0000000000-19-011956.txt : 20200108
0000000000-19-011956.hdr.sgml : 20200108
20190802093008
ACCESSION NUMBER: 0000000000-19-011956
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20190802
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: VIRTUS INVESTMENT PARTNERS, INC.
CENTRAL INDEX KEY: 0000883237
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
IRS NUMBER: 263962811
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: ONE FINANCIAL PLAZA
STREET 2: 26TH FLOOR
CITY: HARTFORD
STATE: CT
ZIP: 06103
BUSINESS PHONE: 860-263-4707
MAIL ADDRESS:
STREET 1: ONE FINANCIAL PLAZA
STREET 2: 26TH FLOOR
CITY: HARTFORD
STATE: CT
ZIP: 06103
FORMER COMPANY:
FORMER CONFORMED NAME: PHOENIX INVESTMENT PARTNERS LTD/CT
DATE OF NAME CHANGE: 19990312
FORMER COMPANY:
FORMER CONFORMED NAME: PHOENIX DUFF & PHELPS CORP
DATE OF NAME CHANGE: 19951117
FORMER COMPANY:
FORMER CONFORMED NAME: DUFF & PHELPS CORP
DATE OF NAME CHANGE: 19930328
PUBLIC REFERENCE ACCESSION NUMBER: 0000883237-19-000075
LETTER
1
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2
filename2.txt
August 1, 2019
Michael Angerthal
Executive Vice President, Chief Financial Officer
Virtus Investment Partners, Inc.
One Financial Plaza
Hartford, CT 06103
Re: Virtus Investment Partners, Inc.
Form 8-K Filed July 26, 2019
File No. 001-10994
Dear Mr. Angerthal:
We have limited our review of your filing to the financial statements
and related
disclosures and have the following comment. In some of our comments, we may ask
you to
provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe our
comment applies to your facts and circumstances, please tell us why in your
response.
After reviewing your response to this comment, we may have additional
comments.
Form 8-K filed July 26, 2019
Exhibit 99.1
Non-GAAP Information and Reconciliations, page 11
1. We note that you deduct payments to distribution partners for providing
services to
investors in your sponsored funds and payments to third-party service
providers for
investment management-related services to arrive at total revenues, as
adjusted. Considering that you are required to present revenue and
related costs on a gross
basis in accordance with GAAP, presenting them otherwise may violate Rule
100(b) of
Regulation G by substituting individually tailored recognition and
measurement methods
for those of GAAP. Please explain to us how you considered whether your
current
presentation complies with Regulation G and Question 100.04 of the
Compliance and
Disclosure Interpretations on Non-GAAP Financial Measures, or revise your
future filings
to exclude this adjustment.
Michael Angerthal
FirstName LastNameMichael Angerthal
Virtus Investment Partners, Inc.
Comapany2019
August 1, NameVirtus Investment Partners, Inc.
Page 2
August 1, 2019 Page 2
FirstName LastName
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
You may contact Lory Empie at 202-551-3714 or Michael Henderson at
202-551-
3364 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Financial
Services