Assets Under Management and Financial Performance - Westwood Management and Westwood Trust collectively had AUM of approximately $16.6 billion and AUA of approximately $1.0 billion as of December 31, 2024[15]. - As of December 31, 2024, assets under management (AUM) in the Westwood Funds® totaled $3.9 billion[48]. - A hypothetical 10% decrease in average Assets Under Management (AUM) and Assets Under Administration (AUA) during the year ended December 31, 2024, would have reduced reported consolidated total revenue by approximately $9 million[260]. - The company’s revenues are primarily generated from fees derived as a percentage of AUM and AUA, which are subject to market risks[259]. Acquisitions and Growth Strategy - The company acquired the asset management business of Salient Partners, L.P. in 2022, which included Salient Capital, L.P. and Salient Advisors, L.P.[18]. - In January 2023, Westwood acquired an additional 32% interest in Broadmark, increasing its ownership to approximately 80%[19]. - Westwood's growth strategy includes organic growth, acquisitions, and the addition of new products to diversify AUM and revenue sources[44]. - The company is pursuing strategic corporate development opportunities, including potential acquisitions of asset management firms and hiring investment professionals[70]. Investment Strategies and Products - Westwood's investment strategies include five strategies each having AUM exceeding $1 billion, such as LargeCap Value and Income Opportunity[27]. - Westwood launched its first two actively-managed ETFs in 2024: Westwood Salient Enhanced Midstream Income (MDST) and Westwood Salient Enhanced Energy Income (WEEI)[73]. - In 2024, Westwood launched two ETFs: Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI)[45]. - Westwood's investment strategies include a focus on energy secondaries private investment funds, targeting discounts to net asset value ranging from 20% to 40%[73]. Client Relationships and Wealth Management - The company emphasizes building strong relationships with clients to enhance its ability to meet their investment objectives[16]. - Westwood Trust serves high net worth and ultra-high net worth individuals and families, with a focus on holistic wealth management approaches[67]. - The company anticipates continued interest from clients in its wealth management services, driven by referrals and existing client relationships[67]. Employee and Workforce Diversity - The company has approximately 151 full-time employees as of December 31, 2024, with 41% being female and 32% representing minority communities[87][104]. - As of December 31, 2024, approximately 15% of employees hold the Chartered Financial Analyst designation, indicating a skilled workforce[88]. Regulatory Compliance and Risk Management - The company is subject to extensive regulation by the SEC and other regulatory bodies, ensuring compliance with the Investment Advisers Act and the Investment Company Act[78]. - The company does not currently participate in any hedging activities or utilize derivative financial instruments, exposing it to inherent market risks[259]. - The company’s fiduciary duty to clients imposes standards and requirements on trading, allocation of investment opportunities, and execution of transactions[79]. Financial Health and Dividend Payments - The company has made quarterly and special dividend payments to Westwood Holdings Group, Inc. out of undivided profits, reflecting its financial health[83]. - The company’s cash equivalents and other investment instruments are exposed to financial market risk due to fluctuations in interest rates, but significant impacts on interest income are not expected[261]. Marketing and Brand Development - The firm aims to strengthen its brand name through high-profile coverage in investment publications and creative marketing strategies[71]. - The company has expanded its distribution capabilities through the Salient Acquisition and the addition of a Managed Investment Solutions team, enhancing its product range[64]. Sales and Market Engagement - Westwood's proactive sales efforts have increased throughout 2024, focusing on consultants and institutional plan sponsors[69]. - The Managed Investment Solutions team joined Westwood in late 2023, focusing on tailoring investment solutions for diverse institutional clients[42]. - The company continues to evaluate new strategies and resources to meet actual and potential investor needs[17].

NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ: CMLS) Westwood One, America’s largest audio network, will present a total of 19 NCAA Men’s and Women’s Basketball games from Conference Championship Week.  Westwood One’s postseason basketball coverage tips off on Saturday, March 8th, with the Ohio Valley Conference Championship game, and continues through Selection Sunday, March 16, with broadcasts that day of the Ivy League, the SEC, and the American Athletic Championship games. Westwoo ...

Westwood Holdings Group, Inc. (NYSE:WHG) Q4 2024 Earnings Conference Call February 12, 2025 4:30 PM ET Company Participants Brian Casey - CEO Terry Forbes - CFO Conference Call Participants Operator Good day and thank you for standing by. Welcome to the 4Q 2024 Westwood Holdings Group Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question-and-answer sessio ...

Westwood Holdings Group, Inc. (NYSE:WHG) Q4 2024 Earnings Conference Call February 12, 2025 4:30 PM ET Company Participants Brian Casey - CEO Terry Forbes - CFO Conference Call Participants Operator Good day and thank you for standing by. Welcome to the 4Q 2024 Westwood Holdings Group Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question-and-answer sessio ...

Westwood Holdings Group Reports Fourth Quarter and Full Year 2024 Results ETF platform strongly outperforms AUM and volume targets for MDST Westwood Engineered Beta partnership launches first two innovative ETFs Westwood's Board authorized an additional $5.0 million of share repurchases Dallas, TX, February 12, 2025 – Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter earnings. Significant items include: Brian Casey, Westwood's CEO, commented, "We celebrated the second anniversary of th ...

ETF platform strongly outperforms AUM and volume targets for MDSTWestwood Engineered Beta partnership launches first two innovative ETFsWestwood’s Board authorized an additional $5.0 million of share repurchases DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter earnings. Significant items include: Investment strategies beating their primary benchmarks included LargeCap Value, Dividend Select, Multi-Asset Income, Intermediate Fixed Income, Credi ...

DALLAS, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) will release its fourth quarter and fiscal year 2024 earnings after the close of the New York Stock Exchange on Wednesday, February 12, 2025. Following the release, the Company will host a live audio webcast and conference call at 4:30 pm Eastern Time (3:30 pm Central Time). To join the conference call, please register here: https://register.vevent.com/register/BI823ff804a3ee4809b6e9b55dcda1c3a0. After registering, you will b ...

VANCOUVER, British Columbia, Jan. 16, 2025 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the “Company”, or “VR”, is pleased to provide an update on exploration activities for its Empire project in northwestern Ontario. Upon the recent discovery of a polyphase and PGE-fertile mafic-ultramafic intrusion at the Westwood property, the Empire project and group of properties has been expanded to district-scale, as shown in Figure 1 below, in order to explore additional targets for Cu ...

Core Viewpoint - WEBs Investments Inc. and Westwood Holdings Group have launched the WEBs Defined Volatility ETF series, which aims to provide a stable investment experience by dynamically adjusting exposure to equity markets based on real-time volatility [1][2][3] Group 1: ETF Features and Strategy - The Defined Volatility ETFs track the Syntax Defined Volatility U.S. Large Cap 500 Index and the Syntax Defined Volatility Triple Qs Index, adjusting exposure to match a target risk level [2][13][14] - During low-volatility periods, the ETFs utilize total return swaps to amplify exposure, while in high-volatility periods, they shift towards cash and U.S. Treasuries to cushion against losses [2][3] - This adaptive strategy aims to smooth the investment journey and enhance risk-adjusted return potential for investors [2][3] Group 2: Management and Expertise - The Defined Volatility strategy was developed in 2023 by a team of ETF industry veterans with over a century of combined experience [4] - Ben Fulton, a pioneer in the ETF industry, previously grew Invesco's PowerShares ETF platform from $200 million to $80 billion [5] - The partnership between WEBs and Westwood combines innovative volatility management with established sales and distribution capabilities [6][7] Group 3: Investment Potential - The Defined Volatility ETFs offer uncapped upside potential to the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), allowing significant participation in market gains while providing stability during turbulent periods [3] - Unlike many option-based strategies, these ETFs aim to generate dividend income, adding another layer of potential value for investors [3] - The swap-based strategy employed by the ETFs is designed to enhance tax efficiency, avoiding substantial tax consequences typically associated with volatility-managed funds [3]

Five-Hour Nightly Country Show to Feature Biggest Stars in Country Music and Fast-rising Artists, Music City News, Fan Interactions “Country Nights Live with Bev Rainey” Will Broadcast Live from Nashville Beginning Tuesday, December 31, 2024, from 7pm to Midnight  NEW YORK and NASHVILLE, Tenn., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Cumulus Media’s Westwood One today announced the launch of a new nighttime Country music radio show, “Country Nights Live with Bev Rainey.” The engaging five-hour nightly program wil ...