Item 8.01. Other Events.
On November 16, 2021, SEI Investments Company (the "Company") was notified by
Retirement Planners of America ("RPOA"), a significant client of the Company's
Investment Advisors business, that RPOA intends to terminate its relationship
with the Company and move a majority of the assets managed by RPOA, effective
May 15, 2022. RPOA utilizes the Company's Adviser Managed Trust, a proprietary
mutual fund complex predicated on tactical market timing. The funds in the
Company's Adviser Managed Trust are held by RPOA clients only and are not held
by any other Company clients. Certain assets currently managed by RPOA will
transfer to another investment advisor and continue to be invested utilizing the
Company's platform and investment products. Currently, the Company estimates,
assuming RPOA liquidates on the expected date, that the impact to its Investment
Advisors business will be approximately $9 million to $11 million in lost
revenue in fiscal year 2022.
As provided in General Instruction B.2 to Form 8-K, the information furnished in
this Item 8.01 shall not be deemed "filed" for purposes of Section 18 of the
Securities and Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing with the Securities and Exchange
Commission, except as shall be expressly provided by specific reference in such
filing.
This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. From time to time, the
Company may also provide oral or written forward-looking statements in other
materials the Company releases to the public. Such forward-looking statements
are subject to the safe harbor created by the Private Securities Litigation
Reform Act of 1995.
Statements that refer to future events or circumstances are forward-looking
statements, and include, but are not limited to, the Company's estimate of the
range of lost revenue in its Investment Advisors business for fiscal year 2022,
the effective date on which, if at all, RPOA will terminate its relationship
with the Company and RPOA assets will leave the Company's Advisor Managed Trust.
In addition, statements that the Company makes in this Current Report on Form
8-K that are not statements of historical fact may also be forward-looking
statements. Words such as "expects," or "intends," and variations of such words
and similar expressions are intended to identify forward-looking statements.
Undue reliance should not be placed on the Company's forward-looking statements,
as they are based on the current beliefs and expectations of management and
subject to significant risks and uncertainties, many of which are beyond the
Company's control or are subject to change. Although the Company believes the
assumptions upon which it based its forward-looking statements are reasonable,
they could be inaccurate. Some of the risks and important factors that could
cause actual results to differ from those described in the Company's
forward-looking statements can be found in the "Risk Factors" section of the
Company's Annual Report on Form 10-K for the year ended December 31, 2020, filed
with the Securities and Exchange Commission. Forward-looking statements speak
only as of the date when made and the Company undertakes no obligation to update
any forward-looking statement, whether as a result of new information, future
events or otherwise.

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