Operator

Good morning. My name is Didi, and I will be your conference operator today. I would like to welcome everyone to the Virtus Investment Partners Quarterly Conference Call. The slide presentation for this call is available in the Investor Relations section of the Virtus website at www.virtus.com. This call is being recorded and will be available for replay on the Virtus website. [Operator Instructions]

I will now turn the conference to your host, Sean Rourke.

Sean Rourke
Vice President of Investor Relations

Thanks, Didi, and good morning, everyone. Welcome to Virtus Investment Partners discussion of our first quarter 2026 financial and operating results. Joining me today are George Aylward, our President and CEO; and Mike Angerthal, our Chief Financial Officer. After their prepared remarks, we will open the call for questions.

Before we begin, I'll refer you to the disclosures on Slide 2. Today's comments may include forward-looking statements, which involve risks and uncertainties described in our news release and SEC filings. Actual results may differ materially. We will also reference certain non-GAAP financial measures. Reconciliations to the most strictly comparable GAAP measures are available in today's news release and financial supplement on our website.

Now I'd like to turn the call over to George. George?

George Aylward
President, CEO & Director

Thank you, Sean, and good morning, everyone. I'll start today with an overview of the results we reported this morning, and then Mike will provide more detail.

Although the first quarter