Sign in

You're signed outSign in or to get full access.

Natalie Null

Research Analyst at KBW

Natalie Null is an equity research analyst at KBW, a full-service boutique investment firm in New York City, focusing on securities analysis. Specific companies covered and performance metrics are not publicly detailed in available sources, with no success rates, TipRanks rankings, or return data identified. She began her professional career in 2024 after graduating from the University of Richmond, where she served as head of the value fund in the Student Managed Investment Fund (SMIF), gaining hands-on experience in portfolio management and investment evaluation. Professional credentials such as FINRA registrations or securities licenses are not specified in available information.

Natalie Null's questions to SEI INVESTMENTS (SEIC) leadership

Question · Q4 2025

Natalie Null from KBW asked about the sustainability of the Private Banking segment's margin, which stepped up sequentially to the high teens. She questioned if this margin level could be maintained with stronger professional services sales or if a return to mid-teens was more likely, with upside potential from professional services. Null also requested additional color on the two significant mandate wins in the Private Banking segment.

Answer

CEO Ryan Hicke indicated that Private Banking margins have shown a steady increase over the past eight quarters and are expected to remain in a similar range, with professional services typically having higher margins than platform services. Sanjay Sharma, President of Private Banking, explained that the two large mandate wins resulted from 18+ months of advisory engagement, defining transformation agendas, and combining SEI's core platform, enterprise capabilities, and professional services. Sean Denham, CFO and COO, added that one of these wins was SEI's second Software-as-a-Service client.

Ask follow-up questions

Fintool

Fintool can predict SEI INVESTMENTS logo SEIC's earnings beat/miss a week before the call

Question · Q4 2025

Natalie Nall inquired about the sustainability of the Private Banking segment's margin, specifically if the high-teens range could be maintained given the stronger professional services contribution, or if a return to mid-teens was more likely. She also requested additional details on the two larger mandate wins in the Private Banking segment.

Answer

CEO Ryan Hicke indicated that Private Banking margins are expected to remain in the high-teens range, acknowledging some choppiness due to mix, with professional services typically yielding higher margins. Sanjay Sharma, President of Private Banking, explained that the two large mandate wins resulted from 18+ months of advisory engagement, defining transformation agendas, and combining SEI's core platform, enterprise capabilities, and professional services. Sean Denham, CFO and COO, added that one win was a regional community bank and the other a large private wealth manager, both competitive outsourcers, with one being SEI's second SWP SaaS client.

Ask follow-up questions

Fintool

Fintool can write a report on SEI INVESTMENTS logo SEIC's next earnings in your company's style and formatting