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]

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 September 30, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of ...

Westwood Holdings Group, Inc. (NYSE:WHG) Q2 2021 Earnings Conference Call July 27, 2021 4:30 PM ET Company Participants Julie Gerron - Senior Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary Brian Casey - President & Chief Executive Officer Terry Forbes - Chief Financial Officer Conference Call Participants Mac Sykes - Gabelli Operator Thank you for standing by, and welcome to the Westwood Holdings Group Second Quarter 2021 Earnings Conference Call. At this time all participan ...

Investing Where It Counts Westwood Investor Relations Presentation A Time Like No Other. Forward With Resolve. As of June 30, 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 | $14.4 B Employees1 | 125 Publicly Traded | NYSE: WHG Firm Overview We are a focused investment management boutique and wealth management firm offering high-conviction equit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ For the transition period from to . Commission file number 1-31234 ____________________________________________________________________________________________________ WESTWOOD HOLDINGS GROUP, INC. (Exact name of registrant as specified in its charter) ______________________________________________________________________________________ ...

Investing Where It Counts Westwood Investor Relations Presentation A Time Like No Other. Forward With Resolve. As of March 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 Employees1 | 133 Publicly Traded | NYSE: WHG Firm Overview We are a focused investment management boutique and wealth management firm offering high-conviction equi ...

FORM 10-Q ____________________________________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 193 ...

Part I [Business](index=3&type=section&id=Item%201.%20Business) Westwood Holdings Group, Inc. is an investment management firm with **$13.0 billion** AUM as of December 31, 2020, providing services via Advisory and Trust segments - **Westwood operates through its main subsidiaries: Westwood Management (registered investment adviser) and Westwood Trust (state-chartered trust company)**[12](index=12&type=chunk) Total Assets Under Management (AUM) | Metric | Value | | :--- | :--- | | **Total Assets Under Management (AUM)** | ~$13.0 billion | | Date | December 31, 2020 | - **In 2020, the company liquidated its wholly owned subsidiary, Westwood International Advisors, which previously provided investment advisory services**[13](index=13&type=chunk) - **The company's ten largest clients accounted for approximately 24% of fee revenues for the year ended December 31, 2020**[26](index=26&type=chunk) [Advisory Business](index=3&type=section&id=Item%201.%20Business.Advisory) The **Advisory business**, operated by **Westwood Management**, serves institutional and high net worth clients with **U.S. Value Equity** and **Multi-Asset** strategies - **The advisory business is structured around two primary investment teams: U.S. Value Equity and Multi-Asset**[17](index=17&type=chunk) - **Key investment strategies include LargeCap Value, SMidCap, SmallCap Value, AllCap Value, Income Opportunity, Alternative Income, and Total Return**[20](index=20&type=chunk)[21](index=21&type=chunk)[23](index=23&type=chunk) Fund Family AUM (as of Dec 31, 2020) | Fund Family | AUM (as of Dec 31, 2020) | | :--- | :--- | | **Westwood Funds®** | **$2.1 billion** | [Trust Business](index=5&type=section&id=Item%201.%20Business.Trust) **Westwood Trust** offers fiduciary and investment services to high net worth clients and institutions, featuring **Enhanced Balanced®** and **Select Equity** portfolios - **Westwood Trust serves high net worth individuals and families, non-profits, and retirement plans, generally requiring at least $1 million in investable assets**[29](index=29&type=chunk) - **The Trust business offers specialized portfolios such as Enhanced Balanced® for asset diversification and Select Equity for tax-efficient equity exposure**[35](index=35&type=chunk)[36](index=36&type=chunk) [Growth Strategy](index=7&type=section&id=Item%201.%20Business.Growth%20Strategy) The company's growth strategy focuses on expanding client relationships, enhancing digital capabilities, attracting key talent, and pursuing strategic acquisitions - **Key growth drivers include:** - **Growing the investment management platform through new and existing client relationships.** - **Attracting and retaining key employees.** - **Expanding assets in existing investment strategies.** - **Enhancing digital capabilities and client portals.** - **Fostering growth in the wealth management and intermediary channels.** - **Pursuing strategic corporate development opportunities, including acquisitions.** - **Expanding international sales efforts, with non-U.S. clients representing 12% of AUM at year-end 2020**[42](index=42&type=chunk)[43](index=43&type=chunk)[49](index=49&type=chunk) [Competition and Regulation](index=9&type=section&id=Item%201.%20Business.Competition%20and%20Regulation) **Westwood** faces intense competition from larger firms and passive strategies, operating under extensive federal and state regulations including **SEC** and **Texas Department of Banking** oversight - **The company faces intense competition from larger firms and the increasing popularity of low-fee, passive investment strategies, which challenges its active management model**[53](index=53&type=chunk)[55](index=55&type=chunk) - **The business is heavily regulated by the SEC under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. Westwood Trust is regulated by the Texas Department of Banking**[57](index=57&type=chunk)[58](index=58&type=chunk)[61](index=61&type=chunk) - **The company is also subject to ERISA regulations as a fiduciary for some client retirement plans**[64](index=64&type=chunk) [Risk Factors](index=12&type=page&id=Item%201A.%20Risk%20Factors) The company faces material risks from **AUM** fluctuations, intense competition, extensive regulations, litigation, operational challenges, and cybersecurity threats [Industry and Business Risks](index=12&type=section&id=Item%201A.%20Risk%20Factors.Industry%20and%20Business%20Risks) Revenues are highly dependent on **AUM** and market performance, facing significant competition from lower-fee passive strategies and risks related to key employee retention - **Revenues are primarily based on AUM, which is vulnerable to market performance and the firm's investment performance. Poor performance can lead to loss of client accounts**[71](index=71&type=chunk) - **The company faces significant competition from firms with lower-fee, passive investment strategies, which have been gaining market share from active managers**[72](index=72&type=chunk)[73](index=73&type=chunk) - **The success of the business depends on attracting and retaining key professional employees; their departure could cause the loss of client accounts and revenue**[84](index=84&type=chunk)[85](index=85&type=chunk) [Legal, Regulatory, and Technology Risks](index=13&type=section&id=Item%201A.%20Risk%20Factors.Legal,%20Regulatory,%20and%20Technology%20Risks) The business operates in a highly regulated environment, exposed to litigation risks and vulnerable to **cybersecurity** attacks and **IT system** failures - **The business is subject to extensive regulation (e.g., Investment Advisers Act, Dodd-Frank Act), and non-compliance can result in significant penalties and reputational harm**[75](index=75&type=chunk)[76](index=76&type=chunk) - **Cybersecurity is a major risk, as the business depends on IT systems. A breach could materially interrupt operations and lead to regulatory action and legal liability**[91](index=91&type=chunk) - **The company is exposed to litigation risk, which has increased in the asset management industry. Poor investment performance increases the likelihood of lawsuits from dissatisfied clients**[79](index=79&type=chunk) [Client and General Risks](index=16&type=section&id=Item%201A.%20Risk%20Factors.Client%20and%20General%20Risks) The company faces competitive fee pressures, client concentration risk, and general risks including the **COVID-19 pandemic** impact and dividend policy - **The trend toward lower fees in the investment industry, largely driven by passive strategies, puts pressure on the company's fee structure and profit margins**[98](index=98&type=chunk) - **The company has significant client concentration, with the ten largest clients accounting for approximately 24% of fee revenue in 2020. The loss of these clients would have a material adverse effect**[102](index=102&type=chunk) - **The company suspended its dividend in the second quarter of 2020 to preserve capital amid uncertainties from the COVID-19 pandemic. Future dividends are not guaranteed**[111](index=111&type=chunk) - **The COVID-19 pandemic poses a significant risk, with potential impacts on business operations, clients, and financial results, the full extent of which is uncertain**[103](index=103&type=chunk) [Properties](index=20&type=section&id=Item%202.%20Properties) The company's principal operations are conducted from leased office spaces in Dallas, Houston, and Southborough, with a portion of its Dallas space recently subleased - **The company's main office is a 45,000 sq. ft. leased space in Dallas, TX. It also leases space in Houston, TX and Southborough, MA**[119](index=119&type=chunk) - **In January 2021, the company subleased approximately 10,000 sq. ft. of its Dallas office space**[120](index=120&type=chunk) [Legal Proceedings](index=20&type=section&id=Item%203.%20Legal%20Proceedings) The company is subject to claims and legal proceedings arising in the ordinary course of business - **The company is subject to claims and legal proceedings from time to time in the ordinary course of business**[121](index=121&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=21&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) **Westwood's** common stock trades on the **NYSE**, with dividends suspended in **Q2 2020** and an active share repurchase program, showing significant underperformance against market indices - **The company suspended dividends in Q2 2020 to preserve capital amid COVID-19 uncertainties**[126](index=126&type=chunk) Period Shares Repurchased Average Price Total Cost | Period | Shares Repurchased | Average Price | Total Cost | | :--- | :--- | :--- | :--- | | **Year 2020** | 679,756 | **$19.05** | **$13.0 million** | Cumulative Five-Year Total Return (2015-2020) | Index | Return | | :--- | :--- | | **Westwood Holdings Group, Inc.** | **(64.24)%** | | **Russell 2000 Index** | **86.36%** | | **SNL U.S. Asset Manager Index** | **89.47%** | [Selected Financial Data](index=23&type=section&id=Item%206.%20Selected%20Financial%20Data) The company's financial performance declined significantly from 2016 to 2020, reporting a **net loss** of **$8.9 million** in 2020, with **AUM** decreasing to **$13.0 billion** Selected Consolidated Financial Data (in thousands, except per share data) | Metric | 2020 | 2019 | 2018 | | :--- | :--- | :--- | :--- | | **Total revenues** | **$65,111** | **$84,079** | **$122,300** | | **Net income (loss)** | **$(8,947)** | **$5,911** | **$26,751** | | **Earnings (loss) per share – diluted** | **$(1.12)** | **$0.70** | **$3.13** | | Cash dividends declared per common share | **$0.43** | **$2.88** | **$2.76** | Assets Under Management (AUM) (in millions) | As of December 31, | 2020 | 2019 | 2018 | | :--- | :--- | :--- | :--- | | **AUM** | **$13,045** | **$15,235** | **$16,606** | - **2020 financial results were negatively impacted by a $4.2 million currency translation adjustment, $1.1 million in Canadian withholding taxes, and a $3.4 million goodwill impairment, totaling a negative impact of $1.09 per share**[135](index=135&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In **2020**, **Westwood's** financial performance was significantly impacted by lower average **AUM**, the closure of its Canadian subsidiary, and a **goodwill impairment**, resulting in a **net loss** - **2020 highlights include a 14% decrease in AUM to $13.0 billion, a 23% decrease in total revenue, a $3.4 million goodwill write-off, and a net loss for the year**[153](index=153&type=chunk) - **The company closed its Canadian subsidiary, Westwood International Advisors, incurring severance, lease impairment, and other costs, as well as a $4.2 million non-cash currency translation adjustment to net loss**[146](index=146&type=chunk)[153](index=153&type=chunk) - **The company's financial position remains strong with $82.6 million in liquid cash and short-term investments and no debt as of December 31, 2020**[153](index=153&type=chunk) [Assets Under Management (AUM)](index=28&type=section&id=Item%207.%20MD%26A.Assets%20Under%20Management) **AUM** decreased **14%** to **$13.0 billion** in **2020** due to **net outflows** of **$2.7 billion**, partially offset by **market appreciation** AUM by Channel (in millions) | Channel | 2020 | 2019 | % Change | | :--- | :--- | :--- | :--- | | **Institutional** | **$6,567** | **$8,739** | **(25)%** | | **Wealth Management** | **$4,335** | **$4,438** | **(2)%** | | **Mutual Funds** | **$2,143** | **$2,058** | **4%** | | **Total AUM** | **$13,045** | **$15,235** | **(14)%** | Roll-Forward of AUM for Year Ended Dec 31, 2020 (in millions) | Description | Amount | | :--- | :--- | | **Beginning AUM** | **$15,235** | | **Inflows** | **$2,239** | | **Outflows** | **$(4,968)** | | **Net Client Flows** | **$(2,729)** | | **Market Appreciation** | **$539** | | **End of Period AUM** | **$13,045** | [Results of Operations](index=31&type=section&id=Item%207.%20MD%26A.Results%20of%20Operations) For **2020**, total revenues fell **23%** to **$65.1 million** due to lower **AUM**, resulting in a **net loss** of **$9.0 million** and a negative effective tax rate Results of Operations Comparison (in thousands) | Line Item | 2020 | 2019 | % Change | | :--- | :--- | :--- | :--- | | **Total revenues** | **$65,111** | **$84,079** | **(23)%** | | **Total expenses** | **$68,558** | **$79,435** | **(14)%** | | **Income (loss) before income taxes** | **$(7,588)** | **$9,402** | **(181)%** | | **Net income (loss)** | **$(8,947)** | **$5,911** | **(251)%** | - **The decrease in 2020 revenue was primarily due to a $19.0 million decline in asset-based advisory fees resulting from lower average AUM**[180](index=180&type=chunk) - **A goodwill impairment charge of $3.4 million was recorded in 2020 related to the Advisory segment, following a sustained decline in the company's market capitalization**[183](index=183&type=chunk) [Liquidity and Capital Resources](index=34&type=section&id=Item%207.%20MD%26A.Liquidity%20and%20Capital%20Resources) The company maintains a strong liquid position with **$82.6 million** in cash and short-term investments and no debt, despite negative operating cash flow in **2020** Key Liquidity Metrics (in thousands) | As of December 31, | 2020 | 2019 | | :--- | :--- | :--- | | **Cash and cash equivalents** | **$13,016** | **$49,766** | | **Investments, at fair value** | **$69,542** | **$50,324** | | **Total Liquid Assets & Investments** | **$82,558** | **$100,090** | Cash Flow Summary (in thousands) | Cash Flow | 2020 | 2019 | 2018 | | :--- | :--- | :--- | :--- | | **Operating cash flows** | **$(9,770)** | **$32,172** | **$31,484** | | **Investing cash flows** | **$(4)** | **$(4,848)** | **$3,597** | | **Financing cash flows** | **$(25,812)** | **$(31,870)** | **$(34,115)** | - **Westwood Trust is required to maintain minimum restricted capital of $4.0 million and had approximately $13.9 million in excess of this requirement at year-end 2020**[198](index=198&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=37&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is **AUM** fluctuations, as revenues are based on a percentage of **AUM**, with a **10%** decrease in **AUM** potentially reducing revenue by **$6 million** - **A hypothetical 10% decrease in average AUM for the year ended December 31, 2020, would have resulted in an approximate $6 million reduction in consolidated total revenue**[229](index=229&type=chunk) [Controls and Procedures](index=39&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that **disclosure controls** and **internal control over financial reporting** were effective as of December 31, 2020, based on the **COSO framework** - **Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of December 31, 2020**[234](index=234&type=chunk) - **Management assessed internal control over financial reporting as effective as of December 31, 2020, using the COSO framework**[240](index=240&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=41&type=section&id=Item%2010.%20Directors,%20Executive%20Officers%20and%20Corporate%20Governance) Information regarding directors, executive officers, and corporate governance is incorporated by reference from the **2021 Proxy Statement** - **The required information is incorporated by reference from the 2021 Proxy Statement**[245](index=245&type=chunk) [Executive Compensation](index=41&type=section&id=Item%2011.%20Executive%20Compensation) Information concerning executive compensation is incorporated by reference from the **2021 Proxy Statement** - **The required information is incorporated by reference from the 2021 Proxy Statement**[246](index=246&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=41&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) As of December 31, 2020, **684,000** securities remained available for future issuance under equity compensation plans, with other information incorporated by reference Equity Compensation Plan Information as of December 31, 2020 | Plan Category | Securities to be issued upon exercise of outstanding options, etc. (a) | Securities remaining available for future issuance (c) | | :--- | :--- | :--- | | Equity compensation plans approved by security holders | — | **684,000** | Part IV [Exhibits, Financial Statement Schedules](index=42&type=section&id=Item%2015.%20Exhibits,%20Financial%20Statement%20Schedules) This section lists the financial statements and required exhibits, as detailed in their respective indexes Financial Statements and Notes [Report of Independent Registered Public Accounting Firm](index=45&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) **Deloitte & Touche LLP** issued an unqualified opinion on the consolidated financial statements, identifying **goodwill valuation** for the **Trust reporting unit** as a **critical audit matter** - **The auditor identified the valuation of the Trust reporting unit's goodwill as a critical audit matter due to significant management judgments in estimating fair value using the income approach, particularly regarding the discount rate and revenue projections**[271](index=271&type=chunk) [Notes to Consolidated Financial Statements](index=51&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the closure of **Westwood International Advisors**, revenue recognition, segment reporting, **goodwill impairment**, and subsequent events like a dividend declaration and **InvestCloud** gain [Note 1. Description of the Business](index=51&type=section&id=Note%201.%20Description%20of%20the%20Business) This note describes **Westwood's** business and highlights the **2020** liquidation of **Westwood International Advisors**, including associated costs and Canadian withholding taxes - **The liquidation of Westwood International Advisors in 2020 resulted in $0.5 million of severance expense, $0.3 million of lease impairment, and $0.1 million of vendor costs, offset by $1.3 million in restricted stock forfeitures**[286](index=286&type=chunk) - **The company repatriated income from Canada and incurred $1.1 million of withholding taxes (net of U.S. federal tax deduction)**[287](index=287&type=chunk) [Note 10. Goodwill and Other Intangible Assets](index=68&type=section&id=Note%2010.%20Goodwill%20and%20Other%20Intangible%20Assets) The company recorded a **$3.4 million goodwill impairment** in **2020** for its **Advisory segment**, with the remaining **$16.4 million goodwill** allocated to the **Trust segment** Goodwill Balance (in thousands) | As of December 31, | 2020 | 2019 | | :--- | :--- | :--- | | **Beginning balance** | **$19,804** | **$19,804** | | **Impairment expense** | **$(3,403)** | — | | **Ending balance** | **$16,401** | **$19,804** | - **The impairment was related to the Advisory segment and was caused by a sustained decline in market capitalization and revised long-term projections**[398](index=398&type=chunk)[399](index=399&type=chunk) [Note 18. Subsequent Events](index=73&type=section&id=Note%2018.%20Subsequent%20Events) Subsequent events include a **$0.10 per share quarterly cash dividend** declared in February **2021**, issuance of **restricted stock**, and a **$5.6 million pre-tax gain** on **InvestCloud** investment - **In January 2021, the company's investment in InvestCloud was remeasured, resulting in a pre-tax gain of approximately $5.6 million**[427](index=427&type=chunk) - **On February 10, 2021, the Board declared a quarterly cash dividend of $0.10 per share**[425](index=425&type=chunk)

Westwood Holdings Group, Inc. (NYSE:WHG) Q4 2020 Results Conference Call February 10, 2021 4:30 PM ET Company Participants Julie Gerron - General Counsel and Chief Compliance Officer Brian Casey - President and CEO Terry Forbes - CFO Conference Call Participants Mac Sykes - Gabelli Operator Ladies and gentlemen, thank you for standing by, and welcome to the Westwood Holdings Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentati ...

Westwood Holdings Group, Inc. (NYSE:WHG) Q3 2020 Results Conference Call October 28, 2020 4:30 PM ET Company Participants Julie Gerron - General Counsel and Chief Compliance Officer Brian Casey - President and CEO Terry Forbes - CFO Conference Call Participants Mac Sykes - Gabelli Operator Ladies and gentlemen, thank you for standing by and welcome to the Westwood Holdings Group’s Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' prese ...