SEI Investments SEIC SEI Wealth Platform — Capitalized software development costs
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Where this comes from
Reported directly by SEI Investments in its filing.
Tagged under the XBRL concept us-gaap:FiniteLivedIntangibleAssetsGross.
The source filing: SEI Investments’s 10-Q, filed July 27, 2026.
- Filed
- Jul 27, 2026, 3:00 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000350894-26-000048
The Company capitalized $11,132 and $14,466 of software development costs during the six months ended June 30, 2026 and 2025, respectively, to further develop the SEI Wealth PlatformSM (SWP) and for the development of a new platform for the Investment Managers segment. The Company capitalized $7,456 and $8,851 of software development costs for significant enhancements to SWP during the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, the net book value of SWP was $186,530, which includes $2,232 of capitalized software development costs in-progress associated with future releases. SWP has a weighted average remaining life of 7.3 years. Amortization expense for SWP was $15,173 and $14,297 during the six months ended June 30, 2026 and 2025, respectively.
Item 1. Financial Statements.
FAQ
- What is SEI Investments's SEI wealth platform — capitalized software development costs?
- SEI Investments (SEIC) reported SEI wealth platform — capitalized software development costs of $7.46M in Q2 2026.
- What does SEI wealth platform — capitalized software development costs mean?
- This represents the cumulative costs incurred for the development of internal-use software for the wealth management platform that have been capitalized rather than expensed. It reflects the company's ongoing investment in enhancing its technological infrastructure and service capabilities. Tracking this metric helps investors assess the scale of long-term capital allocation toward digital product innovation.
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