Westwood Holdings Group

What Westwood Holdings Group does

Westwood Holdings Group, Inc. (NYSE: WHG) is a Dallas-based, publicly traded boutique asset management and wealth management firm founded in 1983. The firm operates through two reportable lines: investment management, offering six core strategies — U.S. Value Equity, Multi-Asset, Energy & Real Assets, Tactical Absolute Return, Income Alternatives, and Managed Investment Solutions — delivered via separately managed accounts, mutual funds, ETFs, and private funds; and wealth management, providing financial planning, trust and estate services, customized investment solutions, and philanthropic advisory for high-net-worth clients. Westwood serves three primary client segments — institutional investors (public, private, and sovereign institutions globally), financial intermediaries and advisors, and private wealth clients — through direct institutional sales, the Westwood Funds mutual fund platform, an Advisor-SMA platform, and ETF distribution via wirehouses and brokerage platforms. As of Q1 2026, the firm managed approximately $18.3 billion in assets, including an Enhanced Income Series ETF platform (MDST, WEEI, YLDW) exceeding $250 million AUM and the recently closed Westwood Energy Secondaries Fund II with over $300 million in commitments.

The firm's revenue model is predominantly asset-based management fees calculated as a percentage of AUM, supplemented by performance fees on products such as the energy secondaries fund. Reported FY 2025 revenue was $97.8 million (up from $94.7 million in 2024), with FY 2025 net income of $7.1 million — more than tripling from $2.2 million in 2024 — while Q1 2026 revenue was $25.0 million. The balance sheet is debt-free with $34.2 million in cash at quarter-end. Technology infrastructure is anchored by Ridgeline's unified AI-embedded platform, implemented in late 2025 to streamline operations, support complex asset classes, and enable scalable growth. Distribution relies on a sales-led motion (Q1 2026 institutional and intermediary gross sales of approximately $529 million against an opportunity pipeline exceeding $1 billion), with no parent company and dispersed public ownership under ticker WHG. Market capitalization is approximately $134–157 million, and the firm maintains a quarterly dividend of $0.15 per share.

Name

Westwood Holdings Group

Legal name

Westwood Holdings Group, Inc.

Website

https://westwoodgroup.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Westwood Holdings Group (NYSE: WHG) is a Dallas-based, publicly traded boutique investment management and wealth management firm managing approximately $18.3 billion across U.S. Value Equity, Multi-Asset, Energy & Real Assets, Tactical Absolute Return, Income Alternatives, and Managed Investment Solutions strategies for institutional, intermediary, and private wealth clients globally.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Trusts, Estates, and Agency Accounts (52592), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Real Estate Investment Trusts (6798)

akta.pro primary industry

Private Banking & UHNW Wealth Advisory (FSAEABAC)

akta.pro secondary industries

Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI), Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Balanced & Allocation (Multi-Asset) Funds (FSAAAEAD)

Keywords

• Asset management services
• Institutional investment management
• Wealth management services
• Mutual fund management
• ETF investment products

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Management fees calculated as a percentage of assets under management, providing recurring revenue tied to AUM levels of $18.3 billion as of Q1 2026.
2. Performance Fees: Performance fees from energy secondaries fund and other investment products when returns exceed benchmarks, adding variable revenue on top of base management fees.
3. ETF Management Fees: ETFs generate management fees based on total assets under management across the Enhanced Income Series platform exceeding $250 million AUM.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Westwood Holdings Group is a boutique asset management firm that offers a diverse array of actively and passively-managed, outcome-oriented investment strategies, along with white-glove trust and wealth services, to institutional, intermediary and private wealth clients. Core offerings include six investment strategies (U.S. Value Equity, Multi-Asset, Energy & Real Assets, Tactical Absolute Return, Income Alternatives, and Managed Investment Solutions), the Enhanced Income Series ETF platform (MDST, WEEI, YLDW), private funds such as Westwood Energy Secondaries Fund II, and wealth management services covering financial planning, estate and trust services, and philanthropic advisory.

Product overview

Westwood Holdings Group is a boutique asset management firm offering a diversified array of actively and passively-managed, outcome-oriented investment strategies, along with wealth management services. The investment management business includes six core strategies: U.S. Value Equity, Multi-Asset, Energy & Real Assets, Tactical Absolute Return, Income Alternatives, and Managed Investment Solutions. The firm also manages three ETFs under the Enhanced Income Series™ platform: MDST (midstream energy focus), WEEI (broader energy exposure), and YLDW (multi-asset covered-call strategy). Products are delivered through institutional separate accounts, mutual funds, ETFs, and wealth management services to institutional, intermediary, and private wealth clients.

Differentiator

Problem solved

Functional benefit

Products and services

• U.S. Value Equity Conviction-based active management strategy investing in high-quality companies with undervalued future earnings potential, managed by a Dallas-based team of 12 investment professionals. Available via separately managed accounts and pooled vehicles for institutional, intermediary, and private wealth clients.
• Multi-Asset

Quantifiable outcome

• Assets under management grew to $18.3 billion as of Q1 2026, up from $17.4 billion at year-end 2025
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• RidgelinecoreTechnology or Integration · 5 November 2025Westwood implemented Ridgeline's unified AI-embedded platform to streamline operations and support complex asset classes, enhancing growth capacity and expanding investment offerings. The platform enables rapid customization and real-time data management for scalable growth.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Virtus Investment Partners: Multi-affiliate asset manager (NASDAQ: VRTS) offering active equity, fixed income, and multi-asset strategies through institutional and retail channels. Similar multi-boutique structure and ETF/mutual fund product mix.
• Victory Capital Holdings: Multi-franchise investment manager (NASDAQ: VCTR) with active equity, fixed income, and ETF offerings distributed to institutional, intermediary, and retail investors. Similar multi-vehicle distribution and ETF growth trajectory.
• Cohen & Steers: Public specialty asset manager (NYSE: CNS) focused on real assets, real estate, and alternative income strategies. Comparable niche specialty franchise with U.S. Value Equity and Energy & Real Assets overlap.
• Artisan Partners Asset Management: Publicly traded boutique active asset manager (NYSE: APAM) with multiple equity and fixed income strategies distributed to institutional and intermediary clients. Highly comparable business model, distribution channels, and AUM scale.
• Pzena Investment Management: Public value-equity specialist (NYSE: PZN) managing global, international, and U.S. value strategies for institutional clients. Direct comparable on the U.S. Value Equity strategy franchise.
• Salient Partners: Houston-based asset manager acquired by Westwood in 2022 for $35M; now part of Westwood. Directly relevant as a combined-entity peer, particularly for the energy/income ETF franchise (MDST, WEEI).
• Silvercrest Asset Management: Public boutique wealth and asset manager (NASDAQ: SAMG) serving high-net-worth individuals and institutional clients. Closely comparable size, business mix, and HNW/wealth management focus.

Broad incumbents

• Affiliated Managers Group: Multi-affiliate global asset manager (NYSE: AMG) that owns stakes in boutique investment firms. Comparable boutique/affiliate structure and active management focus, though at materially larger scale.
• Federated Hermes: Large global investment manager (NYSE: FHI) with active equity, fixed income, and money market strategies plus ETF and mutual fund distribution. Operates as a broader incumbent with overlapping mutual fund and ETF channels.

Emerging players

• Tortoise Capital Advisors: Specialist manager focused on energy infrastructure and MLP strategies, with listed closed-end funds and interval funds. Closely comparable to Westwood's Energy & Real Assets strategy and midstream focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/westwoodgroup
• Facebookfacebook.com/WestwoodGroup
• LinkedInlinkedin.com/company/westwood-trust

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westwood Holdings Group