Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Intersegment Balances

(in thousands)	Advisory		Trust		Westwood Holdings		Eliminations		Consolidated
Year Ended December 31, 2024
Revenues:
Net fee revenues from external sources	$	71,148	$	21,904	$	—	$	—	$	93,052
Net intersegment revenues	5,959		186		—		(6,145)		—
Other revenue	1,669		—		—		—		1,669
Total revenues	78,776		22,090		—		(6,145)		94,721
Interest income	$	1,146	$	490	$	—	$	—	$	1,636
Net income (loss)	$	17,605	$	2,751	$	(18,124)	$	(21)	$	2,211
Segment assets	$	309,418	$	46,438	$	14,516	$	(220,383)	$	149,989
Segment goodwill	$	23,100	$	16,401	$	—	$	—	$	39,501
Segment equity method investments	$	4,250	$	—	$	—	$	—	$	4,250
Expenditures for long-lived assets	$	15	$	75	$	19	$	—	$	109
Year Ended December 31, 2023
Revenues:
Net fee revenues from external sources	$	68,656	$	20,591	$	—	$	—	$	89,247
Net intersegment revenues	6,270		279		—		(6,549)		—
Other revenue	534		—		—		—		534
Total revenues	75,460		20,870		—		(6,549)		89,781
Interest income	$	518	$	342	$	—	$	—	$	860
Net income (loss)	$	14,636	$	1,776	$	(5,841)	$	—	$	10,571
Segment assets	$	285,179	$	46,754	$	14,256	$	(191,022)	$	155,167
Segment goodwill	$	23,100	$	16,401	$	—	$	—	$	39,501
Segment equity method investments	$	4,284	$	—	$	—	$	—	$	4,284
Expenditures for long-lived assets	$	135	$	94	$	(82)	$	—	$	147
Year Ended December 31, 2022
Revenues:
Net fee revenues from external sources	$	47,703	$	21,686	$	—	$	—	$	69,389
Net intersegment revenues	2,080		336		—		(2,416)		—
Other revenue	(708)		—		—		—		(708)
Total revenues	49,075		22,022		—		(2,416)		68,681
Interest income	$	301	$	113	$	—	$	—	$	414
Net income (loss)	$	11,062	$	1,005	$	(16,695)	$	—	$	(4,628)
Segment assets	$	283,027	$	53,644	$	30,308	$	(220,552)	$	146,427
Segment goodwill	$	19,331	$	16,401	$	—	$	—	$	35,732
Segment equity method investments	$	6,574	$	—	$	—	$	—	$	6,574
Expenditures for long-lived assets	$	137	$	84	$	99	$	—	$	320