Business Segment Information

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

The Company’s reportable business segments are:

Private Banks – provides investment processing and investment management programs to banks and trust institutions worldwide, independent wealth advisers located in the United Kingdom, and financial advisors in Canada;

Investment Advisors – provides investment management programs to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the United States;

Institutional Investors – provides investment management programs and administrative outsourcing solutions to retirement plan sponsors, hospitals, and not-for-profit organizations worldwide;

Investment Managers – provides investment operations outsourcing solutions to investment managers, fund companies and banking institutions located in the United States, and to investment managers worldwide of alternative asset classes such as hedge funds, funds of hedge funds, and private equity funds across both registered and partnership structures; and

Investments in New Businesses – provides investment management programs to ultra-high-net-worth families residing in the United States through the SEI Wealth Network® and conducts other research and development activities.

In 2012, 2011 and 2010, no single customer accounted for more than ten percent of revenues in any business segment.

The following tables highlight certain financial information about each of the Company’s business segments for the years ended December 31, 2012, 2011, and 2010:

	Private Banks			Investment Advisors			Institutional Investors			Investment Managers			Investments In New Businesses			Total
	For the Year Ended December 31, 2012
Revenues	$	364,788		$	202,703		$	227,889		$	193,484		$	3,658		$	992,522
Expenses	357,001			120,146			116,546			127,525			14,954			736,172
Operating profit (loss)	$	7,787		$	82,557		$	111,343		$	65,959		$	(11,296	)	$	256,350
Profit margin	2		%	41		%	49		%	34		%	N/A			26		%

	Private Banks			Investment Advisors			Institutional Investors			Investment Managers			Investments In New Businesses			Total
	For the Year Ended December 31, 2011
Revenues	$	348,122		$	189,780		$	210,027		$	177,975		$	3,823		$	929,727
Expenses	339,339			110,438			106,585			115,963			11,559			683,884
Operating profit (loss)	$	8,783		$	79,342		$	103,442		$	62,012		$	(7,736	)	$	245,843
Profit margin	3		%	42		%	49		%	35		%	N/A			26		%

	Private Banks			Investment Advisors			Institutional Investors			Investment Managers			Investments In New Businesses			Total
	For the Year Ended December 31, 2010
Revenues	$	346,668		$	183,378		$	206,531		$	160,159		$	4,099		$	900,835
Expenses	310,633			110,388			106,934			103,421			12,676			644,052
Operating profit (loss)	$	36,035		$	72,990		$	99,597		$	56,738		$	(8,577	)	$	256,783
Profit margin	10		%	40		%	48		%	35		%	N/A			29		%

A reconciliation of the total reported for the business segments to income from operations in the Consolidated Statements of Operations for the years ended December 31, 2012, 2011, and 2010 is as follows:

Year Ended December 31,	2012			2011			2010
Total operating profit from segments above	$	256,350		$	245,843		$	256,783
Corporate overhead expenses	(45,759		)	(43,398		)	(40,715		)
Noncontrolling interest reflected in segments	975			1,620			1,465
Income from operations	$	211,566		$	204,065		$	217,533

The following tables provide additional information for the years ended December 31, 2012, 2011, and 2010 pertaining to our business segments:

	Capital Expenditures						Depreciation
Year Ended December 31,	2012		2011		2010		2012		2011		2010
Private Banks	$	32,509	$	35,045	$	32,982	$	15,226	$	15,648	$	15,704
Investment Advisors	11,193		11,933		11,691		1,981		2,251		2,384
Institutional Investors	2,781		2,059		2,601		1,012		1,079		1,170
Investment Managers	5,494		3,081		3,659		1,914		1,809		1,891
Investments in New Businesses	632		577		608		1,716		114		148
Total from business segments	$	52,609	$	52,695	$	51,541	$	21,849	$	20,901	$	21,297
Corporate Overhead	1,465		530		799		737		570		605
	$	54,074	$	53,225	$	52,340	$	22,586	$	21,471	$	21,902

	Amortization
Year Ended December 31,	2012		2011		2010
Private Banks	$	22,218	$	18,081	$	15,100
Investment Advisors	7,167		6,201		5,467
Institutional Investors	1,208		864		1,213
Investment Managers	804		580		820
Investments in New Businesses	1,249		433		477
Total from business segments	$	32,646	$	26,159	$	23,077
Corporate Overhead	612		1,129		971
	$	33,258	$	27,288	$	24,048

	Total Assets
	2012		2011
Private Banks	$	481,602	$	457,333
Investment Advisors	120,255		119,053
Institutional Investors	99,461		80,133
Investment Managers	118,221		95,760
Investments in New Businesses	5,846		5,962
Total from business segments	$	825,385	$	758,241
Corporate Overhead (1)	484,439		536,318
	$	1,309,824	$	1,294,559

(1) Unallocated assets primarily consist of cash and cash equivalents, marketable securities, and certain other shared services assets.

The following table presents revenues based on the location of the use of the products or services:

For the Year Ended December 31,	2012		2011		2010
United States	$	843,407	$	785,506	$	767,068
International operations	149,115		144,221		133,767
	$	992,522	$	929,727	$	900,835

The following table presents assets based on their location:

	2012		2011
United States	$	1,066,451	$	1,098,643
International operations	243,373		195,916
	$	1,309,824	$	1,294,559