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Financial Data and Key Metrics Changes - Assets under management (AUM) decreased to $159 billion from $169 billion due to net outflows and market performance [6][14] - Total sales were $5.3 billion, down from $6.3 billion in the previous quarter [6][15] - Net outflows totaled $8.1 billion, significantly higher than $3.9 billion in the prior quarter [7][16] - Earnings per share, as adjusted, declined to $6.50 from $6.69 in the third quarter [9][21] - Operating margin decreased to 32.4% from 33% in the previous quarter [9][20] Business Line Data and Key Metrics Changes - Equity net outflows were primarily driven by quality-oriented strategies, with institutional net outflows of $3 billion [7][16] - Fixed income strategies experienced modestly negative net flows of $0.1 billion, while alternative strategies were essentially break-even [7][16] - ETFs generated $0.6 billion of positive net flows, sustaining strong organic growth [16] Market Data and Key Metrics Changes - The market environment favored momentum-driven stocks, leading to underperformance in quality-oriented equity strategies [3][10] - January sales showed improvement, reaching the highest level since June, indicating a potential shift in investor sentiment [8] Company Strategy and Development Direction - The company is focusing on broadening its product offerings, including the launch of new actively managed ETFs and expansion into private markets [4][5] - The acquisition of Keystone National Group aims to enhance private market offerings and provide differentiated strategies [12][13] - The company is also exploring opportunities for diversification, particularly in non-U.S. markets and growth equity strategies [30][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging environment for quality-oriented equity strategies but expressed confidence in their long-term performance [3][10] - There are encouraging signs of broadening investor sentiment, with hopes for improved flows in the upcoming quarters [8][42] - The company remains committed to balancing capital priorities, including investments in growth and returning capital to shareholders [54] Other Important Information - The company repurchased approximately 60,000 shares for $10 million during the quarter, with a total of $60 million used for share repurchases over the year [11][22] - The effective tax rate was 25.3%, with expectations to decrease to 23%-24% in the second quarter due to the addition of Keystone [21] Q&A Session Summary Question: Can you elaborate on the fee rate compression in the quarter? - The fee rate was impacted by discrete expenses, particularly on the ETF side, but remained relatively stable quarter-over-quarter [25][26] Question: What are the future transaction opportunities for diversification? - The company is considering both private markets and growth equity strategies for future transactions, focusing on broadening distribution channels [29][30] Question: What is the software exposure across AUM? - The company is generally underweight in technology, which has affected the performance of quality-oriented equities [39][40] Question: What drove the acceleration in negative flows in Q4? - The negative flows were primarily due to the underperformance of quality-oriented strategies and seasonal tax loss harvesting [41][42] Question: Can you discuss the growth opportunities from the Keystone transaction? - There is significant potential to leverage Keystone's existing capabilities in wealth management and institutional channels for growth [48][49]

Financial Data and Key Metrics Changes - Assets under management (AUM) decreased to $159 billion from $169 billion due to net outflows and market performance [6][14] - Total sales were $5.3 billion, down from $6.3 billion in the previous quarter [6][15] - Net outflows totaled $8.1 billion, significantly higher than $3.9 billion in the prior quarter [7][16] - Earnings per share (EPS) adjusted was $6.50, a decline from $6.69 in the previous quarter [9][21] - Operating margin decreased to 32.4% from 33% in the prior quarter [9][20] Business Line Data and Key Metrics Changes - Equity net outflows were primarily driven by quality-oriented strategies, with institutional net outflows of $3 billion [7][16] - Fixed income net flows were modestly negative at $0.1 billion, but certain strategies saw positive flows [7] - ETFs generated $0.6 billion of positive net flows, continuing strong momentum [16] Market Data and Key Metrics Changes - The market environment favored momentum-driven stocks, leading to underperformance in quality-oriented equity strategies [3] - January sales showed improvement, reaching the highest level since June, indicating a potential shift in investor sentiment [8] Company Strategy and Development Direction - The company is focusing on broadening product offerings, including the introduction of new actively managed ETFs and expansion into private markets [4][5] - The acquisition of Keystone National Group aims to enhance private market offerings and provide differentiated strategies [12][13] - The company is also exploring opportunities for growth in non-U.S. markets and other distribution channels [29][50] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging environment for quality-oriented equity strategies but expressed confidence in their long-term performance [3][10] - There are encouraging signs of broadening investor sentiment, with hopes for a recovery in quality strategies [8][41] - The company remains committed to balancing capital priorities, including investments in the business and returning capital to shareholders [11][54] Other Important Information - The company repurchased approximately 60,000 shares for $10 million in the quarter, totaling $60 million for the year [11][22] - The effective tax rate was 25.3%, expected to decrease to 23%-24% with the addition of Keystone [21] Q&A Session Summary Question: Can you elaborate on the fee rate compression in the quarter? - The fee rate was impacted by discrete expenses, particularly on the ETF side, but remained relatively stable [25][26] Question: What are the future transaction opportunities for diversification? - The company is considering both private markets and growth equity strategies for future transactions [28][29] Question: What is the software exposure across AUM? - The company is generally underweight in technology, which has affected the performance of quality-oriented equities [38][39] Question: What drove the acceleration in negative flows quarter to quarter? - The underperformance of quality-oriented strategies and seasonal tax loss harvesting contributed to increased outflows [40][41] Question: Can you discuss the growth opportunities with the Keystone transaction? - There is significant potential to leverage Keystone's capabilities in wealth management and institutional channels [48][50] Question: How will capital deployment priorities shift with recent transactions? - The company will maintain a balanced approach to capital allocation, emphasizing repurchases and dividends while considering new investments [52][54]

Financial Data and Key Metrics Changes - Assets under management (AUM) decreased to $159 billion from $169 billion due to net outflows and market performance [5][6] - Total sales were $5.3 billion, down from $6.3 billion in the previous quarter [5][15] - Net outflows totaled $8.1 billion, significantly higher than $3.9 billion in the prior quarter [6][16] - Earnings per share (EPS) declined to $6.50 from $6.69 in the previous quarter [9][20] - Operating margin decreased to 32.4% from 33% in the prior quarter [9][18] Business Line Data and Key Metrics Changes - Quality-oriented equity strategies, which represent half of AUM, faced increased net outflows due to market preference for momentum-driven stocks [3][6] - Fixed income strategies experienced modestly negative net flows of $0.1 billion, while certain fixed income strategies saw positive net flows [6][9] - ETFs generated $0.6 billion of positive net flows, continuing strong momentum with a 72% year-over-year increase in AUM [14][15] Market Data and Key Metrics Changes - The U.S. retail funds faced headwinds, but January sales were the highest since June, indicating a potential recovery in investor sentiment [8] - Institutional net outflows were primarily driven by redemptions in quality domestic and global large cap growth strategies [16] Company Strategy and Development Direction - The company is focusing on broadening its product offerings, including the introduction of new actively managed ETFs and expansion into private markets [4][5] - The acquisition of Keystone National Group aims to enhance private market offerings and provide differentiated strategies [12][13] - The company is also exploring opportunities for growth in non-U.S. markets and other distribution channels [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging environment for quality-oriented equity strategies but expressed confidence in their long-term performance [3][10] - There are encouraging signs of broadening investor sentiment, with hopes for a recovery in quality-oriented strategies [8][41] - The company remains committed to maintaining financial flexibility while balancing capital priorities [10][11] Other Important Information - The company repurchased approximately 60,000 shares for $10 million in the quarter, totaling $60 million for the year [11][22] - The effective tax rate was 25.3%, expected to decrease to 23%-24% with the addition of Keystone [20][21] Q&A Session Summary Question: What was the driver of the fee rate compression in the quarter? - The fee rate was impacted by discrete expenses, particularly on the ETF side, but remained relatively stable [25][26] Question: Do you see future transactions as an avenue for additional diversification? - The company is focused on diversifying offerings and distribution channels, including potential M&A opportunities [28][29] Question: What is the software exposure across AUM? - The company is generally underweight in technology, which has affected the performance of some quality-oriented equities [36][37] Question: What drove the acceleration in negative flows quarter to quarter? - The underperformance of quality-oriented strategies and seasonal tax loss harvesting contributed to increased outflows [40][41] Question: Can you discuss the go-to-market opportunity with Keystone? - There is significant potential to leverage Keystone's existing capabilities in the wealth management channel and expand into institutional markets [47][49] Question: How might capital deployment priorities shift with recent transactions? - The company will maintain a balanced approach to capital allocation, emphasizing repurchases and dividends while considering strategic M&A opportunities [52][53]

Virtus Investment Partners (VRTS) reported $188.9 million in revenue for the quarter ended December 2025, representing a year-over-year decline of 10.9%. EPS of $6.50 for the same period compares to $7.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $191.29 million, representing a surprise of -1.25%. The company delivered an EPS surprise of +1.35%, with the consensus EPS estimate being $6.41.While investors closely watch year-over-year changes in headline numbers -- revenue an ...

FOURTH QUARTER EARNINGS PRESENTATION February 6, 2026 George R. Aylward President and Chief Executive Officer Michael A. Angerthal Executive Vice President and Chief Financial Officer IMPORTANT DISCLOSURES This presentation contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act ...

Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.5 per share, beating the Zacks Consensus Estimate of $6.41 per share. This compares to earnings of $7.5 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.35%. A quarter ago, it was expected that this asset management company would post earnings of $6.71 per share when it actually produced earnings of $6.69, delivering a surprise of -0.3%.Over the last fo ...

Financial Performance - Revenues for Q4 2025 were $208.0 million, a decrease of 11% from $233.5 million in Q4 2024 and a 4% decline from $216.4 million in Q3 2025[2] - Operating income for the quarter was $39.8 million, down 21% year-over-year and 15% sequentially, with an operating margin of 19.1%[2] - Net income attributable to Virtus Investment Partners was $35.5 million, representing an 11% increase from $31.9 million in the prior quarter[2] - Total revenues decreased by 6% to $852,865,000 for the twelve months ended December 31, 2025, compared to $906,949,000 for the same period in 2024[22] - Net income for the twelve months ended December 31, 2025, was $135,988,000, an 11% decrease from $152,453,000 in 2024[22] - Earnings per share increased by 11% to $20.27 for the twelve months ended December 31, 2025, compared to $17.19 in 2024[22] - Operating income decreased by 8% to $168,680,000 for the twelve months ended December 31, 2025, from $182,490,000 in 2024[22] Assets Under Management (AUM) - Total assets under management decreased to $159.5 billion, down 9% from $175.0 billion year-over-year and 6% from $169.3 billion in the prior quarter[5] - Total Assets Under Management (AUM) decreased from $175,001 million on 12/31/2024 to $159,493 million on 12/31/2025, representing a decline of approximately 8.9%[23] - Open-End Funds AUM declined from $56,073 million to $52,759 million over the same period, a decrease of about 5.2%[23] - Institutional Accounts AUM fell from $59,167 million to $53,008 million, a reduction of approximately 10.4%[23] - Net outflows for Total AUM amounted to $10,433 million for the twelve months ended 12/31/2025[25] - Market performance negatively impacted AUM by $15,829 million over the twelve months, contributing to the overall decline[25] Revenue and Expense Trends - Total sales for the quarter were $5.3 billion, a decrease of 17% from $6.4 billion in Q4 2024 and 15% from $6.3 billion in Q3 2025[6] - Investment management fees fell by 6% to $725,039,000 for the twelve months ended December 31, 2025, down from $773,830,000 in 2024[22] - Operating expenses decreased by 6% to $684,185,000 for the twelve months ended December 31, 2025, compared to $724,459,000 in 2024[22] - Total operating expenses for the three months ended December 31, 2025, were $168,208,000, a decrease from $182,773,000 in 2024, reflecting a reduction of 8.0%[27] Shareholder Actions - The company repurchased 60,292 shares for $10.0 million during the quarter[17] Tax and Other Adjustments - The effective tax rate for the quarter was 28%, a slight decrease from 29% in the prior quarter[11] - The effective tax rate for the three months ended December 31, 2025, was 28.4%, down from 32.6% in 2024[28] - The company reported a restructuring expense of $693,000, a 100% decrease from $1,487,000 in 2024[22] - The change in fair value of contingent consideration improved by 61%, from $(5,608,000) in 2024 to $(2,214,000) in 2025[22] Forward-Looking Statements - Forward-looking statements indicate that actual results may differ materially due to various risks and uncertainties, including changes in assets under management and market conditions[43] - The company does not plan to update or revise any forward-looking statements after the date of the release, regardless of actual results[47] - Management believes that adjustments made to financial results aid in comparing the company's operating results with prior periods and other asset management firms[37]

Toronto, Ontario--(Newsfile Corp. - January 27, 2026) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or the "Company") Vertiqal today announces that Jon Dwyer has resigned from his role as Chairman, Chief Executive Officer and director of the Company to pursue other business opportunities. Mr. Dwyer has agreed to act as an advisor to the Board to support business continuity and transition-related assistance ongoing.The Company has appointed Max Desmarais, co-founder and current President of t ...

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-boutique asset management business, today announced that it will release its financial results for the fourth quarter of 2025 before the market opens on Friday, February 6, 2026. George R. Aylward, president and chief executive officer, and Michael A. Angerthal, executive vice president and chief financial officer, will host a conference call and webcast with the investment community at 10:00 a.m. Easter ...