first quarter 2018 earnings presentation april 27,...
TRANSCRIPT
First Quarter 2018 Earnings Presentation
April 27 2018 George R Aylward
President and Chief Executive Officer Michael A Angerthal
Executive Vice President and Chief Financial Officer
2
IMPORTANT DISCLOSURES
This presentation contains statements that are or may be considered to be forward-looking statements All statements that are not historical facts including statements about our beliefs or expectations are ldquoforward-looking statementsrdquo within the meaning of The Private Securities Litigation Reform Act of 1995 as amended These statements may be identified by such forward-looking terminology as ldquoexpectrdquo ldquoestimaterdquo intent plan ldquointendrdquo ldquobelieverdquo ldquoanticipaterdquo ldquomayrdquo ldquowillrdquo ldquoshouldrdquo ldquocouldrdquo ldquocontinuerdquo ldquoprojectrdquo ldquoopportunityrdquo ldquopredictrdquo ldquowouldrdquo ldquopotentialrdquo ldquofuturerdquo ldquoforecastrdquo ldquoguaranteerdquo ldquoassumerdquo ldquolikelyrdquo ldquotargetrdquo or similar statements or variations of such terms
Our forward-looking statements are based on a series of expectations assumptions and projections about our company and the markets in which we operate are not guarantees of future results or performance and involve substantial risks and uncertainty including assumptions and projections concerning our assets under management net asset inflows and outflows operating cash flows business plans and ability to borrow for all future periods All of our forward-looking statements are as of the date of this release only The company can give no assurance that such expectations or forward-looking statements will prove to be correct Actual results may differ materially
Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties including those discussed under ldquoRisk Factorsrdquo and ldquoManagementrsquos Discussion and Analysis of Financial Condition and Results of Operationsrdquo in our 2017 Annual Report on Form 10-K as well as the following risks and uncertainties (a) any reduction in our assets under management (b) withdrawal renegotiation or termination of investment advisory agreements (c) damage to our reputation (d) failure to comply with investment guidelines or other contractual requirements (e) inability to satisfy financial covenants and payments related to our indebtedness (f) inability to attract and retain key personnel (g) challenges from the competition we face in our business (h) adverse regulatory and legal developments (i) unfavorable changes in tax laws or limitations (j) adverse developments related to unaffiliated subadvisers (k) negative implications of changes in key distribution relationships (l) interruptions in or failure to provide critical technological service by us or third parties (m) volatility associated with our common and preferred stock (n) adverse civil litigation and government investigations or proceedings (o) risk of loss on our investments (p) inability to make quarterly common and preferred stock distributions (q) lack of sufficient capital on satisfactory terms (r) losses or costs not covered by insurance (u) impairment of goodwill or intangible assets (v) inability to achieve expected acquisition-related financial benefits and other risks and uncertainties described in our 2017 Annual Report on Form 10-K or in any of our filings with the Securities and Exchange Commission (ldquoSECrdquo)
Certain other factors which may impact our continuing operations prospects financial results and liquidity or which may cause actual results to differ from such forward-looking statements are discussed or included in the companyrsquos periodic reports filed with the SEC and are available on our website at wwwvirtuscom under ldquoInvestor Relationsrdquo You are urged to carefully consider all such factors
The company does not undertake or plan to update or revise any such forward-looking statements to reflect actual results changes in plans assumptions estimates or projections or other circumstances occurring after the date of this presentation even if such results changes or circumstances make it clear that any forward-looking information will not be realized If there are any future public statements or disclosures by us which modify or impact any of the forward-looking statements contained in or accompanying this presentation such statements or disclosures will be deemed to modify or supersede such statements in this presentation
3
AGENDA
Overview of First Quarter
First Quarter Results
Q amp A Session
OVERVIEW OF FIRST QUARTER
5
OVERVIEW OF FIRST QUARTER
See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Assets and Flows
Long-term assets under management decreased $14 billion or 16 sequentially to $874 billion primarily reflecting net outflows and market depreciation
Total sales of $54 billion which included $04 billion of inflows from a new CLO increased $13 billion or 32 sequentially mutual fund sales increased $11 billion or 43
Net outflows of $07 billion reflect positive flows in open-end mutual funds structured products and ETFs more than offset by net outflows in institutional accounts
Non-GAAP Financial Results
Operating income as adjusted of $328 million included $68 million of seasonally higher employment expenses
Operating margin as adjusted of 30 excluding the $68 million adjusted operating margin was 37
Earnings per diluted share as adjusted of $259 reflect seasonally higher employment expenses primarily offset by lower tax expense and an increase in other income as adjusted
Capital Activities Term loan refinancing reduced the interest rate by 125 basis points and increased financial flexibility through
removal of financial maintenance covenant
Added $1050 million of additional term loan capacity to be drawn at closing of SGA transaction
Net debt to Bank EBITDA of 10x increased from 07x sequentially primarily due to lower cash and equivalents resulting from the timing of annual incentive payments
FIRST QUARTER RESULTS
7
$480
$850 $871 $888 $874
$886 $906 $910 $891
33117 63017 93017 123117 33118
ASSETS UNDER MANAGEMENT
Quarterly Trends Commentary
$ in billions 1 Consists of real estate securities master limited partnerships options strategies and other
Sequential decrease in long-term assets of $14 billion or 16 primarily due to net outflows and market depreciation
Change in long-term assets from prior year primarily reflects assets from acquisition and $62 billion of market appreciation
Assets in structured products increased 12 sequentially to $37 billion
Assets diversified by investment style strategy and asset class
Long-Term Liquidity
Equity 583 490 495 515 525
Fixed Income 331 460 456 436 435
Alternatives1 86 50 49 49 40
Long-Term Assets by Asset Class
8
($28)
($61)
$05 ($02) $02 ($08) ($07) $05 ($07)
46 (17) 10 (35) (33) 46 (33)
Sales Metrics
Net Flows1
Net Flow Rate2
YTD 17 YTD 18
$33
$54
($28) ($37) ($44) ($49)($61)
$33 $35 $46 $41
$54
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
ASSET FLOWS
Inflows (Outflows) Year to Date Commentary
$ in billions 1 Net flows exclude flows from liquidity products 2 Annualized net flows divided by beginning of period long-term AUM
Sales increased $13 billion or 32 sequentially
Open-ended fund sales increased $11 billion or 43 reflecting higher sales in domestic equity international equity and fixed income strategies
Structured product sales include $04 billion CLO issuance
Net flows of ($07) billion included
minus Structured products $04 billion
minus Open-end mutual funds $01 billion
minus ETFs $01 billion
minus Retail separate accounts ($01) billion
minus Institutional accounts($12) billion
Net flows
1
9
YTD 17 YTD 18
$595 $743
$984 $1021 $1020
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
513 483 448 454 460 513 460
$464 $607 $860 $878 $889 $464 $889
Metrics
Long-Term Net Fee Rate1 ndash BPS
Long-Term Average AUM - ($Bn)
INVESTMENT MANAGEMENT FEES AS ADJUSTED
Quarterly Results Year to Date Commentary
$ in millions except AUM figures which are in billions 1 Represents net investment management fees divided by average assets Net investment management fees are net investment management fees as adjusted less fees paid to third party service providers for investment management related services See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Investment management fees were unchanged sequentially as higher fee rate and average AUM was offset by two fewer days
Average long-term fee rate increased sequentially due to relative levels of assets in equity products $595
$1020
10
YTD 17 YTD 18
612 521 498 481 543 612 543
of Revenues as adjusted
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Employment expenses as adjusted increased sequentially due to seasonally higher employment expenses of
minus $39 million of payroll taxes due to timing of annual incentive payments
minus $23 million of benefit payments primarily the timing of 401K match
minus $06 million of retirement-eligible employeesrsquo stock-based compensation
Excluding $68 million of seasonally higher expenses employment expense ratio was 48
EMPLOYMENT EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$588
$396 $396 $409
$519 $526 $588
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
11
169 181 155 153 145 169 145
of Revenues as adjusted
YTD 17 YTD 18
$109
$142 $161
$158 $157
$167
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Decrease of $10 million or 6 from prior quarter which included $09 million of transaction costs attributable to the SGA agreement
Other operating expenses as adjusted as a percentage of revenues as adjusted declined 80 bps sequentially
OTHER OPERATING EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$157
$109
SGA Transaction Costs
12
YTD 17 YTD 18
$135
$328
$116 $259
$86 $134 $195 $219 $218 $86 $218
209 288 338 357 303 209 303
Metrics
Net Income As Adjusted
Operating Margin As Adjusted
$135
$227
$352 $391
$328
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$116 $161 $230 $260 $259
$ in millions except per share data See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
NON-GAAP RESULTS
Quarterly Results Year to Date Commentary
Operating Income As Adjusted Diluted EPS as adjusted of $259 was relatively unchanged sequentially as seasonally higher employment expenses offset tax savings and increased other income
minus Excludes dividends and interest earned on seed and CLO investments of $34 million
Operating margin as adjusted of 30 increased 940 bps from prior year
Excluding seasonally higher employment expenses operating margin as adjusted was 37
Diluted earnings per share as adjusted
13
CAPITAL POSITION Select Non-GAAP Balance Sheet Items Commentary
Refinanced term loan to reduce interest rate and increase financial flexibility
Secured additional $1050 million of term loan capacity to be drawn at closing of SGA transaction
Invested $202 million in recently issued CLO
Preferred shares outstanding as adjusted reflect per share conversion price of $128 compared with $117 sequentially
33117 63017 93017 123117 033118
Cash and cash equivalents $236 $128 $165 $132 $81Seed capital investments1 $175 $104 $109 $118 $116Investments - other2 $31 $92 $93 $112 $137Goodwill and intangible assets net $45 $483 $477 $472 $467Deferred taxes net $46 $55 $49 $32 $32Debt3 $0 $248 $249 $248 $245Contingent consideration $0 $52 $52 $0 $0Total equity attributable to stockholders $552 $574 $584 $589 $609
Working capital (WC) 4 $225 $49 $68 $76 $83
Common shares outstanding 6989 7218 7158 7160 7217Hypothetical conversion of preferred shares 5 1045 1045 1035 0980 0900Common shares outstanding as adjusted 5 8035 8263 8193 8140 8117
Metrics Net Debt6 NA $184 $147 $127 $178Gross Debt7 to Bank EBITDA8 NA 15x 15x 15x 15x Net Debt to Bank EBITDA NA 11x 09x 07x 10x
In millions except per share data 1 Represents the companyrsquos investments in sponsored investment products including open-end funds and separate accounts 2 Represents investments not related to seed capital investments primarily company-managed CLOs 3 Defined gross debt less deferred financing costs
4 Defined as cash and equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities contingent consideration and dividends payable
5 Assumes conversion of preferred shares to common shares at the 20 day volume-weighted average common stock price at period end subject to a conversion price range of $110 to $132 per share resulting in a conversion ratio range of 09091 to 07576
6 Defined as gross debt less cash and cash equivalents 7 Defined as total debt outstanding on seven-year term loan 8 Calculated in accordance with the companyrsquos credit agreement See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Financial Supplement
15
NON-GAAP INFORMATION
Income Statement1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues As Adjusted
Investment management fees as adjusted $59513 $74272 $98402 $102114 $102047 $59513 $102047
Distribution and service fees as adjusted 10793 10446 11486 11623 12611 10793 12611
Administration and shareholder service fees as adjusted 9015 9495 14709 15849 15739 9015 15739
Other income and fees as adjusted 741 155 199 119 207 741 207
Distribution and other asset-based expenses as adjusted (15323) (15764) (20552) (20348) (22291) (15323) (22291)
Total revenues as adjusted $64739 $78604 $104244 $109357 $108313 $64739 $108313
Operating Expenses As Adjusted
Employment expenses as adjusted $39641 $40933 $51884 $52593 $58793 $39641 $58793
Other operating expenses as adjusted 10928 14233 16131 16690 15693 10928 15693
Depreciation and other amortization as adjusted 664 776 1038 1019 1015 664 1015
Total operating expenses as adjusted $51233 $55942 $69053 $70302 $75501 $51233 $75501
Operating Income (Loss) As Adjusted $13506 $22662 $35191 $39055 $32812 $13506 $32812
16
NON-GAAP INFORMATION
Income Statement1 (continued) (Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense) As Adjusted
Realized and unrealized gain (loss) on investments net as adjusted
$ - $ - $ - $ - ($198) $ - ($198)
Other income net as adjusted 646 46 436 506 1319 646 1319
Total other income (expense) as adjusted $646 $46 $436 $506 $1121 $646 $1121
Interest Income (Expense) As Adjusted
Interest expense as adjusted ($243) ($1453) ($4116) ($3909) ($3818) ($243) ($3818)
Interest and dividend income as adjusted 115 279 198 258 268 115 268
Total interest income (expense) net as adjusted ($128) ($1174) ($3918) ($3651) ($3550) ($128) ($3550)
Pre-Tax Income (Loss) As Adjusted $14024 $21534 $31709 $35910 $30383 $14024 $30383
Income tax expense (benefit) as adjusted 5407 8181 12173 14035 8557 5407 8557
Net Income (Loss) As Adjusted $8617 $13353 $19536 $21875 $21826 $8617 $21826
17
NON-GAAP INFORMATION
Balance Sheet1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of presenting
balance sheet accounts before the consolidation of investment products
033117 063017 093017 123117 033118
Assets
Cash and cash equivalents $235930 $127571 $164867 $132150 $80765
Investments ndash seed capital 174810 104076 108511 118443 115848
Investments ndash other 30714 91739 92676 112105 136821
Investments ndash long term 15472 18325 18309 18729 20014
Accounts receivable net 38169 60557 62668 66982 64267
Furniture equipment and leasehold improvements net 7263 12295 11557 10833 11396
Intangible assets net 38194 312081 307017 301954 296918
Goodwill 6788 171170 170153 170153 170153
Deferred taxes net 45716 54655 49002 32428 31875
Other assets 25909 26532 25863 35772 36777
Total assets $618965 $979001 $1010623 $999549 $964834
18
NON-GAAP INFORMATION
$ in thousands (1) The non-GAAP financial information included in this presentation differs from US GAAP as a result of presenting balance sheet accounts before the consolidation of
investment products (2) Defined as cash and cash equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities dividends payable and
contingent consideration
Balance Sheet1 (continued) (Unaudited)
033117 063017 093017 123117 033118
Liabilities and Equity
Liabilities
Accrued compensation and benefits $16519 $51978 $69833 $86658 $27471
Accounts payable and accrued liabilities 30365 29167 31677 29607 28214
Dividends payable 5991 6173 6318 6528 6479
Other liabilities 13702 18280 18356 39895 48476
Contingent consideration - 51690 51690 - -
Debt - 248111 248540 248320 245402
Total liabilities $66577 $405399 $426414 $411008 $356042
Equity
Equity attributable to stockholders $552388 $573602 $584209 $588541 $608792
Total liabilities and equity $618965 $979001 $1010623 $999549 $964834
Working capital2 $224848 $49119 $68017 $76339 $82868
19
US GAAP INFORMATION
Income Statement (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues
Investment management fees $59271 $74062 $97295 $100447 $100476 $59271 $100476
Distribution and service fees 10783 10439 11482 11618 12607 10783 12607
Administration and shareholder service fees 8981 9476 14699 15840 15738 8981 15738
Other income and fees 741 155 199 119 207 741 207
Total revenues $79776 $94132 $123675 $128024 $129028 $79776 $129028
Operating Expenses
Employment expenses $39641 $42992 $54159 $54602 $60696 $39641 $60696
Distribution and other asset-based expenses 15323 15764 20552 20348 22291 15323 22291
Other operating expenses 13226 20236 17733 18215 16862 13226 16862
Other operating expenses of consolidated investment products 642 473 6757 659 511 642 511
Restructuring and severance - 8894 1584 102 - - -
Depreciation expense 664 776 1038 1019 1015 664 1015
Amortization expense 233 1813 5063 5064 5036 233 5036
Total operating expenses $69729 $90948 $106886 $100009 $106411 $69729 $106411
Operating Income (Loss) $10047 $3184 $16789 $28015 $22617 $10047 $22617
20
US GAAP INFORMATION
Income Statement (continued) (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense)
Realized and unrealized gain (loss) on investments net $297 $1287 $1367 $22 $438 $297 $438
Realized and unrealized gain (loss) of consolidated investment products net
4444 (1424) 13465 (2932) 2259 4444 2259
Other income (expense) net 646 47 436 506 1319 646 1319
Total other income (expense) net $5387 ($90) $15268 ($2404) $4016 $5387 $4016
Interest Income (Expense)
Interest expense ($243) ($3739) ($4116) ($3909) ($3858) ($243) ($3858)
Interest and dividend income 188 446 679 847 721 188 721
Interest and dividend income of consolidated investment products
5656 5102 17778 20787 21403 5656 21403
Interest expense of consolidated investment products (2857) (2995) (16249) (13142) (14549) (2857) (14549)
Total interest income (expense) net $2744 ($1186) ($1908) $4583 $3717 $2744 $3717
Income (Loss) Before Income Taxes $18178 $1908 $30149 $30194 $30350 $18178 $30350
Income tax expense (benefit) 4433 1880 9626 24551 6523 4433 6523
Net Income (Loss) $13745 $28 $20523 $5643 $23827 $13745 $23827
Noncontrolling interests (718) (333) (1731) (145) (527) (718) (527)
Net Income (Loss) Attributable to Stockholders $13027 ($305) $18792 $5498 $23300 $13027 $23300
Preferred stockholder dividends (2084) (2084) (2084) (2084) (2084) (2084) (2084)
Net Income (Loss) Attributable to Common Stockholders $10943 ($2389) $16708 $3414 $21216 $10943 $21216
21
ASSETS UNDER MANAGEMENT
Assets Product and Asset Class
$ in millions (1) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts (3) Consists of real estate securities master-limited partnerships options strategies and other
033117 063017 093017 123117 033118
Assets by Product
Retail Funds $237104 $404210 $413254 $419499 $420927
UCITS1 576 666 794 1223 1272 Variable Insurance Funds 9488 9652 9929 10054 9826 Total ndash Open-End Funds $247168 $414528 $423977 $430776 $432025
Closed-End Funds $68143 $67072 $67354 $66662 $61327Exchange Traded Funds $8633 $9688 $9557 $10392 $9802
Intermediary Sold Managed Accounts $60352 $90452 $95777 $102607 $105352Private Client 32769 33059 34795 36761 34771 Total ndash Retail Separate Accounts $93121 $123511 $130572 $139368 $140123
Institutional Accounts 57113 206391 206305 208159 194112 Structured Products 6020 28998 33600 32988 37046
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
Liquidity2 $00 $35706 $34314 $21287 $16416 Total $480198 $885894 $905679 $909632 $890851
Assets by Asset Class
Equity $279905 $416726 $431479 $457798 $458928 of total 583 490 495 515 525
Fixed Income2 159087 391021 397417 387400 379992 of total 331 460 456 436 434
Alternatives3 41206 42441 42469 43147 35515 of total 86 50 49 49 41
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
22
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows TotalLong-term
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18Long-termBeginning balance $453663 $480198 $850188 $871365 $888345 $453663 $888345Inflows 32653 34523 45652 41157 54310 32653 54310Outflows (27458) (36529) (43310) (48868) (61616) (27458) (61616)Net Flows 5195 (2006) 2342 (7711) (7306) 5195 (7306)Market performance 23623 17434 21358 27326 (3879) 23623 (3879)Other1 (2283) 354562 (2523) (2635) (2725) (2283) (2725)Ending Balance - Long-Term $480198 $850188 $871365 $888345 $874435 $480198 $874435Ending Balance - Liquidity - 35706 34314 21287 16416 - 16416 Ending Balance - Total $480198 $885894 $905679 $909632 $890851 $480198 $890851
23
ASSETS UNDER MANAGEMENT
Asset Flows Product
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage (2) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Retail FundsBeginning balance $224521 $237104 $404210 $413254 $419499 $224521 $419499Inflows 20163 22173 28215 26190 37542 20163 37542 Outflows (20950) (22360) (28369) (32366) (36175) (20950) (36175) Net Flows (787) (187) (154) (6176) 1367 (787) 1367 Market performance 13954 11679 9854 13694 645 13954 645
Other 1 (584) 155614 (656) (1273) (584) (584) (584) Ending Balance $237104 $404210 $413254 $419499 $420927 $237104 $420927
UCITS2
Beginning balance $489 $576 $666 $794 $1223 $489 $1223Inflows 96 232 135 219 193 96 193 Outflows (16) (19) (22) (50) (69) (16) (69) Net Flows 80 213 113 169 124 80 124 Market performance 08 08 16 11 (03) 08 (03)
Other 1 (01) (131) (01) 249 (72) (01) (72) Ending Balance $576 $666 $794 $1223 $1272 $576 $1272
24
ASSETS UNDER MANAGEMENT
Asset Flows Product
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Variable Insurance FundsBeginning balance $9318 $9488 $9652 $9929 $10054 $9318 $10054Inflows 68 134 75 69 101 68 101 Outflows (381) (407) (336) (334) (378) (381) (378) Net Flows (313) (273) (261) (265) (277) (313) (277) Market performance 483 436 537 390 56 483 56
Other 1 - 01 01 - (07) - (07) Ending Balance $9488 $9652 $9929 $10054 $9826 $9488 $9826
Subtotal ndash Open-End FundsBeginning balance $234328 $247168 $414528 $423977 $430776 $234328 $430776Inflows 20327 22539 28425 26478 37836 20327 37836 Outflows (21347) (22786) (28727) (32750) (36622) (21347) (36622) Net Flows (1020) (247) (302) (6272) 1214 (1020) 1214 Market performance 14445 12123 10407 14095 698 14445 698
Other 1 (585) 155484 (656) (1024) (663) (585) (663) Ending Balance $247168 $414528 $423977 $430776 $432025 $247168 $432025
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
25
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Closed-End FundsBeginning balance $67574 $68143 $67072 $67354 $66662 $67574 $66662Inflows - - - - - - - Outflows (816) (312) - - - (816) - Net Flows (816) (312) - - - (816) - Market performance 2808 164 1244 228 (4061) 2808 (4061)
Other 1 (1423) (923) (962) (920) (1274) (1423) (1274) Ending Balance $68143 $67072 $67354 $66662 $61327 $68143 $61327
Exchange Traded FundsBeginning balance $5968 $8633 $9688 $9557 $10392 $5968 $10392Inflows 2657 1851 1041 1777 1395 2657 1395 Outflows (230) (513) (289) (494) (632) (230) (632) Net Flows 2427 1338 752 1283 763 2427 763 Market performance 346 (85) 42 (88) (775) 346 (775)
Other 1 (108) (198) (925) (360) (578) (108) (578) Ending Balance $8633 $9688 $9557 $10392 $9802 $8633 $9802
26
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Intermediary Sold Managed AccountsBeginning balance $54035 $60352 $90452 $95777 $102607 $54035 $102607Inflows 4809 5003 5415 5515 5763 4809 5763 Outflows (1640) (2140) (4097) (4558) (5574) (1640) (5574) Net Flows 3169 2863 1318 957 189 3169 189 Market performance 3148 2331 4007 5873 2556 3148 2556
Other 1 - 24906 - - - - - Ending Balance $60352 $90452 $95777 $102607 $105352 $60352 $105352
Private ClientBeginning balance $30700 $32769 $33059 $34795 $36761 $30700 $36761Inflows 2083 1559 1629 1290 1250 2083 1250 Outflows (1339) (2417) (704) (567) (2291) (1339) (2291) Net Flows 744 (858) 925 723 (1041) 744 (1041) Market performance 1390 1085 776 1351 (949) 1390 (949)
Other 1 (65) 63 35 (108) - (65) - Ending Balance $32769 $33059 $34795 $36761 $34771 $32769 $34771
Total Retail Separate AccountsBeginning balance $84735 $93121 $123511 $130572 $139368 $84735 $139368Inflows 6892 6562 7044 6805 7013 6892 7013 Outflows (2979) (4557) (4801) (5125) (7865) (2979) (7865) Net Flows 3913 2005 2243 1680 (852) 3913 (852) Market performance 4538 3416 4783 7224 1607 4538 1607
Other 1 (65) 24969 35 (108) - (65) - Ending Balance $93121 $123511 $130572 $139368 $140123 $93121 $140123
27
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Institutional AccountsBeginning balance $54927 $57113 $206391 $206305 $208159 $54927 $208159Inflows 2777 3571 4399 6097 4230 2777 4230 Outflows (1919) (6121) (8937) (10004) (16497) (1919) (16497) Net Flows 858 (2550) (4538) (3907) (12267) 858 (12267) Market performance 1383 1681 4511 5819 (1727) 1383 (1727)
Other 1 (55) 150147 (59) (58) (53) (55) (53) Ending Balance $57113 $206391 $206305 $208159 $194112 $57113 $194112
Structured ProductsBeginning balance $6131 $6020 $28998 $33600 $32988 $6131 $32988Inflows - - 4743 - 3836 - 3836 Outflows (167) (2240) (556) (495) - (167) - Net Flows (167) (2240) 4187 (495) 3836 (167) 3836 Market performance 103 135 371 48 379 103 379
Other 1 (47) 25083 44 (165) (157) (47) (157) Ending Balance $6020 $28998 $33600 $32988 $37046 $6020 $37046
LiquidityBeginning balance $ - $ - $35706 $34314 $21287 $ - $21287
Other 1 - 35706 (1392) (13027) (4871) - (4871) Ending Balance $ - $35706 $34314 $21287 $16416 $ - $16416
28
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Domestic Equity FundsBeginning balance $43354 $45745 $111649 $115133 $120233 $43354 $120233Inflows 3754 4585 8151 7646 13869 3754 13869 Outflows (4032) (4690) (8631) (8960) (10113) (4032) (10113) Net Flows (278) (105) (480) (1314) 3756 (278) 3756 Market performance 2573 3285 4239 6662 1006 2573 1006
Other 2 96 62724 (275) (248) 169 96 169 Ending Balance $45745 $111649 $115133 $120233 $125164 $45745 $125164
International Equity FundsBeginning balance $83003 $91969 $101510 $105954 $112960 $83003 $112960Inflows 7882 8130 6828 6257 8537 7882 8537 Outflows (8884) (7220) (6202) (4716) (8875) (8884) (8875) Net Flows (1002) 910 626 1541 (338) (1002) (338) Market performance 10220 7828 3800 5624 111 10220 111
Other 2 (252) 803 18 (159) (60) (252) (60) Ending Balance $91969 $101510 $105954 $112960 $112673 $91969 $112673
Total Equity FundsBeginning balance $126357 $137714 $213159 $221087 $233193 $126357 $233193Inflows 11636 12715 14979 13903 22406 11636 22406 Outflows (12916) (11910) (14833) (13676) (18988) (12916) (18988) Net Flows (1280) 805 146 227 3418 (1280) 3418 Market performance 12793 11113 8039 12286 1117 12793 1117
Other 2 (156) 63527 (257) (407) 109 (156) 109 Ending Balance $137714 $213159 $221087 $233193 $237837 $137714 $237837
Cognos_Office_Connection_Cache
2 NGIS
3 NGIS
Non-GAAP IS Data
4 GAAPIS
5 GAAPIS
GAAP IS Data
6 BS
7 BS
Sheet2
8 AUM
8 AUM Data
9 Fees
9 AVG Assets
9 Fees Data Avg AUM
9 Fees Data Fees
10 AUM T
10 AUM T Data
11 Flows
11 Flows Data
12 Flows
13 Flows
14 Flows
15amp17 Flows
16 Flows
OEF AUM
24 Other
RidgeWorth
29
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Excludes liquidity funds (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows Open-End Funds1 by Asset Class (continued)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Taxable Bond Funds2
Beginning balance $89188 $91382 $175183 $177544 $173630 $89188 $173630Inflows 7256 8342 12388 11601 14186 7256 14186Outflows (6149) (9139) (11685) (16523) (15177) (6149) (15177)Net Flows 1107 (797) 703 (4922) (991) 1107 (991) Market performance 1445 737 2002 1354 493 1445 493
Other3 (358) 83861 (344) (346) (714) (358) (714)Ending Balance $91382 $175183 $177544 $173630 $172418 $91382 $172418
Non-Taxable Bond FundsBeginning balance $1961 $1969 $10156 $9985 $9335 $1961 $9335Inflows 104 258 320 322 529 104 529 Outflows (162) (335) (563) (978) (865) (162) (865) Net Flows (58) (77) (243) (656) (336) (58) (336) Market performance 27 09 75 56 (105) 27 (105)
Other3 39 8255 (03) (50) (27) 39 (27) Ending Balance $1969 $10156 $9985 $9335 $8867 $1969 $8867
Total Fixed Income FundsBeginning balance $91149 $93351 $185339 $187529 $182965 $91149 $182965Inflows 7360 8600 12708 11923 14715 7360 14715 Outflows (6311) (9474) (12248) (17501) (16042) (6311) (16042) Net Flows 1049 (874) 460 (5578) (1327) 1049 (1327) Market performance 1472 746 2077 1410 388 1472 388
Other3 (319) 92116 (347) (396) (741) (319) (741) Ending Balance $93351 $185339 $187529 $182965 $181285 $93351 $181285
30
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class (continued)
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Consists of real estate securities master-limited partnerships option strategies and other (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Alternative Funds2
Beginning balance $16822 $16103 $16030 $15361 $14618 $16822 $14618Inflows 1331 1224 738 652 715 1331 715 Outflows (2120) (1402) (1646) (1573) (1592) (2120) (1592) Net Flows (789) (178) (908) (921) (877) (789) (877) Market performance 180 264 291 399 (807) 180 (807)
Other 13 (110) (159) (52) (221) (31) (110) (31) Ending Balance $16103 $16030 $15361 $14618 $12903 $16103 $12903
31
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM
$ in millions (1) Represents net investment management fees divided by average assets Net investment management fees are investment management fees as adjusted less fees paid to third-party
service providers for investment management related services which impacted the fee rate in the three months ended March 31 2018 for Open-End Funds and All Products by 05 and 04 basis points respectively
(2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes incentive fees earned in the three months ended September 30 2017 December 31 2017 and March 31 2018 which impacted the fee rate by 102 14 and 02 basis points
respectively (4) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Net Management Fees1
(in basis points annualized)Retail Funds 502 505 477 498 502 502 502
UCITS2 103 154 279 - - 103 - Variable Insurance Funds 612 601 590 658 653 612 653 Total Open-End Funds 505 507 479 501 503 505 503
Closed-End Funds 662 658 660 660 663 662 663 Exchange Traded Funds 317 272 270 157 182 317 182
Intermediary Sold Managed Accounts 409 381 362 358 370 409 370 Private Client 768 740 749 746 772 768 772 Total Retail Separate Accounts 539 497 466 461 476 539 476
Institutional Accounts 372 327 310 312 318 372 318
Structured Products3 335 335 471 388 392 335 392 Total Long-Term Assets 513 483 448 454 460 513 460
Liquidity4 - 114 60 85 118 - 118 Total 513 475 434 439 453 513 453
32
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM (continued)
$ in millions (1) Averages are calculated as follows Funds ndash average daily or weekly balances Retail Separate Accounts ndash prior quarter ending balance or average of month-end balances in quarter
Institutional Accounts ndash average of month-end balances in quarter (2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Assets by Product1
Retail Funds $231507 $296253 $410279 $417448 $426078 $231507 $426078
UCITS2 538 591 720 930 1281 538 1281 Variable Insurance Funds 9531 9672 9810 10023 10155 9531 10155 Total ndash Open-End Funds $241576 $306516 $420809 $428401 $437514 $241576 $437514
Closed-End Funds $67861 $68096 $67581 $67260 $63461 $67861 $63461Exchange Traded Funds $7592 $9008 $9450 $9583 $10457 $7592 $10457
Intermediary Sold Managed Accounts $53936 $68667 $90396 $95724 $102472 $53936 $102472Private Client 30700 32770 33059 34795 36761 30700 36761 Total ndash Retail Separate Accounts $84636 $101437 $123455 $130519 $139233 $84636 $139233
Institutional Accounts $56032 $107951 $207286 $209331 $201658 $56032 $201658Structured Products 6033 13929 31111 33040 36191 6033 36191 Total ndash Long-Term Assets $463730 $606937 $859692 $878134 $888514 $463730 $888514
Liquidity3 $00 $13286 $33311 $36351 $17876 $00 $17876 Total $463730 $620223 $893003 $914485 $906390 $463730 $906390
33
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100476$ -$ 1571$ -$ -$ -$ -$ 102047$ Distribution and services fees 12607 - 4 - - - - 12611 Administration and transfer agent fees 15738 - 1 - - - - 15739 Other income and fees 207 - - - - - - 207 Distribution and other asset-based expenses - (22291) - - - - - (22291) Total revenues 129028 (22291) 1576 - - - - 108313
Operating ExpensesEmployment expenses 60696 - - - - (1903) - 58793 Distribution and other asset-based expenses 22291 (22291) - - - - - - Other operating expense 16862 - - - - (1189) 20 15693 Other operating expenses of consolidated investment products 511 - (511) - - - - - Depreciation expense 1015 - - - - - - 1015 Amortization expense 5036 - - (5036) - - - - Total operating expenses 106411 (22291) (511) (5036) - (3092) 20 75501
Operating Income (Loss) 22617 - 2087 5036 - 3092 (20) 32812
Other Income (Expense)Realized and unrealized gain (loss) on investments net 438 - 1056 - (1692) - - (198) Realized and unrealized gain (loss) of consolidated investment products net 2259 - (2259) - - - - - Other income (expense) net 1319 - 2494 - (2494) - - 1319 Total other income (expense) net 4016 - 1291 - (4186) - - 1121
Interest Income (Expense)Interest expense (3858) - - - - 40 - (3818) Interest and dividend income 721 - 2949 - (3402) - - 268 Interest and dividend income of investments of consolidated investment products net 21403 - (21403) - - - - - Interest expense of consolidated investment products (14549) - 14549 - - - - - Total interest income (expense) net 3717 - (3905) - (3402) 40 - (3550) Income (Loss) Before Income Taxes 30350 - (527) 5036 (7588) 3132 (20) 30383 Income tax expense (benefit) 6523 - - 1410 (1141) 877 888 8557 Net Income (Loss) 23827 - (527) 3626 (6447) 2255 (908) 21826 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (527) - 527 - - - - Net Income (Loss) Attributable to Common Stockholders 21216$ -$ -$ 3626$ (6447)$ 2255$ 1176$ 21826$
Earnings (Loss) Per Share - Diluted 277$ 259$
Weighted Average Shares Outstanding - Diluted (Thousands) 8411 8411
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q1 2018
$ and share counts in thousands except per share data
(Unaudited)
34
US GAAP TO NON-GAAP RECONCILIATION
$ and share counts in thousands except per share data
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100447$ -$ 1667$ -$ -$ -$ -$ 102114$ Distribution and services fees 11618 - 5 - - - - 11623 Administration and transfer agent fees 15840 - 9 - - - - 15849 Other income and fees 119 - - - - - - 119 Distribution and other asset-based expenses - (20348) - - - - - (20348) Total revenues 128024 (20348) 1681 - - - - 109357
Operating ExpensesEmployment expenses 54602 - - - - (2009) - 52593 Distribution and other asset-based expenses 20348 (20348) - - - - - - Other operating expense 18215 - - - - (1269) (256) 16690 Other operating expenses of consolidated investment products 659 - (659) - - - - - Restructuring and severance 102 - - - - (102) - - Depreciation expense 1019 - - - - - - 1019 Amortization expense 5064 - - (5064) - - - - Total operating expenses 100009 (20348) (659) (5064) - (3380) (256) 70302
Operating Income (Loss) 28015 - 2340 5064 - 3380 256 39055
Other Income (Expense)Realized and unrealized gain (loss) on investments net 22 - 271 - (293) - - - Realized and unrealized gain (loss) of consolidated investment products net (2932) - 2932 - - - - - Other income (expense) net 506 - (65) - 65 - - 506 Total other income (expense) net (2404) - 3138 - (228) - - 506
Interest Income (Expense)Interest expense (3909) - - - - - - (3909) Interest and dividend income 847 - 2022 - (2611) - - 258 Interest and dividend income of investments of consolidated investment products net 20787 - (20787) - - - - - Interest expense of consolidated investment products (13142) - 13142 - - - - - Total interest income (expense) net 4583 - (5623) - (2611) - - (3651) Income (Loss) Before Income Taxes 30194 - (145) 5064 (2839) 3380 256 35910 Income tax expense (benefit) 24551 - - 1979 (1767) 1321 (12049) 14035 Net Income (Loss) 5643 - (145) 3085 (1072) 2059 12305 21875 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (145) - 145 - - - - Net Income (Loss) Attributable to Common Stockholders 3414$ -$ -$ 3085$ (1072)$ 2059$ 14389$ 21875$
Earnings (Loss) Per Share - Diluted 046$ 260$ Weighted Average Shares Outstanding - Diluted (Thousands) 7433 8413
Reclassifications Adjustments
Q4 2017 (Unaudited)
Cognos_Office_Connection_Cache
Dec 2017 YTD
Q4 2017
Q3 2016
Sheet2
Sheet3
35
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 97295$ -$ 1107$ -$ -$ -$ -$ -$ 98402$ Distribution and services fees 11482 - 4 - - - - - 11486 Administration and transfer agent fees 14699 - 10 - - - - - 14709 Other income and fees 199 - - - - - - - 199 Distribution and other asset-based expenses - (20552) - - - - - - (20552) Total revenues 123675 (20552) 1121 - - - - - 104244
Operating ExpensesEmployment expenses 54159 - - - - - (2275) - 51884 Distribution and other asset-based expenses 20552 (20552) - - - - - - - Other operating expense 17733 - - - - - (1196) (406) 16131 Other operating expenses of consolidated investment products 6757 - (6757) - - - - - Restructuring and severance 1584 - - - (137) - (1447) - - Depreciation expense 1038 - - - - - - - 1038 Amortization expense 5063 - - (5063) - - - - - Total operating expenses 106886 (20552) (6757) (5063) (137) - (4918) (406) 69053
Operating Income (Loss) 16789 - 7878 5063 137 - 4918 406 35191
Other Income (Expense)Realized and unrealized gain (loss) on investments net 1367 - 1880 - - (3247) - - - Realized and unrealized gain (loss) of consolidated investment products net 13465 - (13465) - - - - - Other income (expense) net 436 - 33 - - (33) - - 436 Total other income (expense) net 15268 - (11552) - - (3280) - - 436
Interest Income (Expense)Interest expense (4116) - - - - - - - (4116) Interest and dividend income 679 - 3472 - - (3953) - - 198 Interest and dividend income of investments of consolidated investment products net 17778 - (17778) - - - - - Interest expense of consolidated investment products (16249) - 16249 - - - - - - Total interest income (expense) net (1908) - 1943 - - (3953) - - (3918) Income (Loss) Before Income Taxes 30149 - (1731) 5063 137 (7233) 4918 406 31709 Income tax expense (benefit) 9626 - - 1944 53 (1678) 1889 339 12173 Net Income (Loss) 20523 - (1731) 3119 84 (5555) 3029 67 19536 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (1731) - 1731 - - - - - Net Income (Loss) Attributable to Common Stockholders 16708$ -$ -$ 3119$ 84$ (5555)$ 3029$ 2151$ 19536$
Earnings (Loss) Per Share - Diluted 221$ 230$
Weighted Average Shares Outstanding - Diluted (Thousands) 8492 8492
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q3 2017
$ and share counts in thousands except per share data
(Unaudited)
36
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 74062$ -$ 210$ -$ -$ -$ -$ -$ 74272$ Distribution and services fees 10439 - 7 - - - - - 10446 Administration and transfer agent fees 9476 - 19 - - - - - 9495 Other income and fees 155 - - - - - - - 155 Distribution and other asset-based expenses - (15764) - - - - - - (15764) Total revenues 94132 (15764) 236 - - - - - 78604
Operating ExpensesEmployment expenses 42992 - - - - - (2059) - 40933 Distribution and other asset-based expenses 15764 (15764) - - - - - - - Other operating expense 20236 - - - - - (5629) (374) 14233
Other operating expenses of consolidated investment products 473 - (473) - - - - - Restructuring and severance 8894 - - - (255) - (8639) - - Depreciation and other amortization 776 - - - - - - - 776 Amortization expense 1813 - - (1813) - - - - - Total operating expenses 90948 (15764) (473) (1813) (255) - (16327) (374) 55942
Operating Income 3184 - 709 1813 255 - 16327 374 22662
Other (Expense)IncomeRealized and unrealized gain(loss) on investments net 1287 - 397 - - (1684) - - - of consolidated investment products net (1424) - 1424 - - - - - Other income net 47 - (1944) - - 1943 - - 46 Total other (expense)income net (90) - (123) - - 259 - - 46
Interest (Expense)IncomeInterest expense (3739) - - - - - 2286 - (1453) Interest and dividend income 446 - 1188 - - (1355) - - 279 Interest and dividend income of investments of consolidated investment products net 5102 - (5102) - - - - - Interest expense of consolidated investment products (2995) - 2995 - - - - - - Total (expense)income net (1186) - (919) - - (1355) 2286 - (1174) Income Before Income Taxes 1908 - (333) 1813 255 (1096) 18613 374 21534 Income tax expense 1880 - - 689 97 (237) 7073 (1321) 8181 Net Income 28 - (333) 1124 158 (859) 11540 1695 13353 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (333) - 333 - - - - - - Net (Loss)Income Attributable to Common Stockholders (2389)$ -$ -$ 1124$ 158$ (859)$ 11540$ 3779$ 13353$ (Loss)Earnings Per Share - Diluted (034)$ 161$
Weighted Average Shares Outstanding - Diluted (in thousands) 7064 8311
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION Q2 2017
$ and share counts in thousands except per share data
(Unaudited)
37
US GAAP TO NON-GAAP RECONCILIATION Q1 2017
$ and share counts in thousands except per share data
(Unaudited) US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 59271$ -$ 242$ -$ -$ -$ -$ 59513$ Distribution and services fees 10783 - 10 - - - - 10793 Administration and transfer agent fees 8981 - 34 - - - - 9015 Other income and fees 741 - - - - - - 741 Distribution and other asset-based expenses - (15323) - - - - - (15323) Total revenues 79776 (15323) 286 - - - - 64739
Operating ExpensesEmployment expenses 39641 - - - - - - 39641 Distribution and other asset-based expenses 15323 (15323) - - - - - - Other operating expense 13226 - - - - (1629) (669) 10928 Other operating expenses of consolidated investment vehicles 642 - (642) - - - - - Depreciation and other amortization 664 - - - - - - 664 Amortization expense 233 - - (233) - - - - Total operating expenses 69729 (15323) (642) (233) - (1629) (669) 51233
Operating Income 10047 - 928 233 - 1629 669 13506
Other Income (Expense)Realized and unrealized gain (loss) on investments net 297 - 3513 - (3810) - - - of consolidated investment vehicles net 4444 - (4444) - - - - - Other income (expense) net 646 - 1424 - (1424) - - 646 Total other income (expense) net 5387 - 493 - (5234) - - 646
Interest Income (Expense)Interest expense (243) - - - - - - (243) Interest and dividend income 188 - 660 - (733) - - 115 Interest and dividend income of investments of consolidated investment vehicles net 5656 - (5656) - - - - - Interest expense of consolidated investment vehicles (2857) - 2857 - - - - - Total interest (expense) income net 2744 - (2139) - (733) - - (128) Income Before Income Taxes 18178 - (718) 233 (5967) 1629 669 14024 Income tax expense 4433 - - 90 (288) 628 544 5407 Net Income 13745 - (718) 143 (5679) 1001 125 8617 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (718) - 718 - - - - - Net Income Attributable to Common Stockholders 10943$ -$ -$ 143$ (5679)$ 1001$ 2209$ 8617$ Earnings Per Share - Diluted 162$ 116$ Weighted Average Shares Outstanding - Diluted (in thousands) 6773 7447
Reclassifications Adjustments
Stmt of Ops
Adj Stmt of Ops
1Q 17 Rec
4Q16 Rec
3Q 16 Rec
2Q 16 Rec
1Q 16 Rec
4Q 15 Rec
3Q 15 Rec
2Q 15 Rec
Cognos_Office_Connection_Cache
4Q 16 YTD CHECK
4Q 16 YTD Rec
4Q 15 YTD Rec
3Q 15 YTD Rec
Footnote
3Q 15 Recon (2)
Sheet1
38
Non-GAAP financial information differ from financial information determined in accordance with US GAAP as a result of the reclassification of certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures Notes to Reconciliations 1 Distribution and other asset-based expenses - Primarily payments to third-party distribution partners and third-party service providers for providing services to
investors in our sponsored funds and payments to third-party service providers for investment management-related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that do not utilize intermediary distribution partners or third-party service providers
2 Consolidated investment products - Revenues and expenses generated by operating activities of majority-owned mutual funds and CLOs that are consolidated in the financial statements Management believes that excluding these operating activities to reflect net revenues and expenses of the company prior to the consolidation of these products is consistent with the approach of reflecting its operating results from managing third-party client assets
3 Amortization of intangible assets - Non-cash amortization expense or impairment expense if any attributable to acquisition-related intangible assets Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
4 Restructuring and severance - Certain expenses associated with restructuring the business including lease abandonment-related expenses and severance costs associated with staff reductions that are not reflective of the ongoing earnings generation of the business Management believes that making this adjustment aids in comparing the companys operating results with prior periods
5 Acquisition and integration expenses - Expenses that are directly related to acquisition and integration activities Acquisition expenses include transaction closing costs certain professional fees and financing fees Integration expenses include costs incurred that are directly attributable to combining businesses including compensation restructuring and severance charges professional fees consulting fees and other expenses Management believes that making these adjustments aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
6 Other - Certain expenses that are not reflective of the ongoing earnings generation of the business In addition it includes income tax expense(benefit) items such as adjustments for uncertain tax positions valuation allowances and other unusual or infrequent items not related to current operating results to reflect a normalized effective rate Preferred dividends are adjusted as the shares are mandatorily convertible into common shares at the end of three years and weighted average shares as adjusted reflects the conversion Management believes that making these adjustments aids in comparing the companyrsquos operating results with prior periods
7 Seed capital and CLO investments earnings (losses) - Gains and losses (realized and unrealized) dividends and interest income generated by seed capital and CLO investments Earnings or losses generated by investments in seed capital and CLO investments can vary significantly from period to period and do not reflect the companyrsquos operating results from providing investment management and related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with prior periods and with other asset management firms that do not have meaningful seed capital and CLO investments
FOOTNOTES
39
FOOTNOTES
Components of Acquisition and Integration Expenses and Other for the respective periods are shown in the table below
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Acquisition and Integration Expenses
Employment expenses $ - 2059 $2275 $2009 $1903 $ - $1903
Restructuring and severance - 8639 1447 102 - - -
Other operating expenses 1629 5629 1196 1269 1189 1629 1189
Total Acquisition and Integration Operating Expenses $1629 $16327 $4918 $3380 $3092 1629 $3092
Interest expense - 2286 - - 40 - 40
Total Acquisition and Integration Expenses $1629 $18613 $4918 $3380 $3132 1629 $3132
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other
System transition expenses $669 $374 $406 $256 ($20) $669 ($20)
Tax impact of system transition expenses (258) (141) (156) (100) 6 (258) 6
Tax impact of Tax Cuts and Jobs Act - - - 13059 - - -
Other discrete tax adjustments (286) 1462 (183) (910) (894) (286) (894)
Total tax related items ($544) $1321 ($339) $12049 (888) (544) ($888)
Preferred stockholder dividends 2084 2084 2084 2084 2084 2084 2084
Total Other $2209 $3779 $2151 $14389 $1176 $2209 $1176
- First Quarter 2018Earnings PresentationApril 27 2018
- Important Disclosures
- Agenda
- Slide Number 4
- Overview of FIRST Quarter
- Slide Number 6
- Assets Under Management
- Asset Flows
- Investment Management Fees AS ADJUSTED
- Employment expenses as adjusted
- Other operating expenses as adjusted
- Non-GAAP Results
- Capital Position
- Slide Number 14
- Non-gaap information
- Non-gaap information
- Non-GAAP INFORMATION
- non-gaap INFORMATION
- US GAAP Information
- US GAAP Information
- Assets under management
- Assets under management
- Assets UNDER MANAGEMENT
- Assets under management
- ASSETS UNDER MANAGEMENT
- Assets UNDER MANAGEMENT
- AsseTS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- Assets Under Management
- Assets Under Management
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- Footnotes
- Footnotes
- Slide Number 40
-
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in millions except per share data) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and structured product Investments impact | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other income of consolidated investment product net | Other income of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | T66 Manual | ||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| Other (in thousands) | 12312015 | 93015 | 123114 | 123115 | 123114 | |||||||||||
| Loss contingency | $ - 0 | $ - 0 | $ - 0 | $ 16500 | $ - 0 | |||||||||||
| Tax impact of loss contingency | - | - | - | (5507) | - | |||||||||||
| Transition related revenues | - | - | - | 1166 | - | |||||||||||
| Tax impact of transition related revenues | - | - | - | (442) | - | |||||||||||
| System transition expenses | 497 | (170) | 359 | 1248 | 1050 | |||||||||||
| Tax impact of system transition expenses | (192) | 65 | (135) | (476) | (400) | |||||||||||
| Newfleet transition expenses | - | - | - | - | 859 | |||||||||||
| Tax impact of Newfleet transition expenses | - | - | - | - | (329) | |||||||||||
| Restructuring and severance | - | - | - | - | 294 | |||||||||||
| Tax impact of restructuring and severance | - | - | - | - | (113) | |||||||||||
| Discrete tax adjustments | 245 | - | - | 245 | (15213) | |||||||||||
| Total Other | $ 550 | $ (105) | $ 224 | $ 12734 | $ (13852) | |||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Sep 2015 YTD | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Nine months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8876 | 8876 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 9039 | 9039 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2015 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve Months Ended December 31 2015 | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | Must be sum of quarters | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ||||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8797 | 8797 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 8960 | 8960 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2016 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Expenses | - | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Other Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Interest Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | - | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7648 | 7648 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7822 | 7822 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Dec 2016 YTD | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income tax expense check-sum | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q2 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | 8931 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q4 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended December 31 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q1 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended March 31 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q2 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q3 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7676 | 7676 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7854 | 7854 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ERRORNAME | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||
| Q4 2016 | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Three months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | ERRORNAME | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||
| Q1 2017 | ||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||
| Three months ended March 31 2017 | ||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 6542 | 7217 | |||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 6773 | 7447 | |||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 386 | ERRORNAME | |||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||
| bpmProduct | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | |||||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | ||||||||||||||||||||||||||||
| Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||
| (in thousands except per share data) | ||||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | |||||||||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||||||
| Investment Management Fees as adjusted | Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and Other Asset-Based Expenses As Adjusted | Distribution and other asset-based expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Revenues as Adjusted | Total revenues as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||||||
| Employment Expenses as adjusted | Employment expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses as adjusted | Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses as adjusted | Total operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Operating Income as adjusted | Operating Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other income net as adjusted | Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as Adjusted | Total other income (expense) net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Interest Expense | Interest expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | Total interest income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income as adjusted | Pre-Tax Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense as adjusted | Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 24627 | PY enter values | Large adj in M - must total sum of quarters | ||||||||||||||||||||
| Net Income as adjusted | Net Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40129 | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as adjusted | Net Income Attributable to Common Stockholders As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40328 | ||||||||||||||||||||||
| Earnings Per Share - Basic As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 452 | |||||||||||||||||||||||
| Earnings Per Share - Diluted As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 443 | |||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | 8931 | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | ||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | |||||||||||||||||||||||||
| US GAAP Consolidated Statements of Operations | |||||||||||||||||||||||||||||
| (in thousands except per share data) | |||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | ||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Investment Management Fees | Investment management fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Revenue | Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||
| Employment Expenses | Employment expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expense | Other operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Restructuring amp severance | Restructuring and severance | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Intangible Asset Amortization | Amortization expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expense | Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Income | Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized loss on investments of consolidated investment product net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income (Expense) | Other income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income Net | Total other (expense) net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest Expense | Interest expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest and Dividend Income | Interest and dividend income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income net | Total interest income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense | Income tax expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income | Net Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Manual Input | Cash Dividends Declared Per Share | $ 045 | $ 045 | - | $ 045 | - | $ 135 | $ 135 | 0 | Manual | |||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | YTD manual | |||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | C56 manual due to loss in Q3 2015 | |||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||||
| Q3 2016 | ||||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | ||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 380 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | |||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Q4 2017 | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 2017 | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 391 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | 2017 | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Dec 2017 YTD | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 YTD | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (8336) | - | - | - | - | - | 8336 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 383 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
Hogan Scott Hogan ScottNOTE need to use this schedule Thee are manual adjustments in realized gain (loss) |
| Open-end Funds | Closed-end Funds | ETFs | Retail Separate Accounts | Institutional | Structured Products | Total | ||||||||||
| Equity | ||||||||||||||||
| Domestic Equity - Small Cap Equity | $41363 | - 0 | $240 | $65534 | $36816 | - 0 | $143953 | |||||||||
| of total | 100 | - 0 | 25 | 531 | 178 | - 0 | 170 | |||||||||
| Domestic Equity - Large Cap Equity | 34684 | 43007 | 654 | 12600 | 32563 | - 0 | 123508 | |||||||||
| of total | 84 | 641 | 67 | 101 | 158 | - 0 | 145 | |||||||||
| Domestic Equity - Mid Cap Equity | 35258 | - 0 | - 0 | 2710 | 7143 | - 0 | 45111 | |||||||||
| of total | 85 | - 0 | - 0 | 22 | 35 | - 0 | 53 | |||||||||
| International Equity - Emerging Markets | 79227 | - 0 | - 0 | - 0 | - 0 | - 0 | 79227 | |||||||||
| of total | 191 | - 0 | - 0 | - 0 | - 0 | - 0 | 93 | |||||||||
| International Equity - Developed Markets | 22391 | - 0 | - 0 | 2535 | - 0 | - 0 | 24926 | |||||||||
| of total | 54 | - 0 | - 0 | 21 | - 0 | - 0 | 29 | |||||||||
| Total Equity | $212923 | $43007 | $894 | $83379 | $76522 | - 0 | $416725 | |||||||||
| of total | 514 | 641 | 92 | 675 | 371 | - 0 | 490 | |||||||||
| Fixed Income | ||||||||||||||||
| Leveraged Finance | $79152 | - 0 | $1232 | $22221 | $34023 | $28998 | $165626 | |||||||||
| of total | 191 | - 0 | 127 | 180 | 165 | 1000 | 195 | |||||||||
| Investment Grade | 25820 | 14894 | 230 | 16253 | 79146 | - 0 | 136343 | |||||||||
| of total | 62 | 222 | 24 | 132 | 383 | - 0 | 160 | |||||||||
| Multi-Sector | 80525 | 4100 | 1847 | - 0 | 2581 | - 0 | 89053 | |||||||||
| of total | 194 | 61 | 191 | - 0 | 13 | - 0 | 105 | |||||||||
| Total Fixed Income | $185497 | $18994 | $3309 | $38474 | $115750 | $28998 | $391022 | |||||||||
| of total | 447 | 283 | 342 | 312 | 561 | 1000 | 460 | |||||||||
| Alternatives | ||||||||||||||||
| Real Estate Investment Trusts | 13019 | -0 | 171 | 391 | 9994 | -0 | 23575 | |||||||||
| of total | 307 | 00 | 04 | 09 | 235 | 00 | 555 | |||||||||
| Master Limited Partnerships | 56 | 2606 | 4600 | -0 | -0 | -0 | 7262 | |||||||||
| of total | 01 | 61 | 108 | 00 | 00 | 00 | 171 | |||||||||
| Other | 3033 | 2465 | 714 | 1267 | 4125 | -0 | 11604 | |||||||||
| of total | 71 | 58 | 17 | 30 | 97 | 00 | 273 | |||||||||
| Total Alternatives | $16108 | $5071 | $5485 | $1658 | $14119 | - 0 | $42441 | |||||||||
| of total | 39 | 76 | 566 | 13 | 68 | - 0 | 50 | |||||||||
| Total Long-Term | $414528 | $67072 | $9688 | $123511 | $206391 | $28998 | $850188 | |||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| Acquisition and Integration Expenses | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $- | $- | $- | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Employment expenses | $ - | $ - | 2059 | $2275 | $2009 | $1903 | $ - | $1903 | 2059 | 4334 | 6343 | |||||||||||||
| Restructuring and severance | - | - | 8639 | 1447 | 102 | - | - | - | 8639 | 10086 | 10188 | |||||||||||||
| Other operating expenses | - | 1629 | 5629 | 1196 | 1269 | 1189 | 1629 | 1189 | 7258 | 8454 | 9723 | |||||||||||||
| Total Acquisition and Integration Operating Expenses | $ - | $1629 | $16327 | $4918 | $3380 | $3092 | 1629 | $3092 | 17956 | 22874 | 26254 | |||||||||||||
| Interest expense | - | - | 2286 | - | - | 40 | - | 40 | 2286 | 2286 | 2286 | |||||||||||||
| Total Acquisition and Integration Expenses | $ - | $1629 | $18613 | $4918 | $3380 | $3132 | 1629 | $3132 | 20242 | 25160 | 28540 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||
| Other | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $0 | $0 | $0 | $0 | $- | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| System transition expenses | $445 | $669 | $374 | $406 | $256 | ($20) | $669 | ($20) | 1043 | 1449 | 1705 | |||||||||||||
| Tax impact of system transition expenses | (258) | (141) | (156) | (100) | 6 | (258) | 6 | (399) | (555) | (655) | ||||||||||||||
| Tax impact of Tax Cuts and Jobs Act | - | - | - | 13059 | - | - | - 0 | - | - | 13059 | ||||||||||||||
| Other discrete tax adjustments | (286) | 1462 | (183) | (910) | (894) | (286) | (894) | 1176 | 993 | 83 | ||||||||||||||
| Total tax related items | (166) | ($544) | $1321 | ($339) | $12049 | (888) | (544) | ($888) | 777 | 438 | 12487 | |||||||||||||
| Preferred stockholder dividends | - | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 4168 | 6252 | 8336 | |||||||||||||
| Total Other | $279 | $2209 | $3779 | $2151 | $14389 | $1176 | $2209 | $1176 | 5988 | 8139 | 22528 | |||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| International Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Non-taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||
| Taxable Bond Funds2 | |||||||||||||||||||||||||||
| Beginning balance | $90831 | $89188 | $91382 | $175183 | $177544 | $173630 | $89188 | $173630 | |||||||||||||||||||
| Inflows | 5714 | 7256 | 8342 | 12388 | 11601 | 14186 | 7256 | 14186 | 15598 | 27986 | 39587 | ||||||||||||||||
| Outflows | (6796) | (6149) | (9139) | (11685) | (16523) | (15177) | (6149) | (15177) | (15288) | (26973) | (43496) | ||||||||||||||||
| Net Flows | (1082) | 1107 | (797) | 703 | (4922) | (991) | 1107 | (991) | |||||||||||||||||||
| Market performance | (335) | 1445 | 737 | 2002 | 1354 | 493 | 1445 | 493 | 2182 | 4184 | 5538 | ||||||||||||||||
| Other3 | (226) | (358) | 83861 | (344) | (346) | (714) | (358) | (714) | 83503 | 83159 | 82813 | ||||||||||||||||
| Ending Balance | $89188 | $91382 | $175183 | $177544 | $173630 | $172418 | $91382 | $172418 | |||||||||||||||||||
| Non-Taxable Bond Funds | |||||||||||||||||||||||||||
| Beginning balance | $2258 | $1961 | $1969 | $10156 | $9985 | $9335 | $1961 | $9335 | |||||||||||||||||||
| Inflows | 89 | 104 | 258 | 320 | 322 | 529 | 104 | 529 | 362 | 682 | 1004 | ||||||||||||||||
| Outflows | (248) | (162) | (335) | (563) | (978) | (865) | (162) | (865) | (497) | (1060) | (2038) | ||||||||||||||||
| Net Flows | (159) | (58) | (77) | (243) | (656) | (336) | (58) | (336) | |||||||||||||||||||
| Market performance | (78) | 27 | 09 | 75 | 56 | (105) | 27 | (105) | 36 | 111 | 167 | ||||||||||||||||
| Other3 | (60) | 39 | 8255 | (03) | (50) | (27) | 39 | (27) | 8294 | 8291 | 8241 | ||||||||||||||||
| Ending Balance | $1961 | $1969 | $10156 | $9985 | $9335 | $8867 | $1969 | $8867 | |||||||||||||||||||
| Total Fixed Income Funds | |||||||||||||||||||||||||||
| Beginning balance | $2330 | $91149 | $93351 | $185339 | $187529 | $182965 | $91149 | $182965 | |||||||||||||||||||
| Inflows | 97 | 7360 | 8600 | 12708 | 11923 | 14715 | 7360 | 14715 | 15960 | 28668 | 40591 | ||||||||||||||||
| Outflows | (112) | (6311) | (9474) | (12248) | (17501) | (16042) | (6311) | (16042) | (15785) | (28033) | (45534) | ||||||||||||||||
| Net Flows | (15) | 1049 | (874) | 460 | (5578) | (1327) | 1049 | (1327) | |||||||||||||||||||
| Market performance | (06) | 1472 | 746 | 2077 | 1410 | 388 | 1472 | 388 | 2218 | 4295 | 5705 | ||||||||||||||||
| Other3 | (51) | (319) | 92116 | (347) | (396) | (741) | (319) | (741) | 91797 | 91450 | 91054 | ||||||||||||||||
| Ending Balance | $2258 | $93351 | $185339 | $187529 | $182965 | $181285 | $93351 | $181285 | |||||||||||||||||||
| check | |||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | |||||||||||||||||||
| Inflows | $16423 | $20327 | $22539 | $28425 | $26478 | $37836 | $20327 | $37836 | |||||||||||||||||||
| Outflows | ($23842) | ($21347) | ($22786) | ($28727) | ($32750) | ($36622) | ($21347) | ($36622) | |||||||||||||||||||
| Net Flows | ($7419) | ($1020) | ($247) | ($302) | ($6272) | $1214 | ($1020) | $1214 | |||||||||||||||||||
| Market performance | ($10212) | $14445 | $12123 | $10407 | $14095 | $698 | $14445 | $698 | |||||||||||||||||||
| Other2 | ($705) | ($585) | $155484 | ($656) | ($1024) | ($663) | ($585) | ($663) | |||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | |||||||||||||||||||
| ($18336) | $00 | $00 | $00 | $00 | $1249 | $00 | $00 | ||||||||||||||||||||
| $00 | $00 | $00 | $00 | $00 | $00 | $00 | $00 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Domestic Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $44591 | $43354 | $45745 | $111649 | $115133 | $120233 | $43354 | $120233 | ||||||||||||||||||
| Inflows | 2571 | 3754 | 4585 | 8151 | 7646 | 13869 | 3754 | 13869 | 8339 | 16490 | 24136 | |||||||||||||||
| Outflows | (4545) | (4032) | (4690) | (8631) | (8960) | (10113) | (4032) | (10113) | (8722) | (17353) | (26313) | |||||||||||||||
| Net Flows | (1974) | (278) | (105) | (480) | (1314) | 3756 | (278) | 3756 | ||||||||||||||||||
| Market performance | 624 | 2573 | 3285 | 4239 | 6662 | 1006 | 2573 | 1006 | 5858 | 10097 | 16759 | |||||||||||||||
| Other 2 | 113 | 96 | 62724 | (275) | (248) | 169 | 96 | 169 | 62820 | 62545 | 62297 | |||||||||||||||
| Ending Balance | $43354 | $45745 | $111649 | $115133 | $120233 | $125164 | $45745 | $125164 | ||||||||||||||||||
| International Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $96406 | $83003 | $91969 | $101510 | $105954 | $112960 | $83003 | $112960 | ||||||||||||||||||
| Inflows | 7026 | 7882 | 8130 | 6828 | 6257 | 8537 | 7882 | 8537 | 16012 | 22840 | 29097 | |||||||||||||||
| Outflows | (10098) | (8884) | (7220) | (6202) | (4716) | (8875) | (8884) | (8875) | (16104) | (22306) | (27022) | |||||||||||||||
| Net Flows | (3072) | (1002) | 910 | 626 | 1541 | (338) | (1002) | (338) | ||||||||||||||||||
| Market performance | (9932) | 10220 | 7828 | 3800 | 5624 | 111 | 10220 | 111 | 18048 | 21848 | 27472 | |||||||||||||||
| Other 2 | (399) | (252) | 803 | 18 | (159) | (60) | (252) | (60) | 551 | 569 | 410 | |||||||||||||||
| Ending Balance | $83003 | $91969 | $101510 | $105954 | $112960 | $112673 | $91969 | $112673 | ||||||||||||||||||
| Total Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $92227 | $126357 | $137714 | $213159 | $221087 | $233193 | $126357 | $233193 | ||||||||||||||||||
| Inflows | 10228 | 11636 | 12715 | 14979 | 13903 | 22406 | 11636 | 22406 | ||||||||||||||||||
| Outflows | (10693) | (12916) | (11910) | (14833) | (13676) | (18988) | (12916) | (18988) | ||||||||||||||||||
| Net Flows | (465) | (1280) | 805 | 146 | 227 | 3418 | (1280) | 3418 | ||||||||||||||||||
| Market performance | 4371 | 12793 | 11113 | 8039 | 12286 | 1117 | 12793 | 1117 | ||||||||||||||||||
| Other 2 | 273 | (156) | 63527 | (257) | (407) | 109 | (156) | 109 | ||||||||||||||||||
| Ending Balance | $96406 | $137714 | $213159 | $221087 | $233193 | $237837 | $137714 | $237837 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||||
| Alternative Funds2 | ||||||||||||||||||||||||||
| Beginning balance | $18578 | $16822 | $16103 | $16030 | $15361 | $14618 | $16822 | $14618 | ||||||||||||||||||
| Inflows | 1023 | 1331 | 1224 | 738 | 652 | 715 | 1331 | 715 | 2984 | 4143 | 5153 | |||||||||||||||
| Outflows | (2155) | (2120) | (1402) | (1646) | (1573) | (1592) | (2120) | (1592) | (4239) | (5586) | (7699) | |||||||||||||||
| Net Flows | (1132) | (789) | (178) | (908) | (921) | (877) | (789) | (877) | ||||||||||||||||||
| Market performance | (491) | 180 | 264 | 291 | 399 | (807) | 180 | (807) | 1447 | 1139 | 670 | |||||||||||||||
| Other 13 | (133) | (110) | (159) | (52) | (221) | (31) | (110) | (31) | (4935) | (4940) | (5074) | |||||||||||||||
| Ending Balance | $16822 | $16103 | $16030 | $15361 | $14618 | $12903 | $16103 | $12903 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Institutional Accounts | ||||||||||||||||||||||||||
| Beginning balance | $49200 | $54927 | $57113 | $206391 | $206305 | $208159 | $54927 | $208159 | ||||||||||||||||||
| Inflows | 6125 | 2777 | 3571 | 4399 | 6097 | 4230 | 2777 | 4230 | 6348 | 10747 | 16844 | |||||||||||||||
| Outflows | (2072) | (1919) | (6121) | (8937) | (10004) | (16497) | (1919) | (16497) | (8040) | (16977) | (26981) | |||||||||||||||
| Net Flows | 4053 | 858 | (2550) | (4538) | (3907) | (12267) | 858 | (12267) | ||||||||||||||||||
| Market performance | 564 | 1383 | 1681 | 4511 | 5819 | (1727) | 1383 | (1727) | 3064 | 7575 | 13394 | |||||||||||||||
| Other 1 | (51) | (55) | 150147 | (59) | (58) | (53) | (55) | (53) | 150092 | 150033 | 149975 | |||||||||||||||
| Ending Balance | $53766 | $57113 | $206391 | $206305 | $208159 | $194112 | $57113 | $194112 | ||||||||||||||||||
| Structured Products | ||||||||||||||||||||||||||
| Beginning balance | $6697 | $6131 | $6020 | $28998 | $33600 | $32988 | $6131 | $32988 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | 4743 | -0 | 3836 | -0 | 3836 | -0 | 4743 | 4743 | |||||||||||||||
| Outflows | (452) | (167) | (2240) | (556) | (495) | -0 | (167) | -0 | (2407) | (2963) | (3458) | |||||||||||||||
| Net Flows | (452) | (167) | (2240) | 4187 | (495) | 3836 | (167) | 3836 | ||||||||||||||||||
| Market performance | 39 | 103 | 135 | 371 | 48 | 379 | 103 | 379 | 238 | 609 | 657 | |||||||||||||||
| Other 1 | (46) | (47) | 25083 | 44 | (165) | (157) | (47) | (157) | 25036 | 25080 | 24915 | |||||||||||||||
| Ending Balance | $6238 | $6020 | $28998 | $33600 | $32988 | $37046 | $6020 | $37046 | ||||||||||||||||||
| Total Long-Term | $447059 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||||
| Liquidity | ||||||||||||||||||||||||||
| Beginning balance | - | $ - | $ - | $35706 | $34314 | $21287 | $ - | $21287 | ||||||||||||||||||
| Inflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Outflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Net Flows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Market performance | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Other 1 | - | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | 35706 | 34314 | 21287 | |||||||||||||||
| Ending Balance | - | $ - | $35706 | $34314 | $21287 | $16416 | $ - | $16416 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Intermediary Sold Managed Accounts | ||||||||||||||||||||||||||
| Beginning balance | $44627 | $54035 | $60352 | $90452 | $95777 | $102607 | $54035 | $102607 | ||||||||||||||||||
| Inflows | 4180 | 4809 | 5003 | 5415 | 5515 | 5763 | 4809 | 5763 | 9812 | 15227 | 20742 | |||||||||||||||
| Outflows | (1026) | (1640) | (2140) | (4097) | (4558) | (5574) | (1640) | (5574) | (3780) | (7877) | (12435) | |||||||||||||||
| Net Flows | 3154 | 3169 | 2863 | 1318 | 957 | 189 | 3169 | 189 | ||||||||||||||||||
| Market performance | 1108 | 3148 | 2331 | 4007 | 5873 | 2556 | 3148 | 2556 | 5479 | 9486 | 15359 | |||||||||||||||
| Other 1 | -0 | -0 | 24906 | -0 | -0 | -0 | -0 | -0 | 24906 | 24906 | 24906 | |||||||||||||||
| Ending Balance | $48889 | $60352 | $90452 | $95777 | $102607 | $105352 | $60352 | $105352 | ||||||||||||||||||
| Private Client | ||||||||||||||||||||||||||
| Beginning balance | $29445 | $30700 | $32769 | $33059 | $34795 | $36761 | $30700 | $36761 | ||||||||||||||||||
| Inflows | 981 | 2083 | 1559 | 1629 | 1290 | 1250 | 2083 | 1250 | 3642 | 5271 | 6561 | |||||||||||||||
| Outflows | (794) | (1339) | (2417) | (704) | (567) | (2291) | (1339) | (2291) | (3756) | (4460) | (5027) | |||||||||||||||
| Net Flows | 187 | 744 | (858) | 925 | 723 | (1041) | 744 | (1041) | ||||||||||||||||||
| Market performance | 791 | 1390 | 1085 | 776 | 1351 | (949) | 1390 | (949) | 2475 | 3251 | 4602 | |||||||||||||||
| Other 1 | (64) | (65) | 63 | 35 | (108) | -0 | (65) | -0 | (02) | 33 | (75) | |||||||||||||||
| Ending Balance | $30359 | $32769 | $33059 | $34795 | $36761 | $34771 | $32769 | $34771 | ||||||||||||||||||
| Total Retail Separate Accounts | ||||||||||||||||||||||||||
| Beginning balance | $74072 | $84735 | $93121 | $123511 | $130572 | $139368 | $84735 | $139368 | ||||||||||||||||||
| Inflows | 5161 | 6892 | 6562 | 7044 | 6805 | 7013 | 6892 | 7013 | ||||||||||||||||||
| Outflows | (1820) | (2979) | (4557) | (4801) | (5125) | (7865) | (2979) | (7865) | ||||||||||||||||||
| Net Flows | 3341 | 3913 | 2005 | 2243 | 1680 | (852) | 3913 | (852) | ||||||||||||||||||
| Market performance | 1899 | 4538 | 3416 | 4783 | 7224 | 1607 | 4538 | 1607 | ||||||||||||||||||
| Other 1 | (64) | (65) | 24969 | 35 | (108) | -0 | (65) | -0 | ||||||||||||||||||
| Ending Balance | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | $93121 | $140123 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Closed-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $69596 | $67574 | $68143 | $67072 | $67354 | $66662 | $67574 | $66662 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |||||||||||||||
| Outflows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | (1128) | (1128) | (1128) | |||||||||||||||
| Net Flows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | ||||||||||||||||||
| Market performance | (633) | 2808 | 164 | 1244 | 228 | (4061) | 2808 | (4061) | 2972 | 4216 | 4444 | |||||||||||||||
| Other 1 | (90) | (1423) | (923) | (962) | (920) | (1274) | (1423) | (1274) | (2346) | (3308) | (4228) | |||||||||||||||
| Ending Balance | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | $68143 | $61327 | ||||||||||||||||||
| Exchange Traded Funds | ||||||||||||||||||||||||||
| Beginning balance | $3994 | $5968 | $8633 | $9688 | $9557 | $10392 | $5968 | $10392 | ||||||||||||||||||
| Inflows | 669 | 2657 | 1851 | 1041 | 1777 | 1395 | 2657 | 1395 | 4508 | 5549 | 7326 | |||||||||||||||
| Outflows | (196) | (230) | (513) | (289) | (494) | (632) | (230) | (632) | (743) | (1032) | (1526) | |||||||||||||||
| Net Flows | 473 | 2427 | 1338 | 752 | 1283 | 763 | 2427 | 763 | ||||||||||||||||||
| Market performance | 194 | 346 | (85) | 42 | (88) | (775) | 346 | (775) | 261 | 303 | 215 | |||||||||||||||
| Other 1 | (55) | (108) | (198) | (925) | (360) | (578) | (108) | (578) | (306) | (1231) | (1591) | |||||||||||||||
| Ending Balance | $4606 | $8633 | $9688 | $9557 | $10392 | $9802 | $8633 | $9802 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Retail Funds | ||||||||||||||||||||||||||
| Beginning balance | $238549 | $224521 | $237104 | $404210 | $413254 | $419499 | $224521 | $419499 | $224521 | |||||||||||||||||
| Inflows | 18693 | 20163 | 22173 | 28215 | 26190 | 37542 | 20163 | 37542 | 42336 | 70551 | 96741 | |||||||||||||||
| Outflows | (20935) | (20950) | (22360) | (28369) | (32366) | (36175) | (20950) | (36175) | (43310) | (71679) | (104045) | |||||||||||||||
| Net Flows | (2242) | (787) | (187) | (154) | (6176) | 1367 | (787) | 1367 | ||||||||||||||||||
| Market performance | 6990 | 13954 | 11679 | 9854 | 13694 | 645 | 13954 | 645 | 25633 | 35487 | 49181 | |||||||||||||||
| Other 1 | (270) | (584) | 155614 | (656) | (1273) | (584) | (584) | (584) | 155030 | 154374 | 153101 | |||||||||||||||
| Ending Balance | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | $237104 | $420927 | ||||||||||||||||||
| UCITS2 | ||||||||||||||||||||||||||
| Beginning balance | $471 | $489 | $576 | $666 | $794 | $1223 | $489 | $1223 | $489 | |||||||||||||||||
| Inflows | 49 | 96 | 232 | 135 | 219 | 193 | 96 | 193 | 328 | 463 | 682 | |||||||||||||||
| Outflows | (31) | (16) | (19) | (22) | (50) | (69) | (16) | (69) | (35) | (57) | (107) | |||||||||||||||
| Net Flows | 18 | 80 | 213 | 113 | 169 | 124 | 80 | 124 | ||||||||||||||||||
| Market performance | 01 | 08 | 08 | 16 | 11 | (03) | 08 | (03) | 16 | 32 | 43 | |||||||||||||||
| Other 1 | (01) | (01) | (131) | (01) | 249 | (72) | (01) | (72) | (132) | (133) | 116 | |||||||||||||||
| Ending Balance | $489 | $576 | $666 | $794 | $1223 | $1272 | $576 | $1272 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Variable Insurance Funds | ||||||||||||||||||||||||||
| Beginning balance | $9637 | $9318 | $9488 | $9652 | $9929 | $10054 | $9318 | $10054 | $9318 | |||||||||||||||||
| Inflows | 70 | 68 | 134 | 75 | 69 | 101 | 68 | 101 | 202 | 277 | 346 | |||||||||||||||
| Outflows | (400) | (381) | (407) | (336) | (334) | (378) | (381) | (378) | (788) | (1124) | (1458) | |||||||||||||||
| Net Flows | (330) | (313) | (273) | (261) | (265) | (277) | (313) | (277) | ||||||||||||||||||
| Market performance | 11 | 483 | 436 | 537 | 390 | 56 | 483 | 56 | 919 | 1456 | 1846 | |||||||||||||||
| Other 1 | -0 | -0 | 01 | 01 | -0 | (07) | -0 | (07) | 01 | 02 | 02 | |||||||||||||||
| Ending Balance | $9318 | $9488 | $9652 | $9929 | $10054 | $9826 | $9488 | $9826 | ||||||||||||||||||
| Subtotal ndash Open-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | ||||||||||||||||||
| Inflows | 16423 | 20327 | 22539 | 28425 | 26478 | 37836 | 20327 | 37836 | ||||||||||||||||||
| Outflows | (23842) | (21347) | (22786) | (28727) | (32750) | (36622) | (21347) | (36622) | ||||||||||||||||||
| Net Flows | (7419) | (1020) | (247) | (302) | (6272) | 1214 | (1020) | 1214 | ||||||||||||||||||
| Market performance | (10212) | 14445 | 12123 | 10407 | 14095 | 698 | 14445 | 698 | ||||||||||||||||||
| Other 1 | (705) | (585) | 155484 | (656) | (1024) | (663) | (585) | (663) | ||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| 2016 | 2016 | 2016 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Long-term | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $850188 | $871365 | $888345 | $453663 | $888345 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 354562 | (2523) | (2635) | (2725) | (2283) | (2725) | 352279 | 349756 | 347121 | |||||||||||||
| Ending Balance - Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||
| ERRORREF | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Total | ||||||||||||||||||||||||
| Beginning balance - liquidity | $- | $- | $35706 | $34314 | $21287 | $- | $21287 | |||||||||||||||||
| Change in liquidity | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | |||||||||||||||||
| Ending Balance - Liquidity | - | 35706 | 34314 | 21287 | 16416 | - | 16416 | |||||||||||||||||
| Ending Balance - Total | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | |||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| All Product Flows - Total | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $885894 | $905679 | $909632 | $453663 | $909632 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 390268 | (3915) | (15662) | (7596) | (2283) | (7596) | 387985 | 384070 | 368408 | |||||||||||||
| Ending Balance | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | ||||||||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmScenario | Actuals | ||||
| Q4 2017 | |||||
| Investment management fees as adjusted | Total Products - Non-GAAP | ERRORNAME | |||
| Investment management fees as adjusted | Total Products - ex Liquidity | ERRORNAME | |||
| Investment management fees as adjusted | None | ERRORNAME | |||
| Investment management fees as adjusted | Closed-end Fund | ERRORNAME | |||
| Investment management fees as adjusted | Kayne Rep Revenue | ERRORNAME | |||
| Investment management fees as adjusted | ETF | ERRORNAME | |||
| Investment management fees as adjusted | Open-End Mutual Fund Reported | ERRORNAME | |||
| Investment management fees as adjusted | Open-end Mutual Fund | ERRORNAME | |||
| Investment management fees as adjusted | Variable Products | ERRORNAME | |||
| Investment management fees as adjusted | UCIT | ERRORNAME | |||
| Investment management fees as adjusted | Institutional Reported | ERRORNAME | |||
| Investment management fees as adjusted | Institutional | ERRORNAME | |||
| Investment management fees as adjusted | Structured Product | ERRORNAME | |||
| Investment management fees as adjusted | Separately Managed Accounts Reported | ERRORNAME | |||
| Investment management fees as adjusted | Managed Accounts | ERRORNAME | |||
| Investment management fees as adjusted | VIA Wrap -Trend (3100) | ERRORNAME | |||
| Investment management fees as adjusted | Rampart SMA (5675) | ERRORNAME | |||
| Investment management fees as adjusted | Euclid International (6200) | ERRORNAME | |||
| Investment management fees as adjusted | Intermediary Sponsored Separate Accts (5692) | ERRORNAME | |||
| Investment management fees as adjusted | Liquidity | ERRORNAME | |||
| Average Net Management Fees1 | |||||
| (in basis points annualized) | |||||
| Open-End Funds2 | ERRORNAME | ||||
| Variable Insurance Funds | ERRORNAME | ||||
| Total Open-End Funds | |||||
| Closed-End Funds | ERRORNAME | ||||
| Exchange Traded Funds | ERRORNAME | ||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||
| High Net Worth | |||||
| Total Retail Separate Accounts | |||||
| Institutional Accounts | ERRORNAME | ||||
| Structured Products4 | ERRORNAME | ||||
| Total Long-Term Assets | |||||
| Liquidity | ERRORNAME | ||||
| Total | |||||
| CUBE | tm1AUM | ||||||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||||||
| Jan 2017 | Feb 2017 | Mar 2017 | Apr 2017 | May 2017 | Jun 2017 | Jul 2017 | Aug 2017 | Sep 2017 | Oct 2017 | Nov 2017 | Dec 2017 | ||||||||||||||||
| Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | ||||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| International Equity Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Fixed Income Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Non-Taxable Bond Open-End Mutual FUnd | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Days in Month | 31 | 28 | 31 | 30 | 31 | 30 | 31 | 31 | 30 | 31 | 30 | 31 | |||||||||||||||
| 00849315068 | 00767123288 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | ||||||||||||||||
| Average Assets by Product3 | QTD | YTD | |||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ||||||||||||||||||||||||||
| Variable Insurance Funds | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Open-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Exchange Traded Funds | ERRORNAME | ||||||||||||||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||||||||||||||||||||||||
| High Net Worth | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Retail Separate Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Structured Products | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Long-Term Assets | |||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ||||||||||||||||||||||||||
| Total | |||||||||||||||||||||||||||
| Average Assets by Product3 | |||||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Variable Insurance Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Open-End Funds | - 0 | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Exchange Traded Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Retail Separate Accounts | - 0 | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Structured Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Long-Term Assets | - 0 | ||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total | - 0 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Net Management Fees1 | |||||||||||||||||||||
| (in basis points annualized) | |||||||||||||||||||||
| Retail Funds | 497 | 502 | 505 | 477 | 498 | 502 | 502 | 502 | |||||||||||||
| UCITS2 | 324 | 103 | 154 | 279 | - 0 | - 0 | 103 | - 0 | |||||||||||||
| Variable Insurance Funds | 618 | 612 | 601 | 590 | 658 | 653 | 612 | 653 | |||||||||||||
| Total Open-End Funds | 501 | 505 | 507 | 479 | 501 | 503 | 505 | 503 | |||||||||||||
| Closed-End Funds | 659 | 662 | 658 | 660 | 660 | 663 | 662 | 663 | |||||||||||||
| Exchange Traded Funds | 324 | 317 | 272 | 270 | 157 | 182 | 317 | 182 | |||||||||||||
| Intermediary Sold Managed Accounts | 413 | 409 | 381 | 362 | 358 | 370 | 409 | 370 | |||||||||||||
| Private Client | 711 | 768 | 740 | 749 | 746 | 772 | 768 | 772 | |||||||||||||
| Total Retail Separate Accounts | 532 | 539 | 497 | 466 | 461 | 476 | 539 | 476 | |||||||||||||
| Institutional Accounts | 370 | 372 | 327 | 310 | 312 | 318 | 372 | 318 | |||||||||||||
| Structured Products3 | 763 | 335 | 335 | 471 | 388 | 392 | 335 | 392 | |||||||||||||
| Total Long-Term Assets | 518 | 513 | 483 | 448 | 454 | 460 | 513 | 460 | |||||||||||||
| Liquidity4 | - 0 | - 0 | 114 | 60 | 85 | 118 | - 0 | 118 | |||||||||||||
| Total | 518 | 513 | 475 | 434 | 439 | 453 | 513 | 453 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Assets by Product1 | |||||||||||||||||||||
| Retail Funds | $241740 | $231507 | $296253 | $410279 | $417448 | $426078 | $231507 | $426078 | |||||||||||||
| UCITS2 | 4260 | 538 | 591 | 720 | 930 | 1281 | 538 | 1281 | |||||||||||||
| Variable Insurance Funds | 9759 | 9531 | 9672 | 9810 | 10023 | 10155 | 9531 | 10155 | |||||||||||||
| Total ndash Open-End Funds | $251499 | $241576 | $306516 | $420809 | $428401 | $437514 | $241576 | $437514 | |||||||||||||
| Closed-End Funds | $68534 | $67861 | $68096 | $67581 | $67260 | $63461 | $67861 | $63461 | |||||||||||||
| Exchange Traded Funds | 4260 | $7592 | $9008 | $9450 | $9583 | $10457 | $7592 | $10457 | |||||||||||||
| Intermediary Sold Managed Accounts | 44690 | $53936 | $68667 | $90396 | $95724 | $102472 | $53936 | $102472 | |||||||||||||
| Private Client | 29446 | 30700 | 32770 | 33059 | 34795 | 36761 | 30700 | 36761 | |||||||||||||
| Total ndash Retail Separate Accounts | $74136 | $84636 | $101437 | $123455 | $130519 | $139233 | $84636 | $139233 | |||||||||||||
| Institutional Accounts | $50442 | $56032 | $107951 | $207286 | $209331 | $201658 | $56032 | $201658 | |||||||||||||
| Structured Products | 6434 | 6033 | 13929 | 31111 | 33040 | 36191 | 6033 | 36191 | |||||||||||||
| Total ndash Long-Term Assets | $455305 | $463730 | $606937 | $859692 | $878134 | $888514 | $463730 | $888514 | |||||||||||||
| Liquidity3 | -0 | $00 | $13286 | $33311 | $36351 | $17876 | $00 | $17876 | |||||||||||||
| Total | $455305 | $463730 | $620223 | $893003 | $914485 | $906390 | $463730 | $906390 | |||||||||||||
| CUBE | tm1AUM | ||||
| bpmScenario | Actuals | ||||
| AUM Brand | Consolidated Corporate | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Ending Assets Under Management | Ending Assets Under Management | ||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | |||
| Closed-end Fund | ERRORNAME | ERRORNAME | |||
| NAClosed-end Fund | ERRORNAME | ERRORNAME | |||
| VIPX601 - Virtus Total Return Fund Inc | ERRORNAME | ERRORNAME | |||
| VIPHG30 - Virtus Global Multi-Sector Income Fund | ERRORNAME | ERRORNAME | |||
| VIPHG90 - Duff amp Phelps Select Energy MLP Fund | ERRORNAME | ERRORNAME | |||
| ETF | ERRORNAME | ERRORNAME | |||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | |||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | |||
| Variable Products | ERRORNAME | ERRORNAME | |||
| UCIT | ERRORNAME | ERRORNAME | |||
| Institutional Reported | ERRORNAME | ERRORNAME | |||
| Institutional | ERRORNAME | ERRORNAME | |||
| Structured Product | ERRORNAME | ERRORNAME | |||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | |||
| High Net Worth | ERRORNAME | ERRORNAME | |||
| Managed Accounts | ERRORNAME | ERRORNAME | |||
| Liquidity | ERRORNAME | ERRORNAME | |||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets by Product | ||||||||||||||||
| Retail Funds | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | ||||||||||
| UCITS1 | 4606 | 576 | 666 | 794 | 1223 | 1272 | ||||||||||
| Variable Insurance Funds | 9637 | 9488 | 9652 | 9929 | 10054 | 9826 | ||||||||||
| Total ndash Open-End Funds | $252664 | $247168 | $414528 | $423977 | $430776 | $432025 | ||||||||||
| Closed-End Funds | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | ||||||||||
| Exchange Traded Funds | 4606 | $8633 | $9688 | $9557 | $10392 | $9802 | ||||||||||
| Intermediary Sold Managed Accounts | 48889 | $60352 | $90452 | $95777 | $102607 | $105352 | ||||||||||
| Private Client | 30359 | 32769 | 33059 | 34795 | 36761 | 34771 | ||||||||||
| Total ndash Retail Separate Accounts | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | ||||||||||
| Institutional Accounts | $53766 | 57113 | 206391 | 206305 | 208159 | 194112 | ||||||||||
| Structured Products | 6238 | 6020 | 28998 | 33600 | 32988 | 37046 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Liquidity2 | -0 | $00 | $35706 | $34314 | $21287 | $16416 | ||||||||||
| Total | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | ||||||||||
| Assets by Asset Class | ||||||||||||||||
| Equity | $266695 | $279905 | $416726 | $431479 | $457798 | $458928 | ||||||||||
| of total | 573 | 583 | 490 | 495 | 515 | 525 | ||||||||||
| Fixed Income2 | 157568 | 159087 | 391021 | 397417 | 387400 | 379992 | ||||||||||
| of total | 339 | 331 | 460 | 456 | 436 | 434 | ||||||||||
| Alternatives3 | 41132 | 41206 | 42441 | 42469 | 43147 | 35515 | ||||||||||
| of total | 88 | 86 | 50 | 49 | 49 | 41 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Should be 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | ||||||||||
| Should be $00 | $00 | ($00) | $35706 | $38267 | $2506 | ($394237) | ||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmProduct | Total Products - GAAP | ||||
| bpmScenario | Actuals | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Balance Sheet | ERRORNAME | ERRORNAME | |||
| Asset | ERRORNAME | ERRORNAME | |||
| Cash and Equivalents | ERRORNAME | ERRORNAME | |||
| Cash of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | |||
| Investments | ERRORNAME | ERRORNAME | |||
| Investments - Corporate Holdings | ERRORNAME | ERRORNAME | |||
| Investments - Long Term | ERRORNAME | ERRORNAME | |||
| Investments - Seed Capital | ERRORNAME | ERRORNAME | |||
| Investments - CLO | ERRORNAME | ERRORNAME | |||
| Cash pledged or on deposit of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Accounts receivable net | ERRORNAME | ERRORNAME | |||
| Other assets | ERRORNAME | ERRORNAME | |||
| Furniture equipment and leasehold improvements net | ERRORNAME | ERRORNAME | |||
| Intangible assets net | ERRORNAME | ERRORNAME | |||
| Goodwill | ERRORNAME | ERRORNAME | |||
| Investment in subsidiary | ERRORNAME | ERRORNAME | |||
| Investments of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Cash and cash equivalents of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Other assets of consolidated sponsored investment products and consolidated investment product | ERRORNAME | ERRORNAME | |||
| Deferred Tax Asset | ERRORNAME | ERRORNAME | |||
| Total Liabilities and equity | ERRORNAME | ERRORNAME | |||
| Liability | ERRORNAME | ERRORNAME | |||
| Accounts payable and accrued liabilities | ERRORNAME | ERRORNAME | |||
| Accrued compensation amp benefits | ERRORNAME | ERRORNAME | |||
| Other liabilities | ERRORNAME | ERRORNAME | |||
| Debt | ERRORNAME | ERRORNAME | |||
| Unearned Revenue | ERRORNAME | ERRORNAME | |||
| Dividend Payable | ERRORNAME | ERRORNAME | |||
| Deferred Tax Liability Net | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Debt of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Contingent Consideration | ERRORNAME | ERRORNAME | |||
| Equity | ERRORNAME | ERRORNAME | |||
| Redeemable non-controlling interest | ERRORNAME | ERRORNAME | |||
| Contributed capital of consolidated investment product | ERRORNAME | ERRORNAME |
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | ||||||||
| Liabilities and Equity | |||||||||||||
| Liabilities | |||||||||||||
| Accrued compensation and benefits | $37813 | $16519 | $51978 | $69833 | $86658 | $27471 | |||||||
| Accounts payable and accrued liabilities | 21429 | 30365 | 29167 | 31677 | 29607 | 28214 | |||||||
| Dividends payable | 4117 | 5991 | 6173 | 6318 | 6528 | 6479 | |||||||
| Other liabilities | 13619 | 13702 | 18280 | 18356 | 39895 | 48476 | |||||||
| Contingent consideration | - | - | 51690 | 51690 | - | - | |||||||
| Debt | - | - | 248111 | 248540 | 248320 | 245402 | |||||||
| Total liabilities | $76978 | $66577 | $405399 | $426414 | $411008 | $356042 | |||||||
| Equity | |||||||||||||
| Equity attributable to stockholders | $469799 | $552388 | $573602 | $584209 | $588541 | $608792 | |||||||
| Noncontrolling interests | 0 | - | - | - | - | - | |||||||
| Total liabilities and equity | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | |||||||
| Working capital2 | $150414 | $224848 | $49119 | $68017 | $76339 | $82868 | |||||||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets | ||||||||||||||||
| Cash and cash equivalents | $165421 | $235930 | $127571 | $164867 | $132150 | $80765 | adjusted (5) to align with reported BS | |||||||||
| Investments ndash seed capital | 179105 | 174810 | 104076 | 108511 | 118443 | 115848 | ||||||||||
| Investments ndash other | 38385 | 30714 | 91739 | 92676 | 112105 | 136821 | ||||||||||
| Investments ndash long term | 13689 | 15472 | 18325 | 18309 | 18729 | 20014 | ||||||||||
| Accounts receivable net | 37409 | 38169 | 60557 | 62668 | 66982 | 64267 | adjusted (5) to align with reported BS | |||||||||
| Furniture equipment and leasehold improvements net | 7865 | 7263 | 12295 | 11557 | 10833 | 11396 | ||||||||||
| Intangible assets net | 39030 | 38194 | 312081 | 307017 | 301954 | 296918 | ||||||||||
| Goodwill | 6788 | 6788 | 171170 | 170153 | 170153 | 170153 | ||||||||||
| Deferred taxes net | 44623 | 45716 | 54655 | 49002 | 32428 | 31875 | ||||||||||
| Other assets | 14462 | 25909 | 26532 | 25863 | 35772 | 36777 | ||||||||||
| Total assets | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | ||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Total Cost Codes | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Revenue | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment Management Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Restructuring amp Severance | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Intangible Asset Amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income Net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest and Dividend Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest income of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44820 - CLO Interest income - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64506 - CLO Interest expense - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64000 - Corporate Cost Allocations | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Effective Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense - Discrete Items | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Allocation of earnings to preferred stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | $961 | $297 | $1287 | $1367 | $22 | $438 | $297 | $438 | 1584 | 2951 | 2973 | ||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | 3680 | 4444 | (1424) | 13465 | (2932) | 2259 | 4444 | 2259 | 3020 | 16485 | 13553 | ||||||||||||||||||
| Other income (expense) net | 250 | 646 | 47 | 436 | 506 | 1319 | 646 | 1319 | 693 | 1129 | 1635 | ||||||||||||||||||
| Total other income (expense) net | $4891 | $5387 | ($90) | $15268 | ($2404) | $4016 | $5387 | $4016 | 5297 | 20565 | 18161 | ||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest expense | ($128) | ($243) | ($3739) | ($4116) | ($3909) | ($3858) | ($243) | ($3858) | (3982) | (8098) | (12007) | ||||||||||||||||||
| Interest and dividend income | 221 | 188 | 446 | 679 | 847 | 721 | 188 | 721 | 634 | 1313 | 2160 | ||||||||||||||||||
| Interest and dividend income of consolidated investment products | 5411 | 5656 | 5102 | 17778 | 20787 | 21403 | 5656 | 21403 | 10758 | 28536 | 49323 | 9446 DAlessandro Parul DAlessandro Parul Doesnrsquot agree to what was reported in 62016 | |||||||||||||||||
| Interest expense of consolidated investment products | (3788) | (2857) | (2995) | (16249) | (13142) | (14549) | (2857) | (14549) | (5852) | (22101) | (35243) | (6401) | |||||||||||||||||
| Total interest income (expense) net | $1716 | $2744 | ($1186) | ($1908) | $4583 | $3717 | $2744 | $3717 | 1558 | (350) | 4233 | ||||||||||||||||||
| Income (Loss) Before Income Taxes | $23145 | $18178 | $1908 | $30149 | $30194 | $30350 | $18178 | $30350 | 20086 | 50235 | 80429 | ||||||||||||||||||
| Income tax expense (benefit) | 6869 | 4433 | 1880 | 9626 | 24551 | 6523 | 4433 | 6523 | 6313 | 15939 | 40490 | ||||||||||||||||||
| Net Income (Loss) | $16276 | $13745 | $28 | $20523 | $5643 | $23827 | $13745 | $23827 | 13773 | 34296 | 39939 | ||||||||||||||||||
| Noncontrolling interests | (651) | (718) | (333) | (1731) | (145) | (527) | (718) | (527) | (1051) | (2782) | (2927) | ||||||||||||||||||
| Net Income (Loss) Attributable to Stockholders | $15625 | $13027 | ($305) | $18792 | $5498 | $23300 | $13027 | $23300 | 12722 | 31514 | 37012 | ||||||||||||||||||
| Preferred stockholder dividends | - | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (4168) | (6252) | (8336) | ||||||||||||||||||
| Net Income (Loss) Attributable to Common Stockholders | $15625 | $10943 | ($2389) | $16708 | $3414 | $21216 | $10943 | $21216 | 8554 | 25262 | 28676 | ||||||||||||||||||
| Rows 14 and 15 | 41 | 1632 | 1474 | (3086) | (3086) | 1907 | 41 | (1612) | |||||||||||||||||||||
| -2390 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||
| Revenues | |||||||||||||||||||||||||
| Investment management fees | $60398 | $59271 | $74062 | $97295 | $100447 | $100476 | $59271 | $100476 | 133333 | 230628 | 331075 | ||||||||||||||
| Distribution and service fees | 12116 | 10783 | 10439 | 11482 | 11618 | 12607 | 10783 | 12607 | 21222 | 32704 | 44322 | ||||||||||||||
| Administration and shareholder service fees | 9588 | 8981 | 9476 | 14699 | 15840 | 15738 | 8981 | 15738 | 18457 | 33156 | 48996 | ||||||||||||||
| Other income and fees | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||
| Total revenues | $82324 | $79776 | $94132 | $123675 | $128024 | $129028 | $79776 | $129028 | 173908 | 297583 | 425607 | ||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||
| Employment expenses | $33142 | $39641 | $42992 | $54159 | $54602 | $60696 | $39641 | $60696 | 82633 | 136792 | 191394 | ||||||||||||||
| Distribution and other asset-based expenses | 17380 | 15323 | 15764 | 20552 | 20348 | 22291 | 15323 | 22291 | 31087 | 51639 | 71987 | ||||||||||||||
| Other operating expenses | 11392 | 13226 | 20236 | 17733 | 18215 | 16862 | 13226 | 16862 | 33462 | 51195 | 69410 | ||||||||||||||
| Other operating expenses of consolidated investment products | 635 | 642 | 473 | 6757 | 659 | 511 | 642 | 511 | |||||||||||||||||
| Restructuring and severance | 1879 | - | 8894 | 1584 | 102 | - | - | - | 8894 | 10478 | 10580 | ||||||||||||||
| Depreciation expense | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||
| Amortization expense | 604 | 233 | 1813 | 5063 | 5064 | 5036 | 233 | 5036 | 2046 | 7109 | 12173 | ||||||||||||||
| Total operating expenses | $65786 | $69729 | $90948 | $106886 | $100009 | $106411 | $69729 | $106411 | 160677 | 267563 | 367572 | ||||||||||||||
| Operating Income (Loss) | $16538 | $10047 | $3184 | $16789 | $28015 | $22617 | $10047 | $22617 | 13231 | 30020 | 58035 | ||||||||||||||
| operating margin | 109 | 201 | 160 | 126 | 126 | 175 | |||||||||||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Consolidated ex CSIPs | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - Non-GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Revenues as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Dividend Income - Corporate Holdings | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44801 - Other Inc - Distribution | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 65315 - Foreign Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income - Forex | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||||
| Other Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net as adjusted | $51 | $ - | $ - | $ - | $ - | ($198) | $ - | ($198) | 89 | 140 | 141 | - 0 | - 0 | - 0 | |||||||||||||||||||
| Other income net as adjusted | 250 | 646 | 46 | 436 | 506 | 1319 | 646 | 1319 | 213 | 463 | 1089 | 692 | 1128 | 1634 | |||||||||||||||||||
| Total other income (expense) as adjusted | $301 | $646 | $46 | $436 | $506 | $1121 | $646 | $1121 | 302 | 603 | 1230 | 692 | 1128 | 1634 | |||||||||||||||||||
| Interest Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Interest expense as adjusted | ($128) | ($243) | ($1453) | ($4116) | ($3909) | ($3818) | ($243) | ($3818) | (261) | (389) | (679) | (1696) | (5812) | (9721) | |||||||||||||||||||
| Interest and dividend income as adjusted | 116 | 115 | 279 | 198 | 258 | 268 | 115 | 268 | 248 | 364 | 446 | 394 | 592 | 850 | |||||||||||||||||||
| Total interest income (expense) net as adjusted | ($12) | ($128) | ($1174) | ($3918) | ($3651) | ($3550) | ($128) | ($3550) | (13) | (25) | (233) | (1302) | (5220) | (8871) | |||||||||||||||||||
| Pre-Tax Income (Loss) As Adjusted | $20581 | $14024 | $21534 | $31709 | $35910 | $30383 | $14024 | $30383 | 32188 | 52769 | 71372 | Q1 2017 Adjustment | 35558 | 67267 | 103177 | ||||||||||||||||||
| Income tax expense (benefit) as adjusted | 7693 | 5407 | 8181 | 12173 | 14035 | 8557 | 5407 | 8557 | 12368 | 20061 | 27064 | Q1 2017 Adjustment | 13588 | 25761 | 39796 | ||||||||||||||||||
| Net Income (Loss) As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | 21970 | 41506 | 63381 | |||||||||||||||||||
| Noncontrolling interests as adjusted | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | ||||||||||||||||||||||
| Net Income Attributable to Common Stockholders As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | ||||||||||||||||||||||
| TM1BpmFinance | ||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||
| Total Cost Codes - Non-GAAP | ||||||||||||||||||||||||||||
| Total Line of Business | ||||||||||||||||||||||||||||
| Total Products - Non-GAAP | Q2 2017 | Q2 2017 | Jun 2016 YTD | Jun 2017 YTD | ||||||||||||||||||||||||
| Original | ||||||||||||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||
| Investment management fees as adjusted | Investment management fees as adjusted | $60551 | $59513 | $74272 | $98402 | $102114 | $102047 | $59513 | $102047 | 133785 | 232187 | 334301 | ||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | 12122 | 10793 | 10446 | 11486 | 11623 | 12611 | 10793 | 12611 | 21239 | 32725 | 44348 | ||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and shareholder service fees as adjusted | 9620 | 9015 | 9495 | 14709 | 15849 | 15739 | 9015 | 15739 | 18510 | 33219 | 49068 | ||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||||
| Distribution and other asset-based expenses as adjusted | Distribution and other asset-based expenses as adjusted | (17380) | (15323) | (15764) | (20552) | (20348) | (22291) | (15323) | (22291) | (31087) | (51639) | (71987) | ||||||||||||||||
| Revenues as adjusted | Total revenues as adjusted | $65135 | $64739 | $78604 | $104244 | $109357 | $108313 | $64739 | $108313 | 143343 | 247587 | 356944 | ||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||
| Employment expenses as adjusted | Employment expenses as adjusted | $33142 | $39641 | $40933 | $51884 | $52593 | $58793 | $39641 | $58793 | 80574 | 132458 | 185051 | ||||||||||||||||
| Other operating expenses as adjusted | Other operating expenses as adjusted | 10947 | 10928 | 14233 | 16131 | 16690 | 15693 | 10928 | 15693 | 25161 | 41292 | 57982 | ||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||||
| Operating Expenses as Adjusted | Total operating expenses as adjusted | $44843 | $51233 | $55942 | $69053 | $70302 | $75501 | $51233 | $75501 | 107175 | 176228 | 246530 | ||||||||||||||||
| Operating Income As Adjusted | Operating Income (Loss) As Adjusted | $20292 | $13506 | $22662 | $35191 | $39055 | $32812 | $13506 | $32812 | 36168 | 71359 | 110414 | ||||||||||||||||
| operating margin | 266 | 312 | 284 | 209 | 357 | 303 | ||||||||||||||||||||||
2
IMPORTANT DISCLOSURES
This presentation contains statements that are or may be considered to be forward-looking statements All statements that are not historical facts including statements about our beliefs or expectations are ldquoforward-looking statementsrdquo within the meaning of The Private Securities Litigation Reform Act of 1995 as amended These statements may be identified by such forward-looking terminology as ldquoexpectrdquo ldquoestimaterdquo intent plan ldquointendrdquo ldquobelieverdquo ldquoanticipaterdquo ldquomayrdquo ldquowillrdquo ldquoshouldrdquo ldquocouldrdquo ldquocontinuerdquo ldquoprojectrdquo ldquoopportunityrdquo ldquopredictrdquo ldquowouldrdquo ldquopotentialrdquo ldquofuturerdquo ldquoforecastrdquo ldquoguaranteerdquo ldquoassumerdquo ldquolikelyrdquo ldquotargetrdquo or similar statements or variations of such terms
Our forward-looking statements are based on a series of expectations assumptions and projections about our company and the markets in which we operate are not guarantees of future results or performance and involve substantial risks and uncertainty including assumptions and projections concerning our assets under management net asset inflows and outflows operating cash flows business plans and ability to borrow for all future periods All of our forward-looking statements are as of the date of this release only The company can give no assurance that such expectations or forward-looking statements will prove to be correct Actual results may differ materially
Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties including those discussed under ldquoRisk Factorsrdquo and ldquoManagementrsquos Discussion and Analysis of Financial Condition and Results of Operationsrdquo in our 2017 Annual Report on Form 10-K as well as the following risks and uncertainties (a) any reduction in our assets under management (b) withdrawal renegotiation or termination of investment advisory agreements (c) damage to our reputation (d) failure to comply with investment guidelines or other contractual requirements (e) inability to satisfy financial covenants and payments related to our indebtedness (f) inability to attract and retain key personnel (g) challenges from the competition we face in our business (h) adverse regulatory and legal developments (i) unfavorable changes in tax laws or limitations (j) adverse developments related to unaffiliated subadvisers (k) negative implications of changes in key distribution relationships (l) interruptions in or failure to provide critical technological service by us or third parties (m) volatility associated with our common and preferred stock (n) adverse civil litigation and government investigations or proceedings (o) risk of loss on our investments (p) inability to make quarterly common and preferred stock distributions (q) lack of sufficient capital on satisfactory terms (r) losses or costs not covered by insurance (u) impairment of goodwill or intangible assets (v) inability to achieve expected acquisition-related financial benefits and other risks and uncertainties described in our 2017 Annual Report on Form 10-K or in any of our filings with the Securities and Exchange Commission (ldquoSECrdquo)
Certain other factors which may impact our continuing operations prospects financial results and liquidity or which may cause actual results to differ from such forward-looking statements are discussed or included in the companyrsquos periodic reports filed with the SEC and are available on our website at wwwvirtuscom under ldquoInvestor Relationsrdquo You are urged to carefully consider all such factors
The company does not undertake or plan to update or revise any such forward-looking statements to reflect actual results changes in plans assumptions estimates or projections or other circumstances occurring after the date of this presentation even if such results changes or circumstances make it clear that any forward-looking information will not be realized If there are any future public statements or disclosures by us which modify or impact any of the forward-looking statements contained in or accompanying this presentation such statements or disclosures will be deemed to modify or supersede such statements in this presentation
3
AGENDA
Overview of First Quarter
First Quarter Results
Q amp A Session
OVERVIEW OF FIRST QUARTER
5
OVERVIEW OF FIRST QUARTER
See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Assets and Flows
Long-term assets under management decreased $14 billion or 16 sequentially to $874 billion primarily reflecting net outflows and market depreciation
Total sales of $54 billion which included $04 billion of inflows from a new CLO increased $13 billion or 32 sequentially mutual fund sales increased $11 billion or 43
Net outflows of $07 billion reflect positive flows in open-end mutual funds structured products and ETFs more than offset by net outflows in institutional accounts
Non-GAAP Financial Results
Operating income as adjusted of $328 million included $68 million of seasonally higher employment expenses
Operating margin as adjusted of 30 excluding the $68 million adjusted operating margin was 37
Earnings per diluted share as adjusted of $259 reflect seasonally higher employment expenses primarily offset by lower tax expense and an increase in other income as adjusted
Capital Activities Term loan refinancing reduced the interest rate by 125 basis points and increased financial flexibility through
removal of financial maintenance covenant
Added $1050 million of additional term loan capacity to be drawn at closing of SGA transaction
Net debt to Bank EBITDA of 10x increased from 07x sequentially primarily due to lower cash and equivalents resulting from the timing of annual incentive payments
FIRST QUARTER RESULTS
7
$480
$850 $871 $888 $874
$886 $906 $910 $891
33117 63017 93017 123117 33118
ASSETS UNDER MANAGEMENT
Quarterly Trends Commentary
$ in billions 1 Consists of real estate securities master limited partnerships options strategies and other
Sequential decrease in long-term assets of $14 billion or 16 primarily due to net outflows and market depreciation
Change in long-term assets from prior year primarily reflects assets from acquisition and $62 billion of market appreciation
Assets in structured products increased 12 sequentially to $37 billion
Assets diversified by investment style strategy and asset class
Long-Term Liquidity
Equity 583 490 495 515 525
Fixed Income 331 460 456 436 435
Alternatives1 86 50 49 49 40
Long-Term Assets by Asset Class
8
($28)
($61)
$05 ($02) $02 ($08) ($07) $05 ($07)
46 (17) 10 (35) (33) 46 (33)
Sales Metrics
Net Flows1
Net Flow Rate2
YTD 17 YTD 18
$33
$54
($28) ($37) ($44) ($49)($61)
$33 $35 $46 $41
$54
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
ASSET FLOWS
Inflows (Outflows) Year to Date Commentary
$ in billions 1 Net flows exclude flows from liquidity products 2 Annualized net flows divided by beginning of period long-term AUM
Sales increased $13 billion or 32 sequentially
Open-ended fund sales increased $11 billion or 43 reflecting higher sales in domestic equity international equity and fixed income strategies
Structured product sales include $04 billion CLO issuance
Net flows of ($07) billion included
minus Structured products $04 billion
minus Open-end mutual funds $01 billion
minus ETFs $01 billion
minus Retail separate accounts ($01) billion
minus Institutional accounts($12) billion
Net flows
1
9
YTD 17 YTD 18
$595 $743
$984 $1021 $1020
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
513 483 448 454 460 513 460
$464 $607 $860 $878 $889 $464 $889
Metrics
Long-Term Net Fee Rate1 ndash BPS
Long-Term Average AUM - ($Bn)
INVESTMENT MANAGEMENT FEES AS ADJUSTED
Quarterly Results Year to Date Commentary
$ in millions except AUM figures which are in billions 1 Represents net investment management fees divided by average assets Net investment management fees are net investment management fees as adjusted less fees paid to third party service providers for investment management related services See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Investment management fees were unchanged sequentially as higher fee rate and average AUM was offset by two fewer days
Average long-term fee rate increased sequentially due to relative levels of assets in equity products $595
$1020
10
YTD 17 YTD 18
612 521 498 481 543 612 543
of Revenues as adjusted
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Employment expenses as adjusted increased sequentially due to seasonally higher employment expenses of
minus $39 million of payroll taxes due to timing of annual incentive payments
minus $23 million of benefit payments primarily the timing of 401K match
minus $06 million of retirement-eligible employeesrsquo stock-based compensation
Excluding $68 million of seasonally higher expenses employment expense ratio was 48
EMPLOYMENT EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$588
$396 $396 $409
$519 $526 $588
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
11
169 181 155 153 145 169 145
of Revenues as adjusted
YTD 17 YTD 18
$109
$142 $161
$158 $157
$167
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Decrease of $10 million or 6 from prior quarter which included $09 million of transaction costs attributable to the SGA agreement
Other operating expenses as adjusted as a percentage of revenues as adjusted declined 80 bps sequentially
OTHER OPERATING EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$157
$109
SGA Transaction Costs
12
YTD 17 YTD 18
$135
$328
$116 $259
$86 $134 $195 $219 $218 $86 $218
209 288 338 357 303 209 303
Metrics
Net Income As Adjusted
Operating Margin As Adjusted
$135
$227
$352 $391
$328
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$116 $161 $230 $260 $259
$ in millions except per share data See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
NON-GAAP RESULTS
Quarterly Results Year to Date Commentary
Operating Income As Adjusted Diluted EPS as adjusted of $259 was relatively unchanged sequentially as seasonally higher employment expenses offset tax savings and increased other income
minus Excludes dividends and interest earned on seed and CLO investments of $34 million
Operating margin as adjusted of 30 increased 940 bps from prior year
Excluding seasonally higher employment expenses operating margin as adjusted was 37
Diluted earnings per share as adjusted
13
CAPITAL POSITION Select Non-GAAP Balance Sheet Items Commentary
Refinanced term loan to reduce interest rate and increase financial flexibility
Secured additional $1050 million of term loan capacity to be drawn at closing of SGA transaction
Invested $202 million in recently issued CLO
Preferred shares outstanding as adjusted reflect per share conversion price of $128 compared with $117 sequentially
33117 63017 93017 123117 033118
Cash and cash equivalents $236 $128 $165 $132 $81Seed capital investments1 $175 $104 $109 $118 $116Investments - other2 $31 $92 $93 $112 $137Goodwill and intangible assets net $45 $483 $477 $472 $467Deferred taxes net $46 $55 $49 $32 $32Debt3 $0 $248 $249 $248 $245Contingent consideration $0 $52 $52 $0 $0Total equity attributable to stockholders $552 $574 $584 $589 $609
Working capital (WC) 4 $225 $49 $68 $76 $83
Common shares outstanding 6989 7218 7158 7160 7217Hypothetical conversion of preferred shares 5 1045 1045 1035 0980 0900Common shares outstanding as adjusted 5 8035 8263 8193 8140 8117
Metrics Net Debt6 NA $184 $147 $127 $178Gross Debt7 to Bank EBITDA8 NA 15x 15x 15x 15x Net Debt to Bank EBITDA NA 11x 09x 07x 10x
In millions except per share data 1 Represents the companyrsquos investments in sponsored investment products including open-end funds and separate accounts 2 Represents investments not related to seed capital investments primarily company-managed CLOs 3 Defined gross debt less deferred financing costs
4 Defined as cash and equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities contingent consideration and dividends payable
5 Assumes conversion of preferred shares to common shares at the 20 day volume-weighted average common stock price at period end subject to a conversion price range of $110 to $132 per share resulting in a conversion ratio range of 09091 to 07576
6 Defined as gross debt less cash and cash equivalents 7 Defined as total debt outstanding on seven-year term loan 8 Calculated in accordance with the companyrsquos credit agreement See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Financial Supplement
15
NON-GAAP INFORMATION
Income Statement1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues As Adjusted
Investment management fees as adjusted $59513 $74272 $98402 $102114 $102047 $59513 $102047
Distribution and service fees as adjusted 10793 10446 11486 11623 12611 10793 12611
Administration and shareholder service fees as adjusted 9015 9495 14709 15849 15739 9015 15739
Other income and fees as adjusted 741 155 199 119 207 741 207
Distribution and other asset-based expenses as adjusted (15323) (15764) (20552) (20348) (22291) (15323) (22291)
Total revenues as adjusted $64739 $78604 $104244 $109357 $108313 $64739 $108313
Operating Expenses As Adjusted
Employment expenses as adjusted $39641 $40933 $51884 $52593 $58793 $39641 $58793
Other operating expenses as adjusted 10928 14233 16131 16690 15693 10928 15693
Depreciation and other amortization as adjusted 664 776 1038 1019 1015 664 1015
Total operating expenses as adjusted $51233 $55942 $69053 $70302 $75501 $51233 $75501
Operating Income (Loss) As Adjusted $13506 $22662 $35191 $39055 $32812 $13506 $32812
16
NON-GAAP INFORMATION
Income Statement1 (continued) (Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense) As Adjusted
Realized and unrealized gain (loss) on investments net as adjusted
$ - $ - $ - $ - ($198) $ - ($198)
Other income net as adjusted 646 46 436 506 1319 646 1319
Total other income (expense) as adjusted $646 $46 $436 $506 $1121 $646 $1121
Interest Income (Expense) As Adjusted
Interest expense as adjusted ($243) ($1453) ($4116) ($3909) ($3818) ($243) ($3818)
Interest and dividend income as adjusted 115 279 198 258 268 115 268
Total interest income (expense) net as adjusted ($128) ($1174) ($3918) ($3651) ($3550) ($128) ($3550)
Pre-Tax Income (Loss) As Adjusted $14024 $21534 $31709 $35910 $30383 $14024 $30383
Income tax expense (benefit) as adjusted 5407 8181 12173 14035 8557 5407 8557
Net Income (Loss) As Adjusted $8617 $13353 $19536 $21875 $21826 $8617 $21826
17
NON-GAAP INFORMATION
Balance Sheet1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of presenting
balance sheet accounts before the consolidation of investment products
033117 063017 093017 123117 033118
Assets
Cash and cash equivalents $235930 $127571 $164867 $132150 $80765
Investments ndash seed capital 174810 104076 108511 118443 115848
Investments ndash other 30714 91739 92676 112105 136821
Investments ndash long term 15472 18325 18309 18729 20014
Accounts receivable net 38169 60557 62668 66982 64267
Furniture equipment and leasehold improvements net 7263 12295 11557 10833 11396
Intangible assets net 38194 312081 307017 301954 296918
Goodwill 6788 171170 170153 170153 170153
Deferred taxes net 45716 54655 49002 32428 31875
Other assets 25909 26532 25863 35772 36777
Total assets $618965 $979001 $1010623 $999549 $964834
18
NON-GAAP INFORMATION
$ in thousands (1) The non-GAAP financial information included in this presentation differs from US GAAP as a result of presenting balance sheet accounts before the consolidation of
investment products (2) Defined as cash and cash equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities dividends payable and
contingent consideration
Balance Sheet1 (continued) (Unaudited)
033117 063017 093017 123117 033118
Liabilities and Equity
Liabilities
Accrued compensation and benefits $16519 $51978 $69833 $86658 $27471
Accounts payable and accrued liabilities 30365 29167 31677 29607 28214
Dividends payable 5991 6173 6318 6528 6479
Other liabilities 13702 18280 18356 39895 48476
Contingent consideration - 51690 51690 - -
Debt - 248111 248540 248320 245402
Total liabilities $66577 $405399 $426414 $411008 $356042
Equity
Equity attributable to stockholders $552388 $573602 $584209 $588541 $608792
Total liabilities and equity $618965 $979001 $1010623 $999549 $964834
Working capital2 $224848 $49119 $68017 $76339 $82868
19
US GAAP INFORMATION
Income Statement (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues
Investment management fees $59271 $74062 $97295 $100447 $100476 $59271 $100476
Distribution and service fees 10783 10439 11482 11618 12607 10783 12607
Administration and shareholder service fees 8981 9476 14699 15840 15738 8981 15738
Other income and fees 741 155 199 119 207 741 207
Total revenues $79776 $94132 $123675 $128024 $129028 $79776 $129028
Operating Expenses
Employment expenses $39641 $42992 $54159 $54602 $60696 $39641 $60696
Distribution and other asset-based expenses 15323 15764 20552 20348 22291 15323 22291
Other operating expenses 13226 20236 17733 18215 16862 13226 16862
Other operating expenses of consolidated investment products 642 473 6757 659 511 642 511
Restructuring and severance - 8894 1584 102 - - -
Depreciation expense 664 776 1038 1019 1015 664 1015
Amortization expense 233 1813 5063 5064 5036 233 5036
Total operating expenses $69729 $90948 $106886 $100009 $106411 $69729 $106411
Operating Income (Loss) $10047 $3184 $16789 $28015 $22617 $10047 $22617
20
US GAAP INFORMATION
Income Statement (continued) (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense)
Realized and unrealized gain (loss) on investments net $297 $1287 $1367 $22 $438 $297 $438
Realized and unrealized gain (loss) of consolidated investment products net
4444 (1424) 13465 (2932) 2259 4444 2259
Other income (expense) net 646 47 436 506 1319 646 1319
Total other income (expense) net $5387 ($90) $15268 ($2404) $4016 $5387 $4016
Interest Income (Expense)
Interest expense ($243) ($3739) ($4116) ($3909) ($3858) ($243) ($3858)
Interest and dividend income 188 446 679 847 721 188 721
Interest and dividend income of consolidated investment products
5656 5102 17778 20787 21403 5656 21403
Interest expense of consolidated investment products (2857) (2995) (16249) (13142) (14549) (2857) (14549)
Total interest income (expense) net $2744 ($1186) ($1908) $4583 $3717 $2744 $3717
Income (Loss) Before Income Taxes $18178 $1908 $30149 $30194 $30350 $18178 $30350
Income tax expense (benefit) 4433 1880 9626 24551 6523 4433 6523
Net Income (Loss) $13745 $28 $20523 $5643 $23827 $13745 $23827
Noncontrolling interests (718) (333) (1731) (145) (527) (718) (527)
Net Income (Loss) Attributable to Stockholders $13027 ($305) $18792 $5498 $23300 $13027 $23300
Preferred stockholder dividends (2084) (2084) (2084) (2084) (2084) (2084) (2084)
Net Income (Loss) Attributable to Common Stockholders $10943 ($2389) $16708 $3414 $21216 $10943 $21216
21
ASSETS UNDER MANAGEMENT
Assets Product and Asset Class
$ in millions (1) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts (3) Consists of real estate securities master-limited partnerships options strategies and other
033117 063017 093017 123117 033118
Assets by Product
Retail Funds $237104 $404210 $413254 $419499 $420927
UCITS1 576 666 794 1223 1272 Variable Insurance Funds 9488 9652 9929 10054 9826 Total ndash Open-End Funds $247168 $414528 $423977 $430776 $432025
Closed-End Funds $68143 $67072 $67354 $66662 $61327Exchange Traded Funds $8633 $9688 $9557 $10392 $9802
Intermediary Sold Managed Accounts $60352 $90452 $95777 $102607 $105352Private Client 32769 33059 34795 36761 34771 Total ndash Retail Separate Accounts $93121 $123511 $130572 $139368 $140123
Institutional Accounts 57113 206391 206305 208159 194112 Structured Products 6020 28998 33600 32988 37046
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
Liquidity2 $00 $35706 $34314 $21287 $16416 Total $480198 $885894 $905679 $909632 $890851
Assets by Asset Class
Equity $279905 $416726 $431479 $457798 $458928 of total 583 490 495 515 525
Fixed Income2 159087 391021 397417 387400 379992 of total 331 460 456 436 434
Alternatives3 41206 42441 42469 43147 35515 of total 86 50 49 49 41
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
22
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows TotalLong-term
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18Long-termBeginning balance $453663 $480198 $850188 $871365 $888345 $453663 $888345Inflows 32653 34523 45652 41157 54310 32653 54310Outflows (27458) (36529) (43310) (48868) (61616) (27458) (61616)Net Flows 5195 (2006) 2342 (7711) (7306) 5195 (7306)Market performance 23623 17434 21358 27326 (3879) 23623 (3879)Other1 (2283) 354562 (2523) (2635) (2725) (2283) (2725)Ending Balance - Long-Term $480198 $850188 $871365 $888345 $874435 $480198 $874435Ending Balance - Liquidity - 35706 34314 21287 16416 - 16416 Ending Balance - Total $480198 $885894 $905679 $909632 $890851 $480198 $890851
23
ASSETS UNDER MANAGEMENT
Asset Flows Product
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage (2) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Retail FundsBeginning balance $224521 $237104 $404210 $413254 $419499 $224521 $419499Inflows 20163 22173 28215 26190 37542 20163 37542 Outflows (20950) (22360) (28369) (32366) (36175) (20950) (36175) Net Flows (787) (187) (154) (6176) 1367 (787) 1367 Market performance 13954 11679 9854 13694 645 13954 645
Other 1 (584) 155614 (656) (1273) (584) (584) (584) Ending Balance $237104 $404210 $413254 $419499 $420927 $237104 $420927
UCITS2
Beginning balance $489 $576 $666 $794 $1223 $489 $1223Inflows 96 232 135 219 193 96 193 Outflows (16) (19) (22) (50) (69) (16) (69) Net Flows 80 213 113 169 124 80 124 Market performance 08 08 16 11 (03) 08 (03)
Other 1 (01) (131) (01) 249 (72) (01) (72) Ending Balance $576 $666 $794 $1223 $1272 $576 $1272
24
ASSETS UNDER MANAGEMENT
Asset Flows Product
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Variable Insurance FundsBeginning balance $9318 $9488 $9652 $9929 $10054 $9318 $10054Inflows 68 134 75 69 101 68 101 Outflows (381) (407) (336) (334) (378) (381) (378) Net Flows (313) (273) (261) (265) (277) (313) (277) Market performance 483 436 537 390 56 483 56
Other 1 - 01 01 - (07) - (07) Ending Balance $9488 $9652 $9929 $10054 $9826 $9488 $9826
Subtotal ndash Open-End FundsBeginning balance $234328 $247168 $414528 $423977 $430776 $234328 $430776Inflows 20327 22539 28425 26478 37836 20327 37836 Outflows (21347) (22786) (28727) (32750) (36622) (21347) (36622) Net Flows (1020) (247) (302) (6272) 1214 (1020) 1214 Market performance 14445 12123 10407 14095 698 14445 698
Other 1 (585) 155484 (656) (1024) (663) (585) (663) Ending Balance $247168 $414528 $423977 $430776 $432025 $247168 $432025
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
25
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Closed-End FundsBeginning balance $67574 $68143 $67072 $67354 $66662 $67574 $66662Inflows - - - - - - - Outflows (816) (312) - - - (816) - Net Flows (816) (312) - - - (816) - Market performance 2808 164 1244 228 (4061) 2808 (4061)
Other 1 (1423) (923) (962) (920) (1274) (1423) (1274) Ending Balance $68143 $67072 $67354 $66662 $61327 $68143 $61327
Exchange Traded FundsBeginning balance $5968 $8633 $9688 $9557 $10392 $5968 $10392Inflows 2657 1851 1041 1777 1395 2657 1395 Outflows (230) (513) (289) (494) (632) (230) (632) Net Flows 2427 1338 752 1283 763 2427 763 Market performance 346 (85) 42 (88) (775) 346 (775)
Other 1 (108) (198) (925) (360) (578) (108) (578) Ending Balance $8633 $9688 $9557 $10392 $9802 $8633 $9802
26
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Intermediary Sold Managed AccountsBeginning balance $54035 $60352 $90452 $95777 $102607 $54035 $102607Inflows 4809 5003 5415 5515 5763 4809 5763 Outflows (1640) (2140) (4097) (4558) (5574) (1640) (5574) Net Flows 3169 2863 1318 957 189 3169 189 Market performance 3148 2331 4007 5873 2556 3148 2556
Other 1 - 24906 - - - - - Ending Balance $60352 $90452 $95777 $102607 $105352 $60352 $105352
Private ClientBeginning balance $30700 $32769 $33059 $34795 $36761 $30700 $36761Inflows 2083 1559 1629 1290 1250 2083 1250 Outflows (1339) (2417) (704) (567) (2291) (1339) (2291) Net Flows 744 (858) 925 723 (1041) 744 (1041) Market performance 1390 1085 776 1351 (949) 1390 (949)
Other 1 (65) 63 35 (108) - (65) - Ending Balance $32769 $33059 $34795 $36761 $34771 $32769 $34771
Total Retail Separate AccountsBeginning balance $84735 $93121 $123511 $130572 $139368 $84735 $139368Inflows 6892 6562 7044 6805 7013 6892 7013 Outflows (2979) (4557) (4801) (5125) (7865) (2979) (7865) Net Flows 3913 2005 2243 1680 (852) 3913 (852) Market performance 4538 3416 4783 7224 1607 4538 1607
Other 1 (65) 24969 35 (108) - (65) - Ending Balance $93121 $123511 $130572 $139368 $140123 $93121 $140123
27
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Institutional AccountsBeginning balance $54927 $57113 $206391 $206305 $208159 $54927 $208159Inflows 2777 3571 4399 6097 4230 2777 4230 Outflows (1919) (6121) (8937) (10004) (16497) (1919) (16497) Net Flows 858 (2550) (4538) (3907) (12267) 858 (12267) Market performance 1383 1681 4511 5819 (1727) 1383 (1727)
Other 1 (55) 150147 (59) (58) (53) (55) (53) Ending Balance $57113 $206391 $206305 $208159 $194112 $57113 $194112
Structured ProductsBeginning balance $6131 $6020 $28998 $33600 $32988 $6131 $32988Inflows - - 4743 - 3836 - 3836 Outflows (167) (2240) (556) (495) - (167) - Net Flows (167) (2240) 4187 (495) 3836 (167) 3836 Market performance 103 135 371 48 379 103 379
Other 1 (47) 25083 44 (165) (157) (47) (157) Ending Balance $6020 $28998 $33600 $32988 $37046 $6020 $37046
LiquidityBeginning balance $ - $ - $35706 $34314 $21287 $ - $21287
Other 1 - 35706 (1392) (13027) (4871) - (4871) Ending Balance $ - $35706 $34314 $21287 $16416 $ - $16416
28
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Domestic Equity FundsBeginning balance $43354 $45745 $111649 $115133 $120233 $43354 $120233Inflows 3754 4585 8151 7646 13869 3754 13869 Outflows (4032) (4690) (8631) (8960) (10113) (4032) (10113) Net Flows (278) (105) (480) (1314) 3756 (278) 3756 Market performance 2573 3285 4239 6662 1006 2573 1006
Other 2 96 62724 (275) (248) 169 96 169 Ending Balance $45745 $111649 $115133 $120233 $125164 $45745 $125164
International Equity FundsBeginning balance $83003 $91969 $101510 $105954 $112960 $83003 $112960Inflows 7882 8130 6828 6257 8537 7882 8537 Outflows (8884) (7220) (6202) (4716) (8875) (8884) (8875) Net Flows (1002) 910 626 1541 (338) (1002) (338) Market performance 10220 7828 3800 5624 111 10220 111
Other 2 (252) 803 18 (159) (60) (252) (60) Ending Balance $91969 $101510 $105954 $112960 $112673 $91969 $112673
Total Equity FundsBeginning balance $126357 $137714 $213159 $221087 $233193 $126357 $233193Inflows 11636 12715 14979 13903 22406 11636 22406 Outflows (12916) (11910) (14833) (13676) (18988) (12916) (18988) Net Flows (1280) 805 146 227 3418 (1280) 3418 Market performance 12793 11113 8039 12286 1117 12793 1117
Other 2 (156) 63527 (257) (407) 109 (156) 109 Ending Balance $137714 $213159 $221087 $233193 $237837 $137714 $237837
Cognos_Office_Connection_Cache
2 NGIS
3 NGIS
Non-GAAP IS Data
4 GAAPIS
5 GAAPIS
GAAP IS Data
6 BS
7 BS
Sheet2
8 AUM
8 AUM Data
9 Fees
9 AVG Assets
9 Fees Data Avg AUM
9 Fees Data Fees
10 AUM T
10 AUM T Data
11 Flows
11 Flows Data
12 Flows
13 Flows
14 Flows
15amp17 Flows
16 Flows
OEF AUM
24 Other
RidgeWorth
29
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Excludes liquidity funds (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows Open-End Funds1 by Asset Class (continued)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Taxable Bond Funds2
Beginning balance $89188 $91382 $175183 $177544 $173630 $89188 $173630Inflows 7256 8342 12388 11601 14186 7256 14186Outflows (6149) (9139) (11685) (16523) (15177) (6149) (15177)Net Flows 1107 (797) 703 (4922) (991) 1107 (991) Market performance 1445 737 2002 1354 493 1445 493
Other3 (358) 83861 (344) (346) (714) (358) (714)Ending Balance $91382 $175183 $177544 $173630 $172418 $91382 $172418
Non-Taxable Bond FundsBeginning balance $1961 $1969 $10156 $9985 $9335 $1961 $9335Inflows 104 258 320 322 529 104 529 Outflows (162) (335) (563) (978) (865) (162) (865) Net Flows (58) (77) (243) (656) (336) (58) (336) Market performance 27 09 75 56 (105) 27 (105)
Other3 39 8255 (03) (50) (27) 39 (27) Ending Balance $1969 $10156 $9985 $9335 $8867 $1969 $8867
Total Fixed Income FundsBeginning balance $91149 $93351 $185339 $187529 $182965 $91149 $182965Inflows 7360 8600 12708 11923 14715 7360 14715 Outflows (6311) (9474) (12248) (17501) (16042) (6311) (16042) Net Flows 1049 (874) 460 (5578) (1327) 1049 (1327) Market performance 1472 746 2077 1410 388 1472 388
Other3 (319) 92116 (347) (396) (741) (319) (741) Ending Balance $93351 $185339 $187529 $182965 $181285 $93351 $181285
30
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class (continued)
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Consists of real estate securities master-limited partnerships option strategies and other (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Alternative Funds2
Beginning balance $16822 $16103 $16030 $15361 $14618 $16822 $14618Inflows 1331 1224 738 652 715 1331 715 Outflows (2120) (1402) (1646) (1573) (1592) (2120) (1592) Net Flows (789) (178) (908) (921) (877) (789) (877) Market performance 180 264 291 399 (807) 180 (807)
Other 13 (110) (159) (52) (221) (31) (110) (31) Ending Balance $16103 $16030 $15361 $14618 $12903 $16103 $12903
31
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM
$ in millions (1) Represents net investment management fees divided by average assets Net investment management fees are investment management fees as adjusted less fees paid to third-party
service providers for investment management related services which impacted the fee rate in the three months ended March 31 2018 for Open-End Funds and All Products by 05 and 04 basis points respectively
(2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes incentive fees earned in the three months ended September 30 2017 December 31 2017 and March 31 2018 which impacted the fee rate by 102 14 and 02 basis points
respectively (4) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Net Management Fees1
(in basis points annualized)Retail Funds 502 505 477 498 502 502 502
UCITS2 103 154 279 - - 103 - Variable Insurance Funds 612 601 590 658 653 612 653 Total Open-End Funds 505 507 479 501 503 505 503
Closed-End Funds 662 658 660 660 663 662 663 Exchange Traded Funds 317 272 270 157 182 317 182
Intermediary Sold Managed Accounts 409 381 362 358 370 409 370 Private Client 768 740 749 746 772 768 772 Total Retail Separate Accounts 539 497 466 461 476 539 476
Institutional Accounts 372 327 310 312 318 372 318
Structured Products3 335 335 471 388 392 335 392 Total Long-Term Assets 513 483 448 454 460 513 460
Liquidity4 - 114 60 85 118 - 118 Total 513 475 434 439 453 513 453
32
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM (continued)
$ in millions (1) Averages are calculated as follows Funds ndash average daily or weekly balances Retail Separate Accounts ndash prior quarter ending balance or average of month-end balances in quarter
Institutional Accounts ndash average of month-end balances in quarter (2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Assets by Product1
Retail Funds $231507 $296253 $410279 $417448 $426078 $231507 $426078
UCITS2 538 591 720 930 1281 538 1281 Variable Insurance Funds 9531 9672 9810 10023 10155 9531 10155 Total ndash Open-End Funds $241576 $306516 $420809 $428401 $437514 $241576 $437514
Closed-End Funds $67861 $68096 $67581 $67260 $63461 $67861 $63461Exchange Traded Funds $7592 $9008 $9450 $9583 $10457 $7592 $10457
Intermediary Sold Managed Accounts $53936 $68667 $90396 $95724 $102472 $53936 $102472Private Client 30700 32770 33059 34795 36761 30700 36761 Total ndash Retail Separate Accounts $84636 $101437 $123455 $130519 $139233 $84636 $139233
Institutional Accounts $56032 $107951 $207286 $209331 $201658 $56032 $201658Structured Products 6033 13929 31111 33040 36191 6033 36191 Total ndash Long-Term Assets $463730 $606937 $859692 $878134 $888514 $463730 $888514
Liquidity3 $00 $13286 $33311 $36351 $17876 $00 $17876 Total $463730 $620223 $893003 $914485 $906390 $463730 $906390
33
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100476$ -$ 1571$ -$ -$ -$ -$ 102047$ Distribution and services fees 12607 - 4 - - - - 12611 Administration and transfer agent fees 15738 - 1 - - - - 15739 Other income and fees 207 - - - - - - 207 Distribution and other asset-based expenses - (22291) - - - - - (22291) Total revenues 129028 (22291) 1576 - - - - 108313
Operating ExpensesEmployment expenses 60696 - - - - (1903) - 58793 Distribution and other asset-based expenses 22291 (22291) - - - - - - Other operating expense 16862 - - - - (1189) 20 15693 Other operating expenses of consolidated investment products 511 - (511) - - - - - Depreciation expense 1015 - - - - - - 1015 Amortization expense 5036 - - (5036) - - - - Total operating expenses 106411 (22291) (511) (5036) - (3092) 20 75501
Operating Income (Loss) 22617 - 2087 5036 - 3092 (20) 32812
Other Income (Expense)Realized and unrealized gain (loss) on investments net 438 - 1056 - (1692) - - (198) Realized and unrealized gain (loss) of consolidated investment products net 2259 - (2259) - - - - - Other income (expense) net 1319 - 2494 - (2494) - - 1319 Total other income (expense) net 4016 - 1291 - (4186) - - 1121
Interest Income (Expense)Interest expense (3858) - - - - 40 - (3818) Interest and dividend income 721 - 2949 - (3402) - - 268 Interest and dividend income of investments of consolidated investment products net 21403 - (21403) - - - - - Interest expense of consolidated investment products (14549) - 14549 - - - - - Total interest income (expense) net 3717 - (3905) - (3402) 40 - (3550) Income (Loss) Before Income Taxes 30350 - (527) 5036 (7588) 3132 (20) 30383 Income tax expense (benefit) 6523 - - 1410 (1141) 877 888 8557 Net Income (Loss) 23827 - (527) 3626 (6447) 2255 (908) 21826 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (527) - 527 - - - - Net Income (Loss) Attributable to Common Stockholders 21216$ -$ -$ 3626$ (6447)$ 2255$ 1176$ 21826$
Earnings (Loss) Per Share - Diluted 277$ 259$
Weighted Average Shares Outstanding - Diluted (Thousands) 8411 8411
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q1 2018
$ and share counts in thousands except per share data
(Unaudited)
34
US GAAP TO NON-GAAP RECONCILIATION
$ and share counts in thousands except per share data
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100447$ -$ 1667$ -$ -$ -$ -$ 102114$ Distribution and services fees 11618 - 5 - - - - 11623 Administration and transfer agent fees 15840 - 9 - - - - 15849 Other income and fees 119 - - - - - - 119 Distribution and other asset-based expenses - (20348) - - - - - (20348) Total revenues 128024 (20348) 1681 - - - - 109357
Operating ExpensesEmployment expenses 54602 - - - - (2009) - 52593 Distribution and other asset-based expenses 20348 (20348) - - - - - - Other operating expense 18215 - - - - (1269) (256) 16690 Other operating expenses of consolidated investment products 659 - (659) - - - - - Restructuring and severance 102 - - - - (102) - - Depreciation expense 1019 - - - - - - 1019 Amortization expense 5064 - - (5064) - - - - Total operating expenses 100009 (20348) (659) (5064) - (3380) (256) 70302
Operating Income (Loss) 28015 - 2340 5064 - 3380 256 39055
Other Income (Expense)Realized and unrealized gain (loss) on investments net 22 - 271 - (293) - - - Realized and unrealized gain (loss) of consolidated investment products net (2932) - 2932 - - - - - Other income (expense) net 506 - (65) - 65 - - 506 Total other income (expense) net (2404) - 3138 - (228) - - 506
Interest Income (Expense)Interest expense (3909) - - - - - - (3909) Interest and dividend income 847 - 2022 - (2611) - - 258 Interest and dividend income of investments of consolidated investment products net 20787 - (20787) - - - - - Interest expense of consolidated investment products (13142) - 13142 - - - - - Total interest income (expense) net 4583 - (5623) - (2611) - - (3651) Income (Loss) Before Income Taxes 30194 - (145) 5064 (2839) 3380 256 35910 Income tax expense (benefit) 24551 - - 1979 (1767) 1321 (12049) 14035 Net Income (Loss) 5643 - (145) 3085 (1072) 2059 12305 21875 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (145) - 145 - - - - Net Income (Loss) Attributable to Common Stockholders 3414$ -$ -$ 3085$ (1072)$ 2059$ 14389$ 21875$
Earnings (Loss) Per Share - Diluted 046$ 260$ Weighted Average Shares Outstanding - Diluted (Thousands) 7433 8413
Reclassifications Adjustments
Q4 2017 (Unaudited)
Cognos_Office_Connection_Cache
Dec 2017 YTD
Q4 2017
Q3 2016
Sheet2
Sheet3
35
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 97295$ -$ 1107$ -$ -$ -$ -$ -$ 98402$ Distribution and services fees 11482 - 4 - - - - - 11486 Administration and transfer agent fees 14699 - 10 - - - - - 14709 Other income and fees 199 - - - - - - - 199 Distribution and other asset-based expenses - (20552) - - - - - - (20552) Total revenues 123675 (20552) 1121 - - - - - 104244
Operating ExpensesEmployment expenses 54159 - - - - - (2275) - 51884 Distribution and other asset-based expenses 20552 (20552) - - - - - - - Other operating expense 17733 - - - - - (1196) (406) 16131 Other operating expenses of consolidated investment products 6757 - (6757) - - - - - Restructuring and severance 1584 - - - (137) - (1447) - - Depreciation expense 1038 - - - - - - - 1038 Amortization expense 5063 - - (5063) - - - - - Total operating expenses 106886 (20552) (6757) (5063) (137) - (4918) (406) 69053
Operating Income (Loss) 16789 - 7878 5063 137 - 4918 406 35191
Other Income (Expense)Realized and unrealized gain (loss) on investments net 1367 - 1880 - - (3247) - - - Realized and unrealized gain (loss) of consolidated investment products net 13465 - (13465) - - - - - Other income (expense) net 436 - 33 - - (33) - - 436 Total other income (expense) net 15268 - (11552) - - (3280) - - 436
Interest Income (Expense)Interest expense (4116) - - - - - - - (4116) Interest and dividend income 679 - 3472 - - (3953) - - 198 Interest and dividend income of investments of consolidated investment products net 17778 - (17778) - - - - - Interest expense of consolidated investment products (16249) - 16249 - - - - - - Total interest income (expense) net (1908) - 1943 - - (3953) - - (3918) Income (Loss) Before Income Taxes 30149 - (1731) 5063 137 (7233) 4918 406 31709 Income tax expense (benefit) 9626 - - 1944 53 (1678) 1889 339 12173 Net Income (Loss) 20523 - (1731) 3119 84 (5555) 3029 67 19536 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (1731) - 1731 - - - - - Net Income (Loss) Attributable to Common Stockholders 16708$ -$ -$ 3119$ 84$ (5555)$ 3029$ 2151$ 19536$
Earnings (Loss) Per Share - Diluted 221$ 230$
Weighted Average Shares Outstanding - Diluted (Thousands) 8492 8492
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q3 2017
$ and share counts in thousands except per share data
(Unaudited)
36
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 74062$ -$ 210$ -$ -$ -$ -$ -$ 74272$ Distribution and services fees 10439 - 7 - - - - - 10446 Administration and transfer agent fees 9476 - 19 - - - - - 9495 Other income and fees 155 - - - - - - - 155 Distribution and other asset-based expenses - (15764) - - - - - - (15764) Total revenues 94132 (15764) 236 - - - - - 78604
Operating ExpensesEmployment expenses 42992 - - - - - (2059) - 40933 Distribution and other asset-based expenses 15764 (15764) - - - - - - - Other operating expense 20236 - - - - - (5629) (374) 14233
Other operating expenses of consolidated investment products 473 - (473) - - - - - Restructuring and severance 8894 - - - (255) - (8639) - - Depreciation and other amortization 776 - - - - - - - 776 Amortization expense 1813 - - (1813) - - - - - Total operating expenses 90948 (15764) (473) (1813) (255) - (16327) (374) 55942
Operating Income 3184 - 709 1813 255 - 16327 374 22662
Other (Expense)IncomeRealized and unrealized gain(loss) on investments net 1287 - 397 - - (1684) - - - of consolidated investment products net (1424) - 1424 - - - - - Other income net 47 - (1944) - - 1943 - - 46 Total other (expense)income net (90) - (123) - - 259 - - 46
Interest (Expense)IncomeInterest expense (3739) - - - - - 2286 - (1453) Interest and dividend income 446 - 1188 - - (1355) - - 279 Interest and dividend income of investments of consolidated investment products net 5102 - (5102) - - - - - Interest expense of consolidated investment products (2995) - 2995 - - - - - - Total (expense)income net (1186) - (919) - - (1355) 2286 - (1174) Income Before Income Taxes 1908 - (333) 1813 255 (1096) 18613 374 21534 Income tax expense 1880 - - 689 97 (237) 7073 (1321) 8181 Net Income 28 - (333) 1124 158 (859) 11540 1695 13353 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (333) - 333 - - - - - - Net (Loss)Income Attributable to Common Stockholders (2389)$ -$ -$ 1124$ 158$ (859)$ 11540$ 3779$ 13353$ (Loss)Earnings Per Share - Diluted (034)$ 161$
Weighted Average Shares Outstanding - Diluted (in thousands) 7064 8311
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION Q2 2017
$ and share counts in thousands except per share data
(Unaudited)
37
US GAAP TO NON-GAAP RECONCILIATION Q1 2017
$ and share counts in thousands except per share data
(Unaudited) US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 59271$ -$ 242$ -$ -$ -$ -$ 59513$ Distribution and services fees 10783 - 10 - - - - 10793 Administration and transfer agent fees 8981 - 34 - - - - 9015 Other income and fees 741 - - - - - - 741 Distribution and other asset-based expenses - (15323) - - - - - (15323) Total revenues 79776 (15323) 286 - - - - 64739
Operating ExpensesEmployment expenses 39641 - - - - - - 39641 Distribution and other asset-based expenses 15323 (15323) - - - - - - Other operating expense 13226 - - - - (1629) (669) 10928 Other operating expenses of consolidated investment vehicles 642 - (642) - - - - - Depreciation and other amortization 664 - - - - - - 664 Amortization expense 233 - - (233) - - - - Total operating expenses 69729 (15323) (642) (233) - (1629) (669) 51233
Operating Income 10047 - 928 233 - 1629 669 13506
Other Income (Expense)Realized and unrealized gain (loss) on investments net 297 - 3513 - (3810) - - - of consolidated investment vehicles net 4444 - (4444) - - - - - Other income (expense) net 646 - 1424 - (1424) - - 646 Total other income (expense) net 5387 - 493 - (5234) - - 646
Interest Income (Expense)Interest expense (243) - - - - - - (243) Interest and dividend income 188 - 660 - (733) - - 115 Interest and dividend income of investments of consolidated investment vehicles net 5656 - (5656) - - - - - Interest expense of consolidated investment vehicles (2857) - 2857 - - - - - Total interest (expense) income net 2744 - (2139) - (733) - - (128) Income Before Income Taxes 18178 - (718) 233 (5967) 1629 669 14024 Income tax expense 4433 - - 90 (288) 628 544 5407 Net Income 13745 - (718) 143 (5679) 1001 125 8617 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (718) - 718 - - - - - Net Income Attributable to Common Stockholders 10943$ -$ -$ 143$ (5679)$ 1001$ 2209$ 8617$ Earnings Per Share - Diluted 162$ 116$ Weighted Average Shares Outstanding - Diluted (in thousands) 6773 7447
Reclassifications Adjustments
Stmt of Ops
Adj Stmt of Ops
1Q 17 Rec
4Q16 Rec
3Q 16 Rec
2Q 16 Rec
1Q 16 Rec
4Q 15 Rec
3Q 15 Rec
2Q 15 Rec
Cognos_Office_Connection_Cache
4Q 16 YTD CHECK
4Q 16 YTD Rec
4Q 15 YTD Rec
3Q 15 YTD Rec
Footnote
3Q 15 Recon (2)
Sheet1
38
Non-GAAP financial information differ from financial information determined in accordance with US GAAP as a result of the reclassification of certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures Notes to Reconciliations 1 Distribution and other asset-based expenses - Primarily payments to third-party distribution partners and third-party service providers for providing services to
investors in our sponsored funds and payments to third-party service providers for investment management-related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that do not utilize intermediary distribution partners or third-party service providers
2 Consolidated investment products - Revenues and expenses generated by operating activities of majority-owned mutual funds and CLOs that are consolidated in the financial statements Management believes that excluding these operating activities to reflect net revenues and expenses of the company prior to the consolidation of these products is consistent with the approach of reflecting its operating results from managing third-party client assets
3 Amortization of intangible assets - Non-cash amortization expense or impairment expense if any attributable to acquisition-related intangible assets Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
4 Restructuring and severance - Certain expenses associated with restructuring the business including lease abandonment-related expenses and severance costs associated with staff reductions that are not reflective of the ongoing earnings generation of the business Management believes that making this adjustment aids in comparing the companys operating results with prior periods
5 Acquisition and integration expenses - Expenses that are directly related to acquisition and integration activities Acquisition expenses include transaction closing costs certain professional fees and financing fees Integration expenses include costs incurred that are directly attributable to combining businesses including compensation restructuring and severance charges professional fees consulting fees and other expenses Management believes that making these adjustments aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
6 Other - Certain expenses that are not reflective of the ongoing earnings generation of the business In addition it includes income tax expense(benefit) items such as adjustments for uncertain tax positions valuation allowances and other unusual or infrequent items not related to current operating results to reflect a normalized effective rate Preferred dividends are adjusted as the shares are mandatorily convertible into common shares at the end of three years and weighted average shares as adjusted reflects the conversion Management believes that making these adjustments aids in comparing the companyrsquos operating results with prior periods
7 Seed capital and CLO investments earnings (losses) - Gains and losses (realized and unrealized) dividends and interest income generated by seed capital and CLO investments Earnings or losses generated by investments in seed capital and CLO investments can vary significantly from period to period and do not reflect the companyrsquos operating results from providing investment management and related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with prior periods and with other asset management firms that do not have meaningful seed capital and CLO investments
FOOTNOTES
39
FOOTNOTES
Components of Acquisition and Integration Expenses and Other for the respective periods are shown in the table below
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Acquisition and Integration Expenses
Employment expenses $ - 2059 $2275 $2009 $1903 $ - $1903
Restructuring and severance - 8639 1447 102 - - -
Other operating expenses 1629 5629 1196 1269 1189 1629 1189
Total Acquisition and Integration Operating Expenses $1629 $16327 $4918 $3380 $3092 1629 $3092
Interest expense - 2286 - - 40 - 40
Total Acquisition and Integration Expenses $1629 $18613 $4918 $3380 $3132 1629 $3132
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other
System transition expenses $669 $374 $406 $256 ($20) $669 ($20)
Tax impact of system transition expenses (258) (141) (156) (100) 6 (258) 6
Tax impact of Tax Cuts and Jobs Act - - - 13059 - - -
Other discrete tax adjustments (286) 1462 (183) (910) (894) (286) (894)
Total tax related items ($544) $1321 ($339) $12049 (888) (544) ($888)
Preferred stockholder dividends 2084 2084 2084 2084 2084 2084 2084
Total Other $2209 $3779 $2151 $14389 $1176 $2209 $1176
- First Quarter 2018Earnings PresentationApril 27 2018
- Important Disclosures
- Agenda
- Slide Number 4
- Overview of FIRST Quarter
- Slide Number 6
- Assets Under Management
- Asset Flows
- Investment Management Fees AS ADJUSTED
- Employment expenses as adjusted
- Other operating expenses as adjusted
- Non-GAAP Results
- Capital Position
- Slide Number 14
- Non-gaap information
- Non-gaap information
- Non-GAAP INFORMATION
- non-gaap INFORMATION
- US GAAP Information
- US GAAP Information
- Assets under management
- Assets under management
- Assets UNDER MANAGEMENT
- Assets under management
- ASSETS UNDER MANAGEMENT
- Assets UNDER MANAGEMENT
- AsseTS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- Assets Under Management
- Assets Under Management
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- Footnotes
- Footnotes
- Slide Number 40
-
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in millions except per share data) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and structured product Investments impact | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other income of consolidated investment product net | Other income of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | T66 Manual | ||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| Other (in thousands) | 12312015 | 93015 | 123114 | 123115 | 123114 | |||||||||||
| Loss contingency | $ - 0 | $ - 0 | $ - 0 | $ 16500 | $ - 0 | |||||||||||
| Tax impact of loss contingency | - | - | - | (5507) | - | |||||||||||
| Transition related revenues | - | - | - | 1166 | - | |||||||||||
| Tax impact of transition related revenues | - | - | - | (442) | - | |||||||||||
| System transition expenses | 497 | (170) | 359 | 1248 | 1050 | |||||||||||
| Tax impact of system transition expenses | (192) | 65 | (135) | (476) | (400) | |||||||||||
| Newfleet transition expenses | - | - | - | - | 859 | |||||||||||
| Tax impact of Newfleet transition expenses | - | - | - | - | (329) | |||||||||||
| Restructuring and severance | - | - | - | - | 294 | |||||||||||
| Tax impact of restructuring and severance | - | - | - | - | (113) | |||||||||||
| Discrete tax adjustments | 245 | - | - | 245 | (15213) | |||||||||||
| Total Other | $ 550 | $ (105) | $ 224 | $ 12734 | $ (13852) | |||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Sep 2015 YTD | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Nine months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8876 | 8876 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 9039 | 9039 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2015 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve Months Ended December 31 2015 | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | Must be sum of quarters | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ||||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8797 | 8797 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 8960 | 8960 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2016 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Expenses | - | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Other Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Interest Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | - | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7648 | 7648 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7822 | 7822 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Dec 2016 YTD | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income tax expense check-sum | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q2 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | 8931 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q4 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended December 31 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q1 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended March 31 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q2 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q3 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7676 | 7676 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7854 | 7854 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ERRORNAME | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||
| Q4 2016 | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Three months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | ERRORNAME | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||
| Q1 2017 | ||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||
| Three months ended March 31 2017 | ||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 6542 | 7217 | |||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 6773 | 7447 | |||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 386 | ERRORNAME | |||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||
| bpmProduct | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | |||||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | ||||||||||||||||||||||||||||
| Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||
| (in thousands except per share data) | ||||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | |||||||||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||||||
| Investment Management Fees as adjusted | Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and Other Asset-Based Expenses As Adjusted | Distribution and other asset-based expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Revenues as Adjusted | Total revenues as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||||||
| Employment Expenses as adjusted | Employment expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses as adjusted | Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses as adjusted | Total operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Operating Income as adjusted | Operating Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other income net as adjusted | Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as Adjusted | Total other income (expense) net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Interest Expense | Interest expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | Total interest income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income as adjusted | Pre-Tax Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense as adjusted | Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 24627 | PY enter values | Large adj in M - must total sum of quarters | ||||||||||||||||||||
| Net Income as adjusted | Net Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40129 | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as adjusted | Net Income Attributable to Common Stockholders As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40328 | ||||||||||||||||||||||
| Earnings Per Share - Basic As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 452 | |||||||||||||||||||||||
| Earnings Per Share - Diluted As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 443 | |||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | 8931 | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | ||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | |||||||||||||||||||||||||
| US GAAP Consolidated Statements of Operations | |||||||||||||||||||||||||||||
| (in thousands except per share data) | |||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | ||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Investment Management Fees | Investment management fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Revenue | Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||
| Employment Expenses | Employment expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expense | Other operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Restructuring amp severance | Restructuring and severance | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Intangible Asset Amortization | Amortization expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expense | Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Income | Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized loss on investments of consolidated investment product net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income (Expense) | Other income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income Net | Total other (expense) net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest Expense | Interest expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest and Dividend Income | Interest and dividend income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income net | Total interest income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense | Income tax expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income | Net Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Manual Input | Cash Dividends Declared Per Share | $ 045 | $ 045 | - | $ 045 | - | $ 135 | $ 135 | 0 | Manual | |||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | YTD manual | |||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | C56 manual due to loss in Q3 2015 | |||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||||
| Q3 2016 | ||||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | ||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 380 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | |||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Q4 2017 | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 2017 | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 391 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | 2017 | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Dec 2017 YTD | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 YTD | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (8336) | - | - | - | - | - | 8336 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 383 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
Hogan Scott Hogan ScottNOTE need to use this schedule Thee are manual adjustments in realized gain (loss) |
| Open-end Funds | Closed-end Funds | ETFs | Retail Separate Accounts | Institutional | Structured Products | Total | ||||||||||
| Equity | ||||||||||||||||
| Domestic Equity - Small Cap Equity | $41363 | - 0 | $240 | $65534 | $36816 | - 0 | $143953 | |||||||||
| of total | 100 | - 0 | 25 | 531 | 178 | - 0 | 170 | |||||||||
| Domestic Equity - Large Cap Equity | 34684 | 43007 | 654 | 12600 | 32563 | - 0 | 123508 | |||||||||
| of total | 84 | 641 | 67 | 101 | 158 | - 0 | 145 | |||||||||
| Domestic Equity - Mid Cap Equity | 35258 | - 0 | - 0 | 2710 | 7143 | - 0 | 45111 | |||||||||
| of total | 85 | - 0 | - 0 | 22 | 35 | - 0 | 53 | |||||||||
| International Equity - Emerging Markets | 79227 | - 0 | - 0 | - 0 | - 0 | - 0 | 79227 | |||||||||
| of total | 191 | - 0 | - 0 | - 0 | - 0 | - 0 | 93 | |||||||||
| International Equity - Developed Markets | 22391 | - 0 | - 0 | 2535 | - 0 | - 0 | 24926 | |||||||||
| of total | 54 | - 0 | - 0 | 21 | - 0 | - 0 | 29 | |||||||||
| Total Equity | $212923 | $43007 | $894 | $83379 | $76522 | - 0 | $416725 | |||||||||
| of total | 514 | 641 | 92 | 675 | 371 | - 0 | 490 | |||||||||
| Fixed Income | ||||||||||||||||
| Leveraged Finance | $79152 | - 0 | $1232 | $22221 | $34023 | $28998 | $165626 | |||||||||
| of total | 191 | - 0 | 127 | 180 | 165 | 1000 | 195 | |||||||||
| Investment Grade | 25820 | 14894 | 230 | 16253 | 79146 | - 0 | 136343 | |||||||||
| of total | 62 | 222 | 24 | 132 | 383 | - 0 | 160 | |||||||||
| Multi-Sector | 80525 | 4100 | 1847 | - 0 | 2581 | - 0 | 89053 | |||||||||
| of total | 194 | 61 | 191 | - 0 | 13 | - 0 | 105 | |||||||||
| Total Fixed Income | $185497 | $18994 | $3309 | $38474 | $115750 | $28998 | $391022 | |||||||||
| of total | 447 | 283 | 342 | 312 | 561 | 1000 | 460 | |||||||||
| Alternatives | ||||||||||||||||
| Real Estate Investment Trusts | 13019 | -0 | 171 | 391 | 9994 | -0 | 23575 | |||||||||
| of total | 307 | 00 | 04 | 09 | 235 | 00 | 555 | |||||||||
| Master Limited Partnerships | 56 | 2606 | 4600 | -0 | -0 | -0 | 7262 | |||||||||
| of total | 01 | 61 | 108 | 00 | 00 | 00 | 171 | |||||||||
| Other | 3033 | 2465 | 714 | 1267 | 4125 | -0 | 11604 | |||||||||
| of total | 71 | 58 | 17 | 30 | 97 | 00 | 273 | |||||||||
| Total Alternatives | $16108 | $5071 | $5485 | $1658 | $14119 | - 0 | $42441 | |||||||||
| of total | 39 | 76 | 566 | 13 | 68 | - 0 | 50 | |||||||||
| Total Long-Term | $414528 | $67072 | $9688 | $123511 | $206391 | $28998 | $850188 | |||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| Acquisition and Integration Expenses | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $- | $- | $- | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Employment expenses | $ - | $ - | 2059 | $2275 | $2009 | $1903 | $ - | $1903 | 2059 | 4334 | 6343 | |||||||||||||
| Restructuring and severance | - | - | 8639 | 1447 | 102 | - | - | - | 8639 | 10086 | 10188 | |||||||||||||
| Other operating expenses | - | 1629 | 5629 | 1196 | 1269 | 1189 | 1629 | 1189 | 7258 | 8454 | 9723 | |||||||||||||
| Total Acquisition and Integration Operating Expenses | $ - | $1629 | $16327 | $4918 | $3380 | $3092 | 1629 | $3092 | 17956 | 22874 | 26254 | |||||||||||||
| Interest expense | - | - | 2286 | - | - | 40 | - | 40 | 2286 | 2286 | 2286 | |||||||||||||
| Total Acquisition and Integration Expenses | $ - | $1629 | $18613 | $4918 | $3380 | $3132 | 1629 | $3132 | 20242 | 25160 | 28540 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||
| Other | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $0 | $0 | $0 | $0 | $- | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| System transition expenses | $445 | $669 | $374 | $406 | $256 | ($20) | $669 | ($20) | 1043 | 1449 | 1705 | |||||||||||||
| Tax impact of system transition expenses | (258) | (141) | (156) | (100) | 6 | (258) | 6 | (399) | (555) | (655) | ||||||||||||||
| Tax impact of Tax Cuts and Jobs Act | - | - | - | 13059 | - | - | - 0 | - | - | 13059 | ||||||||||||||
| Other discrete tax adjustments | (286) | 1462 | (183) | (910) | (894) | (286) | (894) | 1176 | 993 | 83 | ||||||||||||||
| Total tax related items | (166) | ($544) | $1321 | ($339) | $12049 | (888) | (544) | ($888) | 777 | 438 | 12487 | |||||||||||||
| Preferred stockholder dividends | - | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 4168 | 6252 | 8336 | |||||||||||||
| Total Other | $279 | $2209 | $3779 | $2151 | $14389 | $1176 | $2209 | $1176 | 5988 | 8139 | 22528 | |||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| International Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Non-taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||
| Taxable Bond Funds2 | |||||||||||||||||||||||||||
| Beginning balance | $90831 | $89188 | $91382 | $175183 | $177544 | $173630 | $89188 | $173630 | |||||||||||||||||||
| Inflows | 5714 | 7256 | 8342 | 12388 | 11601 | 14186 | 7256 | 14186 | 15598 | 27986 | 39587 | ||||||||||||||||
| Outflows | (6796) | (6149) | (9139) | (11685) | (16523) | (15177) | (6149) | (15177) | (15288) | (26973) | (43496) | ||||||||||||||||
| Net Flows | (1082) | 1107 | (797) | 703 | (4922) | (991) | 1107 | (991) | |||||||||||||||||||
| Market performance | (335) | 1445 | 737 | 2002 | 1354 | 493 | 1445 | 493 | 2182 | 4184 | 5538 | ||||||||||||||||
| Other3 | (226) | (358) | 83861 | (344) | (346) | (714) | (358) | (714) | 83503 | 83159 | 82813 | ||||||||||||||||
| Ending Balance | $89188 | $91382 | $175183 | $177544 | $173630 | $172418 | $91382 | $172418 | |||||||||||||||||||
| Non-Taxable Bond Funds | |||||||||||||||||||||||||||
| Beginning balance | $2258 | $1961 | $1969 | $10156 | $9985 | $9335 | $1961 | $9335 | |||||||||||||||||||
| Inflows | 89 | 104 | 258 | 320 | 322 | 529 | 104 | 529 | 362 | 682 | 1004 | ||||||||||||||||
| Outflows | (248) | (162) | (335) | (563) | (978) | (865) | (162) | (865) | (497) | (1060) | (2038) | ||||||||||||||||
| Net Flows | (159) | (58) | (77) | (243) | (656) | (336) | (58) | (336) | |||||||||||||||||||
| Market performance | (78) | 27 | 09 | 75 | 56 | (105) | 27 | (105) | 36 | 111 | 167 | ||||||||||||||||
| Other3 | (60) | 39 | 8255 | (03) | (50) | (27) | 39 | (27) | 8294 | 8291 | 8241 | ||||||||||||||||
| Ending Balance | $1961 | $1969 | $10156 | $9985 | $9335 | $8867 | $1969 | $8867 | |||||||||||||||||||
| Total Fixed Income Funds | |||||||||||||||||||||||||||
| Beginning balance | $2330 | $91149 | $93351 | $185339 | $187529 | $182965 | $91149 | $182965 | |||||||||||||||||||
| Inflows | 97 | 7360 | 8600 | 12708 | 11923 | 14715 | 7360 | 14715 | 15960 | 28668 | 40591 | ||||||||||||||||
| Outflows | (112) | (6311) | (9474) | (12248) | (17501) | (16042) | (6311) | (16042) | (15785) | (28033) | (45534) | ||||||||||||||||
| Net Flows | (15) | 1049 | (874) | 460 | (5578) | (1327) | 1049 | (1327) | |||||||||||||||||||
| Market performance | (06) | 1472 | 746 | 2077 | 1410 | 388 | 1472 | 388 | 2218 | 4295 | 5705 | ||||||||||||||||
| Other3 | (51) | (319) | 92116 | (347) | (396) | (741) | (319) | (741) | 91797 | 91450 | 91054 | ||||||||||||||||
| Ending Balance | $2258 | $93351 | $185339 | $187529 | $182965 | $181285 | $93351 | $181285 | |||||||||||||||||||
| check | |||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | |||||||||||||||||||
| Inflows | $16423 | $20327 | $22539 | $28425 | $26478 | $37836 | $20327 | $37836 | |||||||||||||||||||
| Outflows | ($23842) | ($21347) | ($22786) | ($28727) | ($32750) | ($36622) | ($21347) | ($36622) | |||||||||||||||||||
| Net Flows | ($7419) | ($1020) | ($247) | ($302) | ($6272) | $1214 | ($1020) | $1214 | |||||||||||||||||||
| Market performance | ($10212) | $14445 | $12123 | $10407 | $14095 | $698 | $14445 | $698 | |||||||||||||||||||
| Other2 | ($705) | ($585) | $155484 | ($656) | ($1024) | ($663) | ($585) | ($663) | |||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | |||||||||||||||||||
| ($18336) | $00 | $00 | $00 | $00 | $1249 | $00 | $00 | ||||||||||||||||||||
| $00 | $00 | $00 | $00 | $00 | $00 | $00 | $00 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Domestic Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $44591 | $43354 | $45745 | $111649 | $115133 | $120233 | $43354 | $120233 | ||||||||||||||||||
| Inflows | 2571 | 3754 | 4585 | 8151 | 7646 | 13869 | 3754 | 13869 | 8339 | 16490 | 24136 | |||||||||||||||
| Outflows | (4545) | (4032) | (4690) | (8631) | (8960) | (10113) | (4032) | (10113) | (8722) | (17353) | (26313) | |||||||||||||||
| Net Flows | (1974) | (278) | (105) | (480) | (1314) | 3756 | (278) | 3756 | ||||||||||||||||||
| Market performance | 624 | 2573 | 3285 | 4239 | 6662 | 1006 | 2573 | 1006 | 5858 | 10097 | 16759 | |||||||||||||||
| Other 2 | 113 | 96 | 62724 | (275) | (248) | 169 | 96 | 169 | 62820 | 62545 | 62297 | |||||||||||||||
| Ending Balance | $43354 | $45745 | $111649 | $115133 | $120233 | $125164 | $45745 | $125164 | ||||||||||||||||||
| International Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $96406 | $83003 | $91969 | $101510 | $105954 | $112960 | $83003 | $112960 | ||||||||||||||||||
| Inflows | 7026 | 7882 | 8130 | 6828 | 6257 | 8537 | 7882 | 8537 | 16012 | 22840 | 29097 | |||||||||||||||
| Outflows | (10098) | (8884) | (7220) | (6202) | (4716) | (8875) | (8884) | (8875) | (16104) | (22306) | (27022) | |||||||||||||||
| Net Flows | (3072) | (1002) | 910 | 626 | 1541 | (338) | (1002) | (338) | ||||||||||||||||||
| Market performance | (9932) | 10220 | 7828 | 3800 | 5624 | 111 | 10220 | 111 | 18048 | 21848 | 27472 | |||||||||||||||
| Other 2 | (399) | (252) | 803 | 18 | (159) | (60) | (252) | (60) | 551 | 569 | 410 | |||||||||||||||
| Ending Balance | $83003 | $91969 | $101510 | $105954 | $112960 | $112673 | $91969 | $112673 | ||||||||||||||||||
| Total Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $92227 | $126357 | $137714 | $213159 | $221087 | $233193 | $126357 | $233193 | ||||||||||||||||||
| Inflows | 10228 | 11636 | 12715 | 14979 | 13903 | 22406 | 11636 | 22406 | ||||||||||||||||||
| Outflows | (10693) | (12916) | (11910) | (14833) | (13676) | (18988) | (12916) | (18988) | ||||||||||||||||||
| Net Flows | (465) | (1280) | 805 | 146 | 227 | 3418 | (1280) | 3418 | ||||||||||||||||||
| Market performance | 4371 | 12793 | 11113 | 8039 | 12286 | 1117 | 12793 | 1117 | ||||||||||||||||||
| Other 2 | 273 | (156) | 63527 | (257) | (407) | 109 | (156) | 109 | ||||||||||||||||||
| Ending Balance | $96406 | $137714 | $213159 | $221087 | $233193 | $237837 | $137714 | $237837 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||||
| Alternative Funds2 | ||||||||||||||||||||||||||
| Beginning balance | $18578 | $16822 | $16103 | $16030 | $15361 | $14618 | $16822 | $14618 | ||||||||||||||||||
| Inflows | 1023 | 1331 | 1224 | 738 | 652 | 715 | 1331 | 715 | 2984 | 4143 | 5153 | |||||||||||||||
| Outflows | (2155) | (2120) | (1402) | (1646) | (1573) | (1592) | (2120) | (1592) | (4239) | (5586) | (7699) | |||||||||||||||
| Net Flows | (1132) | (789) | (178) | (908) | (921) | (877) | (789) | (877) | ||||||||||||||||||
| Market performance | (491) | 180 | 264 | 291 | 399 | (807) | 180 | (807) | 1447 | 1139 | 670 | |||||||||||||||
| Other 13 | (133) | (110) | (159) | (52) | (221) | (31) | (110) | (31) | (4935) | (4940) | (5074) | |||||||||||||||
| Ending Balance | $16822 | $16103 | $16030 | $15361 | $14618 | $12903 | $16103 | $12903 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Institutional Accounts | ||||||||||||||||||||||||||
| Beginning balance | $49200 | $54927 | $57113 | $206391 | $206305 | $208159 | $54927 | $208159 | ||||||||||||||||||
| Inflows | 6125 | 2777 | 3571 | 4399 | 6097 | 4230 | 2777 | 4230 | 6348 | 10747 | 16844 | |||||||||||||||
| Outflows | (2072) | (1919) | (6121) | (8937) | (10004) | (16497) | (1919) | (16497) | (8040) | (16977) | (26981) | |||||||||||||||
| Net Flows | 4053 | 858 | (2550) | (4538) | (3907) | (12267) | 858 | (12267) | ||||||||||||||||||
| Market performance | 564 | 1383 | 1681 | 4511 | 5819 | (1727) | 1383 | (1727) | 3064 | 7575 | 13394 | |||||||||||||||
| Other 1 | (51) | (55) | 150147 | (59) | (58) | (53) | (55) | (53) | 150092 | 150033 | 149975 | |||||||||||||||
| Ending Balance | $53766 | $57113 | $206391 | $206305 | $208159 | $194112 | $57113 | $194112 | ||||||||||||||||||
| Structured Products | ||||||||||||||||||||||||||
| Beginning balance | $6697 | $6131 | $6020 | $28998 | $33600 | $32988 | $6131 | $32988 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | 4743 | -0 | 3836 | -0 | 3836 | -0 | 4743 | 4743 | |||||||||||||||
| Outflows | (452) | (167) | (2240) | (556) | (495) | -0 | (167) | -0 | (2407) | (2963) | (3458) | |||||||||||||||
| Net Flows | (452) | (167) | (2240) | 4187 | (495) | 3836 | (167) | 3836 | ||||||||||||||||||
| Market performance | 39 | 103 | 135 | 371 | 48 | 379 | 103 | 379 | 238 | 609 | 657 | |||||||||||||||
| Other 1 | (46) | (47) | 25083 | 44 | (165) | (157) | (47) | (157) | 25036 | 25080 | 24915 | |||||||||||||||
| Ending Balance | $6238 | $6020 | $28998 | $33600 | $32988 | $37046 | $6020 | $37046 | ||||||||||||||||||
| Total Long-Term | $447059 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||||
| Liquidity | ||||||||||||||||||||||||||
| Beginning balance | - | $ - | $ - | $35706 | $34314 | $21287 | $ - | $21287 | ||||||||||||||||||
| Inflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Outflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Net Flows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Market performance | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Other 1 | - | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | 35706 | 34314 | 21287 | |||||||||||||||
| Ending Balance | - | $ - | $35706 | $34314 | $21287 | $16416 | $ - | $16416 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Intermediary Sold Managed Accounts | ||||||||||||||||||||||||||
| Beginning balance | $44627 | $54035 | $60352 | $90452 | $95777 | $102607 | $54035 | $102607 | ||||||||||||||||||
| Inflows | 4180 | 4809 | 5003 | 5415 | 5515 | 5763 | 4809 | 5763 | 9812 | 15227 | 20742 | |||||||||||||||
| Outflows | (1026) | (1640) | (2140) | (4097) | (4558) | (5574) | (1640) | (5574) | (3780) | (7877) | (12435) | |||||||||||||||
| Net Flows | 3154 | 3169 | 2863 | 1318 | 957 | 189 | 3169 | 189 | ||||||||||||||||||
| Market performance | 1108 | 3148 | 2331 | 4007 | 5873 | 2556 | 3148 | 2556 | 5479 | 9486 | 15359 | |||||||||||||||
| Other 1 | -0 | -0 | 24906 | -0 | -0 | -0 | -0 | -0 | 24906 | 24906 | 24906 | |||||||||||||||
| Ending Balance | $48889 | $60352 | $90452 | $95777 | $102607 | $105352 | $60352 | $105352 | ||||||||||||||||||
| Private Client | ||||||||||||||||||||||||||
| Beginning balance | $29445 | $30700 | $32769 | $33059 | $34795 | $36761 | $30700 | $36761 | ||||||||||||||||||
| Inflows | 981 | 2083 | 1559 | 1629 | 1290 | 1250 | 2083 | 1250 | 3642 | 5271 | 6561 | |||||||||||||||
| Outflows | (794) | (1339) | (2417) | (704) | (567) | (2291) | (1339) | (2291) | (3756) | (4460) | (5027) | |||||||||||||||
| Net Flows | 187 | 744 | (858) | 925 | 723 | (1041) | 744 | (1041) | ||||||||||||||||||
| Market performance | 791 | 1390 | 1085 | 776 | 1351 | (949) | 1390 | (949) | 2475 | 3251 | 4602 | |||||||||||||||
| Other 1 | (64) | (65) | 63 | 35 | (108) | -0 | (65) | -0 | (02) | 33 | (75) | |||||||||||||||
| Ending Balance | $30359 | $32769 | $33059 | $34795 | $36761 | $34771 | $32769 | $34771 | ||||||||||||||||||
| Total Retail Separate Accounts | ||||||||||||||||||||||||||
| Beginning balance | $74072 | $84735 | $93121 | $123511 | $130572 | $139368 | $84735 | $139368 | ||||||||||||||||||
| Inflows | 5161 | 6892 | 6562 | 7044 | 6805 | 7013 | 6892 | 7013 | ||||||||||||||||||
| Outflows | (1820) | (2979) | (4557) | (4801) | (5125) | (7865) | (2979) | (7865) | ||||||||||||||||||
| Net Flows | 3341 | 3913 | 2005 | 2243 | 1680 | (852) | 3913 | (852) | ||||||||||||||||||
| Market performance | 1899 | 4538 | 3416 | 4783 | 7224 | 1607 | 4538 | 1607 | ||||||||||||||||||
| Other 1 | (64) | (65) | 24969 | 35 | (108) | -0 | (65) | -0 | ||||||||||||||||||
| Ending Balance | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | $93121 | $140123 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Closed-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $69596 | $67574 | $68143 | $67072 | $67354 | $66662 | $67574 | $66662 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |||||||||||||||
| Outflows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | (1128) | (1128) | (1128) | |||||||||||||||
| Net Flows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | ||||||||||||||||||
| Market performance | (633) | 2808 | 164 | 1244 | 228 | (4061) | 2808 | (4061) | 2972 | 4216 | 4444 | |||||||||||||||
| Other 1 | (90) | (1423) | (923) | (962) | (920) | (1274) | (1423) | (1274) | (2346) | (3308) | (4228) | |||||||||||||||
| Ending Balance | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | $68143 | $61327 | ||||||||||||||||||
| Exchange Traded Funds | ||||||||||||||||||||||||||
| Beginning balance | $3994 | $5968 | $8633 | $9688 | $9557 | $10392 | $5968 | $10392 | ||||||||||||||||||
| Inflows | 669 | 2657 | 1851 | 1041 | 1777 | 1395 | 2657 | 1395 | 4508 | 5549 | 7326 | |||||||||||||||
| Outflows | (196) | (230) | (513) | (289) | (494) | (632) | (230) | (632) | (743) | (1032) | (1526) | |||||||||||||||
| Net Flows | 473 | 2427 | 1338 | 752 | 1283 | 763 | 2427 | 763 | ||||||||||||||||||
| Market performance | 194 | 346 | (85) | 42 | (88) | (775) | 346 | (775) | 261 | 303 | 215 | |||||||||||||||
| Other 1 | (55) | (108) | (198) | (925) | (360) | (578) | (108) | (578) | (306) | (1231) | (1591) | |||||||||||||||
| Ending Balance | $4606 | $8633 | $9688 | $9557 | $10392 | $9802 | $8633 | $9802 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Retail Funds | ||||||||||||||||||||||||||
| Beginning balance | $238549 | $224521 | $237104 | $404210 | $413254 | $419499 | $224521 | $419499 | $224521 | |||||||||||||||||
| Inflows | 18693 | 20163 | 22173 | 28215 | 26190 | 37542 | 20163 | 37542 | 42336 | 70551 | 96741 | |||||||||||||||
| Outflows | (20935) | (20950) | (22360) | (28369) | (32366) | (36175) | (20950) | (36175) | (43310) | (71679) | (104045) | |||||||||||||||
| Net Flows | (2242) | (787) | (187) | (154) | (6176) | 1367 | (787) | 1367 | ||||||||||||||||||
| Market performance | 6990 | 13954 | 11679 | 9854 | 13694 | 645 | 13954 | 645 | 25633 | 35487 | 49181 | |||||||||||||||
| Other 1 | (270) | (584) | 155614 | (656) | (1273) | (584) | (584) | (584) | 155030 | 154374 | 153101 | |||||||||||||||
| Ending Balance | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | $237104 | $420927 | ||||||||||||||||||
| UCITS2 | ||||||||||||||||||||||||||
| Beginning balance | $471 | $489 | $576 | $666 | $794 | $1223 | $489 | $1223 | $489 | |||||||||||||||||
| Inflows | 49 | 96 | 232 | 135 | 219 | 193 | 96 | 193 | 328 | 463 | 682 | |||||||||||||||
| Outflows | (31) | (16) | (19) | (22) | (50) | (69) | (16) | (69) | (35) | (57) | (107) | |||||||||||||||
| Net Flows | 18 | 80 | 213 | 113 | 169 | 124 | 80 | 124 | ||||||||||||||||||
| Market performance | 01 | 08 | 08 | 16 | 11 | (03) | 08 | (03) | 16 | 32 | 43 | |||||||||||||||
| Other 1 | (01) | (01) | (131) | (01) | 249 | (72) | (01) | (72) | (132) | (133) | 116 | |||||||||||||||
| Ending Balance | $489 | $576 | $666 | $794 | $1223 | $1272 | $576 | $1272 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Variable Insurance Funds | ||||||||||||||||||||||||||
| Beginning balance | $9637 | $9318 | $9488 | $9652 | $9929 | $10054 | $9318 | $10054 | $9318 | |||||||||||||||||
| Inflows | 70 | 68 | 134 | 75 | 69 | 101 | 68 | 101 | 202 | 277 | 346 | |||||||||||||||
| Outflows | (400) | (381) | (407) | (336) | (334) | (378) | (381) | (378) | (788) | (1124) | (1458) | |||||||||||||||
| Net Flows | (330) | (313) | (273) | (261) | (265) | (277) | (313) | (277) | ||||||||||||||||||
| Market performance | 11 | 483 | 436 | 537 | 390 | 56 | 483 | 56 | 919 | 1456 | 1846 | |||||||||||||||
| Other 1 | -0 | -0 | 01 | 01 | -0 | (07) | -0 | (07) | 01 | 02 | 02 | |||||||||||||||
| Ending Balance | $9318 | $9488 | $9652 | $9929 | $10054 | $9826 | $9488 | $9826 | ||||||||||||||||||
| Subtotal ndash Open-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | ||||||||||||||||||
| Inflows | 16423 | 20327 | 22539 | 28425 | 26478 | 37836 | 20327 | 37836 | ||||||||||||||||||
| Outflows | (23842) | (21347) | (22786) | (28727) | (32750) | (36622) | (21347) | (36622) | ||||||||||||||||||
| Net Flows | (7419) | (1020) | (247) | (302) | (6272) | 1214 | (1020) | 1214 | ||||||||||||||||||
| Market performance | (10212) | 14445 | 12123 | 10407 | 14095 | 698 | 14445 | 698 | ||||||||||||||||||
| Other 1 | (705) | (585) | 155484 | (656) | (1024) | (663) | (585) | (663) | ||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| 2016 | 2016 | 2016 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Long-term | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $850188 | $871365 | $888345 | $453663 | $888345 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 354562 | (2523) | (2635) | (2725) | (2283) | (2725) | 352279 | 349756 | 347121 | |||||||||||||
| Ending Balance - Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||
| ERRORREF | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Total | ||||||||||||||||||||||||
| Beginning balance - liquidity | $- | $- | $35706 | $34314 | $21287 | $- | $21287 | |||||||||||||||||
| Change in liquidity | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | |||||||||||||||||
| Ending Balance - Liquidity | - | 35706 | 34314 | 21287 | 16416 | - | 16416 | |||||||||||||||||
| Ending Balance - Total | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | |||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| All Product Flows - Total | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $885894 | $905679 | $909632 | $453663 | $909632 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 390268 | (3915) | (15662) | (7596) | (2283) | (7596) | 387985 | 384070 | 368408 | |||||||||||||
| Ending Balance | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | ||||||||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmScenario | Actuals | ||||
| Q4 2017 | |||||
| Investment management fees as adjusted | Total Products - Non-GAAP | ERRORNAME | |||
| Investment management fees as adjusted | Total Products - ex Liquidity | ERRORNAME | |||
| Investment management fees as adjusted | None | ERRORNAME | |||
| Investment management fees as adjusted | Closed-end Fund | ERRORNAME | |||
| Investment management fees as adjusted | Kayne Rep Revenue | ERRORNAME | |||
| Investment management fees as adjusted | ETF | ERRORNAME | |||
| Investment management fees as adjusted | Open-End Mutual Fund Reported | ERRORNAME | |||
| Investment management fees as adjusted | Open-end Mutual Fund | ERRORNAME | |||
| Investment management fees as adjusted | Variable Products | ERRORNAME | |||
| Investment management fees as adjusted | UCIT | ERRORNAME | |||
| Investment management fees as adjusted | Institutional Reported | ERRORNAME | |||
| Investment management fees as adjusted | Institutional | ERRORNAME | |||
| Investment management fees as adjusted | Structured Product | ERRORNAME | |||
| Investment management fees as adjusted | Separately Managed Accounts Reported | ERRORNAME | |||
| Investment management fees as adjusted | Managed Accounts | ERRORNAME | |||
| Investment management fees as adjusted | VIA Wrap -Trend (3100) | ERRORNAME | |||
| Investment management fees as adjusted | Rampart SMA (5675) | ERRORNAME | |||
| Investment management fees as adjusted | Euclid International (6200) | ERRORNAME | |||
| Investment management fees as adjusted | Intermediary Sponsored Separate Accts (5692) | ERRORNAME | |||
| Investment management fees as adjusted | Liquidity | ERRORNAME | |||
| Average Net Management Fees1 | |||||
| (in basis points annualized) | |||||
| Open-End Funds2 | ERRORNAME | ||||
| Variable Insurance Funds | ERRORNAME | ||||
| Total Open-End Funds | |||||
| Closed-End Funds | ERRORNAME | ||||
| Exchange Traded Funds | ERRORNAME | ||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||
| High Net Worth | |||||
| Total Retail Separate Accounts | |||||
| Institutional Accounts | ERRORNAME | ||||
| Structured Products4 | ERRORNAME | ||||
| Total Long-Term Assets | |||||
| Liquidity | ERRORNAME | ||||
| Total | |||||
| CUBE | tm1AUM | ||||||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||||||
| Jan 2017 | Feb 2017 | Mar 2017 | Apr 2017 | May 2017 | Jun 2017 | Jul 2017 | Aug 2017 | Sep 2017 | Oct 2017 | Nov 2017 | Dec 2017 | ||||||||||||||||
| Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | ||||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| International Equity Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Fixed Income Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Non-Taxable Bond Open-End Mutual FUnd | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Days in Month | 31 | 28 | 31 | 30 | 31 | 30 | 31 | 31 | 30 | 31 | 30 | 31 | |||||||||||||||
| 00849315068 | 00767123288 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | ||||||||||||||||
| Average Assets by Product3 | QTD | YTD | |||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ||||||||||||||||||||||||||
| Variable Insurance Funds | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Open-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Exchange Traded Funds | ERRORNAME | ||||||||||||||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||||||||||||||||||||||||
| High Net Worth | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Retail Separate Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Structured Products | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Long-Term Assets | |||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ||||||||||||||||||||||||||
| Total | |||||||||||||||||||||||||||
| Average Assets by Product3 | |||||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Variable Insurance Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Open-End Funds | - 0 | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Exchange Traded Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Retail Separate Accounts | - 0 | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Structured Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Long-Term Assets | - 0 | ||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total | - 0 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Net Management Fees1 | |||||||||||||||||||||
| (in basis points annualized) | |||||||||||||||||||||
| Retail Funds | 497 | 502 | 505 | 477 | 498 | 502 | 502 | 502 | |||||||||||||
| UCITS2 | 324 | 103 | 154 | 279 | - 0 | - 0 | 103 | - 0 | |||||||||||||
| Variable Insurance Funds | 618 | 612 | 601 | 590 | 658 | 653 | 612 | 653 | |||||||||||||
| Total Open-End Funds | 501 | 505 | 507 | 479 | 501 | 503 | 505 | 503 | |||||||||||||
| Closed-End Funds | 659 | 662 | 658 | 660 | 660 | 663 | 662 | 663 | |||||||||||||
| Exchange Traded Funds | 324 | 317 | 272 | 270 | 157 | 182 | 317 | 182 | |||||||||||||
| Intermediary Sold Managed Accounts | 413 | 409 | 381 | 362 | 358 | 370 | 409 | 370 | |||||||||||||
| Private Client | 711 | 768 | 740 | 749 | 746 | 772 | 768 | 772 | |||||||||||||
| Total Retail Separate Accounts | 532 | 539 | 497 | 466 | 461 | 476 | 539 | 476 | |||||||||||||
| Institutional Accounts | 370 | 372 | 327 | 310 | 312 | 318 | 372 | 318 | |||||||||||||
| Structured Products3 | 763 | 335 | 335 | 471 | 388 | 392 | 335 | 392 | |||||||||||||
| Total Long-Term Assets | 518 | 513 | 483 | 448 | 454 | 460 | 513 | 460 | |||||||||||||
| Liquidity4 | - 0 | - 0 | 114 | 60 | 85 | 118 | - 0 | 118 | |||||||||||||
| Total | 518 | 513 | 475 | 434 | 439 | 453 | 513 | 453 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Assets by Product1 | |||||||||||||||||||||
| Retail Funds | $241740 | $231507 | $296253 | $410279 | $417448 | $426078 | $231507 | $426078 | |||||||||||||
| UCITS2 | 4260 | 538 | 591 | 720 | 930 | 1281 | 538 | 1281 | |||||||||||||
| Variable Insurance Funds | 9759 | 9531 | 9672 | 9810 | 10023 | 10155 | 9531 | 10155 | |||||||||||||
| Total ndash Open-End Funds | $251499 | $241576 | $306516 | $420809 | $428401 | $437514 | $241576 | $437514 | |||||||||||||
| Closed-End Funds | $68534 | $67861 | $68096 | $67581 | $67260 | $63461 | $67861 | $63461 | |||||||||||||
| Exchange Traded Funds | 4260 | $7592 | $9008 | $9450 | $9583 | $10457 | $7592 | $10457 | |||||||||||||
| Intermediary Sold Managed Accounts | 44690 | $53936 | $68667 | $90396 | $95724 | $102472 | $53936 | $102472 | |||||||||||||
| Private Client | 29446 | 30700 | 32770 | 33059 | 34795 | 36761 | 30700 | 36761 | |||||||||||||
| Total ndash Retail Separate Accounts | $74136 | $84636 | $101437 | $123455 | $130519 | $139233 | $84636 | $139233 | |||||||||||||
| Institutional Accounts | $50442 | $56032 | $107951 | $207286 | $209331 | $201658 | $56032 | $201658 | |||||||||||||
| Structured Products | 6434 | 6033 | 13929 | 31111 | 33040 | 36191 | 6033 | 36191 | |||||||||||||
| Total ndash Long-Term Assets | $455305 | $463730 | $606937 | $859692 | $878134 | $888514 | $463730 | $888514 | |||||||||||||
| Liquidity3 | -0 | $00 | $13286 | $33311 | $36351 | $17876 | $00 | $17876 | |||||||||||||
| Total | $455305 | $463730 | $620223 | $893003 | $914485 | $906390 | $463730 | $906390 | |||||||||||||
| CUBE | tm1AUM | ||||
| bpmScenario | Actuals | ||||
| AUM Brand | Consolidated Corporate | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Ending Assets Under Management | Ending Assets Under Management | ||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | |||
| Closed-end Fund | ERRORNAME | ERRORNAME | |||
| NAClosed-end Fund | ERRORNAME | ERRORNAME | |||
| VIPX601 - Virtus Total Return Fund Inc | ERRORNAME | ERRORNAME | |||
| VIPHG30 - Virtus Global Multi-Sector Income Fund | ERRORNAME | ERRORNAME | |||
| VIPHG90 - Duff amp Phelps Select Energy MLP Fund | ERRORNAME | ERRORNAME | |||
| ETF | ERRORNAME | ERRORNAME | |||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | |||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | |||
| Variable Products | ERRORNAME | ERRORNAME | |||
| UCIT | ERRORNAME | ERRORNAME | |||
| Institutional Reported | ERRORNAME | ERRORNAME | |||
| Institutional | ERRORNAME | ERRORNAME | |||
| Structured Product | ERRORNAME | ERRORNAME | |||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | |||
| High Net Worth | ERRORNAME | ERRORNAME | |||
| Managed Accounts | ERRORNAME | ERRORNAME | |||
| Liquidity | ERRORNAME | ERRORNAME | |||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets by Product | ||||||||||||||||
| Retail Funds | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | ||||||||||
| UCITS1 | 4606 | 576 | 666 | 794 | 1223 | 1272 | ||||||||||
| Variable Insurance Funds | 9637 | 9488 | 9652 | 9929 | 10054 | 9826 | ||||||||||
| Total ndash Open-End Funds | $252664 | $247168 | $414528 | $423977 | $430776 | $432025 | ||||||||||
| Closed-End Funds | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | ||||||||||
| Exchange Traded Funds | 4606 | $8633 | $9688 | $9557 | $10392 | $9802 | ||||||||||
| Intermediary Sold Managed Accounts | 48889 | $60352 | $90452 | $95777 | $102607 | $105352 | ||||||||||
| Private Client | 30359 | 32769 | 33059 | 34795 | 36761 | 34771 | ||||||||||
| Total ndash Retail Separate Accounts | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | ||||||||||
| Institutional Accounts | $53766 | 57113 | 206391 | 206305 | 208159 | 194112 | ||||||||||
| Structured Products | 6238 | 6020 | 28998 | 33600 | 32988 | 37046 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Liquidity2 | -0 | $00 | $35706 | $34314 | $21287 | $16416 | ||||||||||
| Total | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | ||||||||||
| Assets by Asset Class | ||||||||||||||||
| Equity | $266695 | $279905 | $416726 | $431479 | $457798 | $458928 | ||||||||||
| of total | 573 | 583 | 490 | 495 | 515 | 525 | ||||||||||
| Fixed Income2 | 157568 | 159087 | 391021 | 397417 | 387400 | 379992 | ||||||||||
| of total | 339 | 331 | 460 | 456 | 436 | 434 | ||||||||||
| Alternatives3 | 41132 | 41206 | 42441 | 42469 | 43147 | 35515 | ||||||||||
| of total | 88 | 86 | 50 | 49 | 49 | 41 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Should be 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | ||||||||||
| Should be $00 | $00 | ($00) | $35706 | $38267 | $2506 | ($394237) | ||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmProduct | Total Products - GAAP | ||||
| bpmScenario | Actuals | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Balance Sheet | ERRORNAME | ERRORNAME | |||
| Asset | ERRORNAME | ERRORNAME | |||
| Cash and Equivalents | ERRORNAME | ERRORNAME | |||
| Cash of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | |||
| Investments | ERRORNAME | ERRORNAME | |||
| Investments - Corporate Holdings | ERRORNAME | ERRORNAME | |||
| Investments - Long Term | ERRORNAME | ERRORNAME | |||
| Investments - Seed Capital | ERRORNAME | ERRORNAME | |||
| Investments - CLO | ERRORNAME | ERRORNAME | |||
| Cash pledged or on deposit of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Accounts receivable net | ERRORNAME | ERRORNAME | |||
| Other assets | ERRORNAME | ERRORNAME | |||
| Furniture equipment and leasehold improvements net | ERRORNAME | ERRORNAME | |||
| Intangible assets net | ERRORNAME | ERRORNAME | |||
| Goodwill | ERRORNAME | ERRORNAME | |||
| Investment in subsidiary | ERRORNAME | ERRORNAME | |||
| Investments of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Cash and cash equivalents of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Other assets of consolidated sponsored investment products and consolidated investment product | ERRORNAME | ERRORNAME | |||
| Deferred Tax Asset | ERRORNAME | ERRORNAME | |||
| Total Liabilities and equity | ERRORNAME | ERRORNAME | |||
| Liability | ERRORNAME | ERRORNAME | |||
| Accounts payable and accrued liabilities | ERRORNAME | ERRORNAME | |||
| Accrued compensation amp benefits | ERRORNAME | ERRORNAME | |||
| Other liabilities | ERRORNAME | ERRORNAME | |||
| Debt | ERRORNAME | ERRORNAME | |||
| Unearned Revenue | ERRORNAME | ERRORNAME | |||
| Dividend Payable | ERRORNAME | ERRORNAME | |||
| Deferred Tax Liability Net | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Debt of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Contingent Consideration | ERRORNAME | ERRORNAME | |||
| Equity | ERRORNAME | ERRORNAME | |||
| Redeemable non-controlling interest | ERRORNAME | ERRORNAME | |||
| Contributed capital of consolidated investment product | ERRORNAME | ERRORNAME |
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | ||||||||
| Liabilities and Equity | |||||||||||||
| Liabilities | |||||||||||||
| Accrued compensation and benefits | $37813 | $16519 | $51978 | $69833 | $86658 | $27471 | |||||||
| Accounts payable and accrued liabilities | 21429 | 30365 | 29167 | 31677 | 29607 | 28214 | |||||||
| Dividends payable | 4117 | 5991 | 6173 | 6318 | 6528 | 6479 | |||||||
| Other liabilities | 13619 | 13702 | 18280 | 18356 | 39895 | 48476 | |||||||
| Contingent consideration | - | - | 51690 | 51690 | - | - | |||||||
| Debt | - | - | 248111 | 248540 | 248320 | 245402 | |||||||
| Total liabilities | $76978 | $66577 | $405399 | $426414 | $411008 | $356042 | |||||||
| Equity | |||||||||||||
| Equity attributable to stockholders | $469799 | $552388 | $573602 | $584209 | $588541 | $608792 | |||||||
| Noncontrolling interests | 0 | - | - | - | - | - | |||||||
| Total liabilities and equity | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | |||||||
| Working capital2 | $150414 | $224848 | $49119 | $68017 | $76339 | $82868 | |||||||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets | ||||||||||||||||
| Cash and cash equivalents | $165421 | $235930 | $127571 | $164867 | $132150 | $80765 | adjusted (5) to align with reported BS | |||||||||
| Investments ndash seed capital | 179105 | 174810 | 104076 | 108511 | 118443 | 115848 | ||||||||||
| Investments ndash other | 38385 | 30714 | 91739 | 92676 | 112105 | 136821 | ||||||||||
| Investments ndash long term | 13689 | 15472 | 18325 | 18309 | 18729 | 20014 | ||||||||||
| Accounts receivable net | 37409 | 38169 | 60557 | 62668 | 66982 | 64267 | adjusted (5) to align with reported BS | |||||||||
| Furniture equipment and leasehold improvements net | 7865 | 7263 | 12295 | 11557 | 10833 | 11396 | ||||||||||
| Intangible assets net | 39030 | 38194 | 312081 | 307017 | 301954 | 296918 | ||||||||||
| Goodwill | 6788 | 6788 | 171170 | 170153 | 170153 | 170153 | ||||||||||
| Deferred taxes net | 44623 | 45716 | 54655 | 49002 | 32428 | 31875 | ||||||||||
| Other assets | 14462 | 25909 | 26532 | 25863 | 35772 | 36777 | ||||||||||
| Total assets | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | ||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Total Cost Codes | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Revenue | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment Management Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Restructuring amp Severance | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Intangible Asset Amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income Net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest and Dividend Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest income of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44820 - CLO Interest income - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64506 - CLO Interest expense - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64000 - Corporate Cost Allocations | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Effective Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense - Discrete Items | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Allocation of earnings to preferred stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | $961 | $297 | $1287 | $1367 | $22 | $438 | $297 | $438 | 1584 | 2951 | 2973 | ||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | 3680 | 4444 | (1424) | 13465 | (2932) | 2259 | 4444 | 2259 | 3020 | 16485 | 13553 | ||||||||||||||||||
| Other income (expense) net | 250 | 646 | 47 | 436 | 506 | 1319 | 646 | 1319 | 693 | 1129 | 1635 | ||||||||||||||||||
| Total other income (expense) net | $4891 | $5387 | ($90) | $15268 | ($2404) | $4016 | $5387 | $4016 | 5297 | 20565 | 18161 | ||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest expense | ($128) | ($243) | ($3739) | ($4116) | ($3909) | ($3858) | ($243) | ($3858) | (3982) | (8098) | (12007) | ||||||||||||||||||
| Interest and dividend income | 221 | 188 | 446 | 679 | 847 | 721 | 188 | 721 | 634 | 1313 | 2160 | ||||||||||||||||||
| Interest and dividend income of consolidated investment products | 5411 | 5656 | 5102 | 17778 | 20787 | 21403 | 5656 | 21403 | 10758 | 28536 | 49323 | 9446 DAlessandro Parul DAlessandro Parul Doesnrsquot agree to what was reported in 62016 | |||||||||||||||||
| Interest expense of consolidated investment products | (3788) | (2857) | (2995) | (16249) | (13142) | (14549) | (2857) | (14549) | (5852) | (22101) | (35243) | (6401) | |||||||||||||||||
| Total interest income (expense) net | $1716 | $2744 | ($1186) | ($1908) | $4583 | $3717 | $2744 | $3717 | 1558 | (350) | 4233 | ||||||||||||||||||
| Income (Loss) Before Income Taxes | $23145 | $18178 | $1908 | $30149 | $30194 | $30350 | $18178 | $30350 | 20086 | 50235 | 80429 | ||||||||||||||||||
| Income tax expense (benefit) | 6869 | 4433 | 1880 | 9626 | 24551 | 6523 | 4433 | 6523 | 6313 | 15939 | 40490 | ||||||||||||||||||
| Net Income (Loss) | $16276 | $13745 | $28 | $20523 | $5643 | $23827 | $13745 | $23827 | 13773 | 34296 | 39939 | ||||||||||||||||||
| Noncontrolling interests | (651) | (718) | (333) | (1731) | (145) | (527) | (718) | (527) | (1051) | (2782) | (2927) | ||||||||||||||||||
| Net Income (Loss) Attributable to Stockholders | $15625 | $13027 | ($305) | $18792 | $5498 | $23300 | $13027 | $23300 | 12722 | 31514 | 37012 | ||||||||||||||||||
| Preferred stockholder dividends | - | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (4168) | (6252) | (8336) | ||||||||||||||||||
| Net Income (Loss) Attributable to Common Stockholders | $15625 | $10943 | ($2389) | $16708 | $3414 | $21216 | $10943 | $21216 | 8554 | 25262 | 28676 | ||||||||||||||||||
| Rows 14 and 15 | 41 | 1632 | 1474 | (3086) | (3086) | 1907 | 41 | (1612) | |||||||||||||||||||||
| -2390 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||
| Revenues | |||||||||||||||||||||||||
| Investment management fees | $60398 | $59271 | $74062 | $97295 | $100447 | $100476 | $59271 | $100476 | 133333 | 230628 | 331075 | ||||||||||||||
| Distribution and service fees | 12116 | 10783 | 10439 | 11482 | 11618 | 12607 | 10783 | 12607 | 21222 | 32704 | 44322 | ||||||||||||||
| Administration and shareholder service fees | 9588 | 8981 | 9476 | 14699 | 15840 | 15738 | 8981 | 15738 | 18457 | 33156 | 48996 | ||||||||||||||
| Other income and fees | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||
| Total revenues | $82324 | $79776 | $94132 | $123675 | $128024 | $129028 | $79776 | $129028 | 173908 | 297583 | 425607 | ||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||
| Employment expenses | $33142 | $39641 | $42992 | $54159 | $54602 | $60696 | $39641 | $60696 | 82633 | 136792 | 191394 | ||||||||||||||
| Distribution and other asset-based expenses | 17380 | 15323 | 15764 | 20552 | 20348 | 22291 | 15323 | 22291 | 31087 | 51639 | 71987 | ||||||||||||||
| Other operating expenses | 11392 | 13226 | 20236 | 17733 | 18215 | 16862 | 13226 | 16862 | 33462 | 51195 | 69410 | ||||||||||||||
| Other operating expenses of consolidated investment products | 635 | 642 | 473 | 6757 | 659 | 511 | 642 | 511 | |||||||||||||||||
| Restructuring and severance | 1879 | - | 8894 | 1584 | 102 | - | - | - | 8894 | 10478 | 10580 | ||||||||||||||
| Depreciation expense | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||
| Amortization expense | 604 | 233 | 1813 | 5063 | 5064 | 5036 | 233 | 5036 | 2046 | 7109 | 12173 | ||||||||||||||
| Total operating expenses | $65786 | $69729 | $90948 | $106886 | $100009 | $106411 | $69729 | $106411 | 160677 | 267563 | 367572 | ||||||||||||||
| Operating Income (Loss) | $16538 | $10047 | $3184 | $16789 | $28015 | $22617 | $10047 | $22617 | 13231 | 30020 | 58035 | ||||||||||||||
| operating margin | 109 | 201 | 160 | 126 | 126 | 175 | |||||||||||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Consolidated ex CSIPs | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - Non-GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Revenues as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Dividend Income - Corporate Holdings | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44801 - Other Inc - Distribution | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 65315 - Foreign Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income - Forex | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||||
| Other Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net as adjusted | $51 | $ - | $ - | $ - | $ - | ($198) | $ - | ($198) | 89 | 140 | 141 | - 0 | - 0 | - 0 | |||||||||||||||||||
| Other income net as adjusted | 250 | 646 | 46 | 436 | 506 | 1319 | 646 | 1319 | 213 | 463 | 1089 | 692 | 1128 | 1634 | |||||||||||||||||||
| Total other income (expense) as adjusted | $301 | $646 | $46 | $436 | $506 | $1121 | $646 | $1121 | 302 | 603 | 1230 | 692 | 1128 | 1634 | |||||||||||||||||||
| Interest Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Interest expense as adjusted | ($128) | ($243) | ($1453) | ($4116) | ($3909) | ($3818) | ($243) | ($3818) | (261) | (389) | (679) | (1696) | (5812) | (9721) | |||||||||||||||||||
| Interest and dividend income as adjusted | 116 | 115 | 279 | 198 | 258 | 268 | 115 | 268 | 248 | 364 | 446 | 394 | 592 | 850 | |||||||||||||||||||
| Total interest income (expense) net as adjusted | ($12) | ($128) | ($1174) | ($3918) | ($3651) | ($3550) | ($128) | ($3550) | (13) | (25) | (233) | (1302) | (5220) | (8871) | |||||||||||||||||||
| Pre-Tax Income (Loss) As Adjusted | $20581 | $14024 | $21534 | $31709 | $35910 | $30383 | $14024 | $30383 | 32188 | 52769 | 71372 | Q1 2017 Adjustment | 35558 | 67267 | 103177 | ||||||||||||||||||
| Income tax expense (benefit) as adjusted | 7693 | 5407 | 8181 | 12173 | 14035 | 8557 | 5407 | 8557 | 12368 | 20061 | 27064 | Q1 2017 Adjustment | 13588 | 25761 | 39796 | ||||||||||||||||||
| Net Income (Loss) As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | 21970 | 41506 | 63381 | |||||||||||||||||||
| Noncontrolling interests as adjusted | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | ||||||||||||||||||||||
| Net Income Attributable to Common Stockholders As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | ||||||||||||||||||||||
| TM1BpmFinance | ||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||
| Total Cost Codes - Non-GAAP | ||||||||||||||||||||||||||||
| Total Line of Business | ||||||||||||||||||||||||||||
| Total Products - Non-GAAP | Q2 2017 | Q2 2017 | Jun 2016 YTD | Jun 2017 YTD | ||||||||||||||||||||||||
| Original | ||||||||||||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||
| Investment management fees as adjusted | Investment management fees as adjusted | $60551 | $59513 | $74272 | $98402 | $102114 | $102047 | $59513 | $102047 | 133785 | 232187 | 334301 | ||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | 12122 | 10793 | 10446 | 11486 | 11623 | 12611 | 10793 | 12611 | 21239 | 32725 | 44348 | ||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and shareholder service fees as adjusted | 9620 | 9015 | 9495 | 14709 | 15849 | 15739 | 9015 | 15739 | 18510 | 33219 | 49068 | ||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||||
| Distribution and other asset-based expenses as adjusted | Distribution and other asset-based expenses as adjusted | (17380) | (15323) | (15764) | (20552) | (20348) | (22291) | (15323) | (22291) | (31087) | (51639) | (71987) | ||||||||||||||||
| Revenues as adjusted | Total revenues as adjusted | $65135 | $64739 | $78604 | $104244 | $109357 | $108313 | $64739 | $108313 | 143343 | 247587 | 356944 | ||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||
| Employment expenses as adjusted | Employment expenses as adjusted | $33142 | $39641 | $40933 | $51884 | $52593 | $58793 | $39641 | $58793 | 80574 | 132458 | 185051 | ||||||||||||||||
| Other operating expenses as adjusted | Other operating expenses as adjusted | 10947 | 10928 | 14233 | 16131 | 16690 | 15693 | 10928 | 15693 | 25161 | 41292 | 57982 | ||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||||
| Operating Expenses as Adjusted | Total operating expenses as adjusted | $44843 | $51233 | $55942 | $69053 | $70302 | $75501 | $51233 | $75501 | 107175 | 176228 | 246530 | ||||||||||||||||
| Operating Income As Adjusted | Operating Income (Loss) As Adjusted | $20292 | $13506 | $22662 | $35191 | $39055 | $32812 | $13506 | $32812 | 36168 | 71359 | 110414 | ||||||||||||||||
| operating margin | 266 | 312 | 284 | 209 | 357 | 303 | ||||||||||||||||||||||
3
AGENDA
Overview of First Quarter
First Quarter Results
Q amp A Session
OVERVIEW OF FIRST QUARTER
5
OVERVIEW OF FIRST QUARTER
See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Assets and Flows
Long-term assets under management decreased $14 billion or 16 sequentially to $874 billion primarily reflecting net outflows and market depreciation
Total sales of $54 billion which included $04 billion of inflows from a new CLO increased $13 billion or 32 sequentially mutual fund sales increased $11 billion or 43
Net outflows of $07 billion reflect positive flows in open-end mutual funds structured products and ETFs more than offset by net outflows in institutional accounts
Non-GAAP Financial Results
Operating income as adjusted of $328 million included $68 million of seasonally higher employment expenses
Operating margin as adjusted of 30 excluding the $68 million adjusted operating margin was 37
Earnings per diluted share as adjusted of $259 reflect seasonally higher employment expenses primarily offset by lower tax expense and an increase in other income as adjusted
Capital Activities Term loan refinancing reduced the interest rate by 125 basis points and increased financial flexibility through
removal of financial maintenance covenant
Added $1050 million of additional term loan capacity to be drawn at closing of SGA transaction
Net debt to Bank EBITDA of 10x increased from 07x sequentially primarily due to lower cash and equivalents resulting from the timing of annual incentive payments
FIRST QUARTER RESULTS
7
$480
$850 $871 $888 $874
$886 $906 $910 $891
33117 63017 93017 123117 33118
ASSETS UNDER MANAGEMENT
Quarterly Trends Commentary
$ in billions 1 Consists of real estate securities master limited partnerships options strategies and other
Sequential decrease in long-term assets of $14 billion or 16 primarily due to net outflows and market depreciation
Change in long-term assets from prior year primarily reflects assets from acquisition and $62 billion of market appreciation
Assets in structured products increased 12 sequentially to $37 billion
Assets diversified by investment style strategy and asset class
Long-Term Liquidity
Equity 583 490 495 515 525
Fixed Income 331 460 456 436 435
Alternatives1 86 50 49 49 40
Long-Term Assets by Asset Class
8
($28)
($61)
$05 ($02) $02 ($08) ($07) $05 ($07)
46 (17) 10 (35) (33) 46 (33)
Sales Metrics
Net Flows1
Net Flow Rate2
YTD 17 YTD 18
$33
$54
($28) ($37) ($44) ($49)($61)
$33 $35 $46 $41
$54
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
ASSET FLOWS
Inflows (Outflows) Year to Date Commentary
$ in billions 1 Net flows exclude flows from liquidity products 2 Annualized net flows divided by beginning of period long-term AUM
Sales increased $13 billion or 32 sequentially
Open-ended fund sales increased $11 billion or 43 reflecting higher sales in domestic equity international equity and fixed income strategies
Structured product sales include $04 billion CLO issuance
Net flows of ($07) billion included
minus Structured products $04 billion
minus Open-end mutual funds $01 billion
minus ETFs $01 billion
minus Retail separate accounts ($01) billion
minus Institutional accounts($12) billion
Net flows
1
9
YTD 17 YTD 18
$595 $743
$984 $1021 $1020
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
513 483 448 454 460 513 460
$464 $607 $860 $878 $889 $464 $889
Metrics
Long-Term Net Fee Rate1 ndash BPS
Long-Term Average AUM - ($Bn)
INVESTMENT MANAGEMENT FEES AS ADJUSTED
Quarterly Results Year to Date Commentary
$ in millions except AUM figures which are in billions 1 Represents net investment management fees divided by average assets Net investment management fees are net investment management fees as adjusted less fees paid to third party service providers for investment management related services See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Investment management fees were unchanged sequentially as higher fee rate and average AUM was offset by two fewer days
Average long-term fee rate increased sequentially due to relative levels of assets in equity products $595
$1020
10
YTD 17 YTD 18
612 521 498 481 543 612 543
of Revenues as adjusted
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Employment expenses as adjusted increased sequentially due to seasonally higher employment expenses of
minus $39 million of payroll taxes due to timing of annual incentive payments
minus $23 million of benefit payments primarily the timing of 401K match
minus $06 million of retirement-eligible employeesrsquo stock-based compensation
Excluding $68 million of seasonally higher expenses employment expense ratio was 48
EMPLOYMENT EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$588
$396 $396 $409
$519 $526 $588
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
11
169 181 155 153 145 169 145
of Revenues as adjusted
YTD 17 YTD 18
$109
$142 $161
$158 $157
$167
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Decrease of $10 million or 6 from prior quarter which included $09 million of transaction costs attributable to the SGA agreement
Other operating expenses as adjusted as a percentage of revenues as adjusted declined 80 bps sequentially
OTHER OPERATING EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$157
$109
SGA Transaction Costs
12
YTD 17 YTD 18
$135
$328
$116 $259
$86 $134 $195 $219 $218 $86 $218
209 288 338 357 303 209 303
Metrics
Net Income As Adjusted
Operating Margin As Adjusted
$135
$227
$352 $391
$328
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$116 $161 $230 $260 $259
$ in millions except per share data See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
NON-GAAP RESULTS
Quarterly Results Year to Date Commentary
Operating Income As Adjusted Diluted EPS as adjusted of $259 was relatively unchanged sequentially as seasonally higher employment expenses offset tax savings and increased other income
minus Excludes dividends and interest earned on seed and CLO investments of $34 million
Operating margin as adjusted of 30 increased 940 bps from prior year
Excluding seasonally higher employment expenses operating margin as adjusted was 37
Diluted earnings per share as adjusted
13
CAPITAL POSITION Select Non-GAAP Balance Sheet Items Commentary
Refinanced term loan to reduce interest rate and increase financial flexibility
Secured additional $1050 million of term loan capacity to be drawn at closing of SGA transaction
Invested $202 million in recently issued CLO
Preferred shares outstanding as adjusted reflect per share conversion price of $128 compared with $117 sequentially
33117 63017 93017 123117 033118
Cash and cash equivalents $236 $128 $165 $132 $81Seed capital investments1 $175 $104 $109 $118 $116Investments - other2 $31 $92 $93 $112 $137Goodwill and intangible assets net $45 $483 $477 $472 $467Deferred taxes net $46 $55 $49 $32 $32Debt3 $0 $248 $249 $248 $245Contingent consideration $0 $52 $52 $0 $0Total equity attributable to stockholders $552 $574 $584 $589 $609
Working capital (WC) 4 $225 $49 $68 $76 $83
Common shares outstanding 6989 7218 7158 7160 7217Hypothetical conversion of preferred shares 5 1045 1045 1035 0980 0900Common shares outstanding as adjusted 5 8035 8263 8193 8140 8117
Metrics Net Debt6 NA $184 $147 $127 $178Gross Debt7 to Bank EBITDA8 NA 15x 15x 15x 15x Net Debt to Bank EBITDA NA 11x 09x 07x 10x
In millions except per share data 1 Represents the companyrsquos investments in sponsored investment products including open-end funds and separate accounts 2 Represents investments not related to seed capital investments primarily company-managed CLOs 3 Defined gross debt less deferred financing costs
4 Defined as cash and equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities contingent consideration and dividends payable
5 Assumes conversion of preferred shares to common shares at the 20 day volume-weighted average common stock price at period end subject to a conversion price range of $110 to $132 per share resulting in a conversion ratio range of 09091 to 07576
6 Defined as gross debt less cash and cash equivalents 7 Defined as total debt outstanding on seven-year term loan 8 Calculated in accordance with the companyrsquos credit agreement See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Financial Supplement
15
NON-GAAP INFORMATION
Income Statement1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues As Adjusted
Investment management fees as adjusted $59513 $74272 $98402 $102114 $102047 $59513 $102047
Distribution and service fees as adjusted 10793 10446 11486 11623 12611 10793 12611
Administration and shareholder service fees as adjusted 9015 9495 14709 15849 15739 9015 15739
Other income and fees as adjusted 741 155 199 119 207 741 207
Distribution and other asset-based expenses as adjusted (15323) (15764) (20552) (20348) (22291) (15323) (22291)
Total revenues as adjusted $64739 $78604 $104244 $109357 $108313 $64739 $108313
Operating Expenses As Adjusted
Employment expenses as adjusted $39641 $40933 $51884 $52593 $58793 $39641 $58793
Other operating expenses as adjusted 10928 14233 16131 16690 15693 10928 15693
Depreciation and other amortization as adjusted 664 776 1038 1019 1015 664 1015
Total operating expenses as adjusted $51233 $55942 $69053 $70302 $75501 $51233 $75501
Operating Income (Loss) As Adjusted $13506 $22662 $35191 $39055 $32812 $13506 $32812
16
NON-GAAP INFORMATION
Income Statement1 (continued) (Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense) As Adjusted
Realized and unrealized gain (loss) on investments net as adjusted
$ - $ - $ - $ - ($198) $ - ($198)
Other income net as adjusted 646 46 436 506 1319 646 1319
Total other income (expense) as adjusted $646 $46 $436 $506 $1121 $646 $1121
Interest Income (Expense) As Adjusted
Interest expense as adjusted ($243) ($1453) ($4116) ($3909) ($3818) ($243) ($3818)
Interest and dividend income as adjusted 115 279 198 258 268 115 268
Total interest income (expense) net as adjusted ($128) ($1174) ($3918) ($3651) ($3550) ($128) ($3550)
Pre-Tax Income (Loss) As Adjusted $14024 $21534 $31709 $35910 $30383 $14024 $30383
Income tax expense (benefit) as adjusted 5407 8181 12173 14035 8557 5407 8557
Net Income (Loss) As Adjusted $8617 $13353 $19536 $21875 $21826 $8617 $21826
17
NON-GAAP INFORMATION
Balance Sheet1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of presenting
balance sheet accounts before the consolidation of investment products
033117 063017 093017 123117 033118
Assets
Cash and cash equivalents $235930 $127571 $164867 $132150 $80765
Investments ndash seed capital 174810 104076 108511 118443 115848
Investments ndash other 30714 91739 92676 112105 136821
Investments ndash long term 15472 18325 18309 18729 20014
Accounts receivable net 38169 60557 62668 66982 64267
Furniture equipment and leasehold improvements net 7263 12295 11557 10833 11396
Intangible assets net 38194 312081 307017 301954 296918
Goodwill 6788 171170 170153 170153 170153
Deferred taxes net 45716 54655 49002 32428 31875
Other assets 25909 26532 25863 35772 36777
Total assets $618965 $979001 $1010623 $999549 $964834
18
NON-GAAP INFORMATION
$ in thousands (1) The non-GAAP financial information included in this presentation differs from US GAAP as a result of presenting balance sheet accounts before the consolidation of
investment products (2) Defined as cash and cash equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities dividends payable and
contingent consideration
Balance Sheet1 (continued) (Unaudited)
033117 063017 093017 123117 033118
Liabilities and Equity
Liabilities
Accrued compensation and benefits $16519 $51978 $69833 $86658 $27471
Accounts payable and accrued liabilities 30365 29167 31677 29607 28214
Dividends payable 5991 6173 6318 6528 6479
Other liabilities 13702 18280 18356 39895 48476
Contingent consideration - 51690 51690 - -
Debt - 248111 248540 248320 245402
Total liabilities $66577 $405399 $426414 $411008 $356042
Equity
Equity attributable to stockholders $552388 $573602 $584209 $588541 $608792
Total liabilities and equity $618965 $979001 $1010623 $999549 $964834
Working capital2 $224848 $49119 $68017 $76339 $82868
19
US GAAP INFORMATION
Income Statement (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues
Investment management fees $59271 $74062 $97295 $100447 $100476 $59271 $100476
Distribution and service fees 10783 10439 11482 11618 12607 10783 12607
Administration and shareholder service fees 8981 9476 14699 15840 15738 8981 15738
Other income and fees 741 155 199 119 207 741 207
Total revenues $79776 $94132 $123675 $128024 $129028 $79776 $129028
Operating Expenses
Employment expenses $39641 $42992 $54159 $54602 $60696 $39641 $60696
Distribution and other asset-based expenses 15323 15764 20552 20348 22291 15323 22291
Other operating expenses 13226 20236 17733 18215 16862 13226 16862
Other operating expenses of consolidated investment products 642 473 6757 659 511 642 511
Restructuring and severance - 8894 1584 102 - - -
Depreciation expense 664 776 1038 1019 1015 664 1015
Amortization expense 233 1813 5063 5064 5036 233 5036
Total operating expenses $69729 $90948 $106886 $100009 $106411 $69729 $106411
Operating Income (Loss) $10047 $3184 $16789 $28015 $22617 $10047 $22617
20
US GAAP INFORMATION
Income Statement (continued) (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense)
Realized and unrealized gain (loss) on investments net $297 $1287 $1367 $22 $438 $297 $438
Realized and unrealized gain (loss) of consolidated investment products net
4444 (1424) 13465 (2932) 2259 4444 2259
Other income (expense) net 646 47 436 506 1319 646 1319
Total other income (expense) net $5387 ($90) $15268 ($2404) $4016 $5387 $4016
Interest Income (Expense)
Interest expense ($243) ($3739) ($4116) ($3909) ($3858) ($243) ($3858)
Interest and dividend income 188 446 679 847 721 188 721
Interest and dividend income of consolidated investment products
5656 5102 17778 20787 21403 5656 21403
Interest expense of consolidated investment products (2857) (2995) (16249) (13142) (14549) (2857) (14549)
Total interest income (expense) net $2744 ($1186) ($1908) $4583 $3717 $2744 $3717
Income (Loss) Before Income Taxes $18178 $1908 $30149 $30194 $30350 $18178 $30350
Income tax expense (benefit) 4433 1880 9626 24551 6523 4433 6523
Net Income (Loss) $13745 $28 $20523 $5643 $23827 $13745 $23827
Noncontrolling interests (718) (333) (1731) (145) (527) (718) (527)
Net Income (Loss) Attributable to Stockholders $13027 ($305) $18792 $5498 $23300 $13027 $23300
Preferred stockholder dividends (2084) (2084) (2084) (2084) (2084) (2084) (2084)
Net Income (Loss) Attributable to Common Stockholders $10943 ($2389) $16708 $3414 $21216 $10943 $21216
21
ASSETS UNDER MANAGEMENT
Assets Product and Asset Class
$ in millions (1) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts (3) Consists of real estate securities master-limited partnerships options strategies and other
033117 063017 093017 123117 033118
Assets by Product
Retail Funds $237104 $404210 $413254 $419499 $420927
UCITS1 576 666 794 1223 1272 Variable Insurance Funds 9488 9652 9929 10054 9826 Total ndash Open-End Funds $247168 $414528 $423977 $430776 $432025
Closed-End Funds $68143 $67072 $67354 $66662 $61327Exchange Traded Funds $8633 $9688 $9557 $10392 $9802
Intermediary Sold Managed Accounts $60352 $90452 $95777 $102607 $105352Private Client 32769 33059 34795 36761 34771 Total ndash Retail Separate Accounts $93121 $123511 $130572 $139368 $140123
Institutional Accounts 57113 206391 206305 208159 194112 Structured Products 6020 28998 33600 32988 37046
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
Liquidity2 $00 $35706 $34314 $21287 $16416 Total $480198 $885894 $905679 $909632 $890851
Assets by Asset Class
Equity $279905 $416726 $431479 $457798 $458928 of total 583 490 495 515 525
Fixed Income2 159087 391021 397417 387400 379992 of total 331 460 456 436 434
Alternatives3 41206 42441 42469 43147 35515 of total 86 50 49 49 41
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
22
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows TotalLong-term
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18Long-termBeginning balance $453663 $480198 $850188 $871365 $888345 $453663 $888345Inflows 32653 34523 45652 41157 54310 32653 54310Outflows (27458) (36529) (43310) (48868) (61616) (27458) (61616)Net Flows 5195 (2006) 2342 (7711) (7306) 5195 (7306)Market performance 23623 17434 21358 27326 (3879) 23623 (3879)Other1 (2283) 354562 (2523) (2635) (2725) (2283) (2725)Ending Balance - Long-Term $480198 $850188 $871365 $888345 $874435 $480198 $874435Ending Balance - Liquidity - 35706 34314 21287 16416 - 16416 Ending Balance - Total $480198 $885894 $905679 $909632 $890851 $480198 $890851
23
ASSETS UNDER MANAGEMENT
Asset Flows Product
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage (2) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Retail FundsBeginning balance $224521 $237104 $404210 $413254 $419499 $224521 $419499Inflows 20163 22173 28215 26190 37542 20163 37542 Outflows (20950) (22360) (28369) (32366) (36175) (20950) (36175) Net Flows (787) (187) (154) (6176) 1367 (787) 1367 Market performance 13954 11679 9854 13694 645 13954 645
Other 1 (584) 155614 (656) (1273) (584) (584) (584) Ending Balance $237104 $404210 $413254 $419499 $420927 $237104 $420927
UCITS2
Beginning balance $489 $576 $666 $794 $1223 $489 $1223Inflows 96 232 135 219 193 96 193 Outflows (16) (19) (22) (50) (69) (16) (69) Net Flows 80 213 113 169 124 80 124 Market performance 08 08 16 11 (03) 08 (03)
Other 1 (01) (131) (01) 249 (72) (01) (72) Ending Balance $576 $666 $794 $1223 $1272 $576 $1272
24
ASSETS UNDER MANAGEMENT
Asset Flows Product
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Variable Insurance FundsBeginning balance $9318 $9488 $9652 $9929 $10054 $9318 $10054Inflows 68 134 75 69 101 68 101 Outflows (381) (407) (336) (334) (378) (381) (378) Net Flows (313) (273) (261) (265) (277) (313) (277) Market performance 483 436 537 390 56 483 56
Other 1 - 01 01 - (07) - (07) Ending Balance $9488 $9652 $9929 $10054 $9826 $9488 $9826
Subtotal ndash Open-End FundsBeginning balance $234328 $247168 $414528 $423977 $430776 $234328 $430776Inflows 20327 22539 28425 26478 37836 20327 37836 Outflows (21347) (22786) (28727) (32750) (36622) (21347) (36622) Net Flows (1020) (247) (302) (6272) 1214 (1020) 1214 Market performance 14445 12123 10407 14095 698 14445 698
Other 1 (585) 155484 (656) (1024) (663) (585) (663) Ending Balance $247168 $414528 $423977 $430776 $432025 $247168 $432025
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
25
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Closed-End FundsBeginning balance $67574 $68143 $67072 $67354 $66662 $67574 $66662Inflows - - - - - - - Outflows (816) (312) - - - (816) - Net Flows (816) (312) - - - (816) - Market performance 2808 164 1244 228 (4061) 2808 (4061)
Other 1 (1423) (923) (962) (920) (1274) (1423) (1274) Ending Balance $68143 $67072 $67354 $66662 $61327 $68143 $61327
Exchange Traded FundsBeginning balance $5968 $8633 $9688 $9557 $10392 $5968 $10392Inflows 2657 1851 1041 1777 1395 2657 1395 Outflows (230) (513) (289) (494) (632) (230) (632) Net Flows 2427 1338 752 1283 763 2427 763 Market performance 346 (85) 42 (88) (775) 346 (775)
Other 1 (108) (198) (925) (360) (578) (108) (578) Ending Balance $8633 $9688 $9557 $10392 $9802 $8633 $9802
26
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Intermediary Sold Managed AccountsBeginning balance $54035 $60352 $90452 $95777 $102607 $54035 $102607Inflows 4809 5003 5415 5515 5763 4809 5763 Outflows (1640) (2140) (4097) (4558) (5574) (1640) (5574) Net Flows 3169 2863 1318 957 189 3169 189 Market performance 3148 2331 4007 5873 2556 3148 2556
Other 1 - 24906 - - - - - Ending Balance $60352 $90452 $95777 $102607 $105352 $60352 $105352
Private ClientBeginning balance $30700 $32769 $33059 $34795 $36761 $30700 $36761Inflows 2083 1559 1629 1290 1250 2083 1250 Outflows (1339) (2417) (704) (567) (2291) (1339) (2291) Net Flows 744 (858) 925 723 (1041) 744 (1041) Market performance 1390 1085 776 1351 (949) 1390 (949)
Other 1 (65) 63 35 (108) - (65) - Ending Balance $32769 $33059 $34795 $36761 $34771 $32769 $34771
Total Retail Separate AccountsBeginning balance $84735 $93121 $123511 $130572 $139368 $84735 $139368Inflows 6892 6562 7044 6805 7013 6892 7013 Outflows (2979) (4557) (4801) (5125) (7865) (2979) (7865) Net Flows 3913 2005 2243 1680 (852) 3913 (852) Market performance 4538 3416 4783 7224 1607 4538 1607
Other 1 (65) 24969 35 (108) - (65) - Ending Balance $93121 $123511 $130572 $139368 $140123 $93121 $140123
27
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Institutional AccountsBeginning balance $54927 $57113 $206391 $206305 $208159 $54927 $208159Inflows 2777 3571 4399 6097 4230 2777 4230 Outflows (1919) (6121) (8937) (10004) (16497) (1919) (16497) Net Flows 858 (2550) (4538) (3907) (12267) 858 (12267) Market performance 1383 1681 4511 5819 (1727) 1383 (1727)
Other 1 (55) 150147 (59) (58) (53) (55) (53) Ending Balance $57113 $206391 $206305 $208159 $194112 $57113 $194112
Structured ProductsBeginning balance $6131 $6020 $28998 $33600 $32988 $6131 $32988Inflows - - 4743 - 3836 - 3836 Outflows (167) (2240) (556) (495) - (167) - Net Flows (167) (2240) 4187 (495) 3836 (167) 3836 Market performance 103 135 371 48 379 103 379
Other 1 (47) 25083 44 (165) (157) (47) (157) Ending Balance $6020 $28998 $33600 $32988 $37046 $6020 $37046
LiquidityBeginning balance $ - $ - $35706 $34314 $21287 $ - $21287
Other 1 - 35706 (1392) (13027) (4871) - (4871) Ending Balance $ - $35706 $34314 $21287 $16416 $ - $16416
28
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Domestic Equity FundsBeginning balance $43354 $45745 $111649 $115133 $120233 $43354 $120233Inflows 3754 4585 8151 7646 13869 3754 13869 Outflows (4032) (4690) (8631) (8960) (10113) (4032) (10113) Net Flows (278) (105) (480) (1314) 3756 (278) 3756 Market performance 2573 3285 4239 6662 1006 2573 1006
Other 2 96 62724 (275) (248) 169 96 169 Ending Balance $45745 $111649 $115133 $120233 $125164 $45745 $125164
International Equity FundsBeginning balance $83003 $91969 $101510 $105954 $112960 $83003 $112960Inflows 7882 8130 6828 6257 8537 7882 8537 Outflows (8884) (7220) (6202) (4716) (8875) (8884) (8875) Net Flows (1002) 910 626 1541 (338) (1002) (338) Market performance 10220 7828 3800 5624 111 10220 111
Other 2 (252) 803 18 (159) (60) (252) (60) Ending Balance $91969 $101510 $105954 $112960 $112673 $91969 $112673
Total Equity FundsBeginning balance $126357 $137714 $213159 $221087 $233193 $126357 $233193Inflows 11636 12715 14979 13903 22406 11636 22406 Outflows (12916) (11910) (14833) (13676) (18988) (12916) (18988) Net Flows (1280) 805 146 227 3418 (1280) 3418 Market performance 12793 11113 8039 12286 1117 12793 1117
Other 2 (156) 63527 (257) (407) 109 (156) 109 Ending Balance $137714 $213159 $221087 $233193 $237837 $137714 $237837
Cognos_Office_Connection_Cache
2 NGIS
3 NGIS
Non-GAAP IS Data
4 GAAPIS
5 GAAPIS
GAAP IS Data
6 BS
7 BS
Sheet2
8 AUM
8 AUM Data
9 Fees
9 AVG Assets
9 Fees Data Avg AUM
9 Fees Data Fees
10 AUM T
10 AUM T Data
11 Flows
11 Flows Data
12 Flows
13 Flows
14 Flows
15amp17 Flows
16 Flows
OEF AUM
24 Other
RidgeWorth
29
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Excludes liquidity funds (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows Open-End Funds1 by Asset Class (continued)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Taxable Bond Funds2
Beginning balance $89188 $91382 $175183 $177544 $173630 $89188 $173630Inflows 7256 8342 12388 11601 14186 7256 14186Outflows (6149) (9139) (11685) (16523) (15177) (6149) (15177)Net Flows 1107 (797) 703 (4922) (991) 1107 (991) Market performance 1445 737 2002 1354 493 1445 493
Other3 (358) 83861 (344) (346) (714) (358) (714)Ending Balance $91382 $175183 $177544 $173630 $172418 $91382 $172418
Non-Taxable Bond FundsBeginning balance $1961 $1969 $10156 $9985 $9335 $1961 $9335Inflows 104 258 320 322 529 104 529 Outflows (162) (335) (563) (978) (865) (162) (865) Net Flows (58) (77) (243) (656) (336) (58) (336) Market performance 27 09 75 56 (105) 27 (105)
Other3 39 8255 (03) (50) (27) 39 (27) Ending Balance $1969 $10156 $9985 $9335 $8867 $1969 $8867
Total Fixed Income FundsBeginning balance $91149 $93351 $185339 $187529 $182965 $91149 $182965Inflows 7360 8600 12708 11923 14715 7360 14715 Outflows (6311) (9474) (12248) (17501) (16042) (6311) (16042) Net Flows 1049 (874) 460 (5578) (1327) 1049 (1327) Market performance 1472 746 2077 1410 388 1472 388
Other3 (319) 92116 (347) (396) (741) (319) (741) Ending Balance $93351 $185339 $187529 $182965 $181285 $93351 $181285
30
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class (continued)
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Consists of real estate securities master-limited partnerships option strategies and other (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Alternative Funds2
Beginning balance $16822 $16103 $16030 $15361 $14618 $16822 $14618Inflows 1331 1224 738 652 715 1331 715 Outflows (2120) (1402) (1646) (1573) (1592) (2120) (1592) Net Flows (789) (178) (908) (921) (877) (789) (877) Market performance 180 264 291 399 (807) 180 (807)
Other 13 (110) (159) (52) (221) (31) (110) (31) Ending Balance $16103 $16030 $15361 $14618 $12903 $16103 $12903
31
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM
$ in millions (1) Represents net investment management fees divided by average assets Net investment management fees are investment management fees as adjusted less fees paid to third-party
service providers for investment management related services which impacted the fee rate in the three months ended March 31 2018 for Open-End Funds and All Products by 05 and 04 basis points respectively
(2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes incentive fees earned in the three months ended September 30 2017 December 31 2017 and March 31 2018 which impacted the fee rate by 102 14 and 02 basis points
respectively (4) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Net Management Fees1
(in basis points annualized)Retail Funds 502 505 477 498 502 502 502
UCITS2 103 154 279 - - 103 - Variable Insurance Funds 612 601 590 658 653 612 653 Total Open-End Funds 505 507 479 501 503 505 503
Closed-End Funds 662 658 660 660 663 662 663 Exchange Traded Funds 317 272 270 157 182 317 182
Intermediary Sold Managed Accounts 409 381 362 358 370 409 370 Private Client 768 740 749 746 772 768 772 Total Retail Separate Accounts 539 497 466 461 476 539 476
Institutional Accounts 372 327 310 312 318 372 318
Structured Products3 335 335 471 388 392 335 392 Total Long-Term Assets 513 483 448 454 460 513 460
Liquidity4 - 114 60 85 118 - 118 Total 513 475 434 439 453 513 453
32
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM (continued)
$ in millions (1) Averages are calculated as follows Funds ndash average daily or weekly balances Retail Separate Accounts ndash prior quarter ending balance or average of month-end balances in quarter
Institutional Accounts ndash average of month-end balances in quarter (2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Assets by Product1
Retail Funds $231507 $296253 $410279 $417448 $426078 $231507 $426078
UCITS2 538 591 720 930 1281 538 1281 Variable Insurance Funds 9531 9672 9810 10023 10155 9531 10155 Total ndash Open-End Funds $241576 $306516 $420809 $428401 $437514 $241576 $437514
Closed-End Funds $67861 $68096 $67581 $67260 $63461 $67861 $63461Exchange Traded Funds $7592 $9008 $9450 $9583 $10457 $7592 $10457
Intermediary Sold Managed Accounts $53936 $68667 $90396 $95724 $102472 $53936 $102472Private Client 30700 32770 33059 34795 36761 30700 36761 Total ndash Retail Separate Accounts $84636 $101437 $123455 $130519 $139233 $84636 $139233
Institutional Accounts $56032 $107951 $207286 $209331 $201658 $56032 $201658Structured Products 6033 13929 31111 33040 36191 6033 36191 Total ndash Long-Term Assets $463730 $606937 $859692 $878134 $888514 $463730 $888514
Liquidity3 $00 $13286 $33311 $36351 $17876 $00 $17876 Total $463730 $620223 $893003 $914485 $906390 $463730 $906390
33
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100476$ -$ 1571$ -$ -$ -$ -$ 102047$ Distribution and services fees 12607 - 4 - - - - 12611 Administration and transfer agent fees 15738 - 1 - - - - 15739 Other income and fees 207 - - - - - - 207 Distribution and other asset-based expenses - (22291) - - - - - (22291) Total revenues 129028 (22291) 1576 - - - - 108313
Operating ExpensesEmployment expenses 60696 - - - - (1903) - 58793 Distribution and other asset-based expenses 22291 (22291) - - - - - - Other operating expense 16862 - - - - (1189) 20 15693 Other operating expenses of consolidated investment products 511 - (511) - - - - - Depreciation expense 1015 - - - - - - 1015 Amortization expense 5036 - - (5036) - - - - Total operating expenses 106411 (22291) (511) (5036) - (3092) 20 75501
Operating Income (Loss) 22617 - 2087 5036 - 3092 (20) 32812
Other Income (Expense)Realized and unrealized gain (loss) on investments net 438 - 1056 - (1692) - - (198) Realized and unrealized gain (loss) of consolidated investment products net 2259 - (2259) - - - - - Other income (expense) net 1319 - 2494 - (2494) - - 1319 Total other income (expense) net 4016 - 1291 - (4186) - - 1121
Interest Income (Expense)Interest expense (3858) - - - - 40 - (3818) Interest and dividend income 721 - 2949 - (3402) - - 268 Interest and dividend income of investments of consolidated investment products net 21403 - (21403) - - - - - Interest expense of consolidated investment products (14549) - 14549 - - - - - Total interest income (expense) net 3717 - (3905) - (3402) 40 - (3550) Income (Loss) Before Income Taxes 30350 - (527) 5036 (7588) 3132 (20) 30383 Income tax expense (benefit) 6523 - - 1410 (1141) 877 888 8557 Net Income (Loss) 23827 - (527) 3626 (6447) 2255 (908) 21826 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (527) - 527 - - - - Net Income (Loss) Attributable to Common Stockholders 21216$ -$ -$ 3626$ (6447)$ 2255$ 1176$ 21826$
Earnings (Loss) Per Share - Diluted 277$ 259$
Weighted Average Shares Outstanding - Diluted (Thousands) 8411 8411
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q1 2018
$ and share counts in thousands except per share data
(Unaudited)
34
US GAAP TO NON-GAAP RECONCILIATION
$ and share counts in thousands except per share data
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100447$ -$ 1667$ -$ -$ -$ -$ 102114$ Distribution and services fees 11618 - 5 - - - - 11623 Administration and transfer agent fees 15840 - 9 - - - - 15849 Other income and fees 119 - - - - - - 119 Distribution and other asset-based expenses - (20348) - - - - - (20348) Total revenues 128024 (20348) 1681 - - - - 109357
Operating ExpensesEmployment expenses 54602 - - - - (2009) - 52593 Distribution and other asset-based expenses 20348 (20348) - - - - - - Other operating expense 18215 - - - - (1269) (256) 16690 Other operating expenses of consolidated investment products 659 - (659) - - - - - Restructuring and severance 102 - - - - (102) - - Depreciation expense 1019 - - - - - - 1019 Amortization expense 5064 - - (5064) - - - - Total operating expenses 100009 (20348) (659) (5064) - (3380) (256) 70302
Operating Income (Loss) 28015 - 2340 5064 - 3380 256 39055
Other Income (Expense)Realized and unrealized gain (loss) on investments net 22 - 271 - (293) - - - Realized and unrealized gain (loss) of consolidated investment products net (2932) - 2932 - - - - - Other income (expense) net 506 - (65) - 65 - - 506 Total other income (expense) net (2404) - 3138 - (228) - - 506
Interest Income (Expense)Interest expense (3909) - - - - - - (3909) Interest and dividend income 847 - 2022 - (2611) - - 258 Interest and dividend income of investments of consolidated investment products net 20787 - (20787) - - - - - Interest expense of consolidated investment products (13142) - 13142 - - - - - Total interest income (expense) net 4583 - (5623) - (2611) - - (3651) Income (Loss) Before Income Taxes 30194 - (145) 5064 (2839) 3380 256 35910 Income tax expense (benefit) 24551 - - 1979 (1767) 1321 (12049) 14035 Net Income (Loss) 5643 - (145) 3085 (1072) 2059 12305 21875 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (145) - 145 - - - - Net Income (Loss) Attributable to Common Stockholders 3414$ -$ -$ 3085$ (1072)$ 2059$ 14389$ 21875$
Earnings (Loss) Per Share - Diluted 046$ 260$ Weighted Average Shares Outstanding - Diluted (Thousands) 7433 8413
Reclassifications Adjustments
Q4 2017 (Unaudited)
Cognos_Office_Connection_Cache
Dec 2017 YTD
Q4 2017
Q3 2016
Sheet2
Sheet3
35
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 97295$ -$ 1107$ -$ -$ -$ -$ -$ 98402$ Distribution and services fees 11482 - 4 - - - - - 11486 Administration and transfer agent fees 14699 - 10 - - - - - 14709 Other income and fees 199 - - - - - - - 199 Distribution and other asset-based expenses - (20552) - - - - - - (20552) Total revenues 123675 (20552) 1121 - - - - - 104244
Operating ExpensesEmployment expenses 54159 - - - - - (2275) - 51884 Distribution and other asset-based expenses 20552 (20552) - - - - - - - Other operating expense 17733 - - - - - (1196) (406) 16131 Other operating expenses of consolidated investment products 6757 - (6757) - - - - - Restructuring and severance 1584 - - - (137) - (1447) - - Depreciation expense 1038 - - - - - - - 1038 Amortization expense 5063 - - (5063) - - - - - Total operating expenses 106886 (20552) (6757) (5063) (137) - (4918) (406) 69053
Operating Income (Loss) 16789 - 7878 5063 137 - 4918 406 35191
Other Income (Expense)Realized and unrealized gain (loss) on investments net 1367 - 1880 - - (3247) - - - Realized and unrealized gain (loss) of consolidated investment products net 13465 - (13465) - - - - - Other income (expense) net 436 - 33 - - (33) - - 436 Total other income (expense) net 15268 - (11552) - - (3280) - - 436
Interest Income (Expense)Interest expense (4116) - - - - - - - (4116) Interest and dividend income 679 - 3472 - - (3953) - - 198 Interest and dividend income of investments of consolidated investment products net 17778 - (17778) - - - - - Interest expense of consolidated investment products (16249) - 16249 - - - - - - Total interest income (expense) net (1908) - 1943 - - (3953) - - (3918) Income (Loss) Before Income Taxes 30149 - (1731) 5063 137 (7233) 4918 406 31709 Income tax expense (benefit) 9626 - - 1944 53 (1678) 1889 339 12173 Net Income (Loss) 20523 - (1731) 3119 84 (5555) 3029 67 19536 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (1731) - 1731 - - - - - Net Income (Loss) Attributable to Common Stockholders 16708$ -$ -$ 3119$ 84$ (5555)$ 3029$ 2151$ 19536$
Earnings (Loss) Per Share - Diluted 221$ 230$
Weighted Average Shares Outstanding - Diluted (Thousands) 8492 8492
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q3 2017
$ and share counts in thousands except per share data
(Unaudited)
36
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 74062$ -$ 210$ -$ -$ -$ -$ -$ 74272$ Distribution and services fees 10439 - 7 - - - - - 10446 Administration and transfer agent fees 9476 - 19 - - - - - 9495 Other income and fees 155 - - - - - - - 155 Distribution and other asset-based expenses - (15764) - - - - - - (15764) Total revenues 94132 (15764) 236 - - - - - 78604
Operating ExpensesEmployment expenses 42992 - - - - - (2059) - 40933 Distribution and other asset-based expenses 15764 (15764) - - - - - - - Other operating expense 20236 - - - - - (5629) (374) 14233
Other operating expenses of consolidated investment products 473 - (473) - - - - - Restructuring and severance 8894 - - - (255) - (8639) - - Depreciation and other amortization 776 - - - - - - - 776 Amortization expense 1813 - - (1813) - - - - - Total operating expenses 90948 (15764) (473) (1813) (255) - (16327) (374) 55942
Operating Income 3184 - 709 1813 255 - 16327 374 22662
Other (Expense)IncomeRealized and unrealized gain(loss) on investments net 1287 - 397 - - (1684) - - - of consolidated investment products net (1424) - 1424 - - - - - Other income net 47 - (1944) - - 1943 - - 46 Total other (expense)income net (90) - (123) - - 259 - - 46
Interest (Expense)IncomeInterest expense (3739) - - - - - 2286 - (1453) Interest and dividend income 446 - 1188 - - (1355) - - 279 Interest and dividend income of investments of consolidated investment products net 5102 - (5102) - - - - - Interest expense of consolidated investment products (2995) - 2995 - - - - - - Total (expense)income net (1186) - (919) - - (1355) 2286 - (1174) Income Before Income Taxes 1908 - (333) 1813 255 (1096) 18613 374 21534 Income tax expense 1880 - - 689 97 (237) 7073 (1321) 8181 Net Income 28 - (333) 1124 158 (859) 11540 1695 13353 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (333) - 333 - - - - - - Net (Loss)Income Attributable to Common Stockholders (2389)$ -$ -$ 1124$ 158$ (859)$ 11540$ 3779$ 13353$ (Loss)Earnings Per Share - Diluted (034)$ 161$
Weighted Average Shares Outstanding - Diluted (in thousands) 7064 8311
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION Q2 2017
$ and share counts in thousands except per share data
(Unaudited)
37
US GAAP TO NON-GAAP RECONCILIATION Q1 2017
$ and share counts in thousands except per share data
(Unaudited) US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 59271$ -$ 242$ -$ -$ -$ -$ 59513$ Distribution and services fees 10783 - 10 - - - - 10793 Administration and transfer agent fees 8981 - 34 - - - - 9015 Other income and fees 741 - - - - - - 741 Distribution and other asset-based expenses - (15323) - - - - - (15323) Total revenues 79776 (15323) 286 - - - - 64739
Operating ExpensesEmployment expenses 39641 - - - - - - 39641 Distribution and other asset-based expenses 15323 (15323) - - - - - - Other operating expense 13226 - - - - (1629) (669) 10928 Other operating expenses of consolidated investment vehicles 642 - (642) - - - - - Depreciation and other amortization 664 - - - - - - 664 Amortization expense 233 - - (233) - - - - Total operating expenses 69729 (15323) (642) (233) - (1629) (669) 51233
Operating Income 10047 - 928 233 - 1629 669 13506
Other Income (Expense)Realized and unrealized gain (loss) on investments net 297 - 3513 - (3810) - - - of consolidated investment vehicles net 4444 - (4444) - - - - - Other income (expense) net 646 - 1424 - (1424) - - 646 Total other income (expense) net 5387 - 493 - (5234) - - 646
Interest Income (Expense)Interest expense (243) - - - - - - (243) Interest and dividend income 188 - 660 - (733) - - 115 Interest and dividend income of investments of consolidated investment vehicles net 5656 - (5656) - - - - - Interest expense of consolidated investment vehicles (2857) - 2857 - - - - - Total interest (expense) income net 2744 - (2139) - (733) - - (128) Income Before Income Taxes 18178 - (718) 233 (5967) 1629 669 14024 Income tax expense 4433 - - 90 (288) 628 544 5407 Net Income 13745 - (718) 143 (5679) 1001 125 8617 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (718) - 718 - - - - - Net Income Attributable to Common Stockholders 10943$ -$ -$ 143$ (5679)$ 1001$ 2209$ 8617$ Earnings Per Share - Diluted 162$ 116$ Weighted Average Shares Outstanding - Diluted (in thousands) 6773 7447
Reclassifications Adjustments
Stmt of Ops
Adj Stmt of Ops
1Q 17 Rec
4Q16 Rec
3Q 16 Rec
2Q 16 Rec
1Q 16 Rec
4Q 15 Rec
3Q 15 Rec
2Q 15 Rec
Cognos_Office_Connection_Cache
4Q 16 YTD CHECK
4Q 16 YTD Rec
4Q 15 YTD Rec
3Q 15 YTD Rec
Footnote
3Q 15 Recon (2)
Sheet1
38
Non-GAAP financial information differ from financial information determined in accordance with US GAAP as a result of the reclassification of certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures Notes to Reconciliations 1 Distribution and other asset-based expenses - Primarily payments to third-party distribution partners and third-party service providers for providing services to
investors in our sponsored funds and payments to third-party service providers for investment management-related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that do not utilize intermediary distribution partners or third-party service providers
2 Consolidated investment products - Revenues and expenses generated by operating activities of majority-owned mutual funds and CLOs that are consolidated in the financial statements Management believes that excluding these operating activities to reflect net revenues and expenses of the company prior to the consolidation of these products is consistent with the approach of reflecting its operating results from managing third-party client assets
3 Amortization of intangible assets - Non-cash amortization expense or impairment expense if any attributable to acquisition-related intangible assets Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
4 Restructuring and severance - Certain expenses associated with restructuring the business including lease abandonment-related expenses and severance costs associated with staff reductions that are not reflective of the ongoing earnings generation of the business Management believes that making this adjustment aids in comparing the companys operating results with prior periods
5 Acquisition and integration expenses - Expenses that are directly related to acquisition and integration activities Acquisition expenses include transaction closing costs certain professional fees and financing fees Integration expenses include costs incurred that are directly attributable to combining businesses including compensation restructuring and severance charges professional fees consulting fees and other expenses Management believes that making these adjustments aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
6 Other - Certain expenses that are not reflective of the ongoing earnings generation of the business In addition it includes income tax expense(benefit) items such as adjustments for uncertain tax positions valuation allowances and other unusual or infrequent items not related to current operating results to reflect a normalized effective rate Preferred dividends are adjusted as the shares are mandatorily convertible into common shares at the end of three years and weighted average shares as adjusted reflects the conversion Management believes that making these adjustments aids in comparing the companyrsquos operating results with prior periods
7 Seed capital and CLO investments earnings (losses) - Gains and losses (realized and unrealized) dividends and interest income generated by seed capital and CLO investments Earnings or losses generated by investments in seed capital and CLO investments can vary significantly from period to period and do not reflect the companyrsquos operating results from providing investment management and related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with prior periods and with other asset management firms that do not have meaningful seed capital and CLO investments
FOOTNOTES
39
FOOTNOTES
Components of Acquisition and Integration Expenses and Other for the respective periods are shown in the table below
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Acquisition and Integration Expenses
Employment expenses $ - 2059 $2275 $2009 $1903 $ - $1903
Restructuring and severance - 8639 1447 102 - - -
Other operating expenses 1629 5629 1196 1269 1189 1629 1189
Total Acquisition and Integration Operating Expenses $1629 $16327 $4918 $3380 $3092 1629 $3092
Interest expense - 2286 - - 40 - 40
Total Acquisition and Integration Expenses $1629 $18613 $4918 $3380 $3132 1629 $3132
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other
System transition expenses $669 $374 $406 $256 ($20) $669 ($20)
Tax impact of system transition expenses (258) (141) (156) (100) 6 (258) 6
Tax impact of Tax Cuts and Jobs Act - - - 13059 - - -
Other discrete tax adjustments (286) 1462 (183) (910) (894) (286) (894)
Total tax related items ($544) $1321 ($339) $12049 (888) (544) ($888)
Preferred stockholder dividends 2084 2084 2084 2084 2084 2084 2084
Total Other $2209 $3779 $2151 $14389 $1176 $2209 $1176
- First Quarter 2018Earnings PresentationApril 27 2018
- Important Disclosures
- Agenda
- Slide Number 4
- Overview of FIRST Quarter
- Slide Number 6
- Assets Under Management
- Asset Flows
- Investment Management Fees AS ADJUSTED
- Employment expenses as adjusted
- Other operating expenses as adjusted
- Non-GAAP Results
- Capital Position
- Slide Number 14
- Non-gaap information
- Non-gaap information
- Non-GAAP INFORMATION
- non-gaap INFORMATION
- US GAAP Information
- US GAAP Information
- Assets under management
- Assets under management
- Assets UNDER MANAGEMENT
- Assets under management
- ASSETS UNDER MANAGEMENT
- Assets UNDER MANAGEMENT
- AsseTS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- Assets Under Management
- Assets Under Management
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- Footnotes
- Footnotes
- Slide Number 40
-
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in millions except per share data) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and structured product Investments impact | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other income of consolidated investment product net | Other income of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | T66 Manual | ||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| Other (in thousands) | 12312015 | 93015 | 123114 | 123115 | 123114 | |||||||||||
| Loss contingency | $ - 0 | $ - 0 | $ - 0 | $ 16500 | $ - 0 | |||||||||||
| Tax impact of loss contingency | - | - | - | (5507) | - | |||||||||||
| Transition related revenues | - | - | - | 1166 | - | |||||||||||
| Tax impact of transition related revenues | - | - | - | (442) | - | |||||||||||
| System transition expenses | 497 | (170) | 359 | 1248 | 1050 | |||||||||||
| Tax impact of system transition expenses | (192) | 65 | (135) | (476) | (400) | |||||||||||
| Newfleet transition expenses | - | - | - | - | 859 | |||||||||||
| Tax impact of Newfleet transition expenses | - | - | - | - | (329) | |||||||||||
| Restructuring and severance | - | - | - | - | 294 | |||||||||||
| Tax impact of restructuring and severance | - | - | - | - | (113) | |||||||||||
| Discrete tax adjustments | 245 | - | - | 245 | (15213) | |||||||||||
| Total Other | $ 550 | $ (105) | $ 224 | $ 12734 | $ (13852) | |||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Sep 2015 YTD | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Nine months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8876 | 8876 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 9039 | 9039 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2015 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve Months Ended December 31 2015 | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | Must be sum of quarters | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ||||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8797 | 8797 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 8960 | 8960 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2016 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Expenses | - | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Other Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Interest Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | - | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7648 | 7648 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7822 | 7822 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Dec 2016 YTD | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income tax expense check-sum | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q2 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | 8931 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q4 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended December 31 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q1 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended March 31 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q2 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q3 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7676 | 7676 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7854 | 7854 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ERRORNAME | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||
| Q4 2016 | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Three months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | ERRORNAME | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||
| Q1 2017 | ||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||
| Three months ended March 31 2017 | ||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 6542 | 7217 | |||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 6773 | 7447 | |||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 386 | ERRORNAME | |||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||
| bpmProduct | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | |||||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | ||||||||||||||||||||||||||||
| Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||
| (in thousands except per share data) | ||||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | |||||||||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||||||
| Investment Management Fees as adjusted | Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and Other Asset-Based Expenses As Adjusted | Distribution and other asset-based expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Revenues as Adjusted | Total revenues as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||||||
| Employment Expenses as adjusted | Employment expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses as adjusted | Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses as adjusted | Total operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Operating Income as adjusted | Operating Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other income net as adjusted | Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as Adjusted | Total other income (expense) net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Interest Expense | Interest expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | Total interest income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income as adjusted | Pre-Tax Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense as adjusted | Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 24627 | PY enter values | Large adj in M - must total sum of quarters | ||||||||||||||||||||
| Net Income as adjusted | Net Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40129 | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as adjusted | Net Income Attributable to Common Stockholders As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40328 | ||||||||||||||||||||||
| Earnings Per Share - Basic As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 452 | |||||||||||||||||||||||
| Earnings Per Share - Diluted As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 443 | |||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | 8931 | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | ||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | |||||||||||||||||||||||||
| US GAAP Consolidated Statements of Operations | |||||||||||||||||||||||||||||
| (in thousands except per share data) | |||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | ||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Investment Management Fees | Investment management fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Revenue | Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||
| Employment Expenses | Employment expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expense | Other operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Restructuring amp severance | Restructuring and severance | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Intangible Asset Amortization | Amortization expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expense | Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Income | Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized loss on investments of consolidated investment product net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income (Expense) | Other income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income Net | Total other (expense) net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest Expense | Interest expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest and Dividend Income | Interest and dividend income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income net | Total interest income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense | Income tax expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income | Net Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Manual Input | Cash Dividends Declared Per Share | $ 045 | $ 045 | - | $ 045 | - | $ 135 | $ 135 | 0 | Manual | |||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | YTD manual | |||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | C56 manual due to loss in Q3 2015 | |||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||||
| Q3 2016 | ||||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | ||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 380 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | |||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Q4 2017 | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 2017 | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 391 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | 2017 | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Dec 2017 YTD | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 YTD | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (8336) | - | - | - | - | - | 8336 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 383 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
Hogan Scott Hogan ScottNOTE need to use this schedule Thee are manual adjustments in realized gain (loss) |
| Open-end Funds | Closed-end Funds | ETFs | Retail Separate Accounts | Institutional | Structured Products | Total | ||||||||||
| Equity | ||||||||||||||||
| Domestic Equity - Small Cap Equity | $41363 | - 0 | $240 | $65534 | $36816 | - 0 | $143953 | |||||||||
| of total | 100 | - 0 | 25 | 531 | 178 | - 0 | 170 | |||||||||
| Domestic Equity - Large Cap Equity | 34684 | 43007 | 654 | 12600 | 32563 | - 0 | 123508 | |||||||||
| of total | 84 | 641 | 67 | 101 | 158 | - 0 | 145 | |||||||||
| Domestic Equity - Mid Cap Equity | 35258 | - 0 | - 0 | 2710 | 7143 | - 0 | 45111 | |||||||||
| of total | 85 | - 0 | - 0 | 22 | 35 | - 0 | 53 | |||||||||
| International Equity - Emerging Markets | 79227 | - 0 | - 0 | - 0 | - 0 | - 0 | 79227 | |||||||||
| of total | 191 | - 0 | - 0 | - 0 | - 0 | - 0 | 93 | |||||||||
| International Equity - Developed Markets | 22391 | - 0 | - 0 | 2535 | - 0 | - 0 | 24926 | |||||||||
| of total | 54 | - 0 | - 0 | 21 | - 0 | - 0 | 29 | |||||||||
| Total Equity | $212923 | $43007 | $894 | $83379 | $76522 | - 0 | $416725 | |||||||||
| of total | 514 | 641 | 92 | 675 | 371 | - 0 | 490 | |||||||||
| Fixed Income | ||||||||||||||||
| Leveraged Finance | $79152 | - 0 | $1232 | $22221 | $34023 | $28998 | $165626 | |||||||||
| of total | 191 | - 0 | 127 | 180 | 165 | 1000 | 195 | |||||||||
| Investment Grade | 25820 | 14894 | 230 | 16253 | 79146 | - 0 | 136343 | |||||||||
| of total | 62 | 222 | 24 | 132 | 383 | - 0 | 160 | |||||||||
| Multi-Sector | 80525 | 4100 | 1847 | - 0 | 2581 | - 0 | 89053 | |||||||||
| of total | 194 | 61 | 191 | - 0 | 13 | - 0 | 105 | |||||||||
| Total Fixed Income | $185497 | $18994 | $3309 | $38474 | $115750 | $28998 | $391022 | |||||||||
| of total | 447 | 283 | 342 | 312 | 561 | 1000 | 460 | |||||||||
| Alternatives | ||||||||||||||||
| Real Estate Investment Trusts | 13019 | -0 | 171 | 391 | 9994 | -0 | 23575 | |||||||||
| of total | 307 | 00 | 04 | 09 | 235 | 00 | 555 | |||||||||
| Master Limited Partnerships | 56 | 2606 | 4600 | -0 | -0 | -0 | 7262 | |||||||||
| of total | 01 | 61 | 108 | 00 | 00 | 00 | 171 | |||||||||
| Other | 3033 | 2465 | 714 | 1267 | 4125 | -0 | 11604 | |||||||||
| of total | 71 | 58 | 17 | 30 | 97 | 00 | 273 | |||||||||
| Total Alternatives | $16108 | $5071 | $5485 | $1658 | $14119 | - 0 | $42441 | |||||||||
| of total | 39 | 76 | 566 | 13 | 68 | - 0 | 50 | |||||||||
| Total Long-Term | $414528 | $67072 | $9688 | $123511 | $206391 | $28998 | $850188 | |||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| Acquisition and Integration Expenses | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $- | $- | $- | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Employment expenses | $ - | $ - | 2059 | $2275 | $2009 | $1903 | $ - | $1903 | 2059 | 4334 | 6343 | |||||||||||||
| Restructuring and severance | - | - | 8639 | 1447 | 102 | - | - | - | 8639 | 10086 | 10188 | |||||||||||||
| Other operating expenses | - | 1629 | 5629 | 1196 | 1269 | 1189 | 1629 | 1189 | 7258 | 8454 | 9723 | |||||||||||||
| Total Acquisition and Integration Operating Expenses | $ - | $1629 | $16327 | $4918 | $3380 | $3092 | 1629 | $3092 | 17956 | 22874 | 26254 | |||||||||||||
| Interest expense | - | - | 2286 | - | - | 40 | - | 40 | 2286 | 2286 | 2286 | |||||||||||||
| Total Acquisition and Integration Expenses | $ - | $1629 | $18613 | $4918 | $3380 | $3132 | 1629 | $3132 | 20242 | 25160 | 28540 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||
| Other | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $0 | $0 | $0 | $0 | $- | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| System transition expenses | $445 | $669 | $374 | $406 | $256 | ($20) | $669 | ($20) | 1043 | 1449 | 1705 | |||||||||||||
| Tax impact of system transition expenses | (258) | (141) | (156) | (100) | 6 | (258) | 6 | (399) | (555) | (655) | ||||||||||||||
| Tax impact of Tax Cuts and Jobs Act | - | - | - | 13059 | - | - | - 0 | - | - | 13059 | ||||||||||||||
| Other discrete tax adjustments | (286) | 1462 | (183) | (910) | (894) | (286) | (894) | 1176 | 993 | 83 | ||||||||||||||
| Total tax related items | (166) | ($544) | $1321 | ($339) | $12049 | (888) | (544) | ($888) | 777 | 438 | 12487 | |||||||||||||
| Preferred stockholder dividends | - | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 4168 | 6252 | 8336 | |||||||||||||
| Total Other | $279 | $2209 | $3779 | $2151 | $14389 | $1176 | $2209 | $1176 | 5988 | 8139 | 22528 | |||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| International Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Non-taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||
| Taxable Bond Funds2 | |||||||||||||||||||||||||||
| Beginning balance | $90831 | $89188 | $91382 | $175183 | $177544 | $173630 | $89188 | $173630 | |||||||||||||||||||
| Inflows | 5714 | 7256 | 8342 | 12388 | 11601 | 14186 | 7256 | 14186 | 15598 | 27986 | 39587 | ||||||||||||||||
| Outflows | (6796) | (6149) | (9139) | (11685) | (16523) | (15177) | (6149) | (15177) | (15288) | (26973) | (43496) | ||||||||||||||||
| Net Flows | (1082) | 1107 | (797) | 703 | (4922) | (991) | 1107 | (991) | |||||||||||||||||||
| Market performance | (335) | 1445 | 737 | 2002 | 1354 | 493 | 1445 | 493 | 2182 | 4184 | 5538 | ||||||||||||||||
| Other3 | (226) | (358) | 83861 | (344) | (346) | (714) | (358) | (714) | 83503 | 83159 | 82813 | ||||||||||||||||
| Ending Balance | $89188 | $91382 | $175183 | $177544 | $173630 | $172418 | $91382 | $172418 | |||||||||||||||||||
| Non-Taxable Bond Funds | |||||||||||||||||||||||||||
| Beginning balance | $2258 | $1961 | $1969 | $10156 | $9985 | $9335 | $1961 | $9335 | |||||||||||||||||||
| Inflows | 89 | 104 | 258 | 320 | 322 | 529 | 104 | 529 | 362 | 682 | 1004 | ||||||||||||||||
| Outflows | (248) | (162) | (335) | (563) | (978) | (865) | (162) | (865) | (497) | (1060) | (2038) | ||||||||||||||||
| Net Flows | (159) | (58) | (77) | (243) | (656) | (336) | (58) | (336) | |||||||||||||||||||
| Market performance | (78) | 27 | 09 | 75 | 56 | (105) | 27 | (105) | 36 | 111 | 167 | ||||||||||||||||
| Other3 | (60) | 39 | 8255 | (03) | (50) | (27) | 39 | (27) | 8294 | 8291 | 8241 | ||||||||||||||||
| Ending Balance | $1961 | $1969 | $10156 | $9985 | $9335 | $8867 | $1969 | $8867 | |||||||||||||||||||
| Total Fixed Income Funds | |||||||||||||||||||||||||||
| Beginning balance | $2330 | $91149 | $93351 | $185339 | $187529 | $182965 | $91149 | $182965 | |||||||||||||||||||
| Inflows | 97 | 7360 | 8600 | 12708 | 11923 | 14715 | 7360 | 14715 | 15960 | 28668 | 40591 | ||||||||||||||||
| Outflows | (112) | (6311) | (9474) | (12248) | (17501) | (16042) | (6311) | (16042) | (15785) | (28033) | (45534) | ||||||||||||||||
| Net Flows | (15) | 1049 | (874) | 460 | (5578) | (1327) | 1049 | (1327) | |||||||||||||||||||
| Market performance | (06) | 1472 | 746 | 2077 | 1410 | 388 | 1472 | 388 | 2218 | 4295 | 5705 | ||||||||||||||||
| Other3 | (51) | (319) | 92116 | (347) | (396) | (741) | (319) | (741) | 91797 | 91450 | 91054 | ||||||||||||||||
| Ending Balance | $2258 | $93351 | $185339 | $187529 | $182965 | $181285 | $93351 | $181285 | |||||||||||||||||||
| check | |||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | |||||||||||||||||||
| Inflows | $16423 | $20327 | $22539 | $28425 | $26478 | $37836 | $20327 | $37836 | |||||||||||||||||||
| Outflows | ($23842) | ($21347) | ($22786) | ($28727) | ($32750) | ($36622) | ($21347) | ($36622) | |||||||||||||||||||
| Net Flows | ($7419) | ($1020) | ($247) | ($302) | ($6272) | $1214 | ($1020) | $1214 | |||||||||||||||||||
| Market performance | ($10212) | $14445 | $12123 | $10407 | $14095 | $698 | $14445 | $698 | |||||||||||||||||||
| Other2 | ($705) | ($585) | $155484 | ($656) | ($1024) | ($663) | ($585) | ($663) | |||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | |||||||||||||||||||
| ($18336) | $00 | $00 | $00 | $00 | $1249 | $00 | $00 | ||||||||||||||||||||
| $00 | $00 | $00 | $00 | $00 | $00 | $00 | $00 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Domestic Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $44591 | $43354 | $45745 | $111649 | $115133 | $120233 | $43354 | $120233 | ||||||||||||||||||
| Inflows | 2571 | 3754 | 4585 | 8151 | 7646 | 13869 | 3754 | 13869 | 8339 | 16490 | 24136 | |||||||||||||||
| Outflows | (4545) | (4032) | (4690) | (8631) | (8960) | (10113) | (4032) | (10113) | (8722) | (17353) | (26313) | |||||||||||||||
| Net Flows | (1974) | (278) | (105) | (480) | (1314) | 3756 | (278) | 3756 | ||||||||||||||||||
| Market performance | 624 | 2573 | 3285 | 4239 | 6662 | 1006 | 2573 | 1006 | 5858 | 10097 | 16759 | |||||||||||||||
| Other 2 | 113 | 96 | 62724 | (275) | (248) | 169 | 96 | 169 | 62820 | 62545 | 62297 | |||||||||||||||
| Ending Balance | $43354 | $45745 | $111649 | $115133 | $120233 | $125164 | $45745 | $125164 | ||||||||||||||||||
| International Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $96406 | $83003 | $91969 | $101510 | $105954 | $112960 | $83003 | $112960 | ||||||||||||||||||
| Inflows | 7026 | 7882 | 8130 | 6828 | 6257 | 8537 | 7882 | 8537 | 16012 | 22840 | 29097 | |||||||||||||||
| Outflows | (10098) | (8884) | (7220) | (6202) | (4716) | (8875) | (8884) | (8875) | (16104) | (22306) | (27022) | |||||||||||||||
| Net Flows | (3072) | (1002) | 910 | 626 | 1541 | (338) | (1002) | (338) | ||||||||||||||||||
| Market performance | (9932) | 10220 | 7828 | 3800 | 5624 | 111 | 10220 | 111 | 18048 | 21848 | 27472 | |||||||||||||||
| Other 2 | (399) | (252) | 803 | 18 | (159) | (60) | (252) | (60) | 551 | 569 | 410 | |||||||||||||||
| Ending Balance | $83003 | $91969 | $101510 | $105954 | $112960 | $112673 | $91969 | $112673 | ||||||||||||||||||
| Total Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $92227 | $126357 | $137714 | $213159 | $221087 | $233193 | $126357 | $233193 | ||||||||||||||||||
| Inflows | 10228 | 11636 | 12715 | 14979 | 13903 | 22406 | 11636 | 22406 | ||||||||||||||||||
| Outflows | (10693) | (12916) | (11910) | (14833) | (13676) | (18988) | (12916) | (18988) | ||||||||||||||||||
| Net Flows | (465) | (1280) | 805 | 146 | 227 | 3418 | (1280) | 3418 | ||||||||||||||||||
| Market performance | 4371 | 12793 | 11113 | 8039 | 12286 | 1117 | 12793 | 1117 | ||||||||||||||||||
| Other 2 | 273 | (156) | 63527 | (257) | (407) | 109 | (156) | 109 | ||||||||||||||||||
| Ending Balance | $96406 | $137714 | $213159 | $221087 | $233193 | $237837 | $137714 | $237837 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||||
| Alternative Funds2 | ||||||||||||||||||||||||||
| Beginning balance | $18578 | $16822 | $16103 | $16030 | $15361 | $14618 | $16822 | $14618 | ||||||||||||||||||
| Inflows | 1023 | 1331 | 1224 | 738 | 652 | 715 | 1331 | 715 | 2984 | 4143 | 5153 | |||||||||||||||
| Outflows | (2155) | (2120) | (1402) | (1646) | (1573) | (1592) | (2120) | (1592) | (4239) | (5586) | (7699) | |||||||||||||||
| Net Flows | (1132) | (789) | (178) | (908) | (921) | (877) | (789) | (877) | ||||||||||||||||||
| Market performance | (491) | 180 | 264 | 291 | 399 | (807) | 180 | (807) | 1447 | 1139 | 670 | |||||||||||||||
| Other 13 | (133) | (110) | (159) | (52) | (221) | (31) | (110) | (31) | (4935) | (4940) | (5074) | |||||||||||||||
| Ending Balance | $16822 | $16103 | $16030 | $15361 | $14618 | $12903 | $16103 | $12903 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Institutional Accounts | ||||||||||||||||||||||||||
| Beginning balance | $49200 | $54927 | $57113 | $206391 | $206305 | $208159 | $54927 | $208159 | ||||||||||||||||||
| Inflows | 6125 | 2777 | 3571 | 4399 | 6097 | 4230 | 2777 | 4230 | 6348 | 10747 | 16844 | |||||||||||||||
| Outflows | (2072) | (1919) | (6121) | (8937) | (10004) | (16497) | (1919) | (16497) | (8040) | (16977) | (26981) | |||||||||||||||
| Net Flows | 4053 | 858 | (2550) | (4538) | (3907) | (12267) | 858 | (12267) | ||||||||||||||||||
| Market performance | 564 | 1383 | 1681 | 4511 | 5819 | (1727) | 1383 | (1727) | 3064 | 7575 | 13394 | |||||||||||||||
| Other 1 | (51) | (55) | 150147 | (59) | (58) | (53) | (55) | (53) | 150092 | 150033 | 149975 | |||||||||||||||
| Ending Balance | $53766 | $57113 | $206391 | $206305 | $208159 | $194112 | $57113 | $194112 | ||||||||||||||||||
| Structured Products | ||||||||||||||||||||||||||
| Beginning balance | $6697 | $6131 | $6020 | $28998 | $33600 | $32988 | $6131 | $32988 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | 4743 | -0 | 3836 | -0 | 3836 | -0 | 4743 | 4743 | |||||||||||||||
| Outflows | (452) | (167) | (2240) | (556) | (495) | -0 | (167) | -0 | (2407) | (2963) | (3458) | |||||||||||||||
| Net Flows | (452) | (167) | (2240) | 4187 | (495) | 3836 | (167) | 3836 | ||||||||||||||||||
| Market performance | 39 | 103 | 135 | 371 | 48 | 379 | 103 | 379 | 238 | 609 | 657 | |||||||||||||||
| Other 1 | (46) | (47) | 25083 | 44 | (165) | (157) | (47) | (157) | 25036 | 25080 | 24915 | |||||||||||||||
| Ending Balance | $6238 | $6020 | $28998 | $33600 | $32988 | $37046 | $6020 | $37046 | ||||||||||||||||||
| Total Long-Term | $447059 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||||
| Liquidity | ||||||||||||||||||||||||||
| Beginning balance | - | $ - | $ - | $35706 | $34314 | $21287 | $ - | $21287 | ||||||||||||||||||
| Inflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Outflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Net Flows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Market performance | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Other 1 | - | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | 35706 | 34314 | 21287 | |||||||||||||||
| Ending Balance | - | $ - | $35706 | $34314 | $21287 | $16416 | $ - | $16416 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Intermediary Sold Managed Accounts | ||||||||||||||||||||||||||
| Beginning balance | $44627 | $54035 | $60352 | $90452 | $95777 | $102607 | $54035 | $102607 | ||||||||||||||||||
| Inflows | 4180 | 4809 | 5003 | 5415 | 5515 | 5763 | 4809 | 5763 | 9812 | 15227 | 20742 | |||||||||||||||
| Outflows | (1026) | (1640) | (2140) | (4097) | (4558) | (5574) | (1640) | (5574) | (3780) | (7877) | (12435) | |||||||||||||||
| Net Flows | 3154 | 3169 | 2863 | 1318 | 957 | 189 | 3169 | 189 | ||||||||||||||||||
| Market performance | 1108 | 3148 | 2331 | 4007 | 5873 | 2556 | 3148 | 2556 | 5479 | 9486 | 15359 | |||||||||||||||
| Other 1 | -0 | -0 | 24906 | -0 | -0 | -0 | -0 | -0 | 24906 | 24906 | 24906 | |||||||||||||||
| Ending Balance | $48889 | $60352 | $90452 | $95777 | $102607 | $105352 | $60352 | $105352 | ||||||||||||||||||
| Private Client | ||||||||||||||||||||||||||
| Beginning balance | $29445 | $30700 | $32769 | $33059 | $34795 | $36761 | $30700 | $36761 | ||||||||||||||||||
| Inflows | 981 | 2083 | 1559 | 1629 | 1290 | 1250 | 2083 | 1250 | 3642 | 5271 | 6561 | |||||||||||||||
| Outflows | (794) | (1339) | (2417) | (704) | (567) | (2291) | (1339) | (2291) | (3756) | (4460) | (5027) | |||||||||||||||
| Net Flows | 187 | 744 | (858) | 925 | 723 | (1041) | 744 | (1041) | ||||||||||||||||||
| Market performance | 791 | 1390 | 1085 | 776 | 1351 | (949) | 1390 | (949) | 2475 | 3251 | 4602 | |||||||||||||||
| Other 1 | (64) | (65) | 63 | 35 | (108) | -0 | (65) | -0 | (02) | 33 | (75) | |||||||||||||||
| Ending Balance | $30359 | $32769 | $33059 | $34795 | $36761 | $34771 | $32769 | $34771 | ||||||||||||||||||
| Total Retail Separate Accounts | ||||||||||||||||||||||||||
| Beginning balance | $74072 | $84735 | $93121 | $123511 | $130572 | $139368 | $84735 | $139368 | ||||||||||||||||||
| Inflows | 5161 | 6892 | 6562 | 7044 | 6805 | 7013 | 6892 | 7013 | ||||||||||||||||||
| Outflows | (1820) | (2979) | (4557) | (4801) | (5125) | (7865) | (2979) | (7865) | ||||||||||||||||||
| Net Flows | 3341 | 3913 | 2005 | 2243 | 1680 | (852) | 3913 | (852) | ||||||||||||||||||
| Market performance | 1899 | 4538 | 3416 | 4783 | 7224 | 1607 | 4538 | 1607 | ||||||||||||||||||
| Other 1 | (64) | (65) | 24969 | 35 | (108) | -0 | (65) | -0 | ||||||||||||||||||
| Ending Balance | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | $93121 | $140123 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Closed-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $69596 | $67574 | $68143 | $67072 | $67354 | $66662 | $67574 | $66662 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |||||||||||||||
| Outflows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | (1128) | (1128) | (1128) | |||||||||||||||
| Net Flows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | ||||||||||||||||||
| Market performance | (633) | 2808 | 164 | 1244 | 228 | (4061) | 2808 | (4061) | 2972 | 4216 | 4444 | |||||||||||||||
| Other 1 | (90) | (1423) | (923) | (962) | (920) | (1274) | (1423) | (1274) | (2346) | (3308) | (4228) | |||||||||||||||
| Ending Balance | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | $68143 | $61327 | ||||||||||||||||||
| Exchange Traded Funds | ||||||||||||||||||||||||||
| Beginning balance | $3994 | $5968 | $8633 | $9688 | $9557 | $10392 | $5968 | $10392 | ||||||||||||||||||
| Inflows | 669 | 2657 | 1851 | 1041 | 1777 | 1395 | 2657 | 1395 | 4508 | 5549 | 7326 | |||||||||||||||
| Outflows | (196) | (230) | (513) | (289) | (494) | (632) | (230) | (632) | (743) | (1032) | (1526) | |||||||||||||||
| Net Flows | 473 | 2427 | 1338 | 752 | 1283 | 763 | 2427 | 763 | ||||||||||||||||||
| Market performance | 194 | 346 | (85) | 42 | (88) | (775) | 346 | (775) | 261 | 303 | 215 | |||||||||||||||
| Other 1 | (55) | (108) | (198) | (925) | (360) | (578) | (108) | (578) | (306) | (1231) | (1591) | |||||||||||||||
| Ending Balance | $4606 | $8633 | $9688 | $9557 | $10392 | $9802 | $8633 | $9802 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Retail Funds | ||||||||||||||||||||||||||
| Beginning balance | $238549 | $224521 | $237104 | $404210 | $413254 | $419499 | $224521 | $419499 | $224521 | |||||||||||||||||
| Inflows | 18693 | 20163 | 22173 | 28215 | 26190 | 37542 | 20163 | 37542 | 42336 | 70551 | 96741 | |||||||||||||||
| Outflows | (20935) | (20950) | (22360) | (28369) | (32366) | (36175) | (20950) | (36175) | (43310) | (71679) | (104045) | |||||||||||||||
| Net Flows | (2242) | (787) | (187) | (154) | (6176) | 1367 | (787) | 1367 | ||||||||||||||||||
| Market performance | 6990 | 13954 | 11679 | 9854 | 13694 | 645 | 13954 | 645 | 25633 | 35487 | 49181 | |||||||||||||||
| Other 1 | (270) | (584) | 155614 | (656) | (1273) | (584) | (584) | (584) | 155030 | 154374 | 153101 | |||||||||||||||
| Ending Balance | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | $237104 | $420927 | ||||||||||||||||||
| UCITS2 | ||||||||||||||||||||||||||
| Beginning balance | $471 | $489 | $576 | $666 | $794 | $1223 | $489 | $1223 | $489 | |||||||||||||||||
| Inflows | 49 | 96 | 232 | 135 | 219 | 193 | 96 | 193 | 328 | 463 | 682 | |||||||||||||||
| Outflows | (31) | (16) | (19) | (22) | (50) | (69) | (16) | (69) | (35) | (57) | (107) | |||||||||||||||
| Net Flows | 18 | 80 | 213 | 113 | 169 | 124 | 80 | 124 | ||||||||||||||||||
| Market performance | 01 | 08 | 08 | 16 | 11 | (03) | 08 | (03) | 16 | 32 | 43 | |||||||||||||||
| Other 1 | (01) | (01) | (131) | (01) | 249 | (72) | (01) | (72) | (132) | (133) | 116 | |||||||||||||||
| Ending Balance | $489 | $576 | $666 | $794 | $1223 | $1272 | $576 | $1272 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Variable Insurance Funds | ||||||||||||||||||||||||||
| Beginning balance | $9637 | $9318 | $9488 | $9652 | $9929 | $10054 | $9318 | $10054 | $9318 | |||||||||||||||||
| Inflows | 70 | 68 | 134 | 75 | 69 | 101 | 68 | 101 | 202 | 277 | 346 | |||||||||||||||
| Outflows | (400) | (381) | (407) | (336) | (334) | (378) | (381) | (378) | (788) | (1124) | (1458) | |||||||||||||||
| Net Flows | (330) | (313) | (273) | (261) | (265) | (277) | (313) | (277) | ||||||||||||||||||
| Market performance | 11 | 483 | 436 | 537 | 390 | 56 | 483 | 56 | 919 | 1456 | 1846 | |||||||||||||||
| Other 1 | -0 | -0 | 01 | 01 | -0 | (07) | -0 | (07) | 01 | 02 | 02 | |||||||||||||||
| Ending Balance | $9318 | $9488 | $9652 | $9929 | $10054 | $9826 | $9488 | $9826 | ||||||||||||||||||
| Subtotal ndash Open-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | ||||||||||||||||||
| Inflows | 16423 | 20327 | 22539 | 28425 | 26478 | 37836 | 20327 | 37836 | ||||||||||||||||||
| Outflows | (23842) | (21347) | (22786) | (28727) | (32750) | (36622) | (21347) | (36622) | ||||||||||||||||||
| Net Flows | (7419) | (1020) | (247) | (302) | (6272) | 1214 | (1020) | 1214 | ||||||||||||||||||
| Market performance | (10212) | 14445 | 12123 | 10407 | 14095 | 698 | 14445 | 698 | ||||||||||||||||||
| Other 1 | (705) | (585) | 155484 | (656) | (1024) | (663) | (585) | (663) | ||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| 2016 | 2016 | 2016 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Long-term | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $850188 | $871365 | $888345 | $453663 | $888345 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 354562 | (2523) | (2635) | (2725) | (2283) | (2725) | 352279 | 349756 | 347121 | |||||||||||||
| Ending Balance - Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||
| ERRORREF | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Total | ||||||||||||||||||||||||
| Beginning balance - liquidity | $- | $- | $35706 | $34314 | $21287 | $- | $21287 | |||||||||||||||||
| Change in liquidity | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | |||||||||||||||||
| Ending Balance - Liquidity | - | 35706 | 34314 | 21287 | 16416 | - | 16416 | |||||||||||||||||
| Ending Balance - Total | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | |||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| All Product Flows - Total | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $885894 | $905679 | $909632 | $453663 | $909632 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 390268 | (3915) | (15662) | (7596) | (2283) | (7596) | 387985 | 384070 | 368408 | |||||||||||||
| Ending Balance | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | ||||||||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmScenario | Actuals | ||||
| Q4 2017 | |||||
| Investment management fees as adjusted | Total Products - Non-GAAP | ERRORNAME | |||
| Investment management fees as adjusted | Total Products - ex Liquidity | ERRORNAME | |||
| Investment management fees as adjusted | None | ERRORNAME | |||
| Investment management fees as adjusted | Closed-end Fund | ERRORNAME | |||
| Investment management fees as adjusted | Kayne Rep Revenue | ERRORNAME | |||
| Investment management fees as adjusted | ETF | ERRORNAME | |||
| Investment management fees as adjusted | Open-End Mutual Fund Reported | ERRORNAME | |||
| Investment management fees as adjusted | Open-end Mutual Fund | ERRORNAME | |||
| Investment management fees as adjusted | Variable Products | ERRORNAME | |||
| Investment management fees as adjusted | UCIT | ERRORNAME | |||
| Investment management fees as adjusted | Institutional Reported | ERRORNAME | |||
| Investment management fees as adjusted | Institutional | ERRORNAME | |||
| Investment management fees as adjusted | Structured Product | ERRORNAME | |||
| Investment management fees as adjusted | Separately Managed Accounts Reported | ERRORNAME | |||
| Investment management fees as adjusted | Managed Accounts | ERRORNAME | |||
| Investment management fees as adjusted | VIA Wrap -Trend (3100) | ERRORNAME | |||
| Investment management fees as adjusted | Rampart SMA (5675) | ERRORNAME | |||
| Investment management fees as adjusted | Euclid International (6200) | ERRORNAME | |||
| Investment management fees as adjusted | Intermediary Sponsored Separate Accts (5692) | ERRORNAME | |||
| Investment management fees as adjusted | Liquidity | ERRORNAME | |||
| Average Net Management Fees1 | |||||
| (in basis points annualized) | |||||
| Open-End Funds2 | ERRORNAME | ||||
| Variable Insurance Funds | ERRORNAME | ||||
| Total Open-End Funds | |||||
| Closed-End Funds | ERRORNAME | ||||
| Exchange Traded Funds | ERRORNAME | ||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||
| High Net Worth | |||||
| Total Retail Separate Accounts | |||||
| Institutional Accounts | ERRORNAME | ||||
| Structured Products4 | ERRORNAME | ||||
| Total Long-Term Assets | |||||
| Liquidity | ERRORNAME | ||||
| Total | |||||
| CUBE | tm1AUM | ||||||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||||||
| Jan 2017 | Feb 2017 | Mar 2017 | Apr 2017 | May 2017 | Jun 2017 | Jul 2017 | Aug 2017 | Sep 2017 | Oct 2017 | Nov 2017 | Dec 2017 | ||||||||||||||||
| Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | ||||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| International Equity Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Fixed Income Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Non-Taxable Bond Open-End Mutual FUnd | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Days in Month | 31 | 28 | 31 | 30 | 31 | 30 | 31 | 31 | 30 | 31 | 30 | 31 | |||||||||||||||
| 00849315068 | 00767123288 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | ||||||||||||||||
| Average Assets by Product3 | QTD | YTD | |||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ||||||||||||||||||||||||||
| Variable Insurance Funds | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Open-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Exchange Traded Funds | ERRORNAME | ||||||||||||||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||||||||||||||||||||||||
| High Net Worth | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Retail Separate Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Structured Products | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Long-Term Assets | |||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ||||||||||||||||||||||||||
| Total | |||||||||||||||||||||||||||
| Average Assets by Product3 | |||||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Variable Insurance Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Open-End Funds | - 0 | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Exchange Traded Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Retail Separate Accounts | - 0 | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Structured Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Long-Term Assets | - 0 | ||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total | - 0 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Net Management Fees1 | |||||||||||||||||||||
| (in basis points annualized) | |||||||||||||||||||||
| Retail Funds | 497 | 502 | 505 | 477 | 498 | 502 | 502 | 502 | |||||||||||||
| UCITS2 | 324 | 103 | 154 | 279 | - 0 | - 0 | 103 | - 0 | |||||||||||||
| Variable Insurance Funds | 618 | 612 | 601 | 590 | 658 | 653 | 612 | 653 | |||||||||||||
| Total Open-End Funds | 501 | 505 | 507 | 479 | 501 | 503 | 505 | 503 | |||||||||||||
| Closed-End Funds | 659 | 662 | 658 | 660 | 660 | 663 | 662 | 663 | |||||||||||||
| Exchange Traded Funds | 324 | 317 | 272 | 270 | 157 | 182 | 317 | 182 | |||||||||||||
| Intermediary Sold Managed Accounts | 413 | 409 | 381 | 362 | 358 | 370 | 409 | 370 | |||||||||||||
| Private Client | 711 | 768 | 740 | 749 | 746 | 772 | 768 | 772 | |||||||||||||
| Total Retail Separate Accounts | 532 | 539 | 497 | 466 | 461 | 476 | 539 | 476 | |||||||||||||
| Institutional Accounts | 370 | 372 | 327 | 310 | 312 | 318 | 372 | 318 | |||||||||||||
| Structured Products3 | 763 | 335 | 335 | 471 | 388 | 392 | 335 | 392 | |||||||||||||
| Total Long-Term Assets | 518 | 513 | 483 | 448 | 454 | 460 | 513 | 460 | |||||||||||||
| Liquidity4 | - 0 | - 0 | 114 | 60 | 85 | 118 | - 0 | 118 | |||||||||||||
| Total | 518 | 513 | 475 | 434 | 439 | 453 | 513 | 453 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Assets by Product1 | |||||||||||||||||||||
| Retail Funds | $241740 | $231507 | $296253 | $410279 | $417448 | $426078 | $231507 | $426078 | |||||||||||||
| UCITS2 | 4260 | 538 | 591 | 720 | 930 | 1281 | 538 | 1281 | |||||||||||||
| Variable Insurance Funds | 9759 | 9531 | 9672 | 9810 | 10023 | 10155 | 9531 | 10155 | |||||||||||||
| Total ndash Open-End Funds | $251499 | $241576 | $306516 | $420809 | $428401 | $437514 | $241576 | $437514 | |||||||||||||
| Closed-End Funds | $68534 | $67861 | $68096 | $67581 | $67260 | $63461 | $67861 | $63461 | |||||||||||||
| Exchange Traded Funds | 4260 | $7592 | $9008 | $9450 | $9583 | $10457 | $7592 | $10457 | |||||||||||||
| Intermediary Sold Managed Accounts | 44690 | $53936 | $68667 | $90396 | $95724 | $102472 | $53936 | $102472 | |||||||||||||
| Private Client | 29446 | 30700 | 32770 | 33059 | 34795 | 36761 | 30700 | 36761 | |||||||||||||
| Total ndash Retail Separate Accounts | $74136 | $84636 | $101437 | $123455 | $130519 | $139233 | $84636 | $139233 | |||||||||||||
| Institutional Accounts | $50442 | $56032 | $107951 | $207286 | $209331 | $201658 | $56032 | $201658 | |||||||||||||
| Structured Products | 6434 | 6033 | 13929 | 31111 | 33040 | 36191 | 6033 | 36191 | |||||||||||||
| Total ndash Long-Term Assets | $455305 | $463730 | $606937 | $859692 | $878134 | $888514 | $463730 | $888514 | |||||||||||||
| Liquidity3 | -0 | $00 | $13286 | $33311 | $36351 | $17876 | $00 | $17876 | |||||||||||||
| Total | $455305 | $463730 | $620223 | $893003 | $914485 | $906390 | $463730 | $906390 | |||||||||||||
| CUBE | tm1AUM | ||||
| bpmScenario | Actuals | ||||
| AUM Brand | Consolidated Corporate | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Ending Assets Under Management | Ending Assets Under Management | ||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | |||
| Closed-end Fund | ERRORNAME | ERRORNAME | |||
| NAClosed-end Fund | ERRORNAME | ERRORNAME | |||
| VIPX601 - Virtus Total Return Fund Inc | ERRORNAME | ERRORNAME | |||
| VIPHG30 - Virtus Global Multi-Sector Income Fund | ERRORNAME | ERRORNAME | |||
| VIPHG90 - Duff amp Phelps Select Energy MLP Fund | ERRORNAME | ERRORNAME | |||
| ETF | ERRORNAME | ERRORNAME | |||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | |||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | |||
| Variable Products | ERRORNAME | ERRORNAME | |||
| UCIT | ERRORNAME | ERRORNAME | |||
| Institutional Reported | ERRORNAME | ERRORNAME | |||
| Institutional | ERRORNAME | ERRORNAME | |||
| Structured Product | ERRORNAME | ERRORNAME | |||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | |||
| High Net Worth | ERRORNAME | ERRORNAME | |||
| Managed Accounts | ERRORNAME | ERRORNAME | |||
| Liquidity | ERRORNAME | ERRORNAME | |||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets by Product | ||||||||||||||||
| Retail Funds | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | ||||||||||
| UCITS1 | 4606 | 576 | 666 | 794 | 1223 | 1272 | ||||||||||
| Variable Insurance Funds | 9637 | 9488 | 9652 | 9929 | 10054 | 9826 | ||||||||||
| Total ndash Open-End Funds | $252664 | $247168 | $414528 | $423977 | $430776 | $432025 | ||||||||||
| Closed-End Funds | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | ||||||||||
| Exchange Traded Funds | 4606 | $8633 | $9688 | $9557 | $10392 | $9802 | ||||||||||
| Intermediary Sold Managed Accounts | 48889 | $60352 | $90452 | $95777 | $102607 | $105352 | ||||||||||
| Private Client | 30359 | 32769 | 33059 | 34795 | 36761 | 34771 | ||||||||||
| Total ndash Retail Separate Accounts | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | ||||||||||
| Institutional Accounts | $53766 | 57113 | 206391 | 206305 | 208159 | 194112 | ||||||||||
| Structured Products | 6238 | 6020 | 28998 | 33600 | 32988 | 37046 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Liquidity2 | -0 | $00 | $35706 | $34314 | $21287 | $16416 | ||||||||||
| Total | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | ||||||||||
| Assets by Asset Class | ||||||||||||||||
| Equity | $266695 | $279905 | $416726 | $431479 | $457798 | $458928 | ||||||||||
| of total | 573 | 583 | 490 | 495 | 515 | 525 | ||||||||||
| Fixed Income2 | 157568 | 159087 | 391021 | 397417 | 387400 | 379992 | ||||||||||
| of total | 339 | 331 | 460 | 456 | 436 | 434 | ||||||||||
| Alternatives3 | 41132 | 41206 | 42441 | 42469 | 43147 | 35515 | ||||||||||
| of total | 88 | 86 | 50 | 49 | 49 | 41 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Should be 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | ||||||||||
| Should be $00 | $00 | ($00) | $35706 | $38267 | $2506 | ($394237) | ||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmProduct | Total Products - GAAP | ||||
| bpmScenario | Actuals | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Balance Sheet | ERRORNAME | ERRORNAME | |||
| Asset | ERRORNAME | ERRORNAME | |||
| Cash and Equivalents | ERRORNAME | ERRORNAME | |||
| Cash of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | |||
| Investments | ERRORNAME | ERRORNAME | |||
| Investments - Corporate Holdings | ERRORNAME | ERRORNAME | |||
| Investments - Long Term | ERRORNAME | ERRORNAME | |||
| Investments - Seed Capital | ERRORNAME | ERRORNAME | |||
| Investments - CLO | ERRORNAME | ERRORNAME | |||
| Cash pledged or on deposit of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Accounts receivable net | ERRORNAME | ERRORNAME | |||
| Other assets | ERRORNAME | ERRORNAME | |||
| Furniture equipment and leasehold improvements net | ERRORNAME | ERRORNAME | |||
| Intangible assets net | ERRORNAME | ERRORNAME | |||
| Goodwill | ERRORNAME | ERRORNAME | |||
| Investment in subsidiary | ERRORNAME | ERRORNAME | |||
| Investments of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Cash and cash equivalents of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Other assets of consolidated sponsored investment products and consolidated investment product | ERRORNAME | ERRORNAME | |||
| Deferred Tax Asset | ERRORNAME | ERRORNAME | |||
| Total Liabilities and equity | ERRORNAME | ERRORNAME | |||
| Liability | ERRORNAME | ERRORNAME | |||
| Accounts payable and accrued liabilities | ERRORNAME | ERRORNAME | |||
| Accrued compensation amp benefits | ERRORNAME | ERRORNAME | |||
| Other liabilities | ERRORNAME | ERRORNAME | |||
| Debt | ERRORNAME | ERRORNAME | |||
| Unearned Revenue | ERRORNAME | ERRORNAME | |||
| Dividend Payable | ERRORNAME | ERRORNAME | |||
| Deferred Tax Liability Net | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Debt of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Contingent Consideration | ERRORNAME | ERRORNAME | |||
| Equity | ERRORNAME | ERRORNAME | |||
| Redeemable non-controlling interest | ERRORNAME | ERRORNAME | |||
| Contributed capital of consolidated investment product | ERRORNAME | ERRORNAME |
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | ||||||||
| Liabilities and Equity | |||||||||||||
| Liabilities | |||||||||||||
| Accrued compensation and benefits | $37813 | $16519 | $51978 | $69833 | $86658 | $27471 | |||||||
| Accounts payable and accrued liabilities | 21429 | 30365 | 29167 | 31677 | 29607 | 28214 | |||||||
| Dividends payable | 4117 | 5991 | 6173 | 6318 | 6528 | 6479 | |||||||
| Other liabilities | 13619 | 13702 | 18280 | 18356 | 39895 | 48476 | |||||||
| Contingent consideration | - | - | 51690 | 51690 | - | - | |||||||
| Debt | - | - | 248111 | 248540 | 248320 | 245402 | |||||||
| Total liabilities | $76978 | $66577 | $405399 | $426414 | $411008 | $356042 | |||||||
| Equity | |||||||||||||
| Equity attributable to stockholders | $469799 | $552388 | $573602 | $584209 | $588541 | $608792 | |||||||
| Noncontrolling interests | 0 | - | - | - | - | - | |||||||
| Total liabilities and equity | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | |||||||
| Working capital2 | $150414 | $224848 | $49119 | $68017 | $76339 | $82868 | |||||||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets | ||||||||||||||||
| Cash and cash equivalents | $165421 | $235930 | $127571 | $164867 | $132150 | $80765 | adjusted (5) to align with reported BS | |||||||||
| Investments ndash seed capital | 179105 | 174810 | 104076 | 108511 | 118443 | 115848 | ||||||||||
| Investments ndash other | 38385 | 30714 | 91739 | 92676 | 112105 | 136821 | ||||||||||
| Investments ndash long term | 13689 | 15472 | 18325 | 18309 | 18729 | 20014 | ||||||||||
| Accounts receivable net | 37409 | 38169 | 60557 | 62668 | 66982 | 64267 | adjusted (5) to align with reported BS | |||||||||
| Furniture equipment and leasehold improvements net | 7865 | 7263 | 12295 | 11557 | 10833 | 11396 | ||||||||||
| Intangible assets net | 39030 | 38194 | 312081 | 307017 | 301954 | 296918 | ||||||||||
| Goodwill | 6788 | 6788 | 171170 | 170153 | 170153 | 170153 | ||||||||||
| Deferred taxes net | 44623 | 45716 | 54655 | 49002 | 32428 | 31875 | ||||||||||
| Other assets | 14462 | 25909 | 26532 | 25863 | 35772 | 36777 | ||||||||||
| Total assets | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | ||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Total Cost Codes | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Revenue | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment Management Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Restructuring amp Severance | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Intangible Asset Amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income Net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest and Dividend Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest income of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44820 - CLO Interest income - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64506 - CLO Interest expense - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64000 - Corporate Cost Allocations | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Effective Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense - Discrete Items | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Allocation of earnings to preferred stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | $961 | $297 | $1287 | $1367 | $22 | $438 | $297 | $438 | 1584 | 2951 | 2973 | ||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | 3680 | 4444 | (1424) | 13465 | (2932) | 2259 | 4444 | 2259 | 3020 | 16485 | 13553 | ||||||||||||||||||
| Other income (expense) net | 250 | 646 | 47 | 436 | 506 | 1319 | 646 | 1319 | 693 | 1129 | 1635 | ||||||||||||||||||
| Total other income (expense) net | $4891 | $5387 | ($90) | $15268 | ($2404) | $4016 | $5387 | $4016 | 5297 | 20565 | 18161 | ||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest expense | ($128) | ($243) | ($3739) | ($4116) | ($3909) | ($3858) | ($243) | ($3858) | (3982) | (8098) | (12007) | ||||||||||||||||||
| Interest and dividend income | 221 | 188 | 446 | 679 | 847 | 721 | 188 | 721 | 634 | 1313 | 2160 | ||||||||||||||||||
| Interest and dividend income of consolidated investment products | 5411 | 5656 | 5102 | 17778 | 20787 | 21403 | 5656 | 21403 | 10758 | 28536 | 49323 | 9446 DAlessandro Parul DAlessandro Parul Doesnrsquot agree to what was reported in 62016 | |||||||||||||||||
| Interest expense of consolidated investment products | (3788) | (2857) | (2995) | (16249) | (13142) | (14549) | (2857) | (14549) | (5852) | (22101) | (35243) | (6401) | |||||||||||||||||
| Total interest income (expense) net | $1716 | $2744 | ($1186) | ($1908) | $4583 | $3717 | $2744 | $3717 | 1558 | (350) | 4233 | ||||||||||||||||||
| Income (Loss) Before Income Taxes | $23145 | $18178 | $1908 | $30149 | $30194 | $30350 | $18178 | $30350 | 20086 | 50235 | 80429 | ||||||||||||||||||
| Income tax expense (benefit) | 6869 | 4433 | 1880 | 9626 | 24551 | 6523 | 4433 | 6523 | 6313 | 15939 | 40490 | ||||||||||||||||||
| Net Income (Loss) | $16276 | $13745 | $28 | $20523 | $5643 | $23827 | $13745 | $23827 | 13773 | 34296 | 39939 | ||||||||||||||||||
| Noncontrolling interests | (651) | (718) | (333) | (1731) | (145) | (527) | (718) | (527) | (1051) | (2782) | (2927) | ||||||||||||||||||
| Net Income (Loss) Attributable to Stockholders | $15625 | $13027 | ($305) | $18792 | $5498 | $23300 | $13027 | $23300 | 12722 | 31514 | 37012 | ||||||||||||||||||
| Preferred stockholder dividends | - | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (4168) | (6252) | (8336) | ||||||||||||||||||
| Net Income (Loss) Attributable to Common Stockholders | $15625 | $10943 | ($2389) | $16708 | $3414 | $21216 | $10943 | $21216 | 8554 | 25262 | 28676 | ||||||||||||||||||
| Rows 14 and 15 | 41 | 1632 | 1474 | (3086) | (3086) | 1907 | 41 | (1612) | |||||||||||||||||||||
| -2390 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||
| Revenues | |||||||||||||||||||||||||
| Investment management fees | $60398 | $59271 | $74062 | $97295 | $100447 | $100476 | $59271 | $100476 | 133333 | 230628 | 331075 | ||||||||||||||
| Distribution and service fees | 12116 | 10783 | 10439 | 11482 | 11618 | 12607 | 10783 | 12607 | 21222 | 32704 | 44322 | ||||||||||||||
| Administration and shareholder service fees | 9588 | 8981 | 9476 | 14699 | 15840 | 15738 | 8981 | 15738 | 18457 | 33156 | 48996 | ||||||||||||||
| Other income and fees | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||
| Total revenues | $82324 | $79776 | $94132 | $123675 | $128024 | $129028 | $79776 | $129028 | 173908 | 297583 | 425607 | ||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||
| Employment expenses | $33142 | $39641 | $42992 | $54159 | $54602 | $60696 | $39641 | $60696 | 82633 | 136792 | 191394 | ||||||||||||||
| Distribution and other asset-based expenses | 17380 | 15323 | 15764 | 20552 | 20348 | 22291 | 15323 | 22291 | 31087 | 51639 | 71987 | ||||||||||||||
| Other operating expenses | 11392 | 13226 | 20236 | 17733 | 18215 | 16862 | 13226 | 16862 | 33462 | 51195 | 69410 | ||||||||||||||
| Other operating expenses of consolidated investment products | 635 | 642 | 473 | 6757 | 659 | 511 | 642 | 511 | |||||||||||||||||
| Restructuring and severance | 1879 | - | 8894 | 1584 | 102 | - | - | - | 8894 | 10478 | 10580 | ||||||||||||||
| Depreciation expense | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||
| Amortization expense | 604 | 233 | 1813 | 5063 | 5064 | 5036 | 233 | 5036 | 2046 | 7109 | 12173 | ||||||||||||||
| Total operating expenses | $65786 | $69729 | $90948 | $106886 | $100009 | $106411 | $69729 | $106411 | 160677 | 267563 | 367572 | ||||||||||||||
| Operating Income (Loss) | $16538 | $10047 | $3184 | $16789 | $28015 | $22617 | $10047 | $22617 | 13231 | 30020 | 58035 | ||||||||||||||
| operating margin | 109 | 201 | 160 | 126 | 126 | 175 | |||||||||||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Consolidated ex CSIPs | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - Non-GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Revenues as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Dividend Income - Corporate Holdings | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44801 - Other Inc - Distribution | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 65315 - Foreign Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income - Forex | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||||
| Other Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net as adjusted | $51 | $ - | $ - | $ - | $ - | ($198) | $ - | ($198) | 89 | 140 | 141 | - 0 | - 0 | - 0 | |||||||||||||||||||
| Other income net as adjusted | 250 | 646 | 46 | 436 | 506 | 1319 | 646 | 1319 | 213 | 463 | 1089 | 692 | 1128 | 1634 | |||||||||||||||||||
| Total other income (expense) as adjusted | $301 | $646 | $46 | $436 | $506 | $1121 | $646 | $1121 | 302 | 603 | 1230 | 692 | 1128 | 1634 | |||||||||||||||||||
| Interest Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Interest expense as adjusted | ($128) | ($243) | ($1453) | ($4116) | ($3909) | ($3818) | ($243) | ($3818) | (261) | (389) | (679) | (1696) | (5812) | (9721) | |||||||||||||||||||
| Interest and dividend income as adjusted | 116 | 115 | 279 | 198 | 258 | 268 | 115 | 268 | 248 | 364 | 446 | 394 | 592 | 850 | |||||||||||||||||||
| Total interest income (expense) net as adjusted | ($12) | ($128) | ($1174) | ($3918) | ($3651) | ($3550) | ($128) | ($3550) | (13) | (25) | (233) | (1302) | (5220) | (8871) | |||||||||||||||||||
| Pre-Tax Income (Loss) As Adjusted | $20581 | $14024 | $21534 | $31709 | $35910 | $30383 | $14024 | $30383 | 32188 | 52769 | 71372 | Q1 2017 Adjustment | 35558 | 67267 | 103177 | ||||||||||||||||||
| Income tax expense (benefit) as adjusted | 7693 | 5407 | 8181 | 12173 | 14035 | 8557 | 5407 | 8557 | 12368 | 20061 | 27064 | Q1 2017 Adjustment | 13588 | 25761 | 39796 | ||||||||||||||||||
| Net Income (Loss) As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | 21970 | 41506 | 63381 | |||||||||||||||||||
| Noncontrolling interests as adjusted | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | ||||||||||||||||||||||
| Net Income Attributable to Common Stockholders As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | ||||||||||||||||||||||
| TM1BpmFinance | ||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||
| Total Cost Codes - Non-GAAP | ||||||||||||||||||||||||||||
| Total Line of Business | ||||||||||||||||||||||||||||
| Total Products - Non-GAAP | Q2 2017 | Q2 2017 | Jun 2016 YTD | Jun 2017 YTD | ||||||||||||||||||||||||
| Original | ||||||||||||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||
| Investment management fees as adjusted | Investment management fees as adjusted | $60551 | $59513 | $74272 | $98402 | $102114 | $102047 | $59513 | $102047 | 133785 | 232187 | 334301 | ||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | 12122 | 10793 | 10446 | 11486 | 11623 | 12611 | 10793 | 12611 | 21239 | 32725 | 44348 | ||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and shareholder service fees as adjusted | 9620 | 9015 | 9495 | 14709 | 15849 | 15739 | 9015 | 15739 | 18510 | 33219 | 49068 | ||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||||
| Distribution and other asset-based expenses as adjusted | Distribution and other asset-based expenses as adjusted | (17380) | (15323) | (15764) | (20552) | (20348) | (22291) | (15323) | (22291) | (31087) | (51639) | (71987) | ||||||||||||||||
| Revenues as adjusted | Total revenues as adjusted | $65135 | $64739 | $78604 | $104244 | $109357 | $108313 | $64739 | $108313 | 143343 | 247587 | 356944 | ||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||
| Employment expenses as adjusted | Employment expenses as adjusted | $33142 | $39641 | $40933 | $51884 | $52593 | $58793 | $39641 | $58793 | 80574 | 132458 | 185051 | ||||||||||||||||
| Other operating expenses as adjusted | Other operating expenses as adjusted | 10947 | 10928 | 14233 | 16131 | 16690 | 15693 | 10928 | 15693 | 25161 | 41292 | 57982 | ||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||||
| Operating Expenses as Adjusted | Total operating expenses as adjusted | $44843 | $51233 | $55942 | $69053 | $70302 | $75501 | $51233 | $75501 | 107175 | 176228 | 246530 | ||||||||||||||||
| Operating Income As Adjusted | Operating Income (Loss) As Adjusted | $20292 | $13506 | $22662 | $35191 | $39055 | $32812 | $13506 | $32812 | 36168 | 71359 | 110414 | ||||||||||||||||
| operating margin | 266 | 312 | 284 | 209 | 357 | 303 | ||||||||||||||||||||||
OVERVIEW OF FIRST QUARTER
5
OVERVIEW OF FIRST QUARTER
See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Assets and Flows
Long-term assets under management decreased $14 billion or 16 sequentially to $874 billion primarily reflecting net outflows and market depreciation
Total sales of $54 billion which included $04 billion of inflows from a new CLO increased $13 billion or 32 sequentially mutual fund sales increased $11 billion or 43
Net outflows of $07 billion reflect positive flows in open-end mutual funds structured products and ETFs more than offset by net outflows in institutional accounts
Non-GAAP Financial Results
Operating income as adjusted of $328 million included $68 million of seasonally higher employment expenses
Operating margin as adjusted of 30 excluding the $68 million adjusted operating margin was 37
Earnings per diluted share as adjusted of $259 reflect seasonally higher employment expenses primarily offset by lower tax expense and an increase in other income as adjusted
Capital Activities Term loan refinancing reduced the interest rate by 125 basis points and increased financial flexibility through
removal of financial maintenance covenant
Added $1050 million of additional term loan capacity to be drawn at closing of SGA transaction
Net debt to Bank EBITDA of 10x increased from 07x sequentially primarily due to lower cash and equivalents resulting from the timing of annual incentive payments
FIRST QUARTER RESULTS
7
$480
$850 $871 $888 $874
$886 $906 $910 $891
33117 63017 93017 123117 33118
ASSETS UNDER MANAGEMENT
Quarterly Trends Commentary
$ in billions 1 Consists of real estate securities master limited partnerships options strategies and other
Sequential decrease in long-term assets of $14 billion or 16 primarily due to net outflows and market depreciation
Change in long-term assets from prior year primarily reflects assets from acquisition and $62 billion of market appreciation
Assets in structured products increased 12 sequentially to $37 billion
Assets diversified by investment style strategy and asset class
Long-Term Liquidity
Equity 583 490 495 515 525
Fixed Income 331 460 456 436 435
Alternatives1 86 50 49 49 40
Long-Term Assets by Asset Class
8
($28)
($61)
$05 ($02) $02 ($08) ($07) $05 ($07)
46 (17) 10 (35) (33) 46 (33)
Sales Metrics
Net Flows1
Net Flow Rate2
YTD 17 YTD 18
$33
$54
($28) ($37) ($44) ($49)($61)
$33 $35 $46 $41
$54
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
ASSET FLOWS
Inflows (Outflows) Year to Date Commentary
$ in billions 1 Net flows exclude flows from liquidity products 2 Annualized net flows divided by beginning of period long-term AUM
Sales increased $13 billion or 32 sequentially
Open-ended fund sales increased $11 billion or 43 reflecting higher sales in domestic equity international equity and fixed income strategies
Structured product sales include $04 billion CLO issuance
Net flows of ($07) billion included
minus Structured products $04 billion
minus Open-end mutual funds $01 billion
minus ETFs $01 billion
minus Retail separate accounts ($01) billion
minus Institutional accounts($12) billion
Net flows
1
9
YTD 17 YTD 18
$595 $743
$984 $1021 $1020
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
513 483 448 454 460 513 460
$464 $607 $860 $878 $889 $464 $889
Metrics
Long-Term Net Fee Rate1 ndash BPS
Long-Term Average AUM - ($Bn)
INVESTMENT MANAGEMENT FEES AS ADJUSTED
Quarterly Results Year to Date Commentary
$ in millions except AUM figures which are in billions 1 Represents net investment management fees divided by average assets Net investment management fees are net investment management fees as adjusted less fees paid to third party service providers for investment management related services See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Investment management fees were unchanged sequentially as higher fee rate and average AUM was offset by two fewer days
Average long-term fee rate increased sequentially due to relative levels of assets in equity products $595
$1020
10
YTD 17 YTD 18
612 521 498 481 543 612 543
of Revenues as adjusted
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Employment expenses as adjusted increased sequentially due to seasonally higher employment expenses of
minus $39 million of payroll taxes due to timing of annual incentive payments
minus $23 million of benefit payments primarily the timing of 401K match
minus $06 million of retirement-eligible employeesrsquo stock-based compensation
Excluding $68 million of seasonally higher expenses employment expense ratio was 48
EMPLOYMENT EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$588
$396 $396 $409
$519 $526 $588
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
11
169 181 155 153 145 169 145
of Revenues as adjusted
YTD 17 YTD 18
$109
$142 $161
$158 $157
$167
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$ in millions See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Decrease of $10 million or 6 from prior quarter which included $09 million of transaction costs attributable to the SGA agreement
Other operating expenses as adjusted as a percentage of revenues as adjusted declined 80 bps sequentially
OTHER OPERATING EXPENSES AS ADJUSTED
Quarterly Results Year to Date Commentary
$157
$109
SGA Transaction Costs
12
YTD 17 YTD 18
$135
$328
$116 $259
$86 $134 $195 $219 $218 $86 $218
209 288 338 357 303 209 303
Metrics
Net Income As Adjusted
Operating Margin As Adjusted
$135
$227
$352 $391
$328
Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
$116 $161 $230 $260 $259
$ in millions except per share data See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
NON-GAAP RESULTS
Quarterly Results Year to Date Commentary
Operating Income As Adjusted Diluted EPS as adjusted of $259 was relatively unchanged sequentially as seasonally higher employment expenses offset tax savings and increased other income
minus Excludes dividends and interest earned on seed and CLO investments of $34 million
Operating margin as adjusted of 30 increased 940 bps from prior year
Excluding seasonally higher employment expenses operating margin as adjusted was 37
Diluted earnings per share as adjusted
13
CAPITAL POSITION Select Non-GAAP Balance Sheet Items Commentary
Refinanced term loan to reduce interest rate and increase financial flexibility
Secured additional $1050 million of term loan capacity to be drawn at closing of SGA transaction
Invested $202 million in recently issued CLO
Preferred shares outstanding as adjusted reflect per share conversion price of $128 compared with $117 sequentially
33117 63017 93017 123117 033118
Cash and cash equivalents $236 $128 $165 $132 $81Seed capital investments1 $175 $104 $109 $118 $116Investments - other2 $31 $92 $93 $112 $137Goodwill and intangible assets net $45 $483 $477 $472 $467Deferred taxes net $46 $55 $49 $32 $32Debt3 $0 $248 $249 $248 $245Contingent consideration $0 $52 $52 $0 $0Total equity attributable to stockholders $552 $574 $584 $589 $609
Working capital (WC) 4 $225 $49 $68 $76 $83
Common shares outstanding 6989 7218 7158 7160 7217Hypothetical conversion of preferred shares 5 1045 1045 1035 0980 0900Common shares outstanding as adjusted 5 8035 8263 8193 8140 8117
Metrics Net Debt6 NA $184 $147 $127 $178Gross Debt7 to Bank EBITDA8 NA 15x 15x 15x 15x Net Debt to Bank EBITDA NA 11x 09x 07x 10x
In millions except per share data 1 Represents the companyrsquos investments in sponsored investment products including open-end funds and separate accounts 2 Represents investments not related to seed capital investments primarily company-managed CLOs 3 Defined gross debt less deferred financing costs
4 Defined as cash and equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities contingent consideration and dividends payable
5 Assumes conversion of preferred shares to common shares at the 20 day volume-weighted average common stock price at period end subject to a conversion price range of $110 to $132 per share resulting in a conversion ratio range of 09091 to 07576
6 Defined as gross debt less cash and cash equivalents 7 Defined as total debt outstanding on seven-year term loan 8 Calculated in accordance with the companyrsquos credit agreement See the financial supplement for US GAAP to Non-GAAP (ldquoas adjustedrdquo) reconciliations and related notes
Financial Supplement
15
NON-GAAP INFORMATION
Income Statement1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues As Adjusted
Investment management fees as adjusted $59513 $74272 $98402 $102114 $102047 $59513 $102047
Distribution and service fees as adjusted 10793 10446 11486 11623 12611 10793 12611
Administration and shareholder service fees as adjusted 9015 9495 14709 15849 15739 9015 15739
Other income and fees as adjusted 741 155 199 119 207 741 207
Distribution and other asset-based expenses as adjusted (15323) (15764) (20552) (20348) (22291) (15323) (22291)
Total revenues as adjusted $64739 $78604 $104244 $109357 $108313 $64739 $108313
Operating Expenses As Adjusted
Employment expenses as adjusted $39641 $40933 $51884 $52593 $58793 $39641 $58793
Other operating expenses as adjusted 10928 14233 16131 16690 15693 10928 15693
Depreciation and other amortization as adjusted 664 776 1038 1019 1015 664 1015
Total operating expenses as adjusted $51233 $55942 $69053 $70302 $75501 $51233 $75501
Operating Income (Loss) As Adjusted $13506 $22662 $35191 $39055 $32812 $13506 $32812
16
NON-GAAP INFORMATION
Income Statement1 (continued) (Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of the reclassification of
certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense) As Adjusted
Realized and unrealized gain (loss) on investments net as adjusted
$ - $ - $ - $ - ($198) $ - ($198)
Other income net as adjusted 646 46 436 506 1319 646 1319
Total other income (expense) as adjusted $646 $46 $436 $506 $1121 $646 $1121
Interest Income (Expense) As Adjusted
Interest expense as adjusted ($243) ($1453) ($4116) ($3909) ($3818) ($243) ($3818)
Interest and dividend income as adjusted 115 279 198 258 268 115 268
Total interest income (expense) net as adjusted ($128) ($1174) ($3918) ($3651) ($3550) ($128) ($3550)
Pre-Tax Income (Loss) As Adjusted $14024 $21534 $31709 $35910 $30383 $14024 $30383
Income tax expense (benefit) as adjusted 5407 8181 12173 14035 8557 5407 8557
Net Income (Loss) As Adjusted $8617 $13353 $19536 $21875 $21826 $8617 $21826
17
NON-GAAP INFORMATION
Balance Sheet1
(Unaudited)
$ in thousands (1) The non-GAAP financial information included in this presentation differ from financial information determined in accordance with US GAAP as a result of presenting
balance sheet accounts before the consolidation of investment products
033117 063017 093017 123117 033118
Assets
Cash and cash equivalents $235930 $127571 $164867 $132150 $80765
Investments ndash seed capital 174810 104076 108511 118443 115848
Investments ndash other 30714 91739 92676 112105 136821
Investments ndash long term 15472 18325 18309 18729 20014
Accounts receivable net 38169 60557 62668 66982 64267
Furniture equipment and leasehold improvements net 7263 12295 11557 10833 11396
Intangible assets net 38194 312081 307017 301954 296918
Goodwill 6788 171170 170153 170153 170153
Deferred taxes net 45716 54655 49002 32428 31875
Other assets 25909 26532 25863 35772 36777
Total assets $618965 $979001 $1010623 $999549 $964834
18
NON-GAAP INFORMATION
$ in thousands (1) The non-GAAP financial information included in this presentation differs from US GAAP as a result of presenting balance sheet accounts before the consolidation of
investment products (2) Defined as cash and cash equivalents plus accounts receivable net less accrued compensation and benefits accounts payable and accrued liabilities dividends payable and
contingent consideration
Balance Sheet1 (continued) (Unaudited)
033117 063017 093017 123117 033118
Liabilities and Equity
Liabilities
Accrued compensation and benefits $16519 $51978 $69833 $86658 $27471
Accounts payable and accrued liabilities 30365 29167 31677 29607 28214
Dividends payable 5991 6173 6318 6528 6479
Other liabilities 13702 18280 18356 39895 48476
Contingent consideration - 51690 51690 - -
Debt - 248111 248540 248320 245402
Total liabilities $66577 $405399 $426414 $411008 $356042
Equity
Equity attributable to stockholders $552388 $573602 $584209 $588541 $608792
Total liabilities and equity $618965 $979001 $1010623 $999549 $964834
Working capital2 $224848 $49119 $68017 $76339 $82868
19
US GAAP INFORMATION
Income Statement (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Revenues
Investment management fees $59271 $74062 $97295 $100447 $100476 $59271 $100476
Distribution and service fees 10783 10439 11482 11618 12607 10783 12607
Administration and shareholder service fees 8981 9476 14699 15840 15738 8981 15738
Other income and fees 741 155 199 119 207 741 207
Total revenues $79776 $94132 $123675 $128024 $129028 $79776 $129028
Operating Expenses
Employment expenses $39641 $42992 $54159 $54602 $60696 $39641 $60696
Distribution and other asset-based expenses 15323 15764 20552 20348 22291 15323 22291
Other operating expenses 13226 20236 17733 18215 16862 13226 16862
Other operating expenses of consolidated investment products 642 473 6757 659 511 642 511
Restructuring and severance - 8894 1584 102 - - -
Depreciation expense 664 776 1038 1019 1015 664 1015
Amortization expense 233 1813 5063 5064 5036 233 5036
Total operating expenses $69729 $90948 $106886 $100009 $106411 $69729 $106411
Operating Income (Loss) $10047 $3184 $16789 $28015 $22617 $10047 $22617
20
US GAAP INFORMATION
Income Statement (continued) (Unaudited)
$ in thousands
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other Income (Expense)
Realized and unrealized gain (loss) on investments net $297 $1287 $1367 $22 $438 $297 $438
Realized and unrealized gain (loss) of consolidated investment products net
4444 (1424) 13465 (2932) 2259 4444 2259
Other income (expense) net 646 47 436 506 1319 646 1319
Total other income (expense) net $5387 ($90) $15268 ($2404) $4016 $5387 $4016
Interest Income (Expense)
Interest expense ($243) ($3739) ($4116) ($3909) ($3858) ($243) ($3858)
Interest and dividend income 188 446 679 847 721 188 721
Interest and dividend income of consolidated investment products
5656 5102 17778 20787 21403 5656 21403
Interest expense of consolidated investment products (2857) (2995) (16249) (13142) (14549) (2857) (14549)
Total interest income (expense) net $2744 ($1186) ($1908) $4583 $3717 $2744 $3717
Income (Loss) Before Income Taxes $18178 $1908 $30149 $30194 $30350 $18178 $30350
Income tax expense (benefit) 4433 1880 9626 24551 6523 4433 6523
Net Income (Loss) $13745 $28 $20523 $5643 $23827 $13745 $23827
Noncontrolling interests (718) (333) (1731) (145) (527) (718) (527)
Net Income (Loss) Attributable to Stockholders $13027 ($305) $18792 $5498 $23300 $13027 $23300
Preferred stockholder dividends (2084) (2084) (2084) (2084) (2084) (2084) (2084)
Net Income (Loss) Attributable to Common Stockholders $10943 ($2389) $16708 $3414 $21216 $10943 $21216
21
ASSETS UNDER MANAGEMENT
Assets Product and Asset Class
$ in millions (1) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts (3) Consists of real estate securities master-limited partnerships options strategies and other
033117 063017 093017 123117 033118
Assets by Product
Retail Funds $237104 $404210 $413254 $419499 $420927
UCITS1 576 666 794 1223 1272 Variable Insurance Funds 9488 9652 9929 10054 9826 Total ndash Open-End Funds $247168 $414528 $423977 $430776 $432025
Closed-End Funds $68143 $67072 $67354 $66662 $61327Exchange Traded Funds $8633 $9688 $9557 $10392 $9802
Intermediary Sold Managed Accounts $60352 $90452 $95777 $102607 $105352Private Client 32769 33059 34795 36761 34771 Total ndash Retail Separate Accounts $93121 $123511 $130572 $139368 $140123
Institutional Accounts 57113 206391 206305 208159 194112 Structured Products 6020 28998 33600 32988 37046
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
Liquidity2 $00 $35706 $34314 $21287 $16416 Total $480198 $885894 $905679 $909632 $890851
Assets by Asset Class
Equity $279905 $416726 $431479 $457798 $458928 of total 583 490 495 515 525
Fixed Income2 159087 391021 397417 387400 379992 of total 331 460 456 436 434
Alternatives3 41206 42441 42469 43147 35515 of total 86 50 49 49 41
Total ndash Long-Term $480198 $850188 $871365 $888345 $874435
22
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows TotalLong-term
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18Long-termBeginning balance $453663 $480198 $850188 $871365 $888345 $453663 $888345Inflows 32653 34523 45652 41157 54310 32653 54310Outflows (27458) (36529) (43310) (48868) (61616) (27458) (61616)Net Flows 5195 (2006) 2342 (7711) (7306) 5195 (7306)Market performance 23623 17434 21358 27326 (3879) 23623 (3879)Other1 (2283) 354562 (2523) (2635) (2725) (2283) (2725)Ending Balance - Long-Term $480198 $850188 $871365 $888345 $874435 $480198 $874435Ending Balance - Liquidity - 35706 34314 21287 16416 - 16416 Ending Balance - Total $480198 $885894 $905679 $909632 $890851 $480198 $890851
23
ASSETS UNDER MANAGEMENT
Asset Flows Product
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage (2) Represents assets under management of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Retail FundsBeginning balance $224521 $237104 $404210 $413254 $419499 $224521 $419499Inflows 20163 22173 28215 26190 37542 20163 37542 Outflows (20950) (22360) (28369) (32366) (36175) (20950) (36175) Net Flows (787) (187) (154) (6176) 1367 (787) 1367 Market performance 13954 11679 9854 13694 645 13954 645
Other 1 (584) 155614 (656) (1273) (584) (584) (584) Ending Balance $237104 $404210 $413254 $419499 $420927 $237104 $420927
UCITS2
Beginning balance $489 $576 $666 $794 $1223 $489 $1223Inflows 96 232 135 219 193 96 193 Outflows (16) (19) (22) (50) (69) (16) (69) Net Flows 80 213 113 169 124 80 124 Market performance 08 08 16 11 (03) 08 (03)
Other 1 (01) (131) (01) 249 (72) (01) (72) Ending Balance $576 $666 $794 $1223 $1272 $576 $1272
24
ASSETS UNDER MANAGEMENT
Asset Flows Product
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Variable Insurance FundsBeginning balance $9318 $9488 $9652 $9929 $10054 $9318 $10054Inflows 68 134 75 69 101 68 101 Outflows (381) (407) (336) (334) (378) (381) (378) Net Flows (313) (273) (261) (265) (277) (313) (277) Market performance 483 436 537 390 56 483 56
Other 1 - 01 01 - (07) - (07) Ending Balance $9488 $9652 $9929 $10054 $9826 $9488 $9826
Subtotal ndash Open-End FundsBeginning balance $234328 $247168 $414528 $423977 $430776 $234328 $430776Inflows 20327 22539 28425 26478 37836 20327 37836 Outflows (21347) (22786) (28727) (32750) (36622) (21347) (36622) Net Flows (1020) (247) (302) (6272) 1214 (1020) 1214 Market performance 14445 12123 10407 14095 698 14445 698
Other 1 (585) 155484 (656) (1024) (663) (585) (663) Ending Balance $247168 $414528 $423977 $430776 $432025 $247168 $432025
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
25
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Closed-End FundsBeginning balance $67574 $68143 $67072 $67354 $66662 $67574 $66662Inflows - - - - - - - Outflows (816) (312) - - - (816) - Net Flows (816) (312) - - - (816) - Market performance 2808 164 1244 228 (4061) 2808 (4061)
Other 1 (1423) (923) (962) (920) (1274) (1423) (1274) Ending Balance $68143 $67072 $67354 $66662 $61327 $68143 $61327
Exchange Traded FundsBeginning balance $5968 $8633 $9688 $9557 $10392 $5968 $10392Inflows 2657 1851 1041 1777 1395 2657 1395 Outflows (230) (513) (289) (494) (632) (230) (632) Net Flows 2427 1338 752 1283 763 2427 763 Market performance 346 (85) 42 (88) (775) 346 (775)
Other 1 (108) (198) (925) (360) (578) (108) (578) Ending Balance $8633 $9688 $9557 $10392 $9802 $8633 $9802
26
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Intermediary Sold Managed AccountsBeginning balance $54035 $60352 $90452 $95777 $102607 $54035 $102607Inflows 4809 5003 5415 5515 5763 4809 5763 Outflows (1640) (2140) (4097) (4558) (5574) (1640) (5574) Net Flows 3169 2863 1318 957 189 3169 189 Market performance 3148 2331 4007 5873 2556 3148 2556
Other 1 - 24906 - - - - - Ending Balance $60352 $90452 $95777 $102607 $105352 $60352 $105352
Private ClientBeginning balance $30700 $32769 $33059 $34795 $36761 $30700 $36761Inflows 2083 1559 1629 1290 1250 2083 1250 Outflows (1339) (2417) (704) (567) (2291) (1339) (2291) Net Flows 744 (858) 925 723 (1041) 744 (1041) Market performance 1390 1085 776 1351 (949) 1390 (949)
Other 1 (65) 63 35 (108) - (65) - Ending Balance $32769 $33059 $34795 $36761 $34771 $32769 $34771
Total Retail Separate AccountsBeginning balance $84735 $93121 $123511 $130572 $139368 $84735 $139368Inflows 6892 6562 7044 6805 7013 6892 7013 Outflows (2979) (4557) (4801) (5125) (7865) (2979) (7865) Net Flows 3913 2005 2243 1680 (852) 3913 (852) Market performance 4538 3416 4783 7224 1607 4538 1607
Other 1 (65) 24969 35 (108) - (65) - Ending Balance $93121 $123511 $130572 $139368 $140123 $93121 $140123
27
ASSETS UNDER MANAGEMENT
Asset Flows Product (continued)
$ in millions (1) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales
related activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Institutional AccountsBeginning balance $54927 $57113 $206391 $206305 $208159 $54927 $208159Inflows 2777 3571 4399 6097 4230 2777 4230 Outflows (1919) (6121) (8937) (10004) (16497) (1919) (16497) Net Flows 858 (2550) (4538) (3907) (12267) 858 (12267) Market performance 1383 1681 4511 5819 (1727) 1383 (1727)
Other 1 (55) 150147 (59) (58) (53) (55) (53) Ending Balance $57113 $206391 $206305 $208159 $194112 $57113 $194112
Structured ProductsBeginning balance $6131 $6020 $28998 $33600 $32988 $6131 $32988Inflows - - 4743 - 3836 - 3836 Outflows (167) (2240) (556) (495) - (167) - Net Flows (167) (2240) 4187 (495) 3836 (167) 3836 Market performance 103 135 371 48 379 103 379
Other 1 (47) 25083 44 (165) (157) (47) (157) Ending Balance $6020 $28998 $33600 $32988 $37046 $6020 $37046
LiquidityBeginning balance $ - $ - $35706 $34314 $21287 $ - $21287
Other 1 - 35706 (1392) (13027) (4871) - (4871) Ending Balance $ - $35706 $34314 $21287 $16416 $ - $16416
28
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Domestic Equity FundsBeginning balance $43354 $45745 $111649 $115133 $120233 $43354 $120233Inflows 3754 4585 8151 7646 13869 3754 13869 Outflows (4032) (4690) (8631) (8960) (10113) (4032) (10113) Net Flows (278) (105) (480) (1314) 3756 (278) 3756 Market performance 2573 3285 4239 6662 1006 2573 1006
Other 2 96 62724 (275) (248) 169 96 169 Ending Balance $45745 $111649 $115133 $120233 $125164 $45745 $125164
International Equity FundsBeginning balance $83003 $91969 $101510 $105954 $112960 $83003 $112960Inflows 7882 8130 6828 6257 8537 7882 8537 Outflows (8884) (7220) (6202) (4716) (8875) (8884) (8875) Net Flows (1002) 910 626 1541 (338) (1002) (338) Market performance 10220 7828 3800 5624 111 10220 111
Other 2 (252) 803 18 (159) (60) (252) (60) Ending Balance $91969 $101510 $105954 $112960 $112673 $91969 $112673
Total Equity FundsBeginning balance $126357 $137714 $213159 $221087 $233193 $126357 $233193Inflows 11636 12715 14979 13903 22406 11636 22406 Outflows (12916) (11910) (14833) (13676) (18988) (12916) (18988) Net Flows (1280) 805 146 227 3418 (1280) 3418 Market performance 12793 11113 8039 12286 1117 12793 1117
Other 2 (156) 63527 (257) (407) 109 (156) 109 Ending Balance $137714 $213159 $221087 $233193 $237837 $137714 $237837
Cognos_Office_Connection_Cache
2 NGIS
3 NGIS
Non-GAAP IS Data
4 GAAPIS
5 GAAPIS
GAAP IS Data
6 BS
7 BS
Sheet2
8 AUM
8 AUM Data
9 Fees
9 AVG Assets
9 Fees Data Avg AUM
9 Fees Data Fees
10 AUM T
10 AUM T Data
11 Flows
11 Flows Data
12 Flows
13 Flows
14 Flows
15amp17 Flows
16 Flows
OEF AUM
24 Other
RidgeWorth
29
ASSETS UNDER MANAGEMENT
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Excludes liquidity funds (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Asset Flows Open-End Funds1 by Asset Class (continued)
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Taxable Bond Funds2
Beginning balance $89188 $91382 $175183 $177544 $173630 $89188 $173630Inflows 7256 8342 12388 11601 14186 7256 14186Outflows (6149) (9139) (11685) (16523) (15177) (6149) (15177)Net Flows 1107 (797) 703 (4922) (991) 1107 (991) Market performance 1445 737 2002 1354 493 1445 493
Other3 (358) 83861 (344) (346) (714) (358) (714)Ending Balance $91382 $175183 $177544 $173630 $172418 $91382 $172418
Non-Taxable Bond FundsBeginning balance $1961 $1969 $10156 $9985 $9335 $1961 $9335Inflows 104 258 320 322 529 104 529 Outflows (162) (335) (563) (978) (865) (162) (865) Net Flows (58) (77) (243) (656) (336) (58) (336) Market performance 27 09 75 56 (105) 27 (105)
Other3 39 8255 (03) (50) (27) 39 (27) Ending Balance $1969 $10156 $9985 $9335 $8867 $1969 $8867
Total Fixed Income FundsBeginning balance $91149 $93351 $185339 $187529 $182965 $91149 $182965Inflows 7360 8600 12708 11923 14715 7360 14715 Outflows (6311) (9474) (12248) (17501) (16042) (6311) (16042) Net Flows 1049 (874) 460 (5578) (1327) 1049 (1327) Market performance 1472 746 2077 1410 388 1472 388
Other3 (319) 92116 (347) (396) (741) (319) (741) Ending Balance $93351 $185339 $187529 $182965 $181285 $93351 $181285
30
ASSETS UNDER MANAGEMENT
Asset Flows Open-End Funds1 by Asset Class (continued)
$ in millions (1) Represents assets under management and net management fees of US 1940 Act mutual funds and Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (2) Consists of real estate securities master-limited partnerships option strategies and other (3) Represents open-end and closed-end fund distributions net of reinvestments the net change in assets from liquidity strategies and the impact on net flows from non-sales related
activities such as asset acquisitions(dispositions) seed capital investments(withdrawals) structured products reset transactions and the use of leverage
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Alternative Funds2
Beginning balance $16822 $16103 $16030 $15361 $14618 $16822 $14618Inflows 1331 1224 738 652 715 1331 715 Outflows (2120) (1402) (1646) (1573) (1592) (2120) (1592) Net Flows (789) (178) (908) (921) (877) (789) (877) Market performance 180 264 291 399 (807) 180 (807)
Other 13 (110) (159) (52) (221) (31) (110) (31) Ending Balance $16103 $16030 $15361 $14618 $12903 $16103 $12903
31
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM
$ in millions (1) Represents net investment management fees divided by average assets Net investment management fees are investment management fees as adjusted less fees paid to third-party
service providers for investment management related services which impacted the fee rate in the three months ended March 31 2018 for Open-End Funds and All Products by 05 and 04 basis points respectively
(2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes incentive fees earned in the three months ended September 30 2017 December 31 2017 and March 31 2018 which impacted the fee rate by 102 14 and 02 basis points
respectively (4) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Net Management Fees1
(in basis points annualized)Retail Funds 502 505 477 498 502 502 502
UCITS2 103 154 279 - - 103 - Variable Insurance Funds 612 601 590 658 653 612 653 Total Open-End Funds 505 507 479 501 503 505 503
Closed-End Funds 662 658 660 660 663 662 663 Exchange Traded Funds 317 272 270 157 182 317 182
Intermediary Sold Managed Accounts 409 381 362 358 370 409 370 Private Client 768 740 749 746 772 768 772 Total Retail Separate Accounts 539 497 466 461 476 539 476
Institutional Accounts 372 327 310 312 318 372 318
Structured Products3 335 335 471 388 392 335 392 Total Long-Term Assets 513 483 448 454 460 513 460
Liquidity4 - 114 60 85 118 - 118 Total 513 475 434 439 453 513 453
32
ASSETS UNDER MANAGEMENT
Average Net Fees and AUM (continued)
$ in millions (1) Averages are calculated as follows Funds ndash average daily or weekly balances Retail Separate Accounts ndash prior quarter ending balance or average of month-end balances in quarter
Institutional Accounts ndash average of month-end balances in quarter (2) Represents assets under management and net management fees of Undertakings for Collective Investments in Transferable Securities (ldquoUCITSrdquo) (3) Includes assets under management in liquidity strategies including both open-end funds and institutional accounts
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Average Assets by Product1
Retail Funds $231507 $296253 $410279 $417448 $426078 $231507 $426078
UCITS2 538 591 720 930 1281 538 1281 Variable Insurance Funds 9531 9672 9810 10023 10155 9531 10155 Total ndash Open-End Funds $241576 $306516 $420809 $428401 $437514 $241576 $437514
Closed-End Funds $67861 $68096 $67581 $67260 $63461 $67861 $63461Exchange Traded Funds $7592 $9008 $9450 $9583 $10457 $7592 $10457
Intermediary Sold Managed Accounts $53936 $68667 $90396 $95724 $102472 $53936 $102472Private Client 30700 32770 33059 34795 36761 30700 36761 Total ndash Retail Separate Accounts $84636 $101437 $123455 $130519 $139233 $84636 $139233
Institutional Accounts $56032 $107951 $207286 $209331 $201658 $56032 $201658Structured Products 6033 13929 31111 33040 36191 6033 36191 Total ndash Long-Term Assets $463730 $606937 $859692 $878134 $888514 $463730 $888514
Liquidity3 $00 $13286 $33311 $36351 $17876 $00 $17876 Total $463730 $620223 $893003 $914485 $906390 $463730 $906390
33
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100476$ -$ 1571$ -$ -$ -$ -$ 102047$ Distribution and services fees 12607 - 4 - - - - 12611 Administration and transfer agent fees 15738 - 1 - - - - 15739 Other income and fees 207 - - - - - - 207 Distribution and other asset-based expenses - (22291) - - - - - (22291) Total revenues 129028 (22291) 1576 - - - - 108313
Operating ExpensesEmployment expenses 60696 - - - - (1903) - 58793 Distribution and other asset-based expenses 22291 (22291) - - - - - - Other operating expense 16862 - - - - (1189) 20 15693 Other operating expenses of consolidated investment products 511 - (511) - - - - - Depreciation expense 1015 - - - - - - 1015 Amortization expense 5036 - - (5036) - - - - Total operating expenses 106411 (22291) (511) (5036) - (3092) 20 75501
Operating Income (Loss) 22617 - 2087 5036 - 3092 (20) 32812
Other Income (Expense)Realized and unrealized gain (loss) on investments net 438 - 1056 - (1692) - - (198) Realized and unrealized gain (loss) of consolidated investment products net 2259 - (2259) - - - - - Other income (expense) net 1319 - 2494 - (2494) - - 1319 Total other income (expense) net 4016 - 1291 - (4186) - - 1121
Interest Income (Expense)Interest expense (3858) - - - - 40 - (3818) Interest and dividend income 721 - 2949 - (3402) - - 268 Interest and dividend income of investments of consolidated investment products net 21403 - (21403) - - - - - Interest expense of consolidated investment products (14549) - 14549 - - - - - Total interest income (expense) net 3717 - (3905) - (3402) 40 - (3550) Income (Loss) Before Income Taxes 30350 - (527) 5036 (7588) 3132 (20) 30383 Income tax expense (benefit) 6523 - - 1410 (1141) 877 888 8557 Net Income (Loss) 23827 - (527) 3626 (6447) 2255 (908) 21826 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (527) - 527 - - - - Net Income (Loss) Attributable to Common Stockholders 21216$ -$ -$ 3626$ (6447)$ 2255$ 1176$ 21826$
Earnings (Loss) Per Share - Diluted 277$ 259$
Weighted Average Shares Outstanding - Diluted (Thousands) 8411 8411
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q1 2018
$ and share counts in thousands except per share data
(Unaudited)
34
US GAAP TO NON-GAAP RECONCILIATION
$ and share counts in thousands except per share data
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 100447$ -$ 1667$ -$ -$ -$ -$ 102114$ Distribution and services fees 11618 - 5 - - - - 11623 Administration and transfer agent fees 15840 - 9 - - - - 15849 Other income and fees 119 - - - - - - 119 Distribution and other asset-based expenses - (20348) - - - - - (20348) Total revenues 128024 (20348) 1681 - - - - 109357
Operating ExpensesEmployment expenses 54602 - - - - (2009) - 52593 Distribution and other asset-based expenses 20348 (20348) - - - - - - Other operating expense 18215 - - - - (1269) (256) 16690 Other operating expenses of consolidated investment products 659 - (659) - - - - - Restructuring and severance 102 - - - - (102) - - Depreciation expense 1019 - - - - - - 1019 Amortization expense 5064 - - (5064) - - - - Total operating expenses 100009 (20348) (659) (5064) - (3380) (256) 70302
Operating Income (Loss) 28015 - 2340 5064 - 3380 256 39055
Other Income (Expense)Realized and unrealized gain (loss) on investments net 22 - 271 - (293) - - - Realized and unrealized gain (loss) of consolidated investment products net (2932) - 2932 - - - - - Other income (expense) net 506 - (65) - 65 - - 506 Total other income (expense) net (2404) - 3138 - (228) - - 506
Interest Income (Expense)Interest expense (3909) - - - - - - (3909) Interest and dividend income 847 - 2022 - (2611) - - 258 Interest and dividend income of investments of consolidated investment products net 20787 - (20787) - - - - - Interest expense of consolidated investment products (13142) - 13142 - - - - - Total interest income (expense) net 4583 - (5623) - (2611) - - (3651) Income (Loss) Before Income Taxes 30194 - (145) 5064 (2839) 3380 256 35910 Income tax expense (benefit) 24551 - - 1979 (1767) 1321 (12049) 14035 Net Income (Loss) 5643 - (145) 3085 (1072) 2059 12305 21875 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (145) - 145 - - - - Net Income (Loss) Attributable to Common Stockholders 3414$ -$ -$ 3085$ (1072)$ 2059$ 14389$ 21875$
Earnings (Loss) Per Share - Diluted 046$ 260$ Weighted Average Shares Outstanding - Diluted (Thousands) 7433 8413
Reclassifications Adjustments
Q4 2017 (Unaudited)
Cognos_Office_Connection_Cache
Dec 2017 YTD
Q4 2017
Q3 2016
Sheet2
Sheet3
35
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 97295$ -$ 1107$ -$ -$ -$ -$ -$ 98402$ Distribution and services fees 11482 - 4 - - - - - 11486 Administration and transfer agent fees 14699 - 10 - - - - - 14709 Other income and fees 199 - - - - - - - 199 Distribution and other asset-based expenses - (20552) - - - - - - (20552) Total revenues 123675 (20552) 1121 - - - - - 104244
Operating ExpensesEmployment expenses 54159 - - - - - (2275) - 51884 Distribution and other asset-based expenses 20552 (20552) - - - - - - - Other operating expense 17733 - - - - - (1196) (406) 16131 Other operating expenses of consolidated investment products 6757 - (6757) - - - - - Restructuring and severance 1584 - - - (137) - (1447) - - Depreciation expense 1038 - - - - - - - 1038 Amortization expense 5063 - - (5063) - - - - - Total operating expenses 106886 (20552) (6757) (5063) (137) - (4918) (406) 69053
Operating Income (Loss) 16789 - 7878 5063 137 - 4918 406 35191
Other Income (Expense)Realized and unrealized gain (loss) on investments net 1367 - 1880 - - (3247) - - - Realized and unrealized gain (loss) of consolidated investment products net 13465 - (13465) - - - - - Other income (expense) net 436 - 33 - - (33) - - 436 Total other income (expense) net 15268 - (11552) - - (3280) - - 436
Interest Income (Expense)Interest expense (4116) - - - - - - - (4116) Interest and dividend income 679 - 3472 - - (3953) - - 198 Interest and dividend income of investments of consolidated investment products net 17778 - (17778) - - - - - Interest expense of consolidated investment products (16249) - 16249 - - - - - - Total interest income (expense) net (1908) - 1943 - - (3953) - - (3918) Income (Loss) Before Income Taxes 30149 - (1731) 5063 137 (7233) 4918 406 31709 Income tax expense (benefit) 9626 - - 1944 53 (1678) 1889 339 12173 Net Income (Loss) 20523 - (1731) 3119 84 (5555) 3029 67 19536 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (1731) - 1731 - - - - - Net Income (Loss) Attributable to Common Stockholders 16708$ -$ -$ 3119$ 84$ (5555)$ 3029$ 2151$ 19536$
Earnings (Loss) Per Share - Diluted 221$ 230$
Weighted Average Shares Outstanding - Diluted (Thousands) 8492 8492
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION
Q3 2017
$ and share counts in thousands except per share data
(Unaudited)
36
US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsRestructuring and severance
Seed capital and CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 74062$ -$ 210$ -$ -$ -$ -$ -$ 74272$ Distribution and services fees 10439 - 7 - - - - - 10446 Administration and transfer agent fees 9476 - 19 - - - - - 9495 Other income and fees 155 - - - - - - - 155 Distribution and other asset-based expenses - (15764) - - - - - - (15764) Total revenues 94132 (15764) 236 - - - - - 78604
Operating ExpensesEmployment expenses 42992 - - - - - (2059) - 40933 Distribution and other asset-based expenses 15764 (15764) - - - - - - - Other operating expense 20236 - - - - - (5629) (374) 14233
Other operating expenses of consolidated investment products 473 - (473) - - - - - Restructuring and severance 8894 - - - (255) - (8639) - - Depreciation and other amortization 776 - - - - - - - 776 Amortization expense 1813 - - (1813) - - - - - Total operating expenses 90948 (15764) (473) (1813) (255) - (16327) (374) 55942
Operating Income 3184 - 709 1813 255 - 16327 374 22662
Other (Expense)IncomeRealized and unrealized gain(loss) on investments net 1287 - 397 - - (1684) - - - of consolidated investment products net (1424) - 1424 - - - - - Other income net 47 - (1944) - - 1943 - - 46 Total other (expense)income net (90) - (123) - - 259 - - 46
Interest (Expense)IncomeInterest expense (3739) - - - - - 2286 - (1453) Interest and dividend income 446 - 1188 - - (1355) - - 279 Interest and dividend income of investments of consolidated investment products net 5102 - (5102) - - - - - Interest expense of consolidated investment products (2995) - 2995 - - - - - - Total (expense)income net (1186) - (919) - - (1355) 2286 - (1174) Income Before Income Taxes 1908 - (333) 1813 255 (1096) 18613 374 21534 Income tax expense 1880 - - 689 97 (237) 7073 (1321) 8181 Net Income 28 - (333) 1124 158 (859) 11540 1695 13353 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (333) - 333 - - - - - - Net (Loss)Income Attributable to Common Stockholders (2389)$ -$ -$ 1124$ 158$ (859)$ 11540$ 3779$ 13353$ (Loss)Earnings Per Share - Diluted (034)$ 161$
Weighted Average Shares Outstanding - Diluted (in thousands) 7064 8311
Reclassifications Adjustments
US GAAP TO NON-GAAP RECONCILIATION Q2 2017
$ and share counts in thousands except per share data
(Unaudited)
37
US GAAP TO NON-GAAP RECONCILIATION Q1 2017
$ and share counts in thousands except per share data
(Unaudited) US GAAP Basis
Distribution and other asset-
based expenses
Consolidated investment products
Amortization of intangible
assetsSeed capital and
CLO investments
Acquisition and integration expenses Other
Non-GAAP Basis
RevenuesInvestment management fees 59271$ -$ 242$ -$ -$ -$ -$ 59513$ Distribution and services fees 10783 - 10 - - - - 10793 Administration and transfer agent fees 8981 - 34 - - - - 9015 Other income and fees 741 - - - - - - 741 Distribution and other asset-based expenses - (15323) - - - - - (15323) Total revenues 79776 (15323) 286 - - - - 64739
Operating ExpensesEmployment expenses 39641 - - - - - - 39641 Distribution and other asset-based expenses 15323 (15323) - - - - - - Other operating expense 13226 - - - - (1629) (669) 10928 Other operating expenses of consolidated investment vehicles 642 - (642) - - - - - Depreciation and other amortization 664 - - - - - - 664 Amortization expense 233 - - (233) - - - - Total operating expenses 69729 (15323) (642) (233) - (1629) (669) 51233
Operating Income 10047 - 928 233 - 1629 669 13506
Other Income (Expense)Realized and unrealized gain (loss) on investments net 297 - 3513 - (3810) - - - of consolidated investment vehicles net 4444 - (4444) - - - - - Other income (expense) net 646 - 1424 - (1424) - - 646 Total other income (expense) net 5387 - 493 - (5234) - - 646
Interest Income (Expense)Interest expense (243) - - - - - - (243) Interest and dividend income 188 - 660 - (733) - - 115 Interest and dividend income of investments of consolidated investment vehicles net 5656 - (5656) - - - - - Interest expense of consolidated investment vehicles (2857) - 2857 - - - - - Total interest (expense) income net 2744 - (2139) - (733) - - (128) Income Before Income Taxes 18178 - (718) 233 (5967) 1629 669 14024 Income tax expense 4433 - - 90 (288) 628 544 5407 Net Income 13745 - (718) 143 (5679) 1001 125 8617 Preferred stockholder dividends (2084) - - - - - 2084 - Noncontrolling interests (718) - 718 - - - - - Net Income Attributable to Common Stockholders 10943$ -$ -$ 143$ (5679)$ 1001$ 2209$ 8617$ Earnings Per Share - Diluted 162$ 116$ Weighted Average Shares Outstanding - Diluted (in thousands) 6773 7447
Reclassifications Adjustments
Stmt of Ops
Adj Stmt of Ops
1Q 17 Rec
4Q16 Rec
3Q 16 Rec
2Q 16 Rec
1Q 16 Rec
4Q 15 Rec
3Q 15 Rec
2Q 15 Rec
Cognos_Office_Connection_Cache
4Q 16 YTD CHECK
4Q 16 YTD Rec
4Q 15 YTD Rec
3Q 15 YTD Rec
Footnote
3Q 15 Recon (2)
Sheet1
38
Non-GAAP financial information differ from financial information determined in accordance with US GAAP as a result of the reclassification of certain income statement items as well as the exclusion of certain expenses and other items that are not reflective of the earnings generated from providing investment management and related services Non-GAAP financial information have material limitations and should not be viewed in isolation or as a substitute for US GAAP measures Notes to Reconciliations 1 Distribution and other asset-based expenses - Primarily payments to third-party distribution partners and third-party service providers for providing services to
investors in our sponsored funds and payments to third-party service providers for investment management-related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that do not utilize intermediary distribution partners or third-party service providers
2 Consolidated investment products - Revenues and expenses generated by operating activities of majority-owned mutual funds and CLOs that are consolidated in the financial statements Management believes that excluding these operating activities to reflect net revenues and expenses of the company prior to the consolidation of these products is consistent with the approach of reflecting its operating results from managing third-party client assets
3 Amortization of intangible assets - Non-cash amortization expense or impairment expense if any attributable to acquisition-related intangible assets Management believes that making this adjustment aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
4 Restructuring and severance - Certain expenses associated with restructuring the business including lease abandonment-related expenses and severance costs associated with staff reductions that are not reflective of the ongoing earnings generation of the business Management believes that making this adjustment aids in comparing the companys operating results with prior periods
5 Acquisition and integration expenses - Expenses that are directly related to acquisition and integration activities Acquisition expenses include transaction closing costs certain professional fees and financing fees Integration expenses include costs incurred that are directly attributable to combining businesses including compensation restructuring and severance charges professional fees consulting fees and other expenses Management believes that making these adjustments aids in comparing the companyrsquos operating results with other asset management firms that have not engaged in acquisitions
6 Other - Certain expenses that are not reflective of the ongoing earnings generation of the business In addition it includes income tax expense(benefit) items such as adjustments for uncertain tax positions valuation allowances and other unusual or infrequent items not related to current operating results to reflect a normalized effective rate Preferred dividends are adjusted as the shares are mandatorily convertible into common shares at the end of three years and weighted average shares as adjusted reflects the conversion Management believes that making these adjustments aids in comparing the companyrsquos operating results with prior periods
7 Seed capital and CLO investments earnings (losses) - Gains and losses (realized and unrealized) dividends and interest income generated by seed capital and CLO investments Earnings or losses generated by investments in seed capital and CLO investments can vary significantly from period to period and do not reflect the companyrsquos operating results from providing investment management and related services Management believes that making this adjustment aids in comparing the companyrsquos operating results with prior periods and with other asset management firms that do not have meaningful seed capital and CLO investments
FOOTNOTES
39
FOOTNOTES
Components of Acquisition and Integration Expenses and Other for the respective periods are shown in the table below
(Unaudited) Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Acquisition and Integration Expenses
Employment expenses $ - 2059 $2275 $2009 $1903 $ - $1903
Restructuring and severance - 8639 1447 102 - - -
Other operating expenses 1629 5629 1196 1269 1189 1629 1189
Total Acquisition and Integration Operating Expenses $1629 $16327 $4918 $3380 $3092 1629 $3092
Interest expense - 2286 - - 40 - 40
Total Acquisition and Integration Expenses $1629 $18613 $4918 $3380 $3132 1629 $3132
Q117 Q217 Q317 Q417 Q118 YTD17 YTD18
Other
System transition expenses $669 $374 $406 $256 ($20) $669 ($20)
Tax impact of system transition expenses (258) (141) (156) (100) 6 (258) 6
Tax impact of Tax Cuts and Jobs Act - - - 13059 - - -
Other discrete tax adjustments (286) 1462 (183) (910) (894) (286) (894)
Total tax related items ($544) $1321 ($339) $12049 (888) (544) ($888)
Preferred stockholder dividends 2084 2084 2084 2084 2084 2084 2084
Total Other $2209 $3779 $2151 $14389 $1176 $2209 $1176
- First Quarter 2018Earnings PresentationApril 27 2018
- Important Disclosures
- Agenda
- Slide Number 4
- Overview of FIRST Quarter
- Slide Number 6
- Assets Under Management
- Asset Flows
- Investment Management Fees AS ADJUSTED
- Employment expenses as adjusted
- Other operating expenses as adjusted
- Non-GAAP Results
- Capital Position
- Slide Number 14
- Non-gaap information
- Non-gaap information
- Non-GAAP INFORMATION
- non-gaap INFORMATION
- US GAAP Information
- US GAAP Information
- Assets under management
- Assets under management
- Assets UNDER MANAGEMENT
- Assets under management
- ASSETS UNDER MANAGEMENT
- Assets UNDER MANAGEMENT
- AsseTS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- ASSETS UNDER MANAGEMENT
- Assets Under Management
- Assets Under Management
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- US GAAP to non-gaapReconciliation
- Footnotes
- Footnotes
- Slide Number 40
-
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in millions except per share data) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and structured product Investments impact | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other income of consolidated investment product net | Other income of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | T66 Manual | ||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| Other (in thousands) | 12312015 | 93015 | 123114 | 123115 | 123114 | |||||||||||
| Loss contingency | $ - 0 | $ - 0 | $ - 0 | $ 16500 | $ - 0 | |||||||||||
| Tax impact of loss contingency | - | - | - | (5507) | - | |||||||||||
| Transition related revenues | - | - | - | 1166 | - | |||||||||||
| Tax impact of transition related revenues | - | - | - | (442) | - | |||||||||||
| System transition expenses | 497 | (170) | 359 | 1248 | 1050 | |||||||||||
| Tax impact of system transition expenses | (192) | 65 | (135) | (476) | (400) | |||||||||||
| Newfleet transition expenses | - | - | - | - | 859 | |||||||||||
| Tax impact of Newfleet transition expenses | - | - | - | - | (329) | |||||||||||
| Restructuring and severance | - | - | - | - | 294 | |||||||||||
| Tax impact of restructuring and severance | - | - | - | - | (113) | |||||||||||
| Discrete tax adjustments | 245 | - | - | 245 | (15213) | |||||||||||
| Total Other | $ 550 | $ (105) | $ 224 | $ 12734 | $ (13852) | |||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Sep 2015 YTD | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Nine months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8876 | 8876 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 9039 | 9039 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2015 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve Months Ended December 31 2015 | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | Must be sum of quarters | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ||||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 8797 | 8797 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 8960 | 8960 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | |||||||||||||||||||||||||||||||||
| Dec 2016 YTD | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Expenses | - | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | - | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Other Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| - | ||||||||||||||||||||||||||||||||||
| Interest Income (Expense) | - | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | - | ||||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | - | |||||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7648 | 7648 | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7822 | 7822 | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | |||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||||
| Dec 2016 YTD | |||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||
| Twelve months ended December 31 2016 | |||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORREF | ERRORNAME | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | ERRORREF | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income tax expense check-sum | ERRORNAME | ERRORREF | ERRORREF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q2 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q3 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | 8931 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products | ||||||||||||||||||||||||||||||
| Q4 2015 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended December 31 2015 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized (loss) gain on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized (loss) gain on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q1 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended March 31 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized (loss) gain on investments net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income net | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Other Income Net | Total other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q2 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended June 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other (expense) income net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation |
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | |||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||||
| Q3 2016 | |||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | |||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Other | Non-GAAP Basis | |||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||
| Allocation of earnings to preferred stockholders | |||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 7676 | 7676 | ||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 7854 | 7854 | ||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | |||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| ck | ERRORNAME | ck | ERRORNAME | ||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | ELIMCSIP | ERRORNAME | |||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||
| Q4 2016 | ||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||
| Three months ended December 31 2016 | ||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | ERRORNAME | ||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||
| Q1 2017 | ||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||
| Three months ended March 31 2017 | ||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | 6542 | 7217 | |||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | 6773 | 7447 | |||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 386 | ERRORNAME | |||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||
| bpmBook | Original | |||||||||||||||||||||||||||||||
| bpmProduct | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | |||||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | ||||||||||||||||||||||||||||
| Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||
| (in thousands except per share data) | ||||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | |||||||||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||||||
| Investment Management Fees as adjusted | Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Distribution and Other Asset-Based Expenses As Adjusted | Distribution and other asset-based expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Revenues as Adjusted | Total revenues as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||||||
| Employment Expenses as adjusted | Employment expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Operating Expenses as adjusted | Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Operating Expenses as adjusted | Total operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | |||||||||||||||||||||||
| Operating Income as adjusted | Operating Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other income net as adjusted | Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Other Income (Expense) as Adjusted | Total other income (expense) net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | ||||||||||||||||||||||||||||||||
| Interest Expense | Interest expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Interest Income (Expense) as adjusted | Total interest income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Pre-Tax Income as adjusted | Pre-Tax Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Income Tax Expense as adjusted | Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 24627 | PY enter values | Large adj in M - must total sum of quarters | ||||||||||||||||||||
| Net Income as adjusted | Net Income As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40129 | ||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as adjusted | Net Income Attributable to Common Stockholders As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 40328 | ||||||||||||||||||||||
| Earnings Per Share - Basic As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 452 | |||||||||||||||||||||||
| Earnings Per Share - Diluted As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 443 | |||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | 8931 | ERRORNAME | - 0 | - 0 | 0 | |||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME | ||||||||||||||||||||||||||||||||
| ERRORNAME |
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||
| bpmBook | Original | ||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||||||||
| bpmScenario | ERRORNAME | Actuals | Actuals | Actuals | Actuals | ||||||||||||||||||||||||
| Q1 2017 | Q1 2016 | Q4 2016 | Dec 2016 YTD | Dec 2015 YTD | |||||||||||||||||||||||||
| US GAAP Consolidated Statements of Operations | |||||||||||||||||||||||||||||
| (in thousands except per share data) | |||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||||
| 123116 | 123115 | Change | 93016 | Change | 123116 | 123115 | Change | ||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Investment Management Fees | Investment management fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Revenue | Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||
| Employment Expenses | Employment expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expense | Other operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Restructuring amp severance | Restructuring and severance | ERRORNAME | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Intangible Asset Amortization | Amortization expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Expense | Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Operating Income | Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized loss on investments of consolidated investment product net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income (Expense) | Other income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Other Income Net | Total other (expense) net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest Expense | Interest expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest and Dividend Income | Interest and dividend income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest income of consolidated investment product | Interest income of investments of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Interest Income net | Total interest income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Income Tax Expense | Income tax expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income | Net Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||
| Manual Input | Cash Dividends Declared Per Share | $ 045 | $ 045 | - | $ 045 | - | $ 135 | $ 135 | 0 | Manual | |||||||||||||||||||
| Weighted Average Basic Shares Outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | YTD manual | |||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | 0 | C56 manual due to loss in Q3 2015 | |||||||||||||||||||||
| Virtus Investment Partners Inc | ||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | ||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | ||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | |||||||||||||||||||||||||||||||||||||
| bpmScenario | ||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | |||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | |||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | ||||||||||||||||||||||||||||||||||||
| Q3 2016 | ||||||||||||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||||||||||||
| Three months ended September 30 2016 | ||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | ||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | |||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | |||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | |||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | ||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | |||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | |||||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | ||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | |||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest Income (Expense) | ||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | |||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Total interest (expense) income net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | ||||||||||||||||||||||||||||
| Pre-Tax Income | Income Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | ||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Earnings Per Share - Basic | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Earnings Per Share - Diluted | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (in thousands) | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 380 | ERRORNAME | |||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | ||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | ||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | Acqu | |||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Q4 2017 | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 2017 | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment products | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (2084) | - | - | - | - | - | 2084 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted (Thousands) | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 391 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| Virtus Investment Partners Inc | |||||||||||||||||||||||||||||||||||||||
| Reconciliation of US GAAP Consolidated Statement of Operations to Non-GAAP Consolidated Income Statement Information | |||||||||||||||||||||||||||||||||||||||
| (Unaudited in thousands) | |||||||||||||||||||||||||||||||||||||||
| tm1bpmFinance | tm1bpmShareBalance | ||||||||||||||||||||||||||||||||||||||
| bpmScenario | |||||||||||||||||||||||||||||||||||||||
| bpmCostCode | ERRORNAME | ERRORNAME | ERRORNAME | Total cost codes - non-GAAP | ELIMCSIP | Total Cost Codes - Non-GAAP | ERRORNAME | ||||||||||||||||||||||||||||||||
| bpmLOB | Total Line of Business | ||||||||||||||||||||||||||||||||||||||
| bpmBook | Original | 2017 | Acqu | ||||||||||||||||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | Total Products - Non-GAAP | |||||||||||||||||||||||||||||||||||||
| Dec 2017 YTD | |||||||||||||||||||||||||||||||||||||||
| Actuals | |||||||||||||||||||||||||||||||||||||||
| Three months ended December 31 YTD | |||||||||||||||||||||||||||||||||||||||
| Acquisition related expenses | |||||||||||||||||||||||||||||||||||||||
| Incentive Compensation - Closed-end - Sales Based | Transition Related Employment | ||||||||||||||||||||||||||||||||||||||
| Structuring Fees - Closed-end Funds | Systems Transition Costs | ||||||||||||||||||||||||||||||||||||||
| Closed-End Fund Org Costs | 58455 | ||||||||||||||||||||||||||||||||||||||
| Transition Related Revenues | |||||||||||||||||||||||||||||||||||||||
| Reclassifications | Adjustments | ||||||||||||||||||||||||||||||||||||||
| US GAAP Basis | Distribution and other asset-based expenses | Consolidated investment vehicles | Closed-end fund launch costs | Amortization of intangible assets | Restructuring and severance | Seed capital and CLO investments | Acquisition and integration expenses | Other | Non-GAAP Basis | ||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||||
| Investment management fees | Investment management fees | ERRORNAME | $ - | ERRORNAME | $ - | $ - | $ - | $ - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution amp Services Fees | Distribution and services fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and transfer agent fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income amp Fees | Other income and fees | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | - | ERRORNAME | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total revenues | ERRORNAME | ERRORNAME | ERRORNAME | - | - | - | - | - | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||||||||||||||
| Employment expenses | Employment expenses | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Distribution and other asset-based expenses | Distribution and other asset-based expenses | ERRORNAME | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other operating expense | Other operating expense | ERRORNAME | - | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||
| Other operating expenses of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | Other operating expenses of consolidated sponsored investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 58925 | Other operating expenses of consolidated investment products | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Restructuring amp Severance | Restructuring and severance | ERRORNAME | - | - | - | ERRORNAME | - | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Depreciation of fixed assets | Depreciation expense | ERRORNAME | - | - | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Intangible asset amortization | Amortization expense | ERRORNAME | - | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total operating expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Operating Income (Loss) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | Realized amp Unrealized Gains (Losses) | Realized and unrealized gain (loss) on investments net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | H46P46 | |||||||||||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | Fix report w new hiearchy | ||||||||||||||||||||||||||||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | Realized and unrealized gain (loss) on investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments of consolidated sponsored investment product net | Realized and unrealized gain (loss) on investments of consolidated investment product net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 49998 - Earnings on Equity Method Investments - CLO | Other Income (Expense) | Other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Other Income Net | Total other income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||||||||||||
| Interest expense | Interest expense | ERRORNAME | - | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Dividend Income - Corporate Holdings | Interest and dividend income | Interest and dividend income | ERRORNAME | - | ERRORNAME | - | - | ERRORNAME | - | - | ERRORNAME | ||||||||||||||||||||||||||||
| Interest and dividend income of investments of consolidated investment vehicles net | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | Interest and dividend income of investments of consolidated sponsored investment products net | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 44820 - CLO interest income - CIP | Interest income of consolidated investment product | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| 64506 - CLO interest expense - CIP | Interest expense of consolidated investment vehicles | ERRORNAME | - | ERRORNAME | - | - | - | - | - | ERRORNAME | |||||||||||||||||||||||||||||
| Total interest income (expense) net | ERRORNAME | - | ERRORNAME | - | - | - | ERRORNAME | ERRORNAME | - | ERRORNAME | |||||||||||||||||||||||||||||
| Pre-Tax Income | Income (Loss) Before Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||||||||||||||||
| Income Tax Expense - Val Allow Discrete Items | Income Tax Expense | Income tax expense (benefit) | ERRORNAME | - | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||
| Income Tax Expense - All other discrete items | Net Income | Net Income (Loss) | ERRORNAME | - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Preferred stockholder dividends | (8336) | - | - | - | - | - | 8336 | - | |||||||||||||||||||||||||||||||
| Non-Controlling Interest | Noncontrolling interests | ERRORNAME | - | ERRORNAME | - | - | - | - | ERRORNAME | ||||||||||||||||||||||||||||||
| Net Income Attributable to Common Stockholders as Adjusted | Net Income Attributable to Common Stockholders | Net Income (Loss) Attributable to Common Stockholders | ERRORNAME | $ - | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Earnings (Loss) Per Share - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| Weighted Average Basic Shares Outstanding as Adjusted | Weighted Average Basic shares outstanding | Weighted Average Shares Outstanding - Basic | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Weighted Average Diluted Shares Outstanding As Adjusted | Weighted Average Diluted Shares Outstanding | Weighted Average Shares Outstanding - Diluted | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Effective Tax Rate | Effective Tax Rate | 383 | ERRORNAME | ||||||||||||||||||||||||||||||||||||
| ck | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||||||||||||||||||
| ck | ERRORNAME | ck | ck | ERRORNAME | |||||||||||||||||||||||||||||||||||
| Incck | Incck | ERRORNAME | |||||||||||||||||||||||||||||||||||||
| See pages XX thourgh XX for notes to the reconciliation | |||||||||||||||||||||||||||||||||||||||
| 65 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
| 66 | ERRORNAME | ||||||||||||||||||||||||||||||||||||||
Hogan Scott Hogan ScottNOTE need to use this schedule Thee are manual adjustments in realized gain (loss) |
| Open-end Funds | Closed-end Funds | ETFs | Retail Separate Accounts | Institutional | Structured Products | Total | ||||||||||
| Equity | ||||||||||||||||
| Domestic Equity - Small Cap Equity | $41363 | - 0 | $240 | $65534 | $36816 | - 0 | $143953 | |||||||||
| of total | 100 | - 0 | 25 | 531 | 178 | - 0 | 170 | |||||||||
| Domestic Equity - Large Cap Equity | 34684 | 43007 | 654 | 12600 | 32563 | - 0 | 123508 | |||||||||
| of total | 84 | 641 | 67 | 101 | 158 | - 0 | 145 | |||||||||
| Domestic Equity - Mid Cap Equity | 35258 | - 0 | - 0 | 2710 | 7143 | - 0 | 45111 | |||||||||
| of total | 85 | - 0 | - 0 | 22 | 35 | - 0 | 53 | |||||||||
| International Equity - Emerging Markets | 79227 | - 0 | - 0 | - 0 | - 0 | - 0 | 79227 | |||||||||
| of total | 191 | - 0 | - 0 | - 0 | - 0 | - 0 | 93 | |||||||||
| International Equity - Developed Markets | 22391 | - 0 | - 0 | 2535 | - 0 | - 0 | 24926 | |||||||||
| of total | 54 | - 0 | - 0 | 21 | - 0 | - 0 | 29 | |||||||||
| Total Equity | $212923 | $43007 | $894 | $83379 | $76522 | - 0 | $416725 | |||||||||
| of total | 514 | 641 | 92 | 675 | 371 | - 0 | 490 | |||||||||
| Fixed Income | ||||||||||||||||
| Leveraged Finance | $79152 | - 0 | $1232 | $22221 | $34023 | $28998 | $165626 | |||||||||
| of total | 191 | - 0 | 127 | 180 | 165 | 1000 | 195 | |||||||||
| Investment Grade | 25820 | 14894 | 230 | 16253 | 79146 | - 0 | 136343 | |||||||||
| of total | 62 | 222 | 24 | 132 | 383 | - 0 | 160 | |||||||||
| Multi-Sector | 80525 | 4100 | 1847 | - 0 | 2581 | - 0 | 89053 | |||||||||
| of total | 194 | 61 | 191 | - 0 | 13 | - 0 | 105 | |||||||||
| Total Fixed Income | $185497 | $18994 | $3309 | $38474 | $115750 | $28998 | $391022 | |||||||||
| of total | 447 | 283 | 342 | 312 | 561 | 1000 | 460 | |||||||||
| Alternatives | ||||||||||||||||
| Real Estate Investment Trusts | 13019 | -0 | 171 | 391 | 9994 | -0 | 23575 | |||||||||
| of total | 307 | 00 | 04 | 09 | 235 | 00 | 555 | |||||||||
| Master Limited Partnerships | 56 | 2606 | 4600 | -0 | -0 | -0 | 7262 | |||||||||
| of total | 01 | 61 | 108 | 00 | 00 | 00 | 171 | |||||||||
| Other | 3033 | 2465 | 714 | 1267 | 4125 | -0 | 11604 | |||||||||
| of total | 71 | 58 | 17 | 30 | 97 | 00 | 273 | |||||||||
| Total Alternatives | $16108 | $5071 | $5485 | $1658 | $14119 | - 0 | $42441 | |||||||||
| of total | 39 | 76 | 566 | 13 | 68 | - 0 | 50 | |||||||||
| Total Long-Term | $414528 | $67072 | $9688 | $123511 | $206391 | $28998 | $850188 | |||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| Acquisition and Integration Expenses | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $- | $- | $- | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | $0 | $0 | $0 | ||||||||||||||
| Employment expenses | $ - | $ - | 2059 | $2275 | $2009 | $1903 | $ - | $1903 | 2059 | 4334 | 6343 | |||||||||||||
| Restructuring and severance | - | - | 8639 | 1447 | 102 | - | - | - | 8639 | 10086 | 10188 | |||||||||||||
| Other operating expenses | - | 1629 | 5629 | 1196 | 1269 | 1189 | 1629 | 1189 | 7258 | 8454 | 9723 | |||||||||||||
| Total Acquisition and Integration Operating Expenses | $ - | $1629 | $16327 | $4918 | $3380 | $3092 | 1629 | $3092 | 17956 | 22874 | 26254 | |||||||||||||
| Interest expense | - | - | 2286 | - | - | 40 | - | 40 | 2286 | 2286 | 2286 | |||||||||||||
| Total Acquisition and Integration Expenses | $ - | $1629 | $18613 | $4918 | $3380 | $3132 | 1629 | $3132 | 20242 | 25160 | 28540 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||
| Other | ||||||||||||||||||||||||
| Loss contingency | $- | $- | $0 | $0 | $0 | $0 | $- | $0 | $0 | $0 | $0 | |||||||||||||
| Tax impact of loss contingency | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| Tax impact of transition related revenues | - | - | - | - | - | - | - | - | $0 | $0 | $0 | |||||||||||||
| System transition expenses | $445 | $669 | $374 | $406 | $256 | ($20) | $669 | ($20) | 1043 | 1449 | 1705 | |||||||||||||
| Tax impact of system transition expenses | (258) | (141) | (156) | (100) | 6 | (258) | 6 | (399) | (555) | (655) | ||||||||||||||
| Tax impact of Tax Cuts and Jobs Act | - | - | - | 13059 | - | - | - 0 | - | - | 13059 | ||||||||||||||
| Other discrete tax adjustments | (286) | 1462 | (183) | (910) | (894) | (286) | (894) | 1176 | 993 | 83 | ||||||||||||||
| Total tax related items | (166) | ($544) | $1321 | ($339) | $12049 | (888) | (544) | ($888) | 777 | 438 | 12487 | |||||||||||||
| Preferred stockholder dividends | - | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 2084 | 4168 | 6252 | 8336 | |||||||||||||
| Total Other | $279 | $2209 | $3779 | $2151 | $14389 | $1176 | $2209 | $1176 | 5988 | 8139 | 22528 | |||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| International Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Non-taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||
| Taxable Bond Funds2 | |||||||||||||||||||||||||||
| Beginning balance | $90831 | $89188 | $91382 | $175183 | $177544 | $173630 | $89188 | $173630 | |||||||||||||||||||
| Inflows | 5714 | 7256 | 8342 | 12388 | 11601 | 14186 | 7256 | 14186 | 15598 | 27986 | 39587 | ||||||||||||||||
| Outflows | (6796) | (6149) | (9139) | (11685) | (16523) | (15177) | (6149) | (15177) | (15288) | (26973) | (43496) | ||||||||||||||||
| Net Flows | (1082) | 1107 | (797) | 703 | (4922) | (991) | 1107 | (991) | |||||||||||||||||||
| Market performance | (335) | 1445 | 737 | 2002 | 1354 | 493 | 1445 | 493 | 2182 | 4184 | 5538 | ||||||||||||||||
| Other3 | (226) | (358) | 83861 | (344) | (346) | (714) | (358) | (714) | 83503 | 83159 | 82813 | ||||||||||||||||
| Ending Balance | $89188 | $91382 | $175183 | $177544 | $173630 | $172418 | $91382 | $172418 | |||||||||||||||||||
| Non-Taxable Bond Funds | |||||||||||||||||||||||||||
| Beginning balance | $2258 | $1961 | $1969 | $10156 | $9985 | $9335 | $1961 | $9335 | |||||||||||||||||||
| Inflows | 89 | 104 | 258 | 320 | 322 | 529 | 104 | 529 | 362 | 682 | 1004 | ||||||||||||||||
| Outflows | (248) | (162) | (335) | (563) | (978) | (865) | (162) | (865) | (497) | (1060) | (2038) | ||||||||||||||||
| Net Flows | (159) | (58) | (77) | (243) | (656) | (336) | (58) | (336) | |||||||||||||||||||
| Market performance | (78) | 27 | 09 | 75 | 56 | (105) | 27 | (105) | 36 | 111 | 167 | ||||||||||||||||
| Other3 | (60) | 39 | 8255 | (03) | (50) | (27) | 39 | (27) | 8294 | 8291 | 8241 | ||||||||||||||||
| Ending Balance | $1961 | $1969 | $10156 | $9985 | $9335 | $8867 | $1969 | $8867 | |||||||||||||||||||
| Total Fixed Income Funds | |||||||||||||||||||||||||||
| Beginning balance | $2330 | $91149 | $93351 | $185339 | $187529 | $182965 | $91149 | $182965 | |||||||||||||||||||
| Inflows | 97 | 7360 | 8600 | 12708 | 11923 | 14715 | 7360 | 14715 | 15960 | 28668 | 40591 | ||||||||||||||||
| Outflows | (112) | (6311) | (9474) | (12248) | (17501) | (16042) | (6311) | (16042) | (15785) | (28033) | (45534) | ||||||||||||||||
| Net Flows | (15) | 1049 | (874) | 460 | (5578) | (1327) | 1049 | (1327) | |||||||||||||||||||
| Market performance | (06) | 1472 | 746 | 2077 | 1410 | 388 | 1472 | 388 | 2218 | 4295 | 5705 | ||||||||||||||||
| Other3 | (51) | (319) | 92116 | (347) | (396) | (741) | (319) | (741) | 91797 | 91450 | 91054 | ||||||||||||||||
| Ending Balance | $2258 | $93351 | $185339 | $187529 | $182965 | $181285 | $93351 | $181285 | |||||||||||||||||||
| check | |||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | |||||||||||||||||||
| Inflows | $16423 | $20327 | $22539 | $28425 | $26478 | $37836 | $20327 | $37836 | |||||||||||||||||||
| Outflows | ($23842) | ($21347) | ($22786) | ($28727) | ($32750) | ($36622) | ($21347) | ($36622) | |||||||||||||||||||
| Net Flows | ($7419) | ($1020) | ($247) | ($302) | ($6272) | $1214 | ($1020) | $1214 | |||||||||||||||||||
| Market performance | ($10212) | $14445 | $12123 | $10407 | $14095 | $698 | $14445 | $698 | |||||||||||||||||||
| Other2 | ($705) | ($585) | $155484 | ($656) | ($1024) | ($663) | ($585) | ($663) | |||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | |||||||||||||||||||
| ($18336) | $00 | $00 | $00 | $00 | $1249 | $00 | $00 | ||||||||||||||||||||
| $00 | $00 | $00 | $00 | $00 | $00 | $00 | $00 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Domestic Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $44591 | $43354 | $45745 | $111649 | $115133 | $120233 | $43354 | $120233 | ||||||||||||||||||
| Inflows | 2571 | 3754 | 4585 | 8151 | 7646 | 13869 | 3754 | 13869 | 8339 | 16490 | 24136 | |||||||||||||||
| Outflows | (4545) | (4032) | (4690) | (8631) | (8960) | (10113) | (4032) | (10113) | (8722) | (17353) | (26313) | |||||||||||||||
| Net Flows | (1974) | (278) | (105) | (480) | (1314) | 3756 | (278) | 3756 | ||||||||||||||||||
| Market performance | 624 | 2573 | 3285 | 4239 | 6662 | 1006 | 2573 | 1006 | 5858 | 10097 | 16759 | |||||||||||||||
| Other 2 | 113 | 96 | 62724 | (275) | (248) | 169 | 96 | 169 | 62820 | 62545 | 62297 | |||||||||||||||
| Ending Balance | $43354 | $45745 | $111649 | $115133 | $120233 | $125164 | $45745 | $125164 | ||||||||||||||||||
| International Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $96406 | $83003 | $91969 | $101510 | $105954 | $112960 | $83003 | $112960 | ||||||||||||||||||
| Inflows | 7026 | 7882 | 8130 | 6828 | 6257 | 8537 | 7882 | 8537 | 16012 | 22840 | 29097 | |||||||||||||||
| Outflows | (10098) | (8884) | (7220) | (6202) | (4716) | (8875) | (8884) | (8875) | (16104) | (22306) | (27022) | |||||||||||||||
| Net Flows | (3072) | (1002) | 910 | 626 | 1541 | (338) | (1002) | (338) | ||||||||||||||||||
| Market performance | (9932) | 10220 | 7828 | 3800 | 5624 | 111 | 10220 | 111 | 18048 | 21848 | 27472 | |||||||||||||||
| Other 2 | (399) | (252) | 803 | 18 | (159) | (60) | (252) | (60) | 551 | 569 | 410 | |||||||||||||||
| Ending Balance | $83003 | $91969 | $101510 | $105954 | $112960 | $112673 | $91969 | $112673 | ||||||||||||||||||
| Total Equity Funds | ||||||||||||||||||||||||||
| Beginning balance | $92227 | $126357 | $137714 | $213159 | $221087 | $233193 | $126357 | $233193 | ||||||||||||||||||
| Inflows | 10228 | 11636 | 12715 | 14979 | 13903 | 22406 | 11636 | 22406 | ||||||||||||||||||
| Outflows | (10693) | (12916) | (11910) | (14833) | (13676) | (18988) | (12916) | (18988) | ||||||||||||||||||
| Net Flows | (465) | (1280) | 805 | 146 | 227 | 3418 | (1280) | 3418 | ||||||||||||||||||
| Market performance | 4371 | 12793 | 11113 | 8039 | 12286 | 1117 | 12793 | 1117 | ||||||||||||||||||
| Other 2 | 273 | (156) | 63527 | (257) | (407) | 109 | (156) | 109 | ||||||||||||||||||
| Ending Balance | $96406 | $137714 | $213159 | $221087 | $233193 | $237837 | $137714 | $237837 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | ||||||||||||||||
| Alternative Funds2 | ||||||||||||||||||||||||||
| Beginning balance | $18578 | $16822 | $16103 | $16030 | $15361 | $14618 | $16822 | $14618 | ||||||||||||||||||
| Inflows | 1023 | 1331 | 1224 | 738 | 652 | 715 | 1331 | 715 | 2984 | 4143 | 5153 | |||||||||||||||
| Outflows | (2155) | (2120) | (1402) | (1646) | (1573) | (1592) | (2120) | (1592) | (4239) | (5586) | (7699) | |||||||||||||||
| Net Flows | (1132) | (789) | (178) | (908) | (921) | (877) | (789) | (877) | ||||||||||||||||||
| Market performance | (491) | 180 | 264 | 291 | 399 | (807) | 180 | (807) | 1447 | 1139 | 670 | |||||||||||||||
| Other 13 | (133) | (110) | (159) | (52) | (221) | (31) | (110) | (31) | (4935) | (4940) | (5074) | |||||||||||||||
| Ending Balance | $16822 | $16103 | $16030 | $15361 | $14618 | $12903 | $16103 | $12903 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Institutional Accounts | ||||||||||||||||||||||||||
| Beginning balance | $49200 | $54927 | $57113 | $206391 | $206305 | $208159 | $54927 | $208159 | ||||||||||||||||||
| Inflows | 6125 | 2777 | 3571 | 4399 | 6097 | 4230 | 2777 | 4230 | 6348 | 10747 | 16844 | |||||||||||||||
| Outflows | (2072) | (1919) | (6121) | (8937) | (10004) | (16497) | (1919) | (16497) | (8040) | (16977) | (26981) | |||||||||||||||
| Net Flows | 4053 | 858 | (2550) | (4538) | (3907) | (12267) | 858 | (12267) | ||||||||||||||||||
| Market performance | 564 | 1383 | 1681 | 4511 | 5819 | (1727) | 1383 | (1727) | 3064 | 7575 | 13394 | |||||||||||||||
| Other 1 | (51) | (55) | 150147 | (59) | (58) | (53) | (55) | (53) | 150092 | 150033 | 149975 | |||||||||||||||
| Ending Balance | $53766 | $57113 | $206391 | $206305 | $208159 | $194112 | $57113 | $194112 | ||||||||||||||||||
| Structured Products | ||||||||||||||||||||||||||
| Beginning balance | $6697 | $6131 | $6020 | $28998 | $33600 | $32988 | $6131 | $32988 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | 4743 | -0 | 3836 | -0 | 3836 | -0 | 4743 | 4743 | |||||||||||||||
| Outflows | (452) | (167) | (2240) | (556) | (495) | -0 | (167) | -0 | (2407) | (2963) | (3458) | |||||||||||||||
| Net Flows | (452) | (167) | (2240) | 4187 | (495) | 3836 | (167) | 3836 | ||||||||||||||||||
| Market performance | 39 | 103 | 135 | 371 | 48 | 379 | 103 | 379 | 238 | 609 | 657 | |||||||||||||||
| Other 1 | (46) | (47) | 25083 | 44 | (165) | (157) | (47) | (157) | 25036 | 25080 | 24915 | |||||||||||||||
| Ending Balance | $6238 | $6020 | $28998 | $33600 | $32988 | $37046 | $6020 | $37046 | ||||||||||||||||||
| Total Long-Term | $447059 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||||
| Liquidity | ||||||||||||||||||||||||||
| Beginning balance | - | $ - | $ - | $35706 | $34314 | $21287 | $ - | $21287 | ||||||||||||||||||
| Inflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Outflows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Net Flows | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Market performance | - | - | - | -0 | -0 | -0 | - | -0 | ||||||||||||||||||
| Other 1 | - | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | 35706 | 34314 | 21287 | |||||||||||||||
| Ending Balance | - | $ - | $35706 | $34314 | $21287 | $16416 | $ - | $16416 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Intermediary Sold Managed Accounts | ||||||||||||||||||||||||||
| Beginning balance | $44627 | $54035 | $60352 | $90452 | $95777 | $102607 | $54035 | $102607 | ||||||||||||||||||
| Inflows | 4180 | 4809 | 5003 | 5415 | 5515 | 5763 | 4809 | 5763 | 9812 | 15227 | 20742 | |||||||||||||||
| Outflows | (1026) | (1640) | (2140) | (4097) | (4558) | (5574) | (1640) | (5574) | (3780) | (7877) | (12435) | |||||||||||||||
| Net Flows | 3154 | 3169 | 2863 | 1318 | 957 | 189 | 3169 | 189 | ||||||||||||||||||
| Market performance | 1108 | 3148 | 2331 | 4007 | 5873 | 2556 | 3148 | 2556 | 5479 | 9486 | 15359 | |||||||||||||||
| Other 1 | -0 | -0 | 24906 | -0 | -0 | -0 | -0 | -0 | 24906 | 24906 | 24906 | |||||||||||||||
| Ending Balance | $48889 | $60352 | $90452 | $95777 | $102607 | $105352 | $60352 | $105352 | ||||||||||||||||||
| Private Client | ||||||||||||||||||||||||||
| Beginning balance | $29445 | $30700 | $32769 | $33059 | $34795 | $36761 | $30700 | $36761 | ||||||||||||||||||
| Inflows | 981 | 2083 | 1559 | 1629 | 1290 | 1250 | 2083 | 1250 | 3642 | 5271 | 6561 | |||||||||||||||
| Outflows | (794) | (1339) | (2417) | (704) | (567) | (2291) | (1339) | (2291) | (3756) | (4460) | (5027) | |||||||||||||||
| Net Flows | 187 | 744 | (858) | 925 | 723 | (1041) | 744 | (1041) | ||||||||||||||||||
| Market performance | 791 | 1390 | 1085 | 776 | 1351 | (949) | 1390 | (949) | 2475 | 3251 | 4602 | |||||||||||||||
| Other 1 | (64) | (65) | 63 | 35 | (108) | -0 | (65) | -0 | (02) | 33 | (75) | |||||||||||||||
| Ending Balance | $30359 | $32769 | $33059 | $34795 | $36761 | $34771 | $32769 | $34771 | ||||||||||||||||||
| Total Retail Separate Accounts | ||||||||||||||||||||||||||
| Beginning balance | $74072 | $84735 | $93121 | $123511 | $130572 | $139368 | $84735 | $139368 | ||||||||||||||||||
| Inflows | 5161 | 6892 | 6562 | 7044 | 6805 | 7013 | 6892 | 7013 | ||||||||||||||||||
| Outflows | (1820) | (2979) | (4557) | (4801) | (5125) | (7865) | (2979) | (7865) | ||||||||||||||||||
| Net Flows | 3341 | 3913 | 2005 | 2243 | 1680 | (852) | 3913 | (852) | ||||||||||||||||||
| Market performance | 1899 | 4538 | 3416 | 4783 | 7224 | 1607 | 4538 | 1607 | ||||||||||||||||||
| Other 1 | (64) | (65) | 24969 | 35 | (108) | -0 | (65) | -0 | ||||||||||||||||||
| Ending Balance | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | $93121 | $140123 | ||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Closed-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $69596 | $67574 | $68143 | $67072 | $67354 | $66662 | $67574 | $66662 | ||||||||||||||||||
| Inflows | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |||||||||||||||
| Outflows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | (1128) | (1128) | (1128) | |||||||||||||||
| Net Flows | -0 | (816) | (312) | -0 | -0 | -0 | (816) | -0 | ||||||||||||||||||
| Market performance | (633) | 2808 | 164 | 1244 | 228 | (4061) | 2808 | (4061) | 2972 | 4216 | 4444 | |||||||||||||||
| Other 1 | (90) | (1423) | (923) | (962) | (920) | (1274) | (1423) | (1274) | (2346) | (3308) | (4228) | |||||||||||||||
| Ending Balance | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | $68143 | $61327 | ||||||||||||||||||
| Exchange Traded Funds | ||||||||||||||||||||||||||
| Beginning balance | $3994 | $5968 | $8633 | $9688 | $9557 | $10392 | $5968 | $10392 | ||||||||||||||||||
| Inflows | 669 | 2657 | 1851 | 1041 | 1777 | 1395 | 2657 | 1395 | 4508 | 5549 | 7326 | |||||||||||||||
| Outflows | (196) | (230) | (513) | (289) | (494) | (632) | (230) | (632) | (743) | (1032) | (1526) | |||||||||||||||
| Net Flows | 473 | 2427 | 1338 | 752 | 1283 | 763 | 2427 | 763 | ||||||||||||||||||
| Market performance | 194 | 346 | (85) | 42 | (88) | (775) | 346 | (775) | 261 | 303 | 215 | |||||||||||||||
| Other 1 | (55) | (108) | (198) | (925) | (360) | (578) | (108) | (578) | (306) | (1231) | (1591) | |||||||||||||||
| Ending Balance | $4606 | $8633 | $9688 | $9557 | $10392 | $9802 | $8633 | $9802 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||||
| Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | Inflows | Outflows | Market Performance | Other | Ending Assets Under Management | ||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Retail Funds | ||||||||||||||||||||||||||
| Beginning balance | $238549 | $224521 | $237104 | $404210 | $413254 | $419499 | $224521 | $419499 | $224521 | |||||||||||||||||
| Inflows | 18693 | 20163 | 22173 | 28215 | 26190 | 37542 | 20163 | 37542 | 42336 | 70551 | 96741 | |||||||||||||||
| Outflows | (20935) | (20950) | (22360) | (28369) | (32366) | (36175) | (20950) | (36175) | (43310) | (71679) | (104045) | |||||||||||||||
| Net Flows | (2242) | (787) | (187) | (154) | (6176) | 1367 | (787) | 1367 | ||||||||||||||||||
| Market performance | 6990 | 13954 | 11679 | 9854 | 13694 | 645 | 13954 | 645 | 25633 | 35487 | 49181 | |||||||||||||||
| Other 1 | (270) | (584) | 155614 | (656) | (1273) | (584) | (584) | (584) | 155030 | 154374 | 153101 | |||||||||||||||
| Ending Balance | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | $237104 | $420927 | ||||||||||||||||||
| UCITS2 | ||||||||||||||||||||||||||
| Beginning balance | $471 | $489 | $576 | $666 | $794 | $1223 | $489 | $1223 | $489 | |||||||||||||||||
| Inflows | 49 | 96 | 232 | 135 | 219 | 193 | 96 | 193 | 328 | 463 | 682 | |||||||||||||||
| Outflows | (31) | (16) | (19) | (22) | (50) | (69) | (16) | (69) | (35) | (57) | (107) | |||||||||||||||
| Net Flows | 18 | 80 | 213 | 113 | 169 | 124 | 80 | 124 | ||||||||||||||||||
| Market performance | 01 | 08 | 08 | 16 | 11 | (03) | 08 | (03) | 16 | 32 | 43 | |||||||||||||||
| Other 1 | (01) | (01) | (131) | (01) | 249 | (72) | (01) | (72) | (132) | (133) | 116 | |||||||||||||||
| Ending Balance | $489 | $576 | $666 | $794 | $1223 | $1272 | $576 | $1272 | ||||||||||||||||||
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||
| Variable Insurance Funds | ||||||||||||||||||||||||||
| Beginning balance | $9637 | $9318 | $9488 | $9652 | $9929 | $10054 | $9318 | $10054 | $9318 | |||||||||||||||||
| Inflows | 70 | 68 | 134 | 75 | 69 | 101 | 68 | 101 | 202 | 277 | 346 | |||||||||||||||
| Outflows | (400) | (381) | (407) | (336) | (334) | (378) | (381) | (378) | (788) | (1124) | (1458) | |||||||||||||||
| Net Flows | (330) | (313) | (273) | (261) | (265) | (277) | (313) | (277) | ||||||||||||||||||
| Market performance | 11 | 483 | 436 | 537 | 390 | 56 | 483 | 56 | 919 | 1456 | 1846 | |||||||||||||||
| Other 1 | -0 | -0 | 01 | 01 | -0 | (07) | -0 | (07) | 01 | 02 | 02 | |||||||||||||||
| Ending Balance | $9318 | $9488 | $9652 | $9929 | $10054 | $9826 | $9488 | $9826 | ||||||||||||||||||
| Subtotal ndash Open-End Funds | ||||||||||||||||||||||||||
| Beginning balance | $252664 | $234328 | $247168 | $414528 | $423977 | $430776 | $234328 | $430776 | ||||||||||||||||||
| Inflows | 16423 | 20327 | 22539 | 28425 | 26478 | 37836 | 20327 | 37836 | ||||||||||||||||||
| Outflows | (23842) | (21347) | (22786) | (28727) | (32750) | (36622) | (21347) | (36622) | ||||||||||||||||||
| Net Flows | (7419) | (1020) | (247) | (302) | (6272) | 1214 | (1020) | 1214 | ||||||||||||||||||
| Market performance | (10212) | 14445 | 12123 | 10407 | 14095 | 698 | 14445 | 698 | ||||||||||||||||||
| Other 1 | (705) | (585) | 155484 | (656) | (1024) | (663) | (585) | (663) | ||||||||||||||||||
| Ending Balance | $234328 | $247168 | $414528 | $423977 | $430776 | $432025 | $247168 | $432025 | ||||||||||||||||||
| CUBE | tm1AUM | ||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||
| bpmProduct | Total Products - GAAP | ||||||||||||||||||||||
| Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q3 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | Q4 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||
| 2016 | 2016 | 2016 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2017 | ||||||||||||
| Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | Other | Outflows | Inflows | Net Flows | Market Performance | Ending Assets Under Management | ||||||||||||
| ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| 0 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Long-term | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $850188 | $871365 | $888345 | $453663 | $888345 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 354562 | (2523) | (2635) | (2725) | (2283) | (2725) | 352279 | 349756 | 347121 | |||||||||||||
| Ending Balance - Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | $480198 | $874435 | ||||||||||||||||
| ERRORREF | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | |||||||||||||||||
| Total | ||||||||||||||||||||||||
| Beginning balance - liquidity | $- | $- | $35706 | $34314 | $21287 | $- | $21287 | |||||||||||||||||
| Change in liquidity | - | 35706 | (1392) | (13027) | (4871) | - | (4871) | |||||||||||||||||
| Ending Balance - Liquidity | - | 35706 | 34314 | 21287 | 16416 | - | 16416 | |||||||||||||||||
| Ending Balance - Total | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | |||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||
| All Product Flows - Total | ||||||||||||||||||||||||
| Beginning balance | $451697 | $453663 | $480198 | $885894 | $905679 | $909632 | $453663 | $909632 | $453663 | |||||||||||||||
| Inflows | 30780 | 32653 | 34523 | 45652 | 41157 | 54310 | 32653 | 54310 | 67176 | 112828 | 153985 | |||||||||||||
| Outflows | (25934) | (27458) | (36529) | (43310) | (48868) | (61616) | (27458) | (61616) | (63987) | (107297) | (156165) | |||||||||||||
| Net Flows | 4846 | 5195 | (2006) | 2342 | (7711) | (7306) | 5195 | (7306) | ||||||||||||||||
| Market performance | 9428 | 23623 | 17434 | 21358 | 27326 | (3879) | 23623 | (3879) | 41057 | 62415 | 89741 | |||||||||||||
| Other1 | (576) | (2283) | 390268 | (3915) | (15662) | (7596) | (2283) | (7596) | 387985 | 384070 | 368408 | |||||||||||||
| Ending Balance | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | $480198 | $890851 | ||||||||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmScenario | Actuals | ||||
| Q4 2017 | |||||
| Investment management fees as adjusted | Total Products - Non-GAAP | ERRORNAME | |||
| Investment management fees as adjusted | Total Products - ex Liquidity | ERRORNAME | |||
| Investment management fees as adjusted | None | ERRORNAME | |||
| Investment management fees as adjusted | Closed-end Fund | ERRORNAME | |||
| Investment management fees as adjusted | Kayne Rep Revenue | ERRORNAME | |||
| Investment management fees as adjusted | ETF | ERRORNAME | |||
| Investment management fees as adjusted | Open-End Mutual Fund Reported | ERRORNAME | |||
| Investment management fees as adjusted | Open-end Mutual Fund | ERRORNAME | |||
| Investment management fees as adjusted | Variable Products | ERRORNAME | |||
| Investment management fees as adjusted | UCIT | ERRORNAME | |||
| Investment management fees as adjusted | Institutional Reported | ERRORNAME | |||
| Investment management fees as adjusted | Institutional | ERRORNAME | |||
| Investment management fees as adjusted | Structured Product | ERRORNAME | |||
| Investment management fees as adjusted | Separately Managed Accounts Reported | ERRORNAME | |||
| Investment management fees as adjusted | Managed Accounts | ERRORNAME | |||
| Investment management fees as adjusted | VIA Wrap -Trend (3100) | ERRORNAME | |||
| Investment management fees as adjusted | Rampart SMA (5675) | ERRORNAME | |||
| Investment management fees as adjusted | Euclid International (6200) | ERRORNAME | |||
| Investment management fees as adjusted | Intermediary Sponsored Separate Accts (5692) | ERRORNAME | |||
| Investment management fees as adjusted | Liquidity | ERRORNAME | |||
| Average Net Management Fees1 | |||||
| (in basis points annualized) | |||||
| Open-End Funds2 | ERRORNAME | ||||
| Variable Insurance Funds | ERRORNAME | ||||
| Total Open-End Funds | |||||
| Closed-End Funds | ERRORNAME | ||||
| Exchange Traded Funds | ERRORNAME | ||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||
| High Net Worth | |||||
| Total Retail Separate Accounts | |||||
| Institutional Accounts | ERRORNAME | ||||
| Structured Products4 | ERRORNAME | ||||
| Total Long-Term Assets | |||||
| Liquidity | ERRORNAME | ||||
| Total | |||||
| CUBE | tm1AUM | ||||||||||||||||||||||||||
| bpmScenario | Actuals | ||||||||||||||||||||||||||
| AUM Brand | Consolidated Corporate | ||||||||||||||||||||||||||
| Jan 2017 | Feb 2017 | Mar 2017 | Apr 2017 | May 2017 | Jun 2017 | Jul 2017 | Aug 2017 | Sep 2017 | Oct 2017 | Nov 2017 | Dec 2017 | ||||||||||||||||
| Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | Average AUM | ||||||||||||||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Closed-end Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| ETF | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Domestic Equity Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| International Equity Open-end Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Fixed Income Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Taxable Bond Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Non-Taxable Bond Open-End Mutual FUnd | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Alternative Open-End Mutual Fund | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Variable Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| UCIT | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Institutional | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Structured Product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||||||||||||
| Days in Month | 31 | 28 | 31 | 30 | 31 | 30 | 31 | 31 | 30 | 31 | 30 | 31 | |||||||||||||||
| 00849315068 | 00767123288 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | 00849315068 | 00821917808 | 00849315068 | 00821917808 | 00849315068 | ||||||||||||||||
| Average Assets by Product3 | QTD | YTD | |||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ||||||||||||||||||||||||||
| Variable Insurance Funds | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Open-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ||||||||||||||||||||||||||
| Exchange Traded Funds | ERRORNAME | ||||||||||||||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ||||||||||||||||||||||||||
| High Net Worth | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Retail Separate Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ||||||||||||||||||||||||||
| Structured Products | ERRORNAME | ||||||||||||||||||||||||||
| Total ndash Long-Term Assets | |||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ||||||||||||||||||||||||||
| Total | |||||||||||||||||||||||||||
| Average Assets by Product3 | |||||||||||||||||||||||||||
| Open-End Funds2 | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Variable Insurance Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Open-End Funds | - 0 | ||||||||||||||||||||||||||
| Closed-End Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Exchange Traded Funds | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Intermediary Sold Managed Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| High Net Worth | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Retail Separate Accounts | - 0 | ||||||||||||||||||||||||||
| Institutional Accounts | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Structured Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total ndash Long-Term Assets | - 0 | ||||||||||||||||||||||||||
| Liquidity | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | ||||||||||||||
| Total | - 0 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Net Management Fees1 | |||||||||||||||||||||
| (in basis points annualized) | |||||||||||||||||||||
| Retail Funds | 497 | 502 | 505 | 477 | 498 | 502 | 502 | 502 | |||||||||||||
| UCITS2 | 324 | 103 | 154 | 279 | - 0 | - 0 | 103 | - 0 | |||||||||||||
| Variable Insurance Funds | 618 | 612 | 601 | 590 | 658 | 653 | 612 | 653 | |||||||||||||
| Total Open-End Funds | 501 | 505 | 507 | 479 | 501 | 503 | 505 | 503 | |||||||||||||
| Closed-End Funds | 659 | 662 | 658 | 660 | 660 | 663 | 662 | 663 | |||||||||||||
| Exchange Traded Funds | 324 | 317 | 272 | 270 | 157 | 182 | 317 | 182 | |||||||||||||
| Intermediary Sold Managed Accounts | 413 | 409 | 381 | 362 | 358 | 370 | 409 | 370 | |||||||||||||
| Private Client | 711 | 768 | 740 | 749 | 746 | 772 | 768 | 772 | |||||||||||||
| Total Retail Separate Accounts | 532 | 539 | 497 | 466 | 461 | 476 | 539 | 476 | |||||||||||||
| Institutional Accounts | 370 | 372 | 327 | 310 | 312 | 318 | 372 | 318 | |||||||||||||
| Structured Products3 | 763 | 335 | 335 | 471 | 388 | 392 | 335 | 392 | |||||||||||||
| Total Long-Term Assets | 518 | 513 | 483 | 448 | 454 | 460 | 513 | 460 | |||||||||||||
| Liquidity4 | - 0 | - 0 | 114 | 60 | 85 | 118 | - 0 | 118 | |||||||||||||
| Total | 518 | 513 | 475 | 434 | 439 | 453 | 513 | 453 | |||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | Rancourt Etra Rancourt EtraFY 15 replaced with Latest exhibit | |||||||||||||
| Average Assets by Product1 | |||||||||||||||||||||
| Retail Funds | $241740 | $231507 | $296253 | $410279 | $417448 | $426078 | $231507 | $426078 | |||||||||||||
| UCITS2 | 4260 | 538 | 591 | 720 | 930 | 1281 | 538 | 1281 | |||||||||||||
| Variable Insurance Funds | 9759 | 9531 | 9672 | 9810 | 10023 | 10155 | 9531 | 10155 | |||||||||||||
| Total ndash Open-End Funds | $251499 | $241576 | $306516 | $420809 | $428401 | $437514 | $241576 | $437514 | |||||||||||||
| Closed-End Funds | $68534 | $67861 | $68096 | $67581 | $67260 | $63461 | $67861 | $63461 | |||||||||||||
| Exchange Traded Funds | 4260 | $7592 | $9008 | $9450 | $9583 | $10457 | $7592 | $10457 | |||||||||||||
| Intermediary Sold Managed Accounts | 44690 | $53936 | $68667 | $90396 | $95724 | $102472 | $53936 | $102472 | |||||||||||||
| Private Client | 29446 | 30700 | 32770 | 33059 | 34795 | 36761 | 30700 | 36761 | |||||||||||||
| Total ndash Retail Separate Accounts | $74136 | $84636 | $101437 | $123455 | $130519 | $139233 | $84636 | $139233 | |||||||||||||
| Institutional Accounts | $50442 | $56032 | $107951 | $207286 | $209331 | $201658 | $56032 | $201658 | |||||||||||||
| Structured Products | 6434 | 6033 | 13929 | 31111 | 33040 | 36191 | 6033 | 36191 | |||||||||||||
| Total ndash Long-Term Assets | $455305 | $463730 | $606937 | $859692 | $878134 | $888514 | $463730 | $888514 | |||||||||||||
| Liquidity3 | -0 | $00 | $13286 | $33311 | $36351 | $17876 | $00 | $17876 | |||||||||||||
| Total | $455305 | $463730 | $620223 | $893003 | $914485 | $906390 | $463730 | $906390 | |||||||||||||
| CUBE | tm1AUM | ||||
| bpmScenario | Actuals | ||||
| AUM Brand | Consolidated Corporate | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Ending Assets Under Management | Ending Assets Under Management | ||||
| Total Products - GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - Non-GAAP | ERRORNAME | ERRORNAME | |||
| Total Products - ex Liquidity | ERRORNAME | ERRORNAME | |||
| Closed-end Fund | ERRORNAME | ERRORNAME | |||
| NAClosed-end Fund | ERRORNAME | ERRORNAME | |||
| VIPX601 - Virtus Total Return Fund Inc | ERRORNAME | ERRORNAME | |||
| VIPHG30 - Virtus Global Multi-Sector Income Fund | ERRORNAME | ERRORNAME | |||
| VIPHG90 - Duff amp Phelps Select Energy MLP Fund | ERRORNAME | ERRORNAME | |||
| ETF | ERRORNAME | ERRORNAME | |||
| Open-End Mutual Fund Reported | ERRORNAME | ERRORNAME | |||
| Open-end Mutual Fund | ERRORNAME | ERRORNAME | |||
| Variable Products | ERRORNAME | ERRORNAME | |||
| UCIT | ERRORNAME | ERRORNAME | |||
| Institutional Reported | ERRORNAME | ERRORNAME | |||
| Institutional | ERRORNAME | ERRORNAME | |||
| Structured Product | ERRORNAME | ERRORNAME | |||
| Separately Managed Accounts Reported | ERRORNAME | ERRORNAME | |||
| High Net Worth | ERRORNAME | ERRORNAME | |||
| Managed Accounts | ERRORNAME | ERRORNAME | |||
| Liquidity | ERRORNAME | ERRORNAME | |||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets by Product | ||||||||||||||||
| Retail Funds | $243027 | $237104 | $404210 | $413254 | $419499 | $420927 | ||||||||||
| UCITS1 | 4606 | 576 | 666 | 794 | 1223 | 1272 | ||||||||||
| Variable Insurance Funds | 9637 | 9488 | 9652 | 9929 | 10054 | 9826 | ||||||||||
| Total ndash Open-End Funds | $252664 | $247168 | $414528 | $423977 | $430776 | $432025 | ||||||||||
| Closed-End Funds | $68873 | $68143 | $67072 | $67354 | $66662 | $61327 | ||||||||||
| Exchange Traded Funds | 4606 | $8633 | $9688 | $9557 | $10392 | $9802 | ||||||||||
| Intermediary Sold Managed Accounts | 48889 | $60352 | $90452 | $95777 | $102607 | $105352 | ||||||||||
| Private Client | 30359 | 32769 | 33059 | 34795 | 36761 | 34771 | ||||||||||
| Total ndash Retail Separate Accounts | $79248 | $93121 | $123511 | $130572 | $139368 | $140123 | ||||||||||
| Institutional Accounts | $53766 | 57113 | 206391 | 206305 | 208159 | 194112 | ||||||||||
| Structured Products | 6238 | 6020 | 28998 | 33600 | 32988 | 37046 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Liquidity2 | -0 | $00 | $35706 | $34314 | $21287 | $16416 | ||||||||||
| Total | $465395 | $480198 | $885894 | $905679 | $909632 | $890851 | ||||||||||
| Assets by Asset Class | ||||||||||||||||
| Equity | $266695 | $279905 | $416726 | $431479 | $457798 | $458928 | ||||||||||
| of total | 573 | 583 | 490 | 495 | 515 | 525 | ||||||||||
| Fixed Income2 | 157568 | 159087 | 391021 | 397417 | 387400 | 379992 | ||||||||||
| of total | 339 | 331 | 460 | 456 | 436 | 434 | ||||||||||
| Alternatives3 | 41132 | 41206 | 42441 | 42469 | 43147 | 35515 | ||||||||||
| of total | 88 | 86 | 50 | 49 | 49 | 41 | ||||||||||
| Total ndash Long-Term | $465395 | $480198 | $850188 | $871365 | $888345 | $874435 | ||||||||||
| Should be 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | ||||||||||
| Should be $00 | $00 | ($00) | $35706 | $38267 | $2506 | ($394237) | ||||||||||
| CUBE | tm1bpmFinance | ||||
| bpmCostCode | Total Cost Codes - Non-GAAP | ||||
| bpmLOB | Total Line of Business | ||||
| bpmBook | Original | ||||
| bpmProduct | Total Products - GAAP | ||||
| bpmScenario | Actuals | ||||
| Sep 2017 YTD | Dec 2017 YTD | ||||
| Balance Sheet | ERRORNAME | ERRORNAME | |||
| Asset | ERRORNAME | ERRORNAME | |||
| Cash and Equivalents | ERRORNAME | ERRORNAME | |||
| Cash of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | |||
| Investments | ERRORNAME | ERRORNAME | |||
| Investments - Corporate Holdings | ERRORNAME | ERRORNAME | |||
| Investments - Long Term | ERRORNAME | ERRORNAME | |||
| Investments - Seed Capital | ERRORNAME | ERRORNAME | |||
| Investments - CLO | ERRORNAME | ERRORNAME | |||
| Cash pledged or on deposit of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Accounts receivable net | ERRORNAME | ERRORNAME | |||
| Other assets | ERRORNAME | ERRORNAME | |||
| Furniture equipment and leasehold improvements net | ERRORNAME | ERRORNAME | |||
| Intangible assets net | ERRORNAME | ERRORNAME | |||
| Goodwill | ERRORNAME | ERRORNAME | |||
| Investment in subsidiary | ERRORNAME | ERRORNAME | |||
| Investments of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Cash and cash equivalents of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Investments of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Other assets of consolidated sponsored investment products and consolidated investment product | ERRORNAME | ERRORNAME | |||
| Deferred Tax Asset | ERRORNAME | ERRORNAME | |||
| Total Liabilities and equity | ERRORNAME | ERRORNAME | |||
| Liability | ERRORNAME | ERRORNAME | |||
| Accounts payable and accrued liabilities | ERRORNAME | ERRORNAME | |||
| Accrued compensation amp benefits | ERRORNAME | ERRORNAME | |||
| Other liabilities | ERRORNAME | ERRORNAME | |||
| Debt | ERRORNAME | ERRORNAME | |||
| Unearned Revenue | ERRORNAME | ERRORNAME | |||
| Dividend Payable | ERRORNAME | ERRORNAME | |||
| Deferred Tax Liability Net | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Liabilities of consolidated sponsored investment products | ERRORNAME | ERRORNAME | |||
| Debt of consolidated investment product | ERRORNAME | ERRORNAME | |||
| Contingent Consideration | ERRORNAME | ERRORNAME | |||
| Equity | ERRORNAME | ERRORNAME | |||
| Redeemable non-controlling interest | ERRORNAME | ERRORNAME | |||
| Contributed capital of consolidated investment product | ERRORNAME | ERRORNAME |
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | ||||||||
| Liabilities and Equity | |||||||||||||
| Liabilities | |||||||||||||
| Accrued compensation and benefits | $37813 | $16519 | $51978 | $69833 | $86658 | $27471 | |||||||
| Accounts payable and accrued liabilities | 21429 | 30365 | 29167 | 31677 | 29607 | 28214 | |||||||
| Dividends payable | 4117 | 5991 | 6173 | 6318 | 6528 | 6479 | |||||||
| Other liabilities | 13619 | 13702 | 18280 | 18356 | 39895 | 48476 | |||||||
| Contingent consideration | - | - | 51690 | 51690 | - | - | |||||||
| Debt | - | - | 248111 | 248540 | 248320 | 245402 | |||||||
| Total liabilities | $76978 | $66577 | $405399 | $426414 | $411008 | $356042 | |||||||
| Equity | |||||||||||||
| Equity attributable to stockholders | $469799 | $552388 | $573602 | $584209 | $588541 | $608792 | |||||||
| Noncontrolling interests | 0 | - | - | - | - | - | |||||||
| Total liabilities and equity | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | |||||||
| Working capital2 | $150414 | $224848 | $49119 | $68017 | $76339 | $82868 | |||||||
| 93016 | 033117 | 063017 | 093017 | 123117 | 033118 | |||||||||||
| Assets | ||||||||||||||||
| Cash and cash equivalents | $165421 | $235930 | $127571 | $164867 | $132150 | $80765 | adjusted (5) to align with reported BS | |||||||||
| Investments ndash seed capital | 179105 | 174810 | 104076 | 108511 | 118443 | 115848 | ||||||||||
| Investments ndash other | 38385 | 30714 | 91739 | 92676 | 112105 | 136821 | ||||||||||
| Investments ndash long term | 13689 | 15472 | 18325 | 18309 | 18729 | 20014 | ||||||||||
| Accounts receivable net | 37409 | 38169 | 60557 | 62668 | 66982 | 64267 | adjusted (5) to align with reported BS | |||||||||
| Furniture equipment and leasehold improvements net | 7865 | 7263 | 12295 | 11557 | 10833 | 11396 | ||||||||||
| Intangible assets net | 39030 | 38194 | 312081 | 307017 | 301954 | 296918 | ||||||||||
| Goodwill | 6788 | 6788 | 171170 | 170153 | 170153 | 170153 | ||||||||||
| Deferred taxes net | 44623 | 45716 | 54655 | 49002 | 32428 | 31875 | ||||||||||
| Other assets | 14462 | 25909 | 26532 | 25863 | 35772 | 36777 | ||||||||||
| Total assets | $546777 | $618965 | $979001 | $1010623 | $999549 | $964834 | ||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Total Cost Codes | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Revenue | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment Management Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Restructuring amp Severance | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Intangible Asset Amortization | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Operating Expenses of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income Net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized Gains (Losses) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized amp Unrealized of Gain (Loss) of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest and Dividend Income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest amp Dividend Income of Investments of Consolidated Sponsored Investment Products | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest income of consolidated investment product | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44820 - CLO Interest income - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64506 - CLO Interest expense - CIP | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 64000 - Corporate Cost Allocations | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Effective Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income Tax Expense - Discrete Items | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Allocation of earnings to preferred stockholders | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net | $961 | $297 | $1287 | $1367 | $22 | $438 | $297 | $438 | 1584 | 2951 | 2973 | ||||||||||||||||||
| Realized and unrealized gain (loss) of consolidated investment products net | 3680 | 4444 | (1424) | 13465 | (2932) | 2259 | 4444 | 2259 | 3020 | 16485 | 13553 | ||||||||||||||||||
| Other income (expense) net | 250 | 646 | 47 | 436 | 506 | 1319 | 646 | 1319 | 693 | 1129 | 1635 | ||||||||||||||||||
| Total other income (expense) net | $4891 | $5387 | ($90) | $15268 | ($2404) | $4016 | $5387 | $4016 | 5297 | 20565 | 18161 | ||||||||||||||||||
| Interest Income (Expense) | |||||||||||||||||||||||||||||
| Interest expense | ($128) | ($243) | ($3739) | ($4116) | ($3909) | ($3858) | ($243) | ($3858) | (3982) | (8098) | (12007) | ||||||||||||||||||
| Interest and dividend income | 221 | 188 | 446 | 679 | 847 | 721 | 188 | 721 | 634 | 1313 | 2160 | ||||||||||||||||||
| Interest and dividend income of consolidated investment products | 5411 | 5656 | 5102 | 17778 | 20787 | 21403 | 5656 | 21403 | 10758 | 28536 | 49323 | 9446 DAlessandro Parul DAlessandro Parul Doesnrsquot agree to what was reported in 62016 | |||||||||||||||||
| Interest expense of consolidated investment products | (3788) | (2857) | (2995) | (16249) | (13142) | (14549) | (2857) | (14549) | (5852) | (22101) | (35243) | (6401) | |||||||||||||||||
| Total interest income (expense) net | $1716 | $2744 | ($1186) | ($1908) | $4583 | $3717 | $2744 | $3717 | 1558 | (350) | 4233 | ||||||||||||||||||
| Income (Loss) Before Income Taxes | $23145 | $18178 | $1908 | $30149 | $30194 | $30350 | $18178 | $30350 | 20086 | 50235 | 80429 | ||||||||||||||||||
| Income tax expense (benefit) | 6869 | 4433 | 1880 | 9626 | 24551 | 6523 | 4433 | 6523 | 6313 | 15939 | 40490 | ||||||||||||||||||
| Net Income (Loss) | $16276 | $13745 | $28 | $20523 | $5643 | $23827 | $13745 | $23827 | 13773 | 34296 | 39939 | ||||||||||||||||||
| Noncontrolling interests | (651) | (718) | (333) | (1731) | (145) | (527) | (718) | (527) | (1051) | (2782) | (2927) | ||||||||||||||||||
| Net Income (Loss) Attributable to Stockholders | $15625 | $13027 | ($305) | $18792 | $5498 | $23300 | $13027 | $23300 | 12722 | 31514 | 37012 | ||||||||||||||||||
| Preferred stockholder dividends | - | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (2084) | (4168) | (6252) | (8336) | ||||||||||||||||||
| Net Income (Loss) Attributable to Common Stockholders | $15625 | $10943 | ($2389) | $16708 | $3414 | $21216 | $10943 | $21216 | 8554 | 25262 | 28676 | ||||||||||||||||||
| Rows 14 and 15 | 41 | 1632 | 1474 | (3086) | (3086) | 1907 | 41 | (1612) | |||||||||||||||||||||
| -2390 |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | |||||||||||||||
| Revenues | |||||||||||||||||||||||||
| Investment management fees | $60398 | $59271 | $74062 | $97295 | $100447 | $100476 | $59271 | $100476 | 133333 | 230628 | 331075 | ||||||||||||||
| Distribution and service fees | 12116 | 10783 | 10439 | 11482 | 11618 | 12607 | 10783 | 12607 | 21222 | 32704 | 44322 | ||||||||||||||
| Administration and shareholder service fees | 9588 | 8981 | 9476 | 14699 | 15840 | 15738 | 8981 | 15738 | 18457 | 33156 | 48996 | ||||||||||||||
| Other income and fees | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||
| Total revenues | $82324 | $79776 | $94132 | $123675 | $128024 | $129028 | $79776 | $129028 | 173908 | 297583 | 425607 | ||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||
| Employment expenses | $33142 | $39641 | $42992 | $54159 | $54602 | $60696 | $39641 | $60696 | 82633 | 136792 | 191394 | ||||||||||||||
| Distribution and other asset-based expenses | 17380 | 15323 | 15764 | 20552 | 20348 | 22291 | 15323 | 22291 | 31087 | 51639 | 71987 | ||||||||||||||
| Other operating expenses | 11392 | 13226 | 20236 | 17733 | 18215 | 16862 | 13226 | 16862 | 33462 | 51195 | 69410 | ||||||||||||||
| Other operating expenses of consolidated investment products | 635 | 642 | 473 | 6757 | 659 | 511 | 642 | 511 | |||||||||||||||||
| Restructuring and severance | 1879 | - | 8894 | 1584 | 102 | - | - | - | 8894 | 10478 | 10580 | ||||||||||||||
| Depreciation expense | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||
| Amortization expense | 604 | 233 | 1813 | 5063 | 5064 | 5036 | 233 | 5036 | 2046 | 7109 | 12173 | ||||||||||||||
| Total operating expenses | $65786 | $69729 | $90948 | $106886 | $100009 | $106411 | $69729 | $106411 | 160677 | 267563 | 367572 | ||||||||||||||
| Operating Income (Loss) | $16538 | $10047 | $3184 | $16789 | $28015 | $22617 | $10047 | $22617 | 13231 | 30020 | 58035 | ||||||||||||||
| operating margin | 109 | 201 | 160 | 126 | 126 | 175 | |||||||||||||||||||
| CUBE | tm1bpmFinance | ||||||||
| bpmCostCode | Consolidated ex CSIPs | ||||||||
| bpmLOB | Total Line of Business | ||||||||
| bpmBook | Original | ||||||||
| bpmProduct | Total Products - Non-GAAP | ||||||||
| bpmScenario | Actuals | ||||||||
| Q3 2017 | Q4 2017 | Dec 2016 YTD | Dec 2017 YTD | ||||||
| Net Income Attributable to Common Stockholders as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Non-Controlling Interest | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Net Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Pre-Tax Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Corporate Cost Allocation | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Income as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Revenues as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Administration amp Transfer Agent Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income amp Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Marketing income | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution amp Services Fees | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Investment management fees as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Distribution and Other Asset-Based Expenses As Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Operating Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Employment Expenses as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Depreciation of fixed assets | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other operating expenses as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Interest Expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Dividend Income - Corporate Holdings | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income (Expense) as Adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other non-operating expense | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Realized and unrealized gain (loss) on investments net | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other income net as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 44801 - Other Inc - Distribution | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| 65315 - Foreign Income Taxes | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Other Income - Forex | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME | |||||
| Income tax expense as adjusted | ERRORNAME | ERRORNAME | ERRORNAME | ERRORNAME |
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q16 YTD | 3Q16 YTD | 4Q16 YTD | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||||
| Other Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Realized and unrealized gain (loss) on investments net as adjusted | $51 | $ - | $ - | $ - | $ - | ($198) | $ - | ($198) | 89 | 140 | 141 | - 0 | - 0 | - 0 | |||||||||||||||||||
| Other income net as adjusted | 250 | 646 | 46 | 436 | 506 | 1319 | 646 | 1319 | 213 | 463 | 1089 | 692 | 1128 | 1634 | |||||||||||||||||||
| Total other income (expense) as adjusted | $301 | $646 | $46 | $436 | $506 | $1121 | $646 | $1121 | 302 | 603 | 1230 | 692 | 1128 | 1634 | |||||||||||||||||||
| Interest Income (Expense) As Adjusted | |||||||||||||||||||||||||||||||||
| Interest expense as adjusted | ($128) | ($243) | ($1453) | ($4116) | ($3909) | ($3818) | ($243) | ($3818) | (261) | (389) | (679) | (1696) | (5812) | (9721) | |||||||||||||||||||
| Interest and dividend income as adjusted | 116 | 115 | 279 | 198 | 258 | 268 | 115 | 268 | 248 | 364 | 446 | 394 | 592 | 850 | |||||||||||||||||||
| Total interest income (expense) net as adjusted | ($12) | ($128) | ($1174) | ($3918) | ($3651) | ($3550) | ($128) | ($3550) | (13) | (25) | (233) | (1302) | (5220) | (8871) | |||||||||||||||||||
| Pre-Tax Income (Loss) As Adjusted | $20581 | $14024 | $21534 | $31709 | $35910 | $30383 | $14024 | $30383 | 32188 | 52769 | 71372 | Q1 2017 Adjustment | 35558 | 67267 | 103177 | ||||||||||||||||||
| Income tax expense (benefit) as adjusted | 7693 | 5407 | 8181 | 12173 | 14035 | 8557 | 5407 | 8557 | 12368 | 20061 | 27064 | Q1 2017 Adjustment | 13588 | 25761 | 39796 | ||||||||||||||||||
| Net Income (Loss) As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | 21970 | 41506 | 63381 | |||||||||||||||||||
| Noncontrolling interests as adjusted | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | ||||||||||||||||||||||
| Net Income Attributable to Common Stockholders As Adjusted | $12888 | $8617 | $13353 | $19536 | $21875 | $21826 | $8617 | $21826 | 19820 | 32708 | 44308 | ||||||||||||||||||||||
| TM1BpmFinance | ||||||||||||||||||||||||||||
| Actuals | ||||||||||||||||||||||||||||
| Total Cost Codes - Non-GAAP | ||||||||||||||||||||||||||||
| Total Line of Business | ||||||||||||||||||||||||||||
| Total Products - Non-GAAP | Q2 2017 | Q2 2017 | Jun 2016 YTD | Jun 2017 YTD | ||||||||||||||||||||||||
| Original | ||||||||||||||||||||||||||||
| Q316 | Q117 | Q217 | Q317 | Q417 | Q118 | YTD17 | YTD18 | 2Q17 YTD | 3Q17 YTD | 4Q17 YTD | ||||||||||||||||||
| Revenues As Adjusted | ||||||||||||||||||||||||||||
| Investment management fees as adjusted | Investment management fees as adjusted | $60551 | $59513 | $74272 | $98402 | $102114 | $102047 | $59513 | $102047 | 133785 | 232187 | 334301 | ||||||||||||||||
| Distribution amp Services Fees | Distribution and service fees as adjusted | 12122 | 10793 | 10446 | 11486 | 11623 | 12611 | 10793 | 12611 | 21239 | 32725 | 44348 | ||||||||||||||||
| Administration amp Transfer Agent Fees | Administration and shareholder service fees as adjusted | 9620 | 9015 | 9495 | 14709 | 15849 | 15739 | 9015 | 15739 | 18510 | 33219 | 49068 | ||||||||||||||||
| Other Income amp Fees | Other income and fees as adjusted | 222 | 741 | 155 | 199 | 119 | 207 | 741 | 207 | 896 | 1095 | 1214 | ||||||||||||||||
| Distribution and other asset-based expenses as adjusted | Distribution and other asset-based expenses as adjusted | (17380) | (15323) | (15764) | (20552) | (20348) | (22291) | (15323) | (22291) | (31087) | (51639) | (71987) | ||||||||||||||||
| Revenues as adjusted | Total revenues as adjusted | $65135 | $64739 | $78604 | $104244 | $109357 | $108313 | $64739 | $108313 | 143343 | 247587 | 356944 | ||||||||||||||||
| Operating Expenses As Adjusted | ||||||||||||||||||||||||||||
| Employment expenses as adjusted | Employment expenses as adjusted | $33142 | $39641 | $40933 | $51884 | $52593 | $58793 | $39641 | $58793 | 80574 | 132458 | 185051 | ||||||||||||||||
| Other operating expenses as adjusted | Other operating expenses as adjusted | 10947 | 10928 | 14233 | 16131 | 16690 | 15693 | 10928 | 15693 | 25161 | 41292 | 57982 | ||||||||||||||||
| Depreciation of fixed assets | Depreciation and other amortization as adjusted | 754 | 664 | 776 | 1038 | 1019 | 1015 | 664 | 1015 | 1440 | 2478 | 3497 | ||||||||||||||||
| Operating Expenses as Adjusted | Total operating expenses as adjusted | $44843 | $51233 | $55942 | $69053 | $70302 | $75501 | $51233 | $75501 | 107175 | 176228 | 246530 | ||||||||||||||||
| Operating Income As Adjusted | Operating Income (Loss) As Adjusted | $20292 | $13506 | $22662 | $35191 | $39055 | $32812 | $13506 | $32812 | 36168 | 71359 | 110414 | ||||||||||||||||
| operating margin | 266 | 312 | 284 | 209 | 357 | 303 | ||||||||||||||||||||||
