Victory Capital is pursuing a goal to reach $1 trillion in assets under management [1].
This target signals the firm's intent to aggressively scale its operations amid a shifting financial landscape. By combining massive growth with a commitment to keep fees low, the company aims to attract institutional and individual capital from competitors.
Chairman and CEO David Brown detailed the strategy during a Bank of America conference and a UBS Financial Services Conference 2026 presentation [2, 3]. Brown said the firm is targeting the $1 trillion AUM milestone to capture industry consolidation and sustain growth [2]. To remain competitive, Victory Capital intends to maintain its management fee rate at 46–47 basis points [1].
The growth push follows a period of significant financial momentum. For the first quarter of 2026, the firm reported revenue of $388 million, representing a 76.7% increase year-over-year [4]. Earnings per share for the same period reached $1.82 [4].
"Q1 2026 was an exceptional quarter, one that set new records across multiple dimensions of our business," Brown said [4].
As part of its recent financial updates, the company also raised its quarterly dividend to $0.50 per share [4]. This move comes after a successful 2025 that saw record highs in gross sales revenue, earnings per share, and total assets under management [3].
Brown said the current environment is ripe for expansion. "We see mass consolidation in the industry and we are positioned to capture that opportunity as we target $1 trillion AUM," Brown said [2].
“Victory Capital is pursuing a goal to reach $1 trillion in assets under management.”
Victory Capital is attempting to execute a 'scale-and-efficiency' play. By capping fees at 46–47 basis points while aggressively pursuing a $1 trillion AUM target, the firm is positioning itself as a low-cost alternative to larger asset managers. If successful, the company can leverage industry consolidation to grow its footprint without sacrificing the price competitiveness that attracts new clients.
