SEI Investments Co. (SEIC) on Wednesday reported second-quarter profit of $227.1 million. On a per-share basis, the Oaks, Pennsylvania-based company said it had profit of $1.78.

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The substantial earnings beat was largely driven by a $94.4 million gain from the sale of SEI’s Family Office Services business, which contributed $0.60 to the quarterly EPS. The company also ...

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