Virtus Fixed Income Advisers, Llc
- Regulatory AUM
- $34.9B
- Discretionary
- $34.9B
- Clients
- 220
- Avg AUM / client
- $159M
- Accounts
- 226
- Employees
- 95
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Asset allocation (SMA assets by investment type)
as of Mar 30, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 13 | $521M | 1.49% |
| Investment companies | 88 | $13.2B | 37.8% |
| Pooled investment vehicles (non-investment companies) | 20 | $3.3B | 9.56% |
| Pension and profit sharing plans | 46 | $7.7B | 21.9% |
| Charitable organizations | 7 | $374M | 1.07% |
| State or municipal government entities | 11 | $4.2B | 12.0% |
| Other investment advisers | 23 | $1.9B | 5.34% |
| Insurance companies | 5 | $894M | 2.56% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $2.0B | 5.72% |
| Corporations and other businesses | 7 | $240M | 0.69% |
| Other | Fewer than 5 clients | $647M | 1.85% |
Private funds (17)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $3.1B combined gross assets
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Dillon, Deirdre, Ann | Chief Compliance Officer | Mar 2008 (18y) | Less than 5% | |
| Angerthal, Michael, Aaron | Executive Vice President, Chief Financial Officer | Jun 2017 (9y) | Less than 5% | |
| Recupero, Darren, Philip | Chief Operating Officer | Jan 2022 (5y) | Less than 5% | |
| Smirl, Richard, William | Executive Vice President | Jul 2022 (4y) | Less than 5% | |
| Purkalitis, Andra, Cynthia | Executive Vice President And Chief Legal Officer | Nov 2023 (3y) | Less than 5% | |
| Michelle Gallo | Registered representative | Jun 2013 (13y) | ||
| Michael Gerard Sebesta | Registered representative | CFA | Aug 2013 (13y) | |
| Kimberly Cantrell Maichle | Registered representative | CFA | Jun 2015 (11y) | |
| Robert A Spada | Registered representative | Jul 2022 (4y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Virtus Partners, Inc. | Shareholder | Jun 2017 | A | 75% or more |
| Virtus Investment Partners, Inc. | Sole Shareholder | Nov 2008 | B | ≈ 56.25% – 100% via Virtus Partners, Inc. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Virtus Investment Partners, Inc.: 75% – 100% of Virtus Partners, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (17, $3.1B gross assets)
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 5.07 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Citigroup, Inc. $2.2B (6% of AUM) Mar 2026
- Suntrust Bank $1.1B (7% of AUM) Jun 2020
- BNY Mellon $1.1B (5% of AUM) Mar 2018
- State Street $1.0B (6% of AUM) Mar 2022
- Northern Trust $885M (5% of AUM) Mar 2022
- Truist Bank $881M (5% of AUM) Mar 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗