OverviewSuggest Edit

Virtus Investment Partners provides investment management products and services to individuals and institutions. It operates a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand.

TypePublic
Founded2008
HQHartford, US
Websitevirtus.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Dec 2018)577(+7%)
Job Openings12
Revenue (FY, 2018)$552.2 M(+30%)
Share Price (Jan 2020)$126.7 (+2%)

Key People/Management at Virtus Investment Partners

George R. Aylward

George R. Aylward

President and Chief Executive Officer
Michael A. Angerthal

Michael A. Angerthal

Executive Vice President and Chief Financial Officer
Mardelle Peña

Mardelle Peña

EVP, Human Resources
Barry Mandinach

Barry Mandinach

Executive Vice President and Head of Distribution
Francis Waltman

Francis Waltman

Executive Vice President, Product Management
Show more

Virtus Investment Partners Office Locations

Virtus Investment Partners has offices in Hartford, Westborough and Providence
Hartford, US (HQ)
1 Financial Plaza
Westborough, US
4400 Computer Dr
Show all (3)

Virtus Investment Partners Financials and Metrics

Virtus Investment Partners Revenue

Virtus Investment Partners's revenue was reported to be $552.24 m in FY, 2018 which is a 29.8% increase from the previous period.
USD

Revenue (Q3, 2019)

146.0m

Net income (Q3, 2019)

24.1m

EBIT (Q3, 2019)

35.8m

Market capitalization (10-Jan-2020)

871.5m

Closing stock price (10-Jan-2020)

126.7

Cash (30-Sept-2019)

160.0m

EV

1.0b
Virtus Investment Partners's current market capitalization is $871.5 m.
Annual
USDFY, 2011FY, 2012FY, 2014FY, 2016FY, 2017FY, 2018

Revenue

204.7m280.1m450.6m322.6m425.6m552.2m

Revenue growth, %

32%30%

Cost of goods sold

204.7m263.4m330.9m

Gross profit

117.9m162.2m221.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2017Q1, 2019Q2, 2019Q3, 2019

Revenue

48.9m55.5m62.4m66.8m72.0m86.2m96.1m123.7m130.7m140.5m146.0m

General and administrative expense

200.0k200.0k

Operating expense total

7.9m7.4m7.9m9.0m600.0k9.2m10.5m1.6m1.2m320.0k523.0k

Depreciation and amortization

1.0m8.8m1.3m1.2m
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Cash

45.3m63.4m82.7m233.5m201.7m

Accounts Receivable

27.1m37.3m35.9m65.6m70.0m

Prepaid Expenses

3.7m4.0m

Current Assets

92.6m164.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2017Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

36.6m39.2m32.8m48.7m43.2m45.9m70.9m386.1m138.3m110.3m135.1m160.0m

Accounts Receivable

24.8m25.9m31.5m32.7m32.8m42.5m44.8m61.8m79.8m74.2m71.5m74.2m

Prepaid Expenses

3.0m4.6m4.4m3.9m3.6m5.2m4.7m

Current Assets

79.8m81.4m86.6m102.2m134.3m154.2m200.8m
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Net Income

145.4m37.8m48.8m39.9m76.1m

Depreciation and Amortization

1.8m1.8m2.5m18.3m33.4m

Accounts Payable

13.0m14.1m

Cash From Operating Activities

23.7m39.8m30.5m(182.7m)(62.6m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2017Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

7.5m4.8m5.5m13.8m25.5m14.2m29.0m34.3m75.0m22.5m50.4m75.7m

Depreciation and Amortization

974.0k1.4m323.0k759.0k1.2m575.0k1.2m11.6m23.1m9.9m19.8m29.8m

Accounts Payable

(960.0k)5.0m(16.8m)(9.4m)3.3m(19.8m)(9.9m)

Cash From Operating Activities

56.0k6.7m(9.4m)16.2m14.6m(5.4m)22.2m(103.8m)(101.7m)(23.2m)(143.7m)(103.0m)
USDY, 2019

EV/EBIT

28 x

EV/CFO

-9.7 x

Financial Leverage

4.6 x
Show all financial metrics

Virtus Investment Partners Operating Metrics

Virtus Investment Partners's Assets Under Management was reported to be $92b in FY, 2018.
FY, 2016FY, 2017FY, 2018

Assets Under Management

$45.37 b$90.96 b$92.03 b

Assets Under Management, Closed-End Funds

$6.76 b$6.67 b$5.96 b

Assets Under Management, Exchange Traded Funds

$596.80 m$1.04 b$667.60 m

Assets Under Management, Open-End Funds

$23.43 b$43.08 b$37.71 b
Show all operating metrics

Virtus Investment Partners Acquisitions / Subsidiaries

Company NameDateDeal Size
Sustainable Growth Advisers, LPFebruary 02, 2018$105 m
RidgeWorth InvestmentsDecember 16, 2016$513 m
Ceredex Value Advisors LLC
Duff & Phelps Investment Management Co.
ETF Distributors LLC
ETFis Holdings LLC
Kayne Anderson Rudnick Investment Management, LLC
Newfleet Asset Management, LLC
Rampart Investment Management Company, LLC
Seix Investment Advisors LLC
Show more

Virtus Investment Partners Revenue Breakdown

Embed Graph

Virtus Investment Partners revenue breakdown by business segment: 61.6% from Other Income and Fees, 30.4% from Investment Management Fees and 8.0% from Other

Virtus Investment Partners Online and Social Media Presence

Embed Graph

Virtus Investment Partners News and Updates

Virtus Investment Partners Announces Agreement to License Precidian's ActiveShares Exchange-Traded Fund Structure

HARTFORD, Conn., Dec. 24, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that its subsidiary Virtus ETF Advisers, LLC has entered into an agreement to license ActiveShares®, the proprietary...

Virtus Investment Partners Announces Financial Results for Third Quarter 2019

HARTFORD, Conn., Oct. 25, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported financial results for the three months ended September 30, 2019. Financial Highlights (Unaudited) (in millions, except per share data or as noted) Three Months Ended Three Months...

Virtus Investment Partners to Announce Third Quarter 2019 Results on Friday, October 25

HARTFORD, Conn., Oct. 14, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that it will release its financial results for the third quarter of 2019 before the market opens on Friday, October 25,...

Virtus Investment Partners to Announce First Quarter 2019 Results on Friday, April 26

HARTFORD, Conn., April 15, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that it will release its financial results for the first quarter of 2019 before the market opens on Friday, April 26,...

Virtus Investment Partners Reports Preliminary March 31, 2019 Assets Under Management

HARTFORD, Conn., April 10, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of March 31, 2019 of $99.9 billion and $101.7 billion (including $1.8 billion of liquidity assets), respectively. ...

Virtus Investment Partners Announces Financial Results for the Fourth Quarter 2018

HARTFORD, Conn., Feb. 1, 2019 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported financial results for the three months ended December 31, 2018. Financial Highlights (Unaudited) (in millions, except per share data or as noted) Three Months Ended Three Months...
Show more

Virtus Investment Partners Frequently Asked Questions

  • When was Virtus Investment Partners founded?

    Virtus Investment Partners was founded in 2008.

  • Who are Virtus Investment Partners key executives?

    Virtus Investment Partners's key executives are George R. Aylward, Michael A. Angerthal and Mardelle Peña.

  • How many employees does Virtus Investment Partners have?

    Virtus Investment Partners has 577 employees.

  • What is Virtus Investment Partners revenue?

    Latest Virtus Investment Partners annual revenue is $552.2 m.

  • What is Virtus Investment Partners revenue per employee?

    Latest Virtus Investment Partners revenue per employee is $957.1 k.

  • Who are Virtus Investment Partners competitors?

    Competitors of Virtus Investment Partners include Kayne Anderson Capital Advisors, MPC Capital and Fisher Investments.

  • Where is Virtus Investment Partners headquarters?

    Virtus Investment Partners headquarters is located at 1 Financial Plaza, Hartford.

  • Where are Virtus Investment Partners offices?

    Virtus Investment Partners has offices in Hartford, Westborough and Providence.

  • How many offices does Virtus Investment Partners have?

    Virtus Investment Partners has 3 offices.