Virtus Family Office
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Overview
Virtus Family Office operates as an advisory firm that has its headquarters in El Paso, Texas. The firm administers $344.7 million in assets under management across 181 accounts, making it a mid-tier firm in the country by assets under management (AUM). It has a small team, including 1 financial advisor. Virtus Family Office does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as stocks, bonds and options.
Virtus Family Office manages all of the company's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction choices for the client's account without needing the customer's authorization. Virtus Family Office manages an average of $1.9 million for each customer account. An average advisor at Virtus Family Office administers around 181 client accounts.
Virtus Family Office's headquarters is located at 500 West Overland, El Paso, Texas 79901. The company is permitted to provide services to clients in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Virtus Family Office by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$344.7 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
4
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
181
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$1.9 million
Products and Services
Virtus Family Office provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. In the past fiscal year, the company provided 1-10 of its accounts with financial planning services. The firm does not sell products or offer services apart from investment advice to its investment advisory customers.
Core Advisor Services
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Offered by 31% of firms
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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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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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.
Fee Structure
Fees for financial advisory services usually depend on which services are provided. However, fees billed by the firm most likely consist of the following fee types: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Virtus Family Office.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The firm caters to retail investors, high net worth investors, pooled investment vehicles and corporations. Out of its 181 clients, Virtus Family Office's biggest client type is high net worth investors, but it also manages money for 80 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). About 95% of the company's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 60.15%
- Other Individuals - 33.08%
- Corporations - 6.77%
- 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 Family Office does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Virtus Family Office
El Paso, TX
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