Virtus Fund Advisers, LLC (Hartford)

Virtus Fund Advisers, LLC is a large advisory firm based in Hartford. It manages $13.98 billion of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Virtus Fund Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Virtus Fund Advisers: assets under management

The assets under management (AUM) of Virtus Fund Advisers, LLC is $13.98 billion. The firm's AUM has gone down by -23% since the beginning of its operation, and $122.55 million of the total AUM is attributable to clients outside of the United States.

The firm manages $13.91 billion in discretionary accounts and $67.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $356.72 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $33.91 million.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is government bonds, which make up 40% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Virtus Fund Advisers, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Virtus Fund Advisers serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Virtus Fund Advisers is investment companies with 1 clients and $13.1 billion of assets under management. Among the 7 most similar advisory firms, Virtus Fund Advisers has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $13.29 billion for 3 clients. 9% of the firm’s clients are foreign persons or businesses.

Virtus Fund Advisers doesn't advise any private funds.

Careers at Virtus Fund Advisers, LLC

Inc. Virtus Partners joined the executive team most recently as the Sole Member.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Hartford

The principal office where Virtus Fund Advisers, LLC performs its advisory services is located at One Financial Plaza, Hartford, CT 06103, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-248-7971 or by fax 860-241-1024. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at virtus.com.

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