Virtus Investment Advisers, Inc

CRD#106982
Investment Advisor Firm

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Learn more about Virtus Investment Advisers, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Virtus Investment Advisers, Inc is a financial advisor firm headquartered in Hartford, Connecticut. The company manages $46.2 billion in assets under management over 82 client accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). It has a small team, including 7 financial advisors. Virtus Investment Advisers, Inc is not a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like bonds, options and equities.

    Virtus Investment Advisers, Inc manages all of the firm's accounts in a discretionary manner. Discretionary management means that transaction judgments are made by an investment advisor without requiring the customer's permission. The company's typical account size is $564.0 million. The average advisor at Virtus Investment Advisers, Inc administers around 12 client accounts, making it one of the more personalized financial advisor firms in the country.

    The firm's headquarters is at One Financial Plaza, Hartford, Connecticut 6103. The company is legally registered to provide services to clients across 2 states, including Connecticut and Massachusetts.

    Assets Under Management

    $46.2 billion

    Number of Advisors

    7

    Disclosures

    No

    Office Location

    One Financial Plaza
    Hartford, CT 06103

    Virtus Investment Advisers, Inc by the Numbers

    Total Assets Under Management

    $46.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    7

    National Average: 64
    Total Number of Accounts

    82

    National Average: 375,227
    Average Account Size

    $564.0 million

    National Average: $23.0 thousand
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    Products and Services

    Virtus Investment Advisers, Inc offers multiple services, including portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers and other services. It does not sell products or offer services other than investment advice to its investment advisory clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management largely depend on the type of financial services provided. Fees billed by the firm typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Virtus Investment Advisers, Inc.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Virtus Investment Advisers, Inc provides services to investment companies and pooled investment vehicles. Out of its 82 customers, Virtus Investment Advisers, Inc's largest client group by number of accounts is investment companies. Just 7% of the firm's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Virtus Investment Advisers, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Virtus Investment Advisers, Inc

    Mallory Carr
    Colleyville, TX
    Aaron Platteis
    Hartford, CT
    Daniel Cline
    Hartford, CT
    Peter Sullivan
    Hartford, CT
    Michael Feldman
    Hartford, CT
    Vincent Taylor
    Hartford, CT
    John Cook
    Atlanta, GA
    Kyle Wells
    Hartford, CT
    Jacob Hill
    Atlanta, GA

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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