SEI Investments Company has reported net income of $77.5m for the first quarter of 2016, down 8% from $84.6m a year ago.
Diluted earnings per share were $0.47 compared to $0.50 in first-quarter 2015.
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For the quarter ended 31 March 2016, the provider of investment processing, investment management and investment operations solutions posted revenue of $334.3m, a decline of 3% from $325.44m in the corresponding quarter of 2015.
SEI chairman and CEO Alfred West, Jr. said: "Our results for the first quarter reflect the growing adoption of our platform solutions across our target markets and customer bases while we manage through capital market volatility.
"SEI’s sales success during the quarter is a testament to the relevance of our offerings to our clients’ businesses.
"In all segments of our company, we are continuously investing in products and services that will position us well for the long term, while creating sustainable growth and increased shareholder value."
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