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Concentration of Credit Risk
 12 Months Ended
Dec. 31, 2020
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk Concentration of Credit Risk
The concentration of credit risk with respect to advisory fees receivable is generally limited due to the short payment terms extended to clients by the Company. The following client including the Company's sponsored funds provided 10 percent or more of the Company's investment management, administration and shareholder service fee revenues: 
202020192018
Virtus KAR Small Cap Growth Fund10%**
Virtus Newfleet Multi-Sector Short Term Bond Fund**10%
Virtus Vontobel Emerging Markets Opportunities Fund**10%
* Less than 10 percent of total revenues of the Company