SEI Investments SEIC SEI Wealth Platform — Capitalized software in progress
Similar metrics at other companies
Other financials
Where this comes from
Reported directly by SEI Investments in its filing.
Tagged under the XBRL concept seic:IntangibleAssetFiniteLivedCostsInProgress.
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 in progress?
- SEI Investments (SEIC) reported SEI wealth platform — capitalized software in progress of $2.23M in Q2 2026.
- What does SEI wealth platform — capitalized software in progress mean?
- This represents the balance of development costs for software projects within the wealth platform that are not yet placed into service. It serves as a leading indicator of future product capabilities and technological upgrades currently in the pipeline. Monitoring this balance provides insight into the company's commitment to future growth and the timing of upcoming platform enhancements.
Ask your AI about SEI Investments's sei wealth platform — capitalized software in progress.
Connect your AI assistant and compare it to peers, right in your chat.
