Financial Data and Key Metrics Changes - Total revenues for Q2 2025 were reported at $23.1 million, compared to $23.3 million in Q1 2025 and $22.7 million in Q2 2024, indicating flat revenues across these periods [19] - The company achieved a net income of $1 million or $0.12 per share in Q2 2025, an improvement from a loss of $2.2 million or $0.27 per share in Q2 2024 [20] - Economic earnings for the quarter were $2.8 million or $0.32 per share, compared to an economic loss of $0.5 million or $0.06 per share in Q2 2024 [20] Business Line Data and Key Metrics Changes - Assets under management (AUM) reached $18.3 billion, up from $16.8 billion in Q2 2024, with institutional assets at $9.2 billion (53%), wealth management assets at $4.2 billion (24%), and mutual fund assets at $3.9 billion (23%) [20] - The company experienced net outflows of $200 million in AUM but had market appreciation of $600 million during the quarter [21] Market Data and Key Metrics Changes - The S&P 500 finished the quarter with solid gains, reaching new all-time highs, despite significant market volatility earlier in the quarter [7] - Growth stocks outperformed value stocks across market capitalizations during this period [7] Company Strategy and Development Direction - The company is evolving into a multifamily office model to serve ultra-high-net-worth families, aligning with client demand and industry trends [13] - Westwood was added to the Russell 2000 Index, expected to enhance trading volume and broaden the institutional investor base [14] - The company launched 11 second-tier ETFs, expanding its innovative ETF platform [5] Management's Comments on Operating Environment and Future Outlook - Management expects continued market volatility driven by uncertain trade policies and varying economic indicators [10] - The focus on high-quality businesses with strong fundamentals is believed to position the company well for future performance [10] - The company remains confident in its strategic positioning and the value provided to clients, with a robust institutional pipeline [16] Other Important Information - The Board of Directors approved a regular cash dividend of $0.15 per common share, payable on October 1, 2025 [21] - The company has a strong pipeline of traditional business exceeding $2 billion and has started three new businesses in the last eighteen months [24] Q&A Session Summary Question: No questions were raised during the session - The management acknowledged the lack of questions and expressed appreciation for the audience's participation [22][23]