Core Insights - Virtus Investment Partners reported preliminary assets under management (AUM) of $169.3 billion and total client assets of $171.1 billion as of September 30, 2025, reflecting a decrease from previous months due to net outflows in various accounts [1][2]. Summary by Category Assets Under Management - As of September 30, 2025, total AUM was $169.3 billion, down from $170.6 billion in August and $170.7 billion in June 2025 [1][2]. - The breakdown of AUM by product type includes: - Open-End Funds: $55.724 billion - Closed-End Funds: $10.867 billion - Retail Separate Accounts: $46.798 billion - Institutional Accounts: $55.936 billion [2]. - AUM by asset class shows: - Equity: $92.066 billion - Fixed Income: $39.750 billion - Multi-Asset: $22.078 billion - Alternatives: $15.431 billion [2]. Performance Factors - The decrease in AUM from June 30, 2025, was attributed to net outflows in U.S. retail funds, institutional accounts, and retail separate accounts, which were partially offset by market performance and positive net flows in exchange-traded funds [1][2]. Company Overview - Virtus Investment Partners is a partnership of boutique investment managers focused on the long-term success of individual and institutional investors, offering a range of investment products and services [3].

Core Insights - Virtus Investment Partners, Inc. (VRTS) reported preliminary assets under management (AUM) of $170.8 billion for July 2025, showing a slight increase from June 30, 2025, primarily driven by positive net flows in exchange-traded funds and institutional accounts, despite net outflows in U.S. retail funds, retail separate accounts, and global funds [1][7] Group 1: AUM Performance - The company’s AUM of $170.8 billion includes $1.8 billion of other fee-earning assets, which were excluded from the AUM balance [2] - The open-end fund balance decreased nearly 1% from the prior month to $55.3 billion, while the closed-end fund balance increased by 1% to $10.6 billion [3] - Institutional accounts balance fell slightly to $57 billion sequentially, and retail separate accounts balance rose by 1.2% to $47.4 billion [3] Group 2: Business Model and Financial Outlook - The integrated multi-boutique business model of the company is expected to support its performance in a rapidly growing industry [4] - A decline in operating expenses is anticipated to bolster Virtus Investment's bottom line in the near term [4] Group 3: Industry Comparison - Victory Capital Holdings, Inc. (VCTR) reported AUM of $299.8 billion for July 2025, reflecting a marginal increase from June 30, 2025 [5] - Invesco (IVZ) announced its AUM of $2,024.5 billion as of July 31, 2025, which increased by 1.2% from the previous month, influenced by favorable market returns and impacted by foreign exchange [6]