees on the accompanying Consolidated Statements of Operations.
Professional services fees - Revenues associated with the business services migration for investment processing clients of the Private Banks segment and investment operations clients of the Investment Managers segment. In addition, Professional services include other services such as business transformation consulting. Typically fees are stated as a contractual fixed fee. The client is billed directly and fees are collected according to the terms of the agreement.
Account fees and other - Revenues associated with custody account servicing, account terminations, reimbursements received for out-of-pocket expenses, and other fees for the provision of ancillary services.