v3.26.1
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
We operate two segments: Advisory and Trust. These segments are managed separately based on the types of products and services offered and their related client bases. The Company’s segment information is prepared on the same basis that management uses to review the financial information for operational decision-making purposes.
The Company's Chief Operating Decision Maker ("CODM"), our Chief Executive Officer, evaluates the performance of our segments based primarily on revenues. The CODM does not evaluate the performance of our segments on segment expenses so those have not been disclosed.
Advisory
Our Advisory segment provides investment advisory services to (i) corporate pension and profit sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals, (ii) sub-advisory relationships where Westwood provides investment management services to the Westwood Funds®, funds offered by other financial institutions and funds offered by our Trust segment and (iii) pooled investment vehicles, including collective investment trusts.
Trust
Westwood Trust provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Trust is included in our Trust segment.
Other
The Other column below contains the entity in which we record typical holding company expenses, including employee compensation and benefits for holding company employees, directors’ fees and investor relations costs, along with intersegment eliminations.
All segment accounting policies are the same as those described in the summary of significant accounting policies. Intersegment balances that eliminate in consolidation have been applied to the appropriate segment.
(in thousands)AdvisoryTrustTotal ReportableOtherConsolidated
Three Months Ended June 30, 2026
Net fee revenues from external sources$19,372 $5,372 $24,744 $— $24,744 
Net intersegment revenues2,234 36 2,270 (2,270)— 
Other revenue576 23 599 — 599 
Total revenues$22,182 $5,431 $27,613 $(2,270)$25,343 
Interest income$177 $54 $231 $— $231 
Net income (loss)$4,499 $659 $5,158 $(3,631)$1,527 
Segment assets$338,116 $46,018 $384,134 $(228,759)$155,375 
Segment goodwill$23,100 $16,401 $39,501 $— $39,501 
Segment equity-method investments$4,195 $— $4,195 $— $4,195 
Expenditures for long-lived assets$1,236 $921 $2,157 $412 $2,569 
Three Months Ended June 30, 2025
Net fee revenues from external sources$17,955 $5,069 $23,024 $— $23,024 
Net intersegment revenues1,469 39 1,508 (1,508)— 
Other revenue96 — 96 — 96 
Total revenues$19,520 $5,108 $24,628 $(1,508)$23,120 
Interest income$122 $137 $259 $— $259 
Net income (loss)$4,023 $576 $4,599 $(3,568)$1,031 
Segment assets$315,096 $45,201 $360,297 $(214,018)$146,279 
Segment goodwill$23,100 $16,401 $39,501 $— $39,501 
Segment equity-method investments$4,197 $— $4,197 $— $4,197 
Expenditures for long-lived assets$— $— $— $— $—