Victory Capital Reports September 2024 Total Client Assets

Rhea-AI Summary

Victory Capital Holdings (NASDAQ: VCTR) reported Total Assets Under Management (AUM) of $176.1 billion, Other Assets of $5.0 billion, and Total Client Assets of $181.1 billion as of September 30, 2024. The company experienced long-term AUM net flows of -$2.6 billion for the third quarter. Average Total AUM for September was $173.8 billion, with average Other Assets at $5.0 billion and average Total Client Assets at $178.7 billion.

The report breaks down AUM by asset class and vehicle type, with Solutions being the largest category at $62.5 billion. Mutual Funds represent the largest vehicle type at $117.0 billion. Victory Capital will report its third-quarter 2024 financial results on November 7, 2024, followed by a conference call on November 8 at 8:00 a.m. ET.

Positive

• Total Assets Under Management reached $176.1 billion
• Total Client Assets increased to $181.1 billion
• Solutions asset class grew to $62.5 billion
• Mutual Funds vehicle type reached $117.0 billion

Negative

• Long-term AUM net flows were negative at -$2.6 billion for the third quarter

Insights

Financial Analyst

Victory Capital's September 2024 report shows Total Client Assets of $181.1 billion, with Assets Under Management (AUM) at $176.1 billion and Other Assets at $5.0 billion. The company experienced long-term AUM net outflows of $2.6 billion for Q3, indicating some challenges in client retention or asset growth.

Comparing September to August 2024, there's a modest increase in Total Client Assets from $178.8 billion to $181.1 billion, suggesting slight positive momentum. The Solutions asset class saw the largest growth, increasing by about $1.2 billion. This could indicate strength in Victory Capital's multi-asset strategies.

The upcoming Q3 earnings call on November 8 will be important for investors to gain insights into the factors driving these asset flows and the company's strategies to address the net outflows. The slight growth in assets despite outflows may indicate market appreciation offsetting client withdrawals, but this will need clarification from management.

Schedules Third-Quarter Financial Results Conference Call for November 8

SAN ANTONIO--(BUSINESS WIRE)-- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today reported Total Assets Under Management (AUM) of $176.1 billion, Other Assets of $5.0 billion, and Total Client Assets of $181.1 billion, as of September 30, 2024.

For the month of September, average Total AUM was $173.8 billion, average Other Assets was $5.0 billion, and average Total Client Assets was $178.7 billion.

For the third quarter, the Company reported long-term AUM net flows of -$2.6 billion.

Victory Capital Holdings, Inc.
Total Client Assets (unaudited; in millions) 1
	As of:
By Asset Class	September 30, 2024			August 31, 2024
Solutions	$	62,544		$	61,315
Fixed Income		25,081			24,887
U.S. Mid Cap Equity		32,333			32,136
U.S. Small Cap Equity		15,591			15,688
U.S. Large Cap Equity		14,239			14,103
Global / Non-U.S. Equity		19,752			19,143
Alternative Investments		3,178			3,190
Total Long-Term Assets	$	172,720		$	170,462
Money Market / Short Term Assets		3,393			3,368
Total Assets Under Management2	$	176,113		$	173,830
By Vehicle
Mutual Funds3	$	117,044		$	115,877
Separate Accounts and Other Pooled Vehicles4		52,375			51,562
ETFs5		6,694			6,391
Total Assets Under Management	$	176,113		$	173,830
Other Assets6
Institutional	$	4,981		$	4,942
Total Other Assets	$	4,981		$	4,942
Total Client Assets
Total Assets Under Management	$	176,113		$	173,830
Total Other Assets		4,981			4,942
Total Client Assets	$	181,094		$	178,772

¹Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.

²Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.

³Includes institutional and retail share classes, money market and VIP funds.

⁴Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-U.S. domiciled pooled vehicles.

⁵Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.

⁶Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class within the by asset class table and in Separate Accounts and Other Pooled Vehicles within the by vehicle table. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.

Third-Quarter Conference Call and Webcast Details

Victory Capital will report third-quarter 2024 financial results after the market closes on Thursday, November 7, 2024. The Company will host a conference call the following morning, Friday, November 8, at 8:00 a.m. ET to discuss the results. Victory Capital’s earnings release and supplemental materials will be available on the investor relations section of the Company’s website at https://ir.vcm.com before the conference call begins.

To participate in the conference call, please call 1-888-330-3571 (domestic) or 1-646-960-0657 (international), shortly before 8:00 a.m. ET and reference the Victory Capital Conference Call. A live, listen-only webcast will also be available via the investor relations section of the Company’s website at https://ir.vcm.com. For anyone who is unable to join the live event, an archive of the webcast will be available for replay, at the same location, shortly after the call concludes.

About Victory Capital

Victory Capital is a diversified global asset management firm with total assets under management of $176.1 billion, and $181.1 billion in total client assets, as of September 30, 2024. The Company employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241009502157/en/

Investors:

Matthew Dennis, CFA

Chief of Staff

Director, Investor Relations

216-898-2412

mdennis@vcm.com

Media:

Jessica Davila

Director of Global Communications

210-694-9693

Jessica_davila@vcm.com

Source: Victory Capital Holdings, Inc.

FAQ

What was Victory Capital's (VCTR) Total Assets Under Management as of September 30, 2024?

Victory Capital's (VCTR) Total Assets Under Management was $176.1 billion as of September 30, 2024.

How much were Victory Capital's (VCTR) long-term AUM net flows for the third quarter of 2024?

Victory Capital (VCTR) reported long-term AUM net flows of -$2.6 billion for the third quarter of 2024.

When will Victory Capital (VCTR) report its third-quarter 2024 financial results?

Victory Capital (VCTR) will report its third-quarter 2024 financial results after the market closes on Thursday, November 7, 2024.

What was the largest asset class for Victory Capital (VCTR) as of September 30, 2024?

The largest asset class for Victory Capital (VCTR) as of September 30, 2024, was Solutions, with $62.5 billion in assets.