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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Other Revenue, Net $ 1,669,000 $ 534,000 $ (708,000)
Total revenues 94,721,000 89,781,000 68,681,000
Employee compensation and benefits 56,011,000 52,918,000 40,124,000
Amortization of intangible assets 4,148,000 4,149,000 1,889,000
Unrealized Gain (Loss) on Investments 0 6,000 (1,495,000)
Net interest and dividend revenue 2,183,000 1,191,000 266,000
Other Income 1,002,000 6,241,000 907,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 4,015,000 13,443,000 (5,195,000)
Provision for income taxes 1,804,000 2,872,000 (567,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 2,211,000 $ 10,571,000 $ (4,628,000)
Basic (in dollars per share) $ 0.27 $ 1.20 $ (0.59)
Diluted (in dollars per share) $ 0.26 $ 1.17 $ (0.59)
Sales and marketing $ 2,668,000 $ 2,990,000 $ 2,003,000
Westwood mutual funds 3,254,000 3,133,000 2,201,000
Information technology 9,662,000 9,650,000 7,719,000
Professional services 5,468,000 5,132,000 5,357,000
General and administrative 11,947,000 12,512,000 9,057,000
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized 0 209,000 7,093,000
Operating Expenses 93,891,000 83,776,000 73,554,000
Operating Income (Loss) 830,000 6,005,000 (4,873,000)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest (4,000) 1,051,000  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 2,215,000 9,520,000 (4,628,000)
Expenses:      
Employee compensation and benefits 56,011,000 52,918,000 40,124,000
Sales and marketing 2,668,000 2,990,000 2,003,000
Westwood mutual funds 3,254,000 3,133,000 2,201,000
Information technology 9,662,000 9,650,000 7,719,000
Professional services 5,468,000 5,132,000 5,357,000
General and administrative 11,947,000 12,512,000 9,057,000
Foreign Currency Transaction Gain (Loss), before Tax (4,881,000) (2,768,000) 0
Operating Income (Loss) 830,000 6,005,000 (4,873,000)
Income (loss) before income taxes 4,015,000 13,443,000 (5,195,000)
Provision for income taxes 1,804,000 2,872,000 (567,000)
Net income (loss) 2,211,000 10,571,000 (4,628,000)
Other comprehensive income (loss), net of tax:      
Total comprehensive income (loss) $ 2,215,000 $ 9,520,000 $ (4,628,000)
Earnings (loss) per share:      
Basic (in dollars per share) $ 0.27 $ 1.20 $ (0.59)
Diluted (in dollars per share) $ 0.26 $ 1.17 $ (0.59)
Weighted average shares outstanding:      
Basic (in shares) 8,163,465 7,964,423 7,844,363
Diluted (in shares) 8,515,779 8,112,139 7,844,363
Unrealized Gain (Loss) on Investments $ 0 $ 6,000 $ (1,495,000)
Other Income 1,002,000 6,241,000 907,000
General and Administrative Expense [Member]      
Amortization of intangible assets 4,100,000 4,100,000 1,900,000
Asset Management [Member]      
Revenue from Contract with Customer, Including Assessed Tax 69,755,000 67,391,000 46,685,000
Investment Performance [Member]      
Revenue from Contract with Customer, Including Assessed Tax 1,393,000 1,265,000 1,018,000
Fiduciary and Trust [Member]      
Revenue from Contract with Customer, Including Assessed Tax 21,422,000 20,242,000 21,686,000
Trust performance-based fees [Member]      
Revenue from Contract with Customer, Including Assessed Tax $ 482,000 $ 349,000 $ 0