Westwood Holdings Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 14, 2024 at 04:15 pm EST
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Westwood Holdings Group, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 89.78 million compared to USD 68.68 million a year ago. Net income was USD 10.57 million compared to net loss of USD 4.63 million a year ago.
Westwood Holdings Group, Inc. manages investment assets and provides services for clients through its subsidiaries, Westwood Management Corp., Westwood Advisors, L.L.C. and Salient Advisors, L.P. The Companyâs segments include Advisory and Trust. The Advisory segment provides investment advisory services to corporate pension and profit-sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals, sub-advisory. It also provides investment management services to the Westwood Funds. The Companyâs advisory business investment capabilities: United States Value Equity, Multi-Asset, Energy and Real Assets, Tactical Absolute Return, and Income Alternatives. The Trust segment provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high-net worth individuals. It provides investment advisory services to institutional investors; a family of mutual funds called the Westwood Funds.