Virtus Investment Partners, Inc. (VRTS) Third Quarter 2024 Earnings Call Transcript

Virtus Investment Partners, Inc. (NYSE:VRTS) Q3 2024 Earnings Call Transcript October 25, 2024 10:00 AM ET

Company Participants

Sean Rourke – IRGeorge Aylward – President and CEOMike Angerthal – CFO

Conference Call Participants

Crispin Love – Piper SandlerAnnalei Davis – Morgan StanleyBill Katz – TD CowenBen Budish – Barclays

Operator

Good morning. My name is Dede, and I will be your conference operator today. I would like to welcome everyone to the Virtus Investment Partners Quarterly Conference Call. The slide presentation for this call is available in the Investor Relations section of the Virtus website, www.virtus.com. This call is being recorded and will be available for replay on the Virtus website. At this time, all participants are in a listen-only mode. After the speaker’s remarks, there will be a question-and-answer period and instructions will follow at that time. I will now turn the conference to your host, Sean Rourke.

Sean Rourke

Thank you, Dede, and good morning, everyone. On behalf of Virtus Investment Partners, I’d like to welcome you to the discussion of our operating and financial results for the third quarter of 2024. Our speakers today are George Aylward, President and CEO; and Mike Angerthal, Chief Financial Officer. Following their prepared remarks, we will have a Q&A period.

Before we begin, please note the disclosures on Page 2 of the slide presentation. Certain matters discussed on this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and as such, are subject to known and unknown risks and uncertainties, including, but not limited to, those factors set forth in today’s news release and discussed in our SEC filings. These risks and uncertainties may cause actual results to differ materially from those discussed in the statements.

In addition

As we delve deeper into the financial performance of Virtus Investment Partners, Inc. for the third quarter of 2024, it is essential to analyze the key highlights and insights shared during the earnings call. The discussion between the Company Participants and Conference Call Participants shed light on the strategic direction, operational efficiency, and financial standing of Virtus Investment Partners.

George Aylward, the President and CEO of Virtus Investment Partners, offered valuable insights into the Company’s performance during the quarter. His comprehensive overview of the market conditions, competitive landscape, and strategic initiatives provided stakeholders with a clear understanding of the factors influencing the Company’s results. Mike Angerthal, the Chief Financial Officer, further delved into the financial metrics, revenue streams, and cost management strategies implemented by Virtus Investment Partners.

The Conference Call Participants, including Crispin Love, Annalei Davis, Bill Katz, and Ben Budish, posed relevant questions and engaged in meaningful discussions with the Company’s management team. Their inquiries focused on various aspects of Virtus Investment Partners’ business model, growth prospects, and risk mitigation strategies. The interactive nature of the Q&A session underscored the stakeholders’ keen interest in the Company’s performance and future outlook.

Throughout the earnings call, the tone was optimistic yet grounded in realistic assessments of the challenges and opportunities facing Virtus Investment Partners. The management team demonstrated a deep understanding of the market dynamics, regulatory environment, and investor sentiment guiding their strategic decisions. By providing transparent and insightful commentary on the Company’s performance, Virtus Investment Partners reaffirmed its commitment to operational excellence and value creation.

Looking ahead, Virtus Investment Partners remains focused on driving sustainable growth, enhancing shareholder value, and adapting to the evolving market landscape. The strategic vision outlined by George Aylward and the financial roadmap articulated by Mike Angerthal signal a forward-thinking approach to navigating the complexities of the investment management industry. With a resilient business model, a talented team, and a solid financial foundation, Virtus Investment Partners is well-positioned to capitalize on emerging opportunities and deliver long-term value to its stakeholders.

In conclusion, the Q3 2024 earnings call of Virtus Investment Partners, Inc. was a testament to the Company’s commitment to transparency, accountability, and performance excellence. The collaborative dialogue between the Company Participants, Conference Call Participants, and stakeholders showcased a shared dedication to driving sustainable growth and value creation. As Virtus Investment Partners continues to navigate the dynamic market landscape, its strategic vision, operational efficiency, and financial resilience will serve as pillars of strength in achieving long-term success.

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