| --- | --- | |------------------------------------|---------------------------| | | | | | | | | Investing Where It Counts | | Westwood Holdings Group, Inc. | | | | | | Investing Where It Counts Overview | | High-Conviction Investing | Outcome-Oriented Solutions westwoodgroup.com Westwood Holdings Group, Inc. | Overview 2 Investing Where It Counts Westwood | Forward With Resolve 2 Firm Overview We are a focused investment management boutique and wealth management firm offering high-conviction equity and out ...

Westwood Holdings Group, Inc. (NYSE:WHG) Q2 2022 Earnings Conference Call July 27, 2022 4:30 PM ET Company Participants Julie Gerron - General Counsel Brian Casey - Chief Executive Officer Terry Forbes - Chief Financial Officer Conference Call Participants Macrae Sykes - Gabelli Operator Hello. Thank you for standing by and welcome to Westwood Holdings Group, Inc. Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now li ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ...

| --- | --- | |----------|-------| | | | | Overview | | High-Conviction Investing | Outcome-Oriented Solutions westwoodgroup.com Westwood Holdings Group, Inc. | Overview 2 Investing Where It Counts Westwood | Forward With Resolve 2 Firm Overview We are a focused investment management boutique and wealth management firm offering high-conviction equity and outcome-oriented solutions. Our investment services can address a wide range of investment objectives and challenges for institutional investors, financial ...

Westwood Holdings Group, Inc. (NYSE:WHG) Q1 2022 Earnings Conference Call April 27, 2022 4:30 PM ET Company Participants Brian Casey – President & Chief Executive Officer Julie Gerron – General Counsel & Chief Compliance Officer Terry Forbes – Chief Financial Officer Conference Call Participants Macrae Sykes – GAMCO Investors Inc. Operator Good day and thank you for standing by. Welcome to the First Quarter 2022 Westwood Holdings Group, Inc. Earnings Conference Call. At this time, all participants are in a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 193 ...

Asset Management - As of December 31, 2021, Westwood Management and Westwood Trust collectively managed assets valued at approximately $14.5 billion[9]. - The Westwood Funds® had AUM of $3.0 billion as of December 31, 2021[29]. - The ten largest clients accounted for approximately 22% of fee revenues for the year ended December 31, 2021[27]. - The investment strategies include LargeCap Value, Income Opportunity, and SmallCap Value, each with over $1 billion in AUM[21]. - As of December 31, 2021, non-U.S. clients represented approximately 1% of the company's assets under management (AUM), indicating potential for international growth[51]. - The company has significant capacity to manage additional assets across its existing range of investment strategies[46]. Growth Strategy - Westwood's growth strategy aims to expand AUM by developing new client relationships and acquiring new investment strategies from third parties[27]. - The company aims to generate growth from new and existing clients and consultant relationships while expanding intermediary distribution[44]. - The company has expanded its intermediary distribution team to accelerate growth in top markets[49]. - The company is continually evaluating strategic corporate development opportunities, including acquisitions of asset management firms[50]. New Products and Services - In 2021, Westwood launched three new mutual funds: Westwood Quality AllCap, Westwood Quality MidCap, and Westwood SmallCap Growth[17]. - Westwood Trust provides fiduciary services including financial planning and customizable trust services, typically for clients with at least $1 million in investable assets[30]. - The technology transformation initiated with InvestCloud has led to the launch of online digital portals for clients, enhancing access to financial information[14]. - The company has invested significantly in enhancing its digital capabilities, including moving to cloud-based technology and developing digital client portals[47]. Workforce and Diversity - Approximately 43% of the company's workforce was female, and minorities represented approximately 25% of the workforce as of December 31, 2021[67]. - The company had 130 full-time employees as of December 31, 2021, with no labor union representation[68]. - Approximately 43% of employees are women, with many in senior positions, and about 25% self-identify as members of minority communities[74]. ESG and Corporate Responsibility - The company integrates ESG issues into its investment process, emphasizing the importance of sustainability in company selection[73]. - The company has established a Responsible Investment Committee and a Corporate Responsibility Committee to oversee ESG integration and corporate sustainability strategy[77]. - The company supports the UN Principles for Responsible Investment and integrates ESG analysis into its investment process[75][76]. - Proxy voting rights are viewed as valuable portfolio assets, with a commitment to exercise voting responsibilities in the best interests of clients[83]. - The company engages in community involvement and corporate giving, donating to local and national nonprofits annually[84]. - Initiatives to calculate carbon footprints and buy carbon credits are part of the company's environmental responsibility efforts[85]. Financial Performance and Risks - Revenues are primarily generated from fees derived as a percentage of Assets Under Management (AUM), which is subject to market risks[253]. - A hypothetical 10% decrease in average AUM during the year ended December 31, 2021, would have reduced reported consolidated total revenue by approximately $7 million[254]. - The company does not currently participate in any hedging activities or utilize derivative financial instruments[253]. - Cash equivalents and other investment instruments are exposed to financial market risk due to fluctuations in interest rates, which may affect interest income[255].

Westwood Holdings Group, Inc. (NYSE:WHG) Q4 2021 Earnings Conference Call February 9, 2022 4:30 PM ET Company Participants Julie Gerron - General Counsel & Chief Compliance Officer Brian Casey - President & Chief Executive Officer Terry Forbes - Chief Financial Officer Conference Call Participants Mac Sykes - GAMCO Subhash Kithany - SK Group Inc. Operator Thank you for standing by and welcome to the Westwood Holdings Group Incorporated’s Fourth Quarter 2020 [ph] Earnings Conference Call. At this time, all p ...

Investing Where It Counts Westwood Investor Relations Presentation A Time Like No Other. Forward With Resolve. As of December 31, 2021 1 Investing Where It Counts High-Conviction Investing | Outcome-Oriented Solutions westwoodgroup.com Westwood Holdings Group, Inc. | Overview 2 Investing Where It Counts Westwood | Forward With Resolve AUM1| $14.5 B Firm Overview We are a focused investment management boutique and wealth management firm offering high-conviction equity and outcome-oriented solutions. Our inve ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2021 were $17.9 million, an increase from $17.5 million in Q2 2021 and $15.5 million in Q3 2020 [37] - Net income for Q3 2021 was $1.9 million or $0.24 per share, compared to $1 million or $0.12 per share in Q2 2021 and a net loss of $10.3 million or $1.31 per share in Q3 2020 [38][39] - Economic earnings were $3.7 million or $0.47 per share in Q3 2021, up from $2.8 million or $0.35 per share in Q2 2021 and a loss of $1.7 million or $0.22 per share in Q3 2020 [39][40] Business Line Data and Key Metrics Changes - Firm-wide assets under management (AUM) totaled $13.8 billion, with institutional assets at $6.7 billion (49%), wealth management assets at $4.2 billion (31%), and mutual fund assets at $2.9 billion (20%) [40] - The large cap strategy outperformed the Russell 1000 Value Index, while the SMidCap strategy outperformed its index by over 180 basis points [11][12] - The SmallCap strategy lagged behind the Russell 2000 Value Index, experiencing negative net flows as clients reduced allocations [13] Market Data and Key Metrics Changes - The market experienced mixed performance, with declines in U.S. value indices and a positive return for the S&P 500 despite a decline in September [9][10] - The firm experienced market depreciation of $184 million and net outflows of $423 million during the quarter [41] Company Strategy and Development Direction - The company is focused on enhancing shareholder returns through increased dividends and stock buybacks, with a regular cash dividend of $0.15 per share announced [8][42] - The firm is planning a targeted reintroduction of Multi-Asset solutions on the institutional side and expects to gain traction in the intermediary space [22] - The company aims to leverage its strong client relationships and focus on new business sales in strategies with approved consultant and platform relationships [25] Management's Comments on Operating Environment and Future Outlook - Management noted that while asset flows have slowed from previous quarters, there is still a healthy pipeline of opportunities, particularly in SMidCap strategies [35][52] - The firm is optimistic about the fourth quarter and the year ahead, with expectations for improved performance and continued growth in wealth management [30][36] Other Important Information - The company has successfully outsourced equity trading to Northern Trust, resulting in approximately $1 million in annual savings [31][32] - A mutual fund reorganization is expected to yield cost reductions of approximately $1 million per year for both the company and mutual fund shareholders [34] Q&A Session Summary Question: Did the company buy back some stock in the quarter? - Yes, approximately 25,000 shares were bought back [48] Question: Can you provide an update on the systematic growth strategy and its AUM? - The company has developed a proprietary database to minimize human bias, with $10 million in the wealth channel and exceptional performance ahead of the Russell growth index [49] Question: What is the current status of the pipeline? - The pipeline includes over $1 billion in opportunities, with more than half considered late-stage, particularly in SMidCap strategies [52]