SEI Secures Huntington National Bank as New Wealth Platform Client

SEIC
March 31, 2026

SEI Investments Company announced that Huntington National Bank, a wholly‑owned subsidiary of Huntington Bancshares, has selected the SEI Wealth Platform to unify its wealth‑management technology, operations, and asset‑management capabilities.

The win comes on the heels of SEI’s Q4 2025 earnings, in which the company reported diluted earnings per share of $1.38—$0.04 above the $1.34 consensus—and revenue of $607.93 million, up 9% from the same quarter a year earlier. Operating margin rose to 26.6% from 26.0% in Q4 2024, driven by cost leverage and a higher mix of high‑margin professional services.

The partnership is expected to feed into the Private Banking segment, which grew 4% in revenue versus Q3 2025 and saw operating margin expand from 16% to 19% as a result of increased platform adoption and streamlined back‑office processes. The deal also aligns with SEI’s strategy of securing large institutional clients to accelerate platform scale and margin improvement.

Ryan Hicke, SEI’s CEO, said the company’s recent results reflect “solid revenue growth, margin expansion, and outstanding sales activity across the organization.” Melissa Holding, Director of Wealth Management at Huntington, added that the partnership “strengthens our ability to deliver on that commitment…providing a unified, modern platform for the Private Bank that streamlines operations, scales with our business, and strengthens our risk….”

SEI’s Wealth Platform now manages $1.9 trillion of assets out of a total $8.1 trillion on its wealth‑management platforms, and the addition of Huntington is expected to accelerate that growth. The deal also dovetails with Huntington’s broader technology agenda, which includes a fintech venture studio and prior collaborations with firms such as InvestCloud.

With the partnership, SEI continues to position itself as a leading provider of modular, high‑margin wealth‑management solutions, while Huntington gains a scalable platform that supports its goal of operating more like a technology company. The win is a tangible illustration of SEI’s platform‑centric strategy and is likely to contribute to the company’s ongoing revenue and margin expansion.

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