Good morning, everyone, and welcome to the Annual Meeting of Shareholders of SEI Investments Company. Please welcome Al West, Chairman and Chief Executive Officer.
Thank you everyone for joining us today. With us on the call are all of the members of the Board of Directors. Also with us are 2 of our Executive Officers, Dennis McGonigle, our Chief Financial Officer and Mike Peterson, General Counsel. Finally, we have 2 partners from KPMG, our registered public accountants, Robert Caprioni and Katie DeAngelo.
I would
like to now to officially call the meeting to order. I'll preside as Chairman of the meeting. Bill Dorn, one of our directors and our corporate secretary will act as secretary of the meeting. Bill and Mike Peterson will take us through the formal terms of the meeting. Please, Bill, let us get started.
Thank you, Al, and good morning. The agenda for today's meeting will be as follows. I will go over certain procedural items and Mike will preside over the voting on the 4 proposals set forth in our proxy statement. Al will then give his annual report to shareholders. After the annual report, Alan, the representatives from KPMG will take questions.
The meeting will be conducted in accordance with the Code of Conduct posted on the web portal. Shareholders may ask questions in the designated field on the web portal subject to the parameters set forth in the meeting's code of conduct. Please note that this meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. An affidavit has been delivered attesting to the fact that notice of the meeting and the accompanying materials were mailed on or about April 27, 2021 to all registered shareholders as of March 26, 2021, the record date for the meeting.
The Judge of Elections, who previously took the oath as Judge of Elections, has informed me that a majority of the total issued and outstanding shares of the company's stock are represented at the medium via the web portal or by proxy. Therefore, a quorum is present for the purposes of conducting business. I will now ask Mike to take us through the items on which we are voting today. Mike?
Thank you, Bill. Good morning, everyone. We will now turn to the items of business, which were described in detail in the proxy statement furnished to the shareholders of record. As a reminder, the proxy statement is available through the web portal. It can also be accessed via the SEC's website at www dotsec.gov.
We have 3 proposals to be voted on by the SEI shareholders at the meeting today. Proxies have been received and tabulated. They have been voted by written ballot in accordance with the terms of each proxy received. Any shareholder who has not yet voted or who would like to change their vote may do so on the web portal by clicking on the voting button and following the instructions. Please do that now.
We will close the voting once I have read the 3 proposals to be voted on. These are 1st, election of Carmen Romeo and Carl Guarino as directors for a 3 year term ending in 2024. 2nd, to approve on an advisory basis the compensation of our named executive officers and third, to ratify the appointment of KPMG LLP as independent registered public accountants to examine our consolidated financial statements for 2021. The polls are now closed. The preliminary voting results from the judge of election are that each of the 3 proposals is set forth in our proxy statement have been approved.
We will report the final vote results on a Form 8 ks that will be filed with the U. S. Securities and Exchange Commission within 4 business days. Before Al delivers his remarks, I would like everyone to note that some of the discussion may include forward looking statements. Our forward looking statements involve risks and uncertainties that could cause actual results to differ materially from those that are predicted.
We urge you to read and carefully consider our cautionary statement posted on the meeting site. There being no further business to come before this meeting, I will turn things back to Al.
Al? Thank you, Bill and Mike. The meeting is adjourned. I will now give you my brief report on the company. If you would like to submit a question to either SEI or the representatives of KPMG, please follow the instructions on your screen.
I would like to recap our growth picture first. Despite the fact that we live and operate in extraordinary times, we have succeeded by being unwavering in our focus on executing our long term strategy. In addition, our solutions executed by our talented workforce are what uniquely position us to continue growing long into the future. For the year 2020, sales events net of client losses totaled $94,000,000 We consider that quite an accomplishment since all of our units pitched in. 1 of the faster growing areas is our assets under administration.
The AUA grew in the year 2020 by $108,000,000 or 16 percent to reach $780,000,000,000 by year end 2020. Now the focus on our growth is what permits us to reward our shareholders. In all of 2020, we repurchased 8,000,000 shares of our common stock for $425,000,000 at an average price of $53 per share. Now that's significant. But when you add our dividends to our repurchases in 2020, we passed on $529,000,000 of capital to our shareholders.
That's even more significant. So looking ahead, we believe we have made significant progress on our one SEI approach, making all of our assets available to all of our markets. Also, we have a lot of positive momentum moving into 2021. We have a strong backlog of sales and conversions and a number of key prospects late in the sales cycle. In addition, we have made progress in strategically repositioning our Asset Management business segments.
Now that concludes my brief report. Thank you. And Mike, do we have any questions?
Thank you, Mr. Chairman. We have no questions. So back to you, Al.
If there are no further questions, thank you for all for joining us in 2021 Virtual Annual Meeting. Have a great day.