New money from investors accounted for $578 million of the increase during the quarter. Institutional investors added a net $245 million, while mutual fund clients contributed $488 million, but this was partially offset as wealthy individuals pulled a net $155 million. President and CEO Sean M. Healey said AMG is looking at making additional acquisitions. "Going forward we are confident that we will continue to enhance our earnings growth through investments in both traditional and alternative firms," he said. Elsewhere, SEI Investments Company ( SEIC - Get Report) reported a 20% increase in income driven by increases in assets under management across all of its divisions. Net income rose to $69.5 million, or 34 cents a share, from $57.9 million, or 29 cents a share, for the same period of 2006. The results exceeded expectations of analysts polled by Thomson for EPS of 32 cents. Total assets under management exceeded $198.7 billion on June 30, up from $161.7 billion a year earlier. Assets increased for all of its segments, including private banks, investment advisers, institutional investors and investment managers.