SEI announced the company is launching a multi-faceted approach designed to enhance talent attraction and development to drive future growth. During the first phase, SEI is offering an enhanced voluntary separation program to long-tenured employees as part of its commitment to professional development and expanded responsibilities for current and new talent by increasing advancement opportunities. The program is available for eligible employees in the U.S. who meet the long-term tenure requirements and includes a severance package and the continuation of certain benefits.

Eligible employees will have until early July to determine what is best for them personally and professionally, including continuing their professional journey at SEI. Employees who participate in the program are anticipated to finish their employment before the end of 2022. The departure dates for participating employees will be set based on management's determination of how best to ensure a smooth and successful transition of responsibilities.

The financial impact, which is not measurable at this time, will be included in SEI's third-quarter financial results.