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Westwood Holdings Group serves institutions, investment funds and wealthy individuals through two main businesses. Westwood Management manages client portfolios, advises the Westwood Funds and Westwood ETFs, and manages investments for funds offered by other firms. This advisory business supplies most of the company’s revenue. Westwood Trust provides wealth management, trust and custody services, using both Westwood Management and outside investment managers.
Clients and funds generally pay fees based on the value of assets Westwood manages or advises on. Trust fees follow a similar model. Some investment mandates also pay additional fees when returns beat an agreed benchmark, but asset-based fees are the main source of income.
Revenue therefore depends on market values and on attracting and retaining client assets. Investment performance and relationships with clients, consultants and financial intermediaries matter because clients can end agreements and fund investors can withdraw their money. No single client dominates fee revenue, though the largest client relationships collectively remain important.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Virtus and Westwood both earn fees tied to the value of investments they manage for fund investors, institutions and individuals using intermediary-distributed managed accounts, exposing both to portfolio values and client demand. Virtus’s retail separate accounts, including portfolios supplied to managed-account providers, offer a comparison for Westwood’s intermediary business.
Silvercrest and Westwood compete for institutions’ investment mandates and wealthy individuals’ wealth-management business. Silvercrest’s ability to retain ultra-wealthy clients through investment performance and personalized service is a useful comparison for Westwood Trust’s client relationships.
AllianceBernstein competes with Westwood for institutional, retail and wealthy clients, managing their money through individual portfolios, funds, portfolios run for other fund providers and wealth-management services. Its institutional mandates and intermediary-distributed retail funds are the closest comparisons for Westwood; clients at both firms can generally end investment-management arrangements on short notice.
Affiliated Managers Group’s affiliated investment firms compete with Westwood for investors buying actively managed equity and multi-asset funds, separate accounts and wealth-management services. Their equity and multi-asset businesses are the parts to compare with Westwood’s U.S. value-equity and multi-asset strategies, rather than AMG’s private-market business.
Invesco and Westwood both manage active portfolios for investors who can end their contracts quickly, so retaining client assets matters to both firms’ fees. Watch Invesco’s actively managed equity and balanced accounts: they earn higher fees than its fixed-income, money-market, stable-value accounts and ETFs, making the mix of client assets important as well as their value.
Cohen & Steers competes with Westwood for wealth-channel and institutional investors seeking real-asset and income investments through funds and institutional accounts. Its results need a real-estate lens: real estate securities represented approximately 63.8% of its managed assets at December 31, 2025, while Westwood’s capabilities also include energy and real assets and income alternatives.
Ameriprise and Westwood both manage investments and provide wealth services for individuals, charging managed-account fees based on account assets. Ameriprise’s managed-account fees in Advice & Wealth Management are a closer comparison for Westwood’s individual-client business than its combined assets under management, administration and advisement.
Lazard’s substantial asset-management business competes with Westwood to manage money for institutions and funds. Lazard also has a major financial-advisory business, so its asset-management results are the relevant comparison, not the whole firm.
AllianceBernstein Holding, L.P. earningsAB
AllianceBernstein's report will show whether institutions and investors buying through intermediaries are still committing money to active managers, the same clients Westwood competes to serve.
Read asset changes and client flows in AllianceBernstein's institutional mandates alongside its intermediary-distributed retail funds. If both retain or attract assets, clients are still using active managers, but AllianceBernstein is holding its ground, making similar clients harder for Westwood to win or keep; losses in both would point to weaker demand or tougher conditions, not prove that the assets went to Westwood.
Invesco LTD earningsIVZ
Invesco's report will show whether clients are keeping money in higher-fee active equity and balanced accounts, a demand question for Westwood's own active-management business.
Compare asset changes and flows in Invesco's actively managed equity and balanced accounts with its lower-fee fixed-income, money-market, stable-value and ETF categories. If active assets hold up better, investors are still paying for active management, supporting demand for Westwood's similar strategies while leaving Invesco as a competitor; if active assets weaken relative to those categories, fee-generating active management faces greater pressure.
WESTWOOD HOLDINGS GROUP, INC. earningsThis company
Westwood earns fees from managing assets and providing trust services, and this report will show whether client asset flows and fee revenue are supporting its earnings.
Read average assets under management alongside net client flows and advisory and Trust fee revenue. Stable assets and fees would show that client retention and the business mix are sustaining revenue; outflows and falling fees, while expenses decline more slowly, would show withdrawals are squeezing earnings.
Silvercrest Asset Management Group Inc. earningsSAMG
Silvercrest's report will show whether ultra-wealthy clients are staying with its wealth-management business, a direct comparison for Westwood Trust's effort to win and retain affluent clients.
Look at Silvercrest's client-asset retention or outflows alongside what it reports about investment performance and personalized service. Strong retention would show ultra-wealthy clients are staying with a comparable wealth manager, leaving Westwood Trust with a capable rival; weaker retention would signal that these relationships are harder to sustain, but would not show that clients are moving to Westwood.
