Virtus Fixed Income Advisers: AUM & Ownership

Clients

Virtus Fixed Income Advisers serves 220 clients, 88 of them investment companies. The average client has about $159 million with the firm, and high-net-worth clients hold 1% of its $34.9 billion in assets.

Regulatory assets by client type

Investment companies88 clients38%
Pooled investment vehicles20 clients10%
Pension and profit-sharing plans46 clients22%
State or municipal government entities11 clients12%
Other investment advisers23 clients5%
OtherInsurance companies, Sovereign wealth funds and foreign official institutions, High-net-worth individuals, Charitable organizations, Corporations and other businesses, Other13%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
High-net-worth individuals	13	$521,233,556	1.5%	$40.1M
Investment companies	88	$13,205,872,999	37.8%	$150.1M
Pooled investment vehicles	20	$3,337,420,794	9.6%	$166.9M
Pension and profit-sharing plans	46	$7,656,468,111	21.9%	$166.4M
Charitable organizations	7	$373,654,593	1.1%	$53.4M
State or municipal government entities	11	$4,176,026,562	12.0%	$379.6M
Other investment advisers	23	$1,865,846,921	5.3%	$81.1M
Insurance companies	5	$893,631,836	2.6%	$178.7M
Sovereign wealth funds and foreign official institutions	Not reported	$1,996,747,548	5.7%	—
Corporations and other businesses	7	$240,063,927	0.7%	$34.3M
Other	Not reported	$646,788,936	1.9%	—
Total	220	$34,913,755,783	100%	$158.7M

High-net-worth individuals

Clients: 13
Regulatory AUM: $521,233,556
Share: 1.5%
Avg. per client: $40.1M

Investment companies

Clients: 88
Regulatory AUM: $13,205,872,999
Share: 37.8%
Avg. per client: $150.1M

Pooled investment vehicles

Clients: 20
Regulatory AUM: $3,337,420,794
Share: 9.6%
Avg. per client: $166.9M

Pension and profit-sharing plans

Clients: 46
Regulatory AUM: $7,656,468,111
Share: 21.9%
Avg. per client: $166.4M

Charitable organizations

Clients: 7
Regulatory AUM: $373,654,593
Share: 1.1%
Avg. per client: $53.4M

State or municipal government entities

Clients: 11
Regulatory AUM: $4,176,026,562
Share: 12.0%
Avg. per client: $379.6M

Other investment advisers

Clients: 23
Regulatory AUM: $1,865,846,921
Share: 5.3%
Avg. per client: $81.1M

Insurance companies

Clients: 5
Regulatory AUM: $893,631,836
Share: 2.6%
Avg. per client: $178.7M

Sovereign wealth funds and foreign official institutions

Clients: Not reported
Regulatory AUM: $1,996,747,548
Share: 5.7%
Avg. per client: —

Corporations and other businesses

Clients: 7
Regulatory AUM: $240,063,927
Share: 0.7%
Avg. per client: $34.3M

Other

Clients: Not reported
Regulatory AUM: $646,788,936
Share: 1.9%
Avg. per client: —

Total

Clients: 220
Regulatory AUM: $34,913,755,783
Share: 100%
Avg. per client: $158.7M

What it does

Virtus Fixed Income Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Virtus Fixed Income Advisers provided financial planning to 0 clients last fiscal year and advises 15 private funds.

100.0% of assets ($34.91B across 226 accounts) are managed with discretion. $1.49B sits in a wrap fee program the firm both sponsors and manages. 20% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

The filed percentages total 101%. The values below are shown as filed.

U.S. government/agency bonds: 14%
U.S. state and local bonds: 3%
Sovereign bonds: 1%
Investment grade corporate bonds: 27%
Non-investment grade corporate bonds: 28%
Securities issued by registered investment companies or business development companies: 8%
Securities issued by pooled investment vehicles (other than registered investment companies): 1%
Cash and cash equivalents: 3%
Other (Abs, Non-Agency Abs,leveraged Loans): 16%

Custodians

Virtus Fixed Income Advisers’ client accounts are held mainly at Citigroup, NA, with 6% of managed assets. Virtus Fixed Income Advisers has custody of $36.4M for 1 clients.

Managed account assets by custodian

Citigroup, NACitigroup, NA · London · $2.22B6%
All other custodians$32.69B94%

Ownership and leadership

Virtus Partners, Inc. owns 75% or more of Virtus Fixed Income Advisers.

Who owns the firm

Virtus Fixed Income Advisers, LLC· the adviser

Virtus Partners, Inc.
Control person · since June 2017
Owns 75% or more of Virtus Fixed Income Advisers, LLC
- Virtus Investment Partners, Inc.
  Control person · since November 2008
  Owns 75% or more of Virtus Partners, Inc.

Leadership

Michael Angerthal
Executive Vice President, Chief Financial Officer
Andra Purkalitis
Executive Vice President and Chief Legal Officer
Richard Smirl
Executive Vice President
Deirdre Dillon
Chief Compliance Officer

Staff

95 employees
74 in advisory functions
24 broker-dealer reps
13 soliciting firms

Reported holdings

Virtus Fixed Income Advisers’ reported 13F holdings total $158.4M across 85 positions, and the ten largest make up 90.0% of it.

$158.4M
Reported 13F value: 85
Positions: 90.0%
In the 10 largest: +29.3%
Value vs. prior quarter

Ten largest positions, share of reported value

Virtus ETF TR II · Newfleet Abs Mbs61.2%
Virtus ETF TR II · Virtus Newfleet15.6%
Virtus ETF TR II · Seix SR LN ETF5.6%
SPDR Series Trust · ST Bloo High ETF2.7%
Cable One Inc. · Note 1.125% 3/11.2%
iShares TR · Iboxx HI YD ETF1.0%
Western Digital Corp. · Note 3.000%11/10.8%
Virtus ETF TR II · Seix Aaa Privaat0.8%
Invesco Exch Traded FD TR II · SR LN ETF0.7%
Mks Inc.. · Note 1.250% 6/00.5%

Together, the ten largest are 90.0% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $158.4M is not its $34.91B in regulatory assets and does not represent any individual client's portfolio.

Fees

Virtus Fixed Income Advisers is paid through a percentage of assets under management and performance-based fees.

Virtus Fixed Income Advisers’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Virtus Fixed Income Advisers has 6 offices, with 5 listed addresses across 5 states.

Listed office addresses by state

Connecticut · 1 listed address

One Financial Plaza, HartfordHQ

Other business names

Virtus Fixed Income Advisers has reported 3 other business names to the SEC.

Newfleet Asset Management
Seix Investment Advisors
Stone Harbor Investment Partners

Registration details

Legal name: Virtus Fixed Income Advisers, LLC
Headquarters: One Financial Plaza, Hartford, CT 06103
Phone: 877-332-8172
Website: www.virtus.com
SEC file: 801-68743
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Virtus Fixed Income Advisers have?

Virtus Fixed Income Advisers has 220 clients and manages $34.9 billion for them, as of March 2026. They include 88 investment companies, 46 pension and profit-sharing plans and 23 other investment advisers.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Virtus Fixed Income Advisers offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Virtus Fixed Income Advisers use?

Virtus Fixed Income Advisers’ separately managed account assets are held at Citigroup, NA (London), with $2,222,650,000. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026

How many financial advisors does Virtus Fixed Income Advisers have?

Virtus Fixed Income Advisers has 0 investment adviser representatives registered with state securities authorities, out of 95 employees, and 74 perform investment advisory functions. 24 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Virtus Fixed Income Advisers invest in?

At the end of its last fiscal year, Virtus Fixed Income Advisers’ separately managed accounts held 28% high-yield corporate bonds, 27% investment grade corporate bonds, 16% abs, non-agency abs,leveraged loans, 14% U.S. government and agency bonds, 8% registered funds (mutual funds, ETFs, BDCs), 3% state and local bonds, 3% cash and equivalents, 1% sovereign bonds and 1% pooled vehicles (private funds and similar). It advises 15 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Virtus Fixed Income Advisers?

Virtus Fixed Income Advisers is owned through a holding company by Virtus Investment Partners, Inc. Its direct owner is Virtus Partners, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Virtus Fixed Income Advisers get paid?

Virtus Fixed Income Advisers is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file