Victory Capital reported assets under management of $153.5B as of September 30, 2023, and average assets under management for September of $158.1B. The company also reported long-term net flows in the third quarter of -$1.7B. During September, the Company consolidated INCORE’s AUM of approximately $3.9B under Victory Income Investors. In addition, the company sold certain accounts totaling approximately $1.3B of AUM and the INCORE brand was decommissioned. The consolidation, elimination of the INCORE brand, and sale will not have a material impact on the company’s financial results.
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