SEI Investments Company completed the first stage of its strategic investment in Stratos Wealth Holdings on December 3 2025, paying approximately $441 million for the U.S.‑based business. The transaction, executed through SEI‑Eclipse Holding Company, LLC, gives SEI a 57.5% equity stake while existing Stratos shareholders retain 42.5% with put/call rights that could lead to full ownership.
The deal is part of a two‑stage acquisition that will bring Stratos’ national network of more than 350 independent financial advisors and planners across 29 U.S. states into SEI’s platform. The U.S. business manages roughly $38 billion in client assets, and the transaction is expected to close in 2026 after regulatory approvals and customary conditions.
SEI’s CEO Ryan Hicke said the investment reinforces the firm’s belief in financial advisors and highlights the value of Stratos’ intimate understanding of advisor needs. Hicke added that SEI’s world‑class administration and asset‑management platforms will enable advisors to deliver more effective advice. Stratos founder Jeff Concepcion noted that SEI’s expertise will help power growth and enhance the firm’s offerings.
The $441 million payment represents about 81% of the total $544 million cash consideration for the 57.5% stake. The transaction expands SEI’s advisory footprint, strengthens its technology, custody, operations, and asset‑management capabilities, and positions the company to capture growth in the consolidating wealth‑management and RIA space.
The first stage’s completion marks a key milestone in SEI’s broader growth strategy, which has focused on strategic investments and acquisitions to enhance market position and service offerings. The second stage, involving Stratos’ Mexico‑based NSC business, is expected to close in 2026, further extending SEI’s geographic reach and advisor network.
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