Mission Statement, Vision, & Core Values (2024) of Victory Capital Holdings, Inc. (VCTR)

An Overview of Victory Capital Holdings, Inc. (VCTR)

General Overview of Victory Capital Holdings, Inc. (VCTR)

Victory Capital Holdings, Inc. was established in 2013 and has since emerged as a prominent asset management firm focused on providing investment solutions across various asset classes. The company operates through multiple investment strategies, including equity, fixed income, and alternative investments. As of 2024, the company reported total assets under management (AUM) of $176.1 billion, a significant increase from $148.9 billion in 2023, driven by market appreciation and client inflows.

The firm offers a diverse range of products and services, including mutual funds, exchange-traded funds (ETFs), and institutional investment management. Victory Capital's investment approach emphasizes performance and risk management, aiming to deliver superior outcomes for its clients.

As of 2024, Victory Capital has generated $225.6 million in total revenue for the three months ended September 30, 2024, compared to $209.7 million for the same period in 2023.

Company's Financial Performance in the Latest Financial Reports

Victory Capital reported record-breaking financial performance in its latest quarterly reports. For the three months ending September 30, 2024, the company achieved:

• Total revenue: $225.6 million (up from $209.7 million in Q3 2023)
• Net income: $82.0 million (compared to $52.0 million in Q3 2023)
• Adjusted EBITDA: $121.3 million, representing 53.7% of revenue, compared to $107.2 million (51.1% of revenue) in Q3 2023

For the nine months ended September 30, 2024, the financial highlights included:

• Total revenue: $661.1 million (up from $615.2 million in 2023)
• Net income: $211.9 million (compared to $158.0 million in 2023)
• Adjusted EBITDA: $350.1 million, or 53.0% of revenue, compared to $310.4 million (50.5% of revenue) in 2023.

The company's AUM growth was propelled by gross flows of $19.4 billion and net outflows of $5.5 billion for the nine months ended September 30, 2024.

Introduction to Victory Capital as an Industry Leader

Victory Capital Holdings, Inc. is recognized as one of the leading companies in the asset management industry. The firm has established a solid reputation for its innovative investment strategies and commitment to client success. As of September 30, 2024, the company had 43 mutual funds and ETFs rated four or five stars by Morningstar, showcasing its strong performance relative to peers.

The company's ability to attract new clients and retain existing ones is reflected in its substantial AUM growth and robust financial results. Victory Capital's strategic focus on performance-driven investment management positions it well within the competitive landscape, making it a compelling option for investors seeking quality asset management services.

For more insights into why Victory Capital continues to thrive in the asset management sector, please explore the detailed sections below.

Mission Statement of Victory Capital Holdings, Inc. (VCTR)

Mission Statement of Victory Capital Holdings, Inc. (VCTR)

The mission statement of Victory Capital Holdings, Inc. is a pivotal element guiding the company's strategic direction and long-term goals. It reflects the company's commitment to delivering high-quality investment management solutions designed to help clients achieve their financial objectives. As of 2024, the mission statement emphasizes three core components: client-centric focus, commitment to innovation, and excellence in service delivery.

Client-Centric Focus

Victory Capital prioritizes its clients, aiming to understand their unique needs and provide tailored investment solutions. This client-centric approach is demonstrated through significant metrics:

• Total Assets Under Management (AUM) reached $176.1 billion as of September 30, 2024, up from $148.9 billion in the previous year.
• For the nine months ended September 30, 2024, gross client cash inflows were $19.4 billion.
• Victory Capital's mutual funds and ETFs have received high ratings, with 67% rated four or five stars overall by Morningstar.

Commitment to Innovation

Victory Capital is dedicated to continuous improvement and innovation in its investment strategies and product offerings. The company's innovative approach is evident in its growth metrics:

• Adjusted EBITDA for the three months ended September 30, 2024, was $121.3 million, representing 53.7% of revenue.
• For the nine months ended September 30, 2024, total revenue increased to $661.1 million, compared to $615.2 million in 2023.
• The company has consistently outperformed benchmarks, with 46% of its strategies by AUM achieving returns exceeding their respective benchmarks over a one-year period.

Excellence in Service Delivery

Victory Capital prides itself on providing exceptional service to its clients. This commitment to excellence is highlighted by:

• Net income for the three months ended September 30, 2024, was $82.0 million, a significant increase from $52.0 million in the same period in 2023.
• Average AUM for the nine months ended September 30, 2024, was $167.6 billion, reflecting robust client engagement.
• Victory Capital’s adjusted net income with tax benefit for the three months ended September 30, 2024, was $89.0 million.

Through its mission statement, Victory Capital Holdings, Inc. underscores its dedication to fostering strong client relationships, embracing innovation, and striving for excellence in all aspects of its business operations.

Vision Statement of Victory Capital Holdings, Inc. (VCTR)

Vision Statement of Victory Capital Holdings, Inc. (VCTR)

The vision statement of Victory Capital Holdings, Inc. (VCTR) is centered around several key components that guide its strategic objectives and operational goals as of 2024. These components reflect the company's commitment to delivering value to clients and stakeholders, fostering a culture of innovation, and achieving sustainable growth.

Victory Capital's vision emphasizes a strong commitment to client success. The company aims to provide tailored investment solutions that align with the unique goals and risk profiles of its clients. As of September 30, 2024, the company reported total assets under management (AUM) of approximately $176.1 billion, a significant increase from $148.9 billion in the prior year, demonstrating its ability to attract and retain client investments.

The vision statement highlights the importance of innovation and adaptability in a rapidly changing financial landscape. Victory Capital has focused on enhancing its product offerings and investment strategies. For the nine months ended September 30, 2024, the company generated $19.4 billion in gross flows, indicating strong market demand for its innovative investment solutions.

Victory Capital's vision includes a focus on sustainable growth through strategic acquisitions and organic growth. The company has successfully navigated market challenges, achieving a net income of $211.9 million for the nine months ended September 30, 2024, compared to $158.0 million for the same period in the previous year. This growth is supported by a disciplined approach to capital management and a commitment to operational efficiency.

Victory Capital aims to foster a culture of excellence, integrity, and collaboration among its workforce. The company places a high value on employee engagement and development, recognizing that a motivated team is essential for achieving its vision. As of September 30, 2024, the company reported an adjusted EBITDA margin of 53.0%, reflecting its operational efficiency and commitment to maintaining high standards.

The vision statement articulates a commitment to delivering superior investment performance. As of September 30, 2024, 46% of Victory Capital's strategies by AUM had investment returns exceeding their respective benchmarks over a one-year period, with even stronger performance over longer time horizons (e.g., 77% over ten years). This performance underscores the company's dedication to maximizing client returns.

Core Values of Victory Capital Holdings, Inc. (VCTR)

Integrity

Integrity is a fundamental value at Victory Capital Holdings, Inc. (VCTR), emphasizing the importance of honesty and ethical behavior in all business interactions. This commitment fosters trust with clients, investors, and employees.

Victory Capital demonstrates its dedication to integrity through its adherence to regulatory compliance and ethical standards. For instance, the company maintains robust compliance programs that ensure all investment practices align with industry regulations. As of September 30, 2024, VCTR's total revenue reached $225.6 million for the quarter, reflecting a transparent and accountable financial reporting process that upholds integrity with stakeholders.

Client-Centricity

At the heart of Victory Capital's operations is a strong client-centricity philosophy, which prioritizes the needs and interests of clients above all. This value drives the company to deliver tailored investment solutions that align with clients' financial goals.

Victory Capital has established various client engagement initiatives, such as personalized consultations and dedicated account management teams. As of September 30, 2024, the firm reported $176.1 billion in assets under management (AUM), showcasing its ability to attract and retain clients through exceptional service. Additionally, 67% of its fund and ETF AUM were rated four or five stars by Morningstar, further highlighting its commitment to client satisfaction and performance.

Innovation

Innovation is a core value that drives Victory Capital to continuously enhance its investment offerings and operational efficiency. The company embraces new technologies and strategies to stay ahead in the competitive asset management landscape.

Victory Capital has recently invested in advanced analytics and digital platforms to improve investment decision-making processes. This focus on technology has contributed to a significant increase in gross client cash inflows, which amounted to $6.1 billion for the three months ended September 30, 2024, compared to $5.1 billion during the same period in 2023. The firm’s commitment to innovation is also reflected in its diverse range of investment strategies, which cater to various market conditions and client preferences.

Collaboration

Collaboration is essential at Victory Capital, fostering teamwork across departments to drive collective success. This value enhances communication and synergy, enabling the firm to deliver comprehensive solutions to clients.

The company actively encourages cross-functional collaboration through regular team meetings and joint projects. As an example, Victory Capital's recent acquisition of Amundi US, which is expected to enhance its product offerings and market reach, exemplifies the collaborative efforts to grow and innovate. This strategic move is anticipated to further strengthen the firm’s position in the industry, showcasing the power of collaboration in achieving long-term objectives.

Excellence

Excellence is a guiding principle at Victory Capital that drives the firm to achieve high standards in all aspects of its operations. This commitment to excellence is evident in the quality of its investment management and client services.

Victory Capital's investment performance has consistently surpassed industry benchmarks, with 46% of its strategies achieving returns in excess of their respective benchmarks over a one-year period. Furthermore, the company reported a net income of $82.0 million for the three months ended September 30, 2024, reflecting its dedication to delivering exceptional results for its stakeholders.

Updated on 16 Nov 2024

Resources:

1. Victory Capital Holdings, Inc. (VCTR) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Victory Capital Holdings, Inc. (VCTR)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Victory Capital Holdings, Inc. (VCTR)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.