Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash equivalents	$ 167,311	$ 307,277
Investment securities - fair value
Fair Value	88,421	80,335
Total assets measured at fair value	268,433	400,933
Liabilities
Total liabilities measured at fair value	70,080	88,400
Contingent Consideration Liability
Liabilities
Total liabilities measured at fair value	70,080	88,400
Sponsored funds
Investment securities - fair value
Fair Value	75,722	66,326
Equity securities
Investment securities - fair value
Fair Value	12,699	14,009
Nonqualified retirement plan assets
Investment securities - fair value
Nonqualified retirement plan assets	12,701	13,321
Level 1
Assets
Cash equivalents	167,311	307,277
Investment securities - fair value
Total assets measured at fair value	268,433	400,933
Liabilities
Total liabilities measured at fair value	0	0
Level 1 \| Contingent Consideration Liability
Liabilities
Total liabilities measured at fair value	0	0
Level 1 \| Sponsored funds
Investment securities - fair value
Fair Value	75,722	66,326
Level 1 \| Equity securities
Investment securities - fair value
Fair Value	12,699	14,009
Level 1 \| Nonqualified retirement plan assets
Investment securities - fair value
Nonqualified retirement plan assets	12,701	13,321
Level 2
Assets
Cash equivalents	0	0
Investment securities - fair value
Total assets measured at fair value	0	0
Liabilities
Total liabilities measured at fair value	0	0
Level 2 \| Contingent Consideration Liability
Liabilities
Total liabilities measured at fair value	0	0
Level 2 \| Sponsored funds
Investment securities - fair value
Fair Value	0	0
Level 2 \| Equity securities
Investment securities - fair value
Fair Value	0	0
Level 2 \| Nonqualified retirement plan assets
Investment securities - fair value
Nonqualified retirement plan assets	0	0
Level 3
Assets
Cash equivalents	0	0
Investment securities - fair value
Total assets measured at fair value	0	0
Liabilities
Total liabilities measured at fair value	70,080	88,400
Level 3 \| Contingent Consideration Liability
Liabilities
Total liabilities measured at fair value	70,080	88,400
Level 3 \| Sponsored funds
Investment securities - fair value
Fair Value	0	0
Level 3 \| Equity securities
Investment securities - fair value
Fair Value	0	0
Level 3 \| Nonqualified retirement plan assets
Investment securities - fair value
Nonqualified retirement plan assets	$ 0	$ 0

Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

Name:	us-gaap_AssetsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- References

No definition available.

+ Details

Name:	us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

+ References

No definition available.

+ Details

Name:	us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=123594786&loc=SL75136599-209740

+ Details

Name:	us-gaap_EquitySecuritiesFvNi
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Fair value of financial and nonfinancial obligations.

+ References

+ Details

Name:	us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- References

No definition available.

+ Details

Name:	us-gaap_LiabilitiesFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- References

No definition available.

+ Details

Name:	us-gaap_MarketableSecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Definition

Investments In Nonqualified Retirement Plan Assets

+ References

No definition available.

+ Details

Name:	vrts_InvestmentsInNonqualifiedRetirementPlanAssets
Namespace Prefix:	vrts_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Details

Name:	us-gaap_FairValueByLiabilityClassAxis=vrts_ContingentConsiderationLiabilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=vrts_SponsoredFundsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FinancialInstrumentAxis=vrts_NonqualifiedRetirementPlanAssetsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: