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Overview of Westwood Holdings Group, Inc. (WHG)
Westwood Holdings Group, Inc. is a diversified asset management boutique that combines investment management and trust services to deliver highly tailored financial solutions. Trading under the symbol WHG on the New York Stock Exchange, the firm serves a wide range of clients including institutional investors, private wealth individuals, and financial intermediaries. With a rich legacy built over decades, Westwood has developed a robust operational framework that positions it as a comprehensive service provider in the asset management space.
Core Business Segments and Investment Solutions
Westwood operates primarily through two integrated segments: the Advisory segment and the Trust segment. The Advisory division is responsible for delivering a spectrum of investment strategies that include U.S. equities, multi-asset, global and emerging markets equities, convertible securities, and master limited partnerships (MLPs). These strategies are accessible via multiple channels such as separate accounts, mutual funds, UCITS funds, and other pooled vehicles, thereby enabling a customized approach to meet diverse investor profiles.
The Trust segment, on the other hand, provides comprehensive trust and custodial services. This division not only supports asset safeguarding through common trust funds tailored for institutions and high-net-worth individuals but also emphasizes a client-centric fiduciary model that underscores the importance of both security and long-term stewardship.
Innovative ETF Platform and Volatility-Managed Strategies
A key highlight of Westwood’s operational ingenuity is its foray into innovative ETF solutions. The firm has strategically partnered with WEBs Investments Inc., a leader in volatility-managed investment strategies, to expand its ETF platform. This collaboration integrates dynamic, rules-based investment approaches aimed at adjusting exposure in real time based on market volatility. Such innovative products are designed to potentially enhance risk-adjusted returns, ensuring that portfolios are resilient in various market conditions. With this initiative, Westwood not only diversifies its array of product offerings but also addresses changing investor demands for sophisticated, volatility-managed tools.
Business Model and Market Positioning
The structural foundation of Westwood is its dual-segment business model that harmonizes active investment management with upscale trust services. The Advisory segment is the primary revenue driver, generating sustainable income through fees associated with managing diversified investment portfolios spanning U.S. equities, multi-asset configurations, and niche market strategies. Meanwhile, the Trust segment complements this by offering custodial and fiduciary services that foster robust, long-term client relationships.
Westwood’s market position is bolstered by its broad-based employee ownership and its strategic geographic footprint. With its headquarters based in Dallas, TX, and additional offices in major financial centers such as Toronto, Boston, Houston, Chicago, and San Francisco, the firm effectively combines local market insight with expansive national operations. This geographical diversity supports its ability to serve both institutional and private wealth clientele across dynamic market environments.
Operational Excellence and Risk Management
Westwood is distinguished by its commitment to operational excellence and rigorous risk management practices. The firm employs advanced tactical asset allocation strategies that allow it to adjust swiftly to market changes and volatility. Its incorporation of dynamic volatility management—especially evident in its ETF strategies—demonstrates an adept use of contemporary financial instruments and risk mitigation techniques. This rigorous approach ensures that client portfolios maintain a balance between growth potential and risk control.
Client-Centric Approach and Strategic Expertise
Central to Westwood’s philosophy is a deep commitment to serving the nuanced needs of its clients. The firm’s bespoke investment solutions are designed to cater to a diverse investor base that spans corporate retirement plans, public pensions, endowments, foundations, and high-net-worth individuals. By providing a customizable array of investment vehicles including separate accounts, mutual funds, and UCITS funds, Westwood affirms its dedication to delivering personalized financial strategies.
Moreover, Westwood’s emphasis on employee ownership fosters a culture where client interests and long-term value creation are paramount. This alignment of internal incentives with client success underscores the firm's trustworthiness and commitment to excellence.
Key Investment Themes and Industry Terminology
- Asset Management Innovation: Westwood leverages cutting-edge techniques such as dynamic volatility management in its ETF offerings.
- Integration of Advisory and Trust Services: The dual-segment strategy enables a comprehensive approach to managing client assets securely.
- Multi-Asset Diversification: A broad spectrum of investment strategies allows for tailored portfolio construction that meets diverse risk preferences.
- Risk-Managed Investment Solutions: The firm’s tactical approach ensures resilience through adaptive asset allocation and comprehensive risk controls.
Overall, Westwood Holdings Group, Inc. presents itself as a multifaceted entity in the asset management industry. Its sophisticated blend of active, outcome-oriented investment management with dedicated trust services, combined with forward-thinking ETF innovations, offers an enduring model tailored to meet the complexities of an evolving financial landscape. The firm’s expertise, operational agility, and deep understanding of market dynamics reinforce its standing as a resilient and comprehensive solution provider.
Westwood Holdings Group, Inc. (NYSE:WHG) will announce its fourth quarter 2021 earnings on February 9, 2021, after the NYSE closes. A live audio webcast and conference call will follow at 4:30 PM ET. Investors can listen via phone at 877-303-6235 (U.S.) or 631-291-4837 (International). The call will be replayable until February 16. Westwood specializes in investment management for institutional and private wealth clients, focusing on U.S. Value Equity and Multi-Asset strategies.
Westwood Holdings Group (NYSE: WHG) reported a strong performance for Q3 2021, with revenues of $17.9 million compared to $17.5 million in Q2 and $15.5 million a year ago. Net income increased to $1.9 million, a significant turnaround from a $10.3 million loss last year. Average assets under management (AUM) were $13.8 billion, down from $14.4 billion due to net outflows and market depreciation. A quarterly dividend of $0.15 per share was declared, reflecting the company's commitment to shareholder value.
Westwood Holdings Group (NYSE:WHG) will announce its third quarter 2021 earnings on October 27, 2021, after the market closes. A live audio webcast and conference call will follow at 4:30 PM ET. Interested listeners can dial 877-303-6235 (U.S. & Canada) or 631-291-4837 (International) to join the call. A replay will be available until November 3. The conference call can also be accessed via webcast at westwoodgroup.com.
Westwood Holdings Group, Inc. (NYSE: WHG) reported strong second-quarter 2021 results, marking its best sales quarter since 2016. Revenues reached $17.5 million, down from $18.3 million in Q1, but up from $15.9 million year-over-year. The company declared a regular dividend of $0.10 and a special dividend of $2.50 per share. Net income was $1.0 million, a significant improvement from a $2.6 million loss in Q2 2020. Assets under management totaled $14.4 billion, with strong net inflows of $1 billion. Cash and short-term investments stand at $92.3 million, with no debt.
Westwood Holdings Group (NYSE:WHG) is set to release its second quarter earnings on July 27, 2021, after the NYSE closes. A live audio webcast and conference call will be hosted at 4:30 PM ET. Callers can join by dialing 877-303-6235 (U.S.) or 631-291-4837 (International). The call will be available for replay until November 6. Westwood specializes in investment management and wealth management, offering equity and multi-asset solutions for institutional and private clients. More details can be found on their website.
Westwood Holdings Group (NYSE: WHG) announced it received two unsolicited acquisition proposals from Americana Partners, LLC, with the latest offering $25.00 per share in cash. The Board of Directors unanimously deemed this offer significantly undervalued compared to the company's strategic standalone plan, citing a lack of evidence from Americana regarding its capability to finance the bid. CEO Brian O. Casey expressed confidence in Westwood's growth trajectory due to successful cost reduction and strategic investments.
Westwood Holdings Group (NYSE: WHG) has implemented a limited-duration Shareholder Rights Agreement to enhance shareholder value. The agreement became effective on May 2, 2021, and aims to prevent hostile takeovers by establishing rights for shareholders. Each shareholder will receive one right per share, which becomes exercisable if an acquiring person obtains 10% or more of the company's stock without Board approval. Rights can be exercised at a 50% discount on stock purchases. The agreement will maintain investor protection while allowing the Board to consider fair offers.
Westwood Holdings Group, Inc. (NYSE: WHG) has appointed Randy Bowman as a new director, effective immediately. He succeeds Raymond E. Wooldridge, who has chosen not to run for re-election at the 2022 annual meeting after serving since 2001. Randy Bowman brings extensive experience as an entrepreneur and community leader, notably founding a successful logistics company and launching initiatives to aid underprivileged youth. The appointment aims to enhance the diversity of perspectives on the board, reflecting Westwood's ongoing commitment to its values-based culture.
Westwood Holdings Group (WHG) reported strong performance for Q1 2021, with revenues of $18.3 million, up from $17.1 million in the previous quarter and $16.7 million year-over-year. Net income reached $4.1 million compared to $2.8 million last quarter and $1.1 million a year ago. Positive net flows exceeded $500 million, and AUM increased to $14.5 billion from $13.0 billion. The company declared a dividend of $0.10 per share and repurchased 92,491 shares for $1.4 million. Westwood remains committed to reducing expenses and expects further growth from new client mandates.
Westwood Holdings Group (NYSE:WHG) will announce its first quarter 2021 earnings after the market closes on April 28, 2021. A live audio webcast and conference call will follow at 4:30 PM ET. Interested participants can listen via telephone or online at westwoodgroup.com/investor-relations/events-webcasts.
The conference call can be accessed by calling 877-303-6235 (U.S.) or 631-291-4837 (International). Replay is available until May 5, 2021.
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