joining everyone, third solid us. Hello, you we top growth. with a and Alex. line environment, thank quality results challenging market Thanks, quarter Despite the for delivered for and earnings
and results win. segments we focused repeatably on surgically in Investor where the we are laid growing I Day, last areas: our at As sales year's out we following can markets believe
adding outside and launching capital enhance new investment organic We larger client and managers community and are regional acquired banks, to managers, RIAs; private with with investment more perspective seeing insight play continuing generation smart U.K. focused and alternatives and internal deliver and in out with that and revenue enhanced to revenue AI and long-term expense and scale on future management. and investing service growth, earnings by We're excellence for driven businesses to drive automation, talent growth.
not while strategy and long-term ahead, I'm satisfied complacent, for as innovating. keep managing our we or profitability. we're of are growth proud executing excited momentum are will about we our we We see our what company knowing executing
were impacted third provide program. $XXX in Turning voluntary or to on QX related quarter was was EPS results this ago. up results. $XXX million, this $X.XX. by quarter third onetime million, Net basis. more in from that Dennis a year for for EPS income Revenues by our our on the will third $X.XX expense to Keep details results. separation our year's Absent X% a mind a XX% increased quarter XXXX expense, quarter year-over-year comparable were the
X.X focused In $XX stock quarter. remain on share. of of client in translates had through the the million throughout businesses per into more at price and million building an with quarter, continued touch pipeline cross repurchased in we The sales outsourcing That technology success SEI third We we've purchases. shares points our the year generating broadening stock clients, $XX.XX of relationships our sales. our higher-quality out operational and average
are positioning sales management increase efforts increase capitalize opportunities and well We this us across activity enterprise to our larger launched believe growth wealth also We to firms. future group on these quarter sales.
let of asset in management a negative lines. our events was and With business combination million me This of sales net were by to Net recurring. outsourcing operational quarter in our million, of activity turn totaled $XX.X which the sales technology million, $XX.X businesses. $XX.X that, offset
and expenses The this delivering business converted quarter, and Investment another while segment. had implemented growth clients and managing growth. and well funds good strong for continues Our earnings Managers new revenue team
re-contracts constant events in the on number Our our cross-sell focus clients strategic of in client a quarter. resulted and
traditional we that across winning see and are segments. alternatives, to excited global really are We
our credit, equity, infrastructure private largest private real markets. continue estate the and in alternatives, clients In expand to
competitive new we we functions have leadership highly firms X onboarded client the strong also from During relationships, to on we see continue the sales quarter, bid. to and development. won our flows ground and pipeline competitive Globally, expanded a our through service and existing takeaways enhance
with a significant business, opportunity our clients larger funds. traditional are alternative This trend provides to who the launch In beginning for are we seeing SEI.
also seeing We continued interest in are platform. increased CIT our
Next, Private and SEI more on solid X implementing another Banking The from backlog. clients. recurring quarter, re-contracting than deals the Platform, team revenue backlog, X in delivered on clients representing million signing also successfully $XX drove the X their Wealth
in conversion accounts from and to During moving including the U.S. we SWP migrated book platforms. and XXXX from competitive more quarter, CIBC's SWP billion substantial a assets, approximately XXX,XXX Bank than $XXX TRUST from to
solution, interest and existing We also multicustody our with live generating broad our client base. prospective which is went with both
and The Banking pipeline business capitalizing on expanding expenses. prudently our by continues Private to managing forward move
we calls. events growth previously our for have absorb are announced coming quarters, in have some on previous While confident strategy to in that we business still discussed the margin we
SEI continued primarily partner end on including Global strategic accounts, this technology focused on Moving wealth driving and team our our approximately entire open are adviser-driven experience office driven plans front capitalize we intermediary more client portal set growth the to to The million, advisers net to managed adoption see our advisers and Asset positive Investment solutions that of the opportunity on investor business, base. management separately Management $XXX had we cash executing across enhanced the a and growth enhance is benefit from clients. their robust within seeing and architecture, for custody the for space. that to new our solid by Connect also revenue for flows we're collaborative provide flexibility. support the business. investment digital All and We've business, solutions advisers
custody build out We're our to for efforts capabilities alternative also advancing assets.
strategy liquid our U.S. fund alternative launched complex. we in Finally, our
this early in for models we see being -- to sell fund it expect We and standalone to fund year. to time this will advisers next offered include expect the
poised to is particular a the which growth asset area attract are highlighted All solutions another classes in more to in the initiative space, offer we've for to with advisers, these of our of believe especially models We as in enhanced us this future. intermediaries. step RIA private
that Institutional revenue to greater and and U.K. the the environment headwinds Investors profitability experienced to defined be a in continue working the drive more curtailments we're for business. annuitizations In benefit U.S. segment, Corporate and we challenging but
expectations some that for quarter We our success. to will also engagement expenses steps during headwinds to Given they XXXX, our clients proactively long-term business in our approach be with we enterprise-wide focused where strategically the managing and on these and improving the met. meet our took want align utilizing to appropriately, but persist resources position clients remain
footing market. of segments institutional U.K. all that the are that trust additional acquisition in will in structure an master We our confident our upcoming competitive advance across
leader, and landscape. across are competing to we market the a committed As institutional winning
Turning to our Investments in New Business segment.
to best and We market assess growth. our the enhance forward to continue offerings path
and success. And LSV strong. expect partnership progress We are pleased remains finally, with with future our the
the enhance continue and culture SEI's engagement. we've On made talent awareness investments to and employee drive front, year strategic the brand that throughout
my concludes to I turn remarks. This for our prepared it quarter. discuss Dennis? Dennis now over to results will the financial
