Ceredex Value Advisors LLC (Orlando)

Name: Ceredex Value Advisors LLC
Address: 301 East Pine Street, Orlando, FL, 32801
Telephone: 407-674-1270

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.