Westwood Holdings Group, Inc. reported a total revenue of $24.97 million for the first quarter of 2026, reflecting a 7% increase from $23.25 million in the same period of the previous year. The growth in revenue was primarily driven by a rise in asset-based advisory fees, which increased to $19.31 million from $17.73 million, alongside a slight decline in trust fees. The company recorded a net income of $0.78 million, a significant increase of 64% compared to $0.48 million in the prior year, resulting in earnings per share of $0.09, up from $0.06.
In terms of operational metrics, Westwood's assets under management (AUM) rose to approximately $17.32 billion as of March 31, 2026, compared to $16.98 billion a year earlier. This increase was attributed to market appreciation of $0.83 billion, which offset net outflows of $0.1 billion. The firm experienced inflows of $0.62 billion during the quarter, with institutional clients contributing significantly to this growth. The average AUM for the quarter was $16.9 billion, slightly higher than the $16.8 billion reported in the same quarter of 2025.
The company’s expenses also saw an increase, totaling $26.46 million for the quarter, up from $23.32 million in the previous year, primarily due to higher employee compensation and benefits costs, which rose by 18% to $17.17 million. Professional services expenses surged by 33% to $2.15 million, reflecting increased legal costs. Despite the rise in expenses, the company managed to achieve a net operating loss of $1.50 million, an increase from a loss of $0.07 million in the prior year.
Strategically, Westwood Holdings continues to focus on expanding its investment advisory services and enhancing its product offerings. The company has maintained a strong commitment to its investment strategies, which emphasize value investing aimed at delivering long-term, risk-adjusted returns. As of March 31, 2026, the firm had approximately 9.49 million shares outstanding, with no share repurchases made during the quarter. The company also declared a quarterly cash dividend of $0.15 per share, payable on July 1, 2026.
Looking ahead, Westwood Holdings Group anticipates continued growth in AUM and revenue, driven by its strategic initiatives and market conditions. The company remains focused on enhancing its operational efficiency and expanding its client base, while also navigating the challenges posed by competitive pressures and market volatility. The management expressed confidence in the firm’s ability to leverage its investment strategies to achieve sustainable growth in the future.
About WESTWOOD HOLDINGS GROUP INC
Westwood Holdings Group, Inc. manages investment assets and provides wealth management services through subsidiaries specializing in active investment strategies, mutual funds, ETFs, and trust services. Serving institutional, high-net-worth, and retail clients, it offers diversified strategies across equities, fixed income, alternatives, and customized solutions. The company emphasizes client relationships, responsible investing, innovation, and regulatory compliance within a competitive, global asset management industry.
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