Ceredex Value Advisors LLC (Orlando)


Ceredex Value Advisors LLC is a large advisory firm based in Orlando. It manages $8.01 billion of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Ceredex Value Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ceredex Value Advisors: assets under management

The assets under management (AUM) of Ceredex Value Advisors LLC is $8.01 billion. The firm's AUM has grown by 235% since the beginning of its operation, and $166.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.94 billion in discretionary accounts and $67.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $158.83 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $33.91 million.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ceredex Value Advisors LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ceredex Value Advisors serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Ceredex Value Advisors is investment companies with 4 clients and $5.37 billion of assets under management. Among the 7 most similar advisory firms, Ceredex Value Advisors has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $7.44 billion for 30 clients. 5% of the firm’s clients are foreign persons or businesses.

Ceredex Value Advisors doesn't advise any private funds.

Careers at Ceredex Value Advisors LLC

The company employs 13 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mills Allen Riddick has served as the Chief Investment Officer since 1 Jan 2008 and Ashi Sarvabhaum Parikh is the Chief Executive Officer of Ceredex Value Advisors LLC family office. Inc. Virtus Partners joined the executive team most recently as the Sole Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Ridgeworth Capital Management Llc Managing member 1 Dec 2007 75% - 100% 107346
Llc Virtus Fund Advisers Managing member 1 Dec 2007 75% - 100% 107346
Trusco Capital Management Inc Parent company 1 Dec 2007 75% - 100% 107346
Inc. Ridgeworth Capital Management Managing member 1 Dec 2007 75% - 100% 107346
Ashi Sarvabhaum Parikh Chief executive officer 1 Jan 2008 Other 2682750
Mills Allen Riddick Chief investment officer 1 Jan 2008 Other 1058703
John Howard Stebbins Chief financial officer 1 Jan 2008 Other 4774615
Josie Clemons Rosson Chief compliance officer 1 Jan 2008 Other 2594085
Ashi Parikh Chief executive officer 1 Jan 2008 Other 2682750
Ashi Sarvabhoum Parikh Chief executive officer 1 Jan 2008 Other 2682750
William Aitken Turner Chief administrative officer 1 Jan 2011 Other 2503712
Robert Michael Zakem General counsel 1 May 2014 Other 2252413
George Michael Way Chief operating officer 1 May 2014 Other 4609124
George Robert Aylward Chief executive officer 1 Jun 2017 Other 4932163
Mark Stephen Flynn Executive vice president, general counsel and secretary 1 Jun 2017 Other 5941225
Michael Aaron Angerthal Executuve vice president, chief financial officer 1 Jun 2017 Other 5632934
Inc. Virtus Partners Sole member 1 Jan 2018 75% - 100% 95-4191764

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Suntrust Banks Parent company 1 Nov 1984 75% - 100% 58-1575035
Inc. Virtus Investment Partners Sole shareholder 1 Nov 2008 75% - 100% 26-3962811
Inc. Virtus Investment Partners Sole shareholder 1 Dec 2008 75% - 100% 26-3962811
Space Intermediate Llc Member 1 Nov 2013 75% - 100% 46-5353034
Ridgeworth Holdings Llc Member 1 Nov 2013 75% - 100% 46-5339910
L.P. Lightyear Fund Iii Aiv 2 Member; majority interest holder of class a-1 units 1 Nov 2013 50% - 75% 46-2885233
Virtus Intermediate Holdings Llc Member 1 Nov 2013 75% - 100% 46-5339910
Space Acquisition Co. Llc Member 1 May 2014 75% - 100% 46-5328256
Inc. Virtus Partners Sole member 1 Jun 2017 75% - 100% 95-4191764

Based in Orlando

The principal office where Ceredex Value Advisors LLC performs its advisory services is located at 301 East Pine Street, Orlando, FL 32801, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 407-674-1270 or by fax 407-674-1271. The normal business hours are 8:30 to 5:00 on Monday - Friday. You can find more information about the New York firm at ceredexvalue.com.