DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Ceredex Value Advisors LLC

Other adviserWinter Park, FloridaCRD 146023SEC 801-68739websiteIAPD
Latest filing Mar 20, 2026
First filing on the tape Mar 27, 2012 · 32 filings
SEC status approved since Jan 15, 2008
RAUM
$3.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$3.4B
derived; firm RAUM over IAPD count
Employees
13
11 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$3.4B as of Mar 20, 2026
Mar 27, 2012$6.5B then
HNW client RAUM$20.0M as of Jun 12, 2025
Mar 27, 2018$16.0M then
State-registered IARs (5.B.3)0 as of Mar 20, 2026
Mar 26, 20130 then
Employees (5.A)13 as of Mar 20, 2026
Mar 26, 201312 then
Private funds: no history
RAUM -34% over the last fiscal year-21% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 20, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$3.4BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$143MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
50%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
13.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-34%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$1.6B46%
  • Pension and profit-sharing plans$661M19%
  • State and municipal entities$501M15%
  • Insurance companies$330M9.6%
  • Charitable organizations$226M6.6%
  • Pooled investment vehicles$145M4.2%
  • Corporations and businesses$3.7M0.1%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
24reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.5 institutional_share=0.5 related_bd=true related_bank=true bd_reps=1.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Matthew B CarneyWinter Park, Fl Mar 11, 202414 y5
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Aaron Michael Angerthal · Executuve Vice President, Chief Financial Officercontrol
    since 06/2017 · owns less than 5%
  • Robert George Aylward · Chief Executive Officercontrol
    since 06/2017 · owns less than 5%
  • Cynthia Andra Purkalitis · Executive Vice President And Chief Legal Officercontrol
    since 11/2023 · owns less than 5%
  • Allen Mills Riddick · Chief Investment Officercontrol
    since 01/2008 · owns less than 5%
  • William Richard Smirl · Executive Vice Presidentcontrol
    since 05/2021 · owns less than 5%
  • B Matthew Carney · Chief Compliance Officer
    since 07/2021 · owns less than 5%
Entity owners
  • Virtus Partners, Inc. · Sole Member
    direct · owns 75% or more
  • Virtus Investment Partners, Inc. · Sole Shareholder
    indirect · owns 75% or more of Virtus Partners, Inc. · public reporting company
Related persons
Schedule D 7.A
Advisers that list Ceredex Value Advisors LLC as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • RAUM down 25 %Change between filings · filing Mar 20, 2026
    RAUM (Item 5.F) moved from $5,163,385,981 to $3,431,437,288 (-34.0%) between the annual amendments of 2025-03-21 and 2026-03-20; the peer median change was +11.0% (231 comparable advisers, 4.0th percentile of changes)
    peers: other advisers, $1B to $5B (231) · 3.9% percentile
What changed
consecutive filings, newest first
  • Accounts · 28 to 24
    Jun 12, 2025 to Mar 20, 2026
  • Discretionary RAUM · $5.2B to $3.4B
    Jun 12, 2025 to Mar 20, 2026
  • HNW RAUM · 19991303.0 to unset
    Jun 12, 2025 to Mar 20, 2026
  • Pension RAUM · $626M to $661M
    Jun 12, 2025 to Mar 20, 2026
  • Pooled vehicle RAUM · $143M to $145M
    Jun 12, 2025 to Mar 20, 2026
  • RAUM · $5.2B to $3.4B
    Jun 12, 2025 to Mar 20, 2026
  • Financial planning clients · unset to
    Mar 21, 2025 to Jun 12, 2025
  • HQ city · ORLANDO to WINTER PARK
    Mar 21, 2025 to Jun 12, 2025
  • Accounts · 33 to 28
    Mar 28, 2024 to Mar 21, 2025
  • Pension plan clients · 5.0 to unset
    Mar 28, 2024 to Mar 21, 2025
  • Discretionary RAUM · $6.0B to $5.2B
    Mar 28, 2024 to Mar 21, 2025
  • HNW RAUM · $18.2M to $20.0M
    Mar 28, 2024 to Mar 21, 2025
  • Non-discretionary RAUM · $264M to $0
    Mar 28, 2024 to Mar 21, 2025
  • Pension RAUM · $708M to $626M
    Mar 28, 2024 to Mar 21, 2025
  • Pooled vehicle RAUM · $145M to $143M
    Mar 28, 2024 to Mar 21, 2025
  • RAUM · $6.2B to $5.2B
    Mar 28, 2024 to Mar 21, 2025
  • Wrap assets (manager) · $4.3M to $0
    Mar 28, 2024 to Mar 21, 2025
  • Accounts · 42 to 33
    Nov 29, 2023 to Mar 28, 2024
  • Advisory activities · 4 to 5
    Nov 29, 2023 to Mar 28, 2024
  • Charity clients · 6.0 to unset
    Nov 29, 2023 to Mar 28, 2024
  • Pension plan clients · 9 to 5
    Nov 29, 2023 to Mar 28, 2024
  • Discretionary RAUM · $6.7B to $6.0B
    Nov 29, 2023 to Mar 28, 2024
  • HNW RAUM · $15.8M to $18.2M
    Nov 29, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $299M to $264M
    Nov 29, 2023 to Mar 28, 2024
  • Pension RAUM · $697M to $708M
    Nov 29, 2023 to Mar 28, 2024
  • Pooled vehicle RAUM · $165M to $145M
    Nov 29, 2023 to Mar 28, 2024
  • RAUM · $7.0B to $6.2B
    Nov 29, 2023 to Mar 28, 2024
  • Wrap assets (manager) · $3.7M to $4.3M
    Nov 29, 2023 to Mar 28, 2024
  • Accounts · 44 to 42
    Mar 23, 2022 to Mar 24, 2023
  • Advisory employees · 12 to 11
    Mar 23, 2022 to Mar 24, 2023
  • Charity clients · 5 to 6
    Mar 23, 2022 to Mar 24, 2023
  • Pension plan clients · 10 to 9
    Mar 23, 2022 to Mar 24, 2023
  • Discretionary RAUM · $9.5B to $6.7B
    Mar 23, 2022 to Mar 24, 2023
  • HNW RAUM · unset to 15775997.0
    Mar 23, 2022 to Mar 24, 2023
  • Non-discretionary RAUM · $418M to $299M
    Mar 23, 2022 to Mar 24, 2023
  • Pension RAUM · $1.0B to $697M
    Mar 23, 2022 to Mar 24, 2023
  • Pooled vehicle RAUM · $211M to $165M
    Mar 23, 2022 to Mar 24, 2023
  • RAUM · $9.9B to $7.0B
    Mar 23, 2022 to Mar 24, 2023
  • Wrap assets (manager) · $4.8M to $3.7M
    Mar 23, 2022 to Mar 24, 2023
  • Accounts · 43 to 44
    Jul 1, 2021 to Mar 23, 2022
Signals
9 dated events
  • Ceredex Value Advisors Llc reported RAUM $3.4B, down 34% from $5.2B (2025-06-12 to 2026-03-20)
    Mar 20, 2026 · RAUM change · derived
  • Cynthia Andra Purkalitis (Executive Vice President And Chief Legal Officer) appeared on Schedule A of Ceredex Value Advisors Llc
    Nov 29, 2023 · Control person joined · fact
  • Jacqueline Wendy Hills (Executive Vice President, General Counsel And Secretary) no longer on Schedule A of Ceredex Value Advisors Llc (listed 2023-03-24, absent 2023-06-20)
    Jun 20, 2023 · Control person left · inference
  • Ceredex Value Advisors Llc reported RAUM $7.0B, down 29% from $9.9B (2022-03-23 to 2023-03-24)
    Mar 24, 2023 · RAUM change · derived
  • William Richard Smirl (Executive Vice President) appeared on Schedule A of Ceredex Value Advisors Llc
    Jul 1, 2021 · Control person joined · fact
  • George Francis Waltman (Executive Vice President) no longer on Schedule A of Ceredex Value Advisors Llc (listed 2020-06-18, absent 2021-03-30)
    Mar 30, 2021 · Control person left · inference
  • George Francis Waltman (Executive Vice President) appeared on Schedule A of Ceredex Value Advisors Llc
    Mar 20, 2020 · Control person joined · fact
  • Jacqueline Wendy Hills (Executive Vice President, General Counsel And Secretary) appeared on Schedule A of Ceredex Value Advisors Llc
    Oct 16, 2019 · Control person joined · fact
  • Stephen Mark Flynn (Executive Vice President, General Counsel And Secretary) no longer on Schedule A of Ceredex Value Advisors Llc (listed 2019-03-27, absent 2019-10-16)
    Oct 16, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/ceredex-value-advisorsreportedpublic record, Form ADV, Sep 18, 2026
Firm profile
linkedin.com/company/virtus-investment-partnersreportedpublic record, Form ADV, Sep 18, 2026
Website
ceredexvalue.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
407-674-1270reportedpublic record, Form ADV, Mar 20, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Other adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$3.4Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026