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SEGMENT REPORTING
 9 Months Ended
Sep. 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 September 30, 2026
Net fee revenues from external sources$19,202 $5,567 $24,769 $— $24,769 
Net intersegment revenues1,912 36 1,948 (1,948)— 
Other revenue1,802 — 1,802 — 1,802 
Total revenues$22,916 $5,603 $28,519 $(1,948)$26,571 
Interest income$97 $91 $188 $— $188 
Net income (loss)$3,468 $873 $4,341 $(1,221)$3,120 
Segment assets$347,664 $48,528 $396,192 $(233,421)$162,771 
Segment goodwill$23,100 $16,401 $39,501 $— $39,501 
Segment equity-method investments$4,318 $— $4,318 $— $4,318 
Expenditures for long-lived assets$21 $10 $31 $22 $53 
Three Months Ended September 30, 2025
Net fee revenues from external sources$18,887 $5,416 $24,303 $— $24,303 
Net intersegment revenues1,567 37 1,604 (1,604)— 
Other revenue(14)— (14)— (14)
Total revenues$20,440 $5,453 $25,893 $(1,604)$24,289 
Interest income$148 $128 $276 $— $276 
Net income (loss)$6,230 $893 $7,123 $(3,394)$3,729 
Segment assets$324,684 $46,177 $370,861 $(216,815)$154,046 
Segment goodwill$23,100 $16,401 $39,501 $— $39,501 
Segment equity-method investments$4,263 $— $4,263 $— $4,263 
Expenditures for long-lived assets$5 $16 $21 $61 $82