Westwood (WHG) 10-K 13 Mar 23 2022 FY Annual report Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022
Cover [Abstract]
Document Type	10-K
Entity Incorporation, State or Country Code	DE
City Area Code	(214)
Local Phone Number	756-6900
Entity File Number	1-31234
Entity Address, City or Town	Dallas,
Entity Address, Postal Zip Code	75201
Entity Tax Identification Number	75-2969997
Entity Address, Address Line One	200 Crescent Court, Suite 1200
Trading Symbol	WHG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Address, State or Province	TX
Document Annual Report	true
Entity Information [Line Items]
Entity Filer Category	Non-accelerated Filer
Entity Registrant Name	WESTWOOD HOLDINGS GROUP, INC.
Entity Shell Company	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Line Items]
Auditor Location	Dallas, Texas
Auditor Name	BDO USA, LLP
Auditor Firm ID	243

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Feb. 15, 2019
Document And Entity Information [Abstract]
Entity Central Index Key	0001165002
Document Type	10-K
Document Period End Date	Dec. 31, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float		$ 100,016,804
Entity Common Stock, Shares Outstanding			9,245,779
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Document Transition Report	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 23,859,000	$ 15,206,000
Accounts Receivable, after Allowance for Credit Loss	13,900,000	11,152,000
Investments, at fair value	15,342,000	65,024,000
Prepaid Taxes	446,000	233,000
Other current assets	4,645,000	2,246,000
Total current assets	58,192,000	93,861,000
Long-term Investments	4,455,000	4,455,000
Equity Method Investments	6,574,000	0
Goodwill	35,732,000	16,401,000
Deferred income taxes	1,762,000	848,000
Intangible assets, net	28,952,000	11,911,000
Property and equipment, net of accumulated depreciation of $9,277 and $8,637	1,828,000	2,114,000
Assets	146,427,000	139,605,000
Current Liabilities:
Accounts payable and accrued liabilities	5,678,000	2,637,000
Dividends payable	1,745,000	1,800,000
Compensation and benefits payable	8,689,000	9,530,000
Income taxes payable	0	466,000
Total current liabilities	17,614,000	15,842,000
Accrued dividends	701,000	1,133,000
Asset Acquisition, Contingent Consideration, Liability	12,901,000
Total long-term liabilities	18,165,000	5,857,000
Total liabilities	35,779,000	21,699,000
Commitments and contingencies
Stockholders’ Equity:
Common stock, $0.01 par value, authorized 25,000,000 shares, issued 11,527,544 and outstanding 8,881,831 shares at December 31, 2022; issued 10,658,644 and outstanding 8,253,491 shares at December 31, 2021	115,000	107,000
Additional paid-in capital	199,914,000	195,187,000
Treasury stock, at cost – 2,645,713 shares at December 31, 2022; 2,405,154 shares at December 31, 2021	(85,128,000)	(81,750,000)
Retained earnings (accumulated deficit)	(4,253,000)	4,362,000
Total stockholders’ equity	110,648,000	117,906,000
Total liabilities and stockholders’ equity	146,427,000	139,605,000
Operating Lease, Right-of-Use Asset	4,976,000	4,868,000
Other Assets, Noncurrent	929,000	634,000
Assets, Noncurrent [Abstract]	88,235,000	45,744,000
Operating Lease, Liability	6,065,000	6,133,000
Operating Lease, Liability, Current	1,502,000	1,409,000
Operating Lease, Liability, Noncurrent	4,563,000	4,724,000
Other Long-term Investments	$ 3,027,000	$ 4,513,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 9,196	$ 8,637
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued		10,182,583
Common stock, shares outstanding		8,904,902
Treasury stock, shares		1,277,681

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Revenue, Net	$ (708,000)	$ (339,000)	$ 346,000
Total revenues	68,681,000	73,054,000	65,111,000
Employee compensation and benefits	40,124,000	42,532,000	42,141,000
Amortization of intangible assets	1,889,000	1,624,000	1,721,000
Unrealized Gain (Loss) on Investments	(1,495,000)	(1,797,000)	(711,000)
Net interest and dividend revenue	266,000	868,000	604,000
Other Income	907,000	602,000	135,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax		0	(4,169,000)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(5,195,000)	14,003,000	(7,588,000)
Provision for income taxes	(567,000)	4,240,000	1,359,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(4,628,000)	9,763,000	(8,947,000)
Goodwill impairment loss	$ 0	$ 3,400,000	$ 3,403,000
Basic (in dollars per share)	$ (0.59)	$ 1.24	$ (1.12)
Diluted (in dollars per share)	$ (0.59)	$ 1.23	$ (1.12)
Sales and marketing	$ 2,003,000	$ 1,280,000	$ 1,194,000
Westwood mutual funds	2,201,000	2,657,000	1,681,000
Information technology	7,719,000	8,161,000	8,111,000
Professional services	5,357,000	4,391,000	4,271,000
General and administrative	9,057,000	8,074,000	8,941,000
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized	7,093,000
Operating Expenses	73,554,000	67,095,000	68,558,000
Operating Income (Loss)	(4,873,000)	5,959,000	(3,447,000)
Realized Investment Gains (Losses)	0	8,371,000
Expenses:
Employee compensation and benefits	40,124,000	42,532,000	42,141,000
Sales and marketing	2,003,000	1,280,000	1,194,000
Westwood mutual funds	2,201,000	2,657,000	1,681,000
Information technology	7,719,000	8,161,000	8,111,000
Professional services	5,357,000	4,391,000	4,271,000
General and administrative	9,057,000	8,074,000	8,941,000
Foreign Currency Transaction Gain (Loss), before Tax	0	0	1,184,000
Operating Income (Loss)	(4,873,000)	5,959,000	(3,447,000)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal			(711,000)
Income (loss) before income taxes	(5,195,000)	14,003,000	(7,588,000)
Provision for income taxes	(567,000)	4,240,000	1,359,000
Net income (loss)	(4,628,000)	9,763,000	(8,947,000)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	(1,226,000)
Other comprehensive income (loss)			(1,226,000)
Total comprehensive income (loss)	$ (4,628,000)	$ 9,763,000	$ (6,004,000)
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.59)	$ 1.24	$ (1.12)
Diluted (in dollars per share)	$ (0.59)	$ 1.23	$ (1.12)
Weighted average shares outstanding:
Basic (in shares)	7,844,363	7,875,395	7,987,554
Diluted (in shares)	7,844,363	7,927,972	7,987,554
Unrealized Gain (Loss) on Investments	$ (1,495,000)	$ (1,797,000)	$ (711,000)
Investment Income, Investment Expense	266,000	868,000	604,000
Other Income	907,000	602,000	135,000
Goodwill impairment loss	0	3,400,000	3,403,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax		0	(4,169,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0	0	4,169,000
General and Administrative Expense [Member]
Amortization of intangible assets	1,900,000	1,600,000	1,700,000
Asset Management [Member]
Revenue from Contract with Customer, Including Assessed Tax	46,685,000	45,927,000	38,028,000
Investment Performance [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,018,000	3,335,000	2,808,000
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax	21,686,000	24,030,000	23,563,000
Trust performance-based fees [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 101,000	$ 366,000

CONSOLIDATED STATEMENTs OF STOC

CONSOLIDATED STATEMENTs OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Westwood Holdings Group, Inc. Common Stock, Par	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)
BALANCE at Dec. 31, 2019	$ 148,287	$ 103	$ 203,441	$ (63,281)	$ (2,943)	$ 10,967
BALANCE, shares at Dec. 31, 2019		8,881,086
Net loss	(8,947)					(8,947)
Other comprehensive income	(1,226)				(1,226)
Foreign currency translation adjustments	(1,226)
Issuance of restricted stock, net of forfeitures		$ 2	(2)
Issuance of restricted stock, net of forfeitures, shares		193,968
Stock-based compensation expense	6,701		6,701
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid	212		212
Dividends declared ($2.07 in 2015, $1.82 per share in 2014, $1.64 per share in 2013)	(3,715)					(3,715)
Purchases of treasury stock	(12,952)			(12,952)
Purchases of treasury stock, shares		(679,756)
Issuance of treasury stock under employee stock plans, shares		2,169
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures			(84)	83
Restricted stock returned for payment of taxes	(1,120)			(1,120)
Restricted stock returned for payment of taxes, shares		(43,045)
BALANCE at Dec. 31, 2020	130,711	$ 105	210,268	(77,967)	0	(1,695)
BALANCE, shares at Dec. 31, 2020		8,326,948
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	4,169
Treasury Stock, Shares, Acquired, Employee Stock Plan		(27,474)
Treasury Stock, Acquired, Employee Stock Plan	(697)			(697)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	4,169				4,169
Net loss	9,763					9,763
Foreign currency translation adjustments	0
Issuance of restricted stock, net of forfeitures		$ 2	(2)
Issuance of restricted stock, net of forfeitures, shares		158,098
Stock-based compensation expense	5,835		5,835
Distributed Earnings	(20,823)		(20,823)
Dividends declared ($2.07 in 2015, $1.82 per share in 2014, $1.64 per share in 2013)	(3,706)					(3,706)
Purchases of treasury stock	(2,990)			(2,990)
Purchases of treasury stock, shares		(182,549)
Issuance of treasury stock under employee stock plans, shares		2,353
Issuance of treasury stock under employee stock plans			(91)	91
Restricted stock returned for payment of taxes	(884)			(884)
Restricted stock returned for payment of taxes, shares		(51,359)
BALANCE at Dec. 31, 2021	$ 117,906	$ 107	195,187	(81,750)	0	4,362
BALANCE, shares at Dec. 31, 2021	8,904,902	8,253,491
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	$ 0
Accumulated Other Comprehensive Income (Loss), Tax	(46)
Net loss	(4,628)
Foreign currency translation adjustments	0
Issuance of restricted stock, net of forfeitures		$ 8	(8)
Issuance of restricted stock, net of forfeitures, shares		868,900
Stock-based compensation expense	6,001		6,001
Distributed Earnings	(1,166)		(1,166)
Dividends declared ($2.07 in 2015, $1.82 per share in 2014, $1.64 per share in 2013)	(3,987)					(3,987)
Purchases of treasury stock	(2,851)			(2,851)
Purchases of treasury stock, shares		(205,521)
Issuance of treasury stock under employee stock plans, shares		2,564
Issuance of treasury stock under employee stock plans	0		(100)	100
Restricted stock returned for payment of taxes	(627)			(627)
Restricted stock returned for payment of taxes, shares		(37,603)
BALANCE at Dec. 31, 2022	$ 110,648	$ 115	$ 199,914	$ (85,128)	$ 0	$ (4,253)
BALANCE, shares at Dec. 31, 2022		8,881,831
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	$ 0
Accumulated Other Comprehensive Income (Loss), Tax	$ 43

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share	$ 2.88	$ 2.76	$ 2.54

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (4,628)	$ 9,763	$ (8,947)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	687	750	921
Amortization of intangible assets	1,889	1,624	1,721
Net change in unrealized (appreciation) depreciation on investments	2,136	1,845	1,056
Realized gains on private investments		(8,371)
Realized Investment Gains (Losses)	0	8,371
Stock-based compensation expense	6,001	5,835	6,701
Deferred income taxes	(916)	620	754
Gain (Loss) on Sale of Assets and Asset Impairment Charges	0	0	48
Gain on sale of operations	0	(148)	0
Gain on asset disposition	1,110	1,235	1,500
Changes in operating assets and liabilities:
Net (purchases) sales of investments – trading securities	48,977	4,513	(19,562)
Accounts receivable	(313)	(1,702)	3,683
Other current assets	(1,842)	189	(170)
Accounts payable and accrued liabilities	1,251	1,009	(526)
Compensation and benefits payable	(861)	2,042	(2,270)
Income taxes payable	(687)	1,750	(690)
Other liabilities	(1,314)	(1,569)	(1,561)
Cash flows from investing activities:
Sale of investments	33,419
Purchases of investments	0	(15)	0
Payments to Acquire Investments	(320)	178	93
Proceeds from Sale of Property, Plant, and Equipment	0	501	89
Cash flows from financing activities:
Purchases of treasury stock	(2,851)	(2,990)	(12,952)
Payment for Repurchases of Stock for Benefit Plan	0	0	(697)
Restricted stock returned for payment of taxes	(627)	(884)	(1,120)
Cash dividends	(5,625)	(22,932)	(11,043)
Effect of currency rate changes on cash	5	45	(1,164)
Net increase (decrease) in cash and cash equivalents	8,653	2,190	(36,750)
Cash and cash equivalents, beginning of year	15,206	13,016	49,766
Cash and cash equivalents, end of year	23,859	15,206	13,016
Supplemental cash flow information:
Cash paid during the year for income taxes	1,858	1,858	1,271
Right-of-use assets obtained in exchange for operating lease liabilities	1,217	0	0
Accrued dividends	2,446	2,933	1,336
Supplemental Deferred Purchase Price	12,901
Net Cash Provided by (Used in) Operating Activities	51,490	19,385	(9,770)
Proceeds from Sale of Other Investments	0	9,258
Net Cash Provided by (Used in) Investing Activities	(33,739)	9,566	(4)
Net Cash Provided by (Used in) Financing Activities	(9,103)	(26,806)	(25,812)
Goodwill impairment loss	0	3,400	3,403
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	$ 0	$ 0	$ 4,169

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE MEASUREMENTS: ASC 820 defines fair value, establishes a framework for measuring fair value and requires additional disclosures regarding certain fair value measurements. ASC 820 establishes a three-tier hierarchy for measuring fair value, as follows: • Level 1 – quoted market prices in active markets for identical assets and liabilities • Level 2 – inputs other than quoted prices that are directly or indirectly observable • Level 3 – unobservable inputs where there is little or no market activity Our strategic investment in InvestCloud discussed in Note 6 "Investments" is excluded from the recurring fair value table shown below, as we have elected to apply the measurement alternative for that investment. The following table summarizes the values of our assets and liabilities as of the dates indicated within the fair value hierarchy (in thousands): Level 1 Level 2 Level 3 Measured at NAV (1) Total As of December 31, 2022 Investments in trading securities $ 15,342 $ — $ — $ — $ 15,342 Private investment fund — — — 235 235 Private equity — — 2,792 — 2,792 Total assets measured at fair value $ 15,342 $ — $ 2,792 $ 235 $ 18,369 Salient Acquisition contingent consideration $ — $ — $ 12,901 $ — $ 12,901 Total liabilities measured at fair value $ — $ — $ 12,901 $ — $ 12,901 As of December 31, 2021 Investments in trading securities $ 65,024 $ — $ — $ — $ 65,024 Private investment fund — — — 144 144 Private equity — — 4,369 — 4,369 Total assets measured at fair value $ 65,024 $ — $ 4,369 $ 144 $ 69,537 (1) Comprised of certain investments measured at fair value using NAV as a practical expedient. The fair value amounts presented in this table are intended to allow reconciliation of the fair value hierarchy to the amounts presented on our Consolidated Balance Sheets.

Balance Sheet Components

Balance Sheet Components	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BALANCE SHEET COMPONENTS	BALANCE SHEET COMPONENTS: Property and Equipment The following table reflects information about our property and equipment as of December 31, 2022 and 2021 (in thousands): As of December 31, 2022 2021 Leasehold improvements $ 4,921 $ 4,956 Furniture and fixtures 2,786 2,590 Computer hardware and office equipment 3,317 3,205 Accumulated depreciation (9,196) (8,637) Property and equipment, net $ 1,828 $ 2,114

Regulatory Capital Requirements

Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2022
Banking and Thrift [Abstract] (Deprecated 2020-01-31)
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS: Westwood Trust must maintain cash and investments in an amount equal to the required minimum restricted capital of $4.0 million as required by the Texas Finance Code. Restricted capital is included in Investments in the accompanying Consolidated Balance Sheets. At December 31, 2022, Westwood Trust had approximately $21.2 million in excess of its minimum capital requirement. Westwood Trust is limited under applicable Texas law in the payment of dividends of undivided profits, which is that part of equity capital equal to the balance of net profits, income, gains and losses since formation minus subsequent distributions to stockholders and transfers to surplus or capital under share dividends or appropriate Board resolutions. At the discretion of its Board of Directors, Westwood Trust may make quarterly and special dividend payments, or other distributions, to Westwood out of its undivided profits. No dividend payments were made in 2022, 2021 or 2020.

Revenue (Notes)

Revenue (Notes)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Advisory Fee Revenues Our advisory fees are generated by Westwood Management and Westwood International Advisors (prior to its closure, effective September 30, 2020), for managing client accounts under investment advisory and sub-advisory agreements. Advisory fees are typically calculated based on a percentage of AUM and AUA, and are paid in accordance with the terms of the agreements. Advisory fees are paid quarterly in advance based on AUM on the last day of the preceding quarter, quarterly in arrears based on AUM on the last day of the quarter just ended or are based on a daily or monthly analysis of AUM for the stated period. We recognize advisory fee revenues as services are rendered. Since our advance paying clients' billing periods coincide with the calendar quarter to which such payments relate, revenue is recognized within the quarter and our Consolidated Financial Statements contain no deferred advisory fee revenues. Advisory clients typically consist of institutional and mutual fund accounts. Institutional investors include separate accounts of (i) corporate pension and profit sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals; (ii) sub-advisory relationships where Westwood provides investment management services for funds offered by other financial institutions; (iii) pooled investment vehicles, including the UCITS Fund and collective investment trusts; and (iv) managed account relationships with brokerage firms and other registered investment advisors that offer Westwood products to their customers. The UCITS Fund was liquidated in June 2020. Mutual funds include the Westwood Funds®, a family of mutual funds for which Westwood Management serves as advisor. These funds are available to individual investors, as well as offered as part of our suite of investment strategies for institutional investors and wealth management accounts. Arrangements with Performance-Based Obligations A limited number of our advisory clients have a contractual performance-based fee component in their contracts, which generates additional revenues if we outperform a specified index over a specific period of time, and a limited number of our mutual fund offerings have fees that generate additional revenues if we outperform specified indices over specific periods of time. The revenue is based on future market performance and is subject to many factors outside our control. We cannot conclude that a significant reversal in the cumulative amount of revenue recognized will not occur during the measurement period, and therefore the revenue is recorded at the end of the measurement period when the performance obligation has been satisfied. Trust Fee Revenues Our trust fees are generated by Westwood Trust pursuant to trust or custodial agreements. Trust fees are separately negotiated with each client and are generally based on a percentage of AUM. Westwood Trust also provides trust services to a small number of clients on a fixed fee basis. The fees for most of our trust clients are calculated quarterly in arrears, based on a daily average of AUM for the quarter, or monthly, based on the month-end value of AUM. Since billing periods for most of Westwood Trust’s clients coincide with the calendar quarter, revenue is fully recognized within the quarter and our Consolidated Financial Statements contain no deferred fee revenues. Revenue Disaggregated Sales taxes are excluded from revenues. The following table presents our revenue disaggregated by account type (in thousands). In 2021, we recast certain prior year revenues related to performance fees. Year Ended December 31, 2022 2021 2020 Advisory Fees: Institutional $ 26,653 $ 31,069 $ 28,878 Mutual Funds 20,245 17,507 11,488 Wealth Management 805 686 470 Trust Fees 21,686 24,131 23,929 Other (708) (339) 346 Total revenues $ 68,681 $ 73,054 $ 65,111 We have clients in various locations around the world. The following table presents our revenue disaggregated by our clients' geographical locations (in thousands): Year Ended December 31, 2022 Advisory Trust Performance-based Other Total Canada $ 1,171 $ — $ — $ — $ 1,171 U.S. 45,514 21,686 1,018 (708) 67,510 Total $ 46,685 $ 21,686 $ 1,018 $ (708) $ 68,681 Year Ended December 31, 2021 Advisory Trust Performance-based Other Total Canada 1,163 — — — 1,163 Europe 638 — 262 — 900 U.S. 45,512 24,131 1,687 (339) 70,991 Total $ 47,313 $ 24,131 $ 1,949 $ (339) $ 73,054 Year Ended December 31, 2020 Advisory Trust Performance-based Other Total Asia $ 696 $ — $ — $ — $ 696 Canada 1,505 — — — 1,505 Europe 2,707 — 1,570 — 4,277 U.S. 33,120 23,563 1,604 346 58,633 Total $ 38,028 $ 23,563 $ 3,174 $ 346 $ 65,111

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS (LOSS) PER SHARE:Basic earnings (loss) per common share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares outstanding. Diluted EPS is computed based on the weighted average shares of common stock outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non- employee directors. There were approximately 120,000, 116,000 and 381,000 anti-dilutive restricted shares as of December 31, 2022, 2021 and 2020, respectively. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share and share amounts): Years ended December 31, 2022 2021 2020 Net income (loss) $ (4,628) $ 9,763 $ (8,947) Weighted average shares outstanding – basic 7,844,363 7,875,395 7,987,554 Dilutive potential shares from unvested restricted shares — 52,577 — Weighted average shares outstanding – diluted 7,844,363 7,927,972 7,987,554 Earnings (loss) per share: Basic $ (0.59) $ 1.24 $ (1.12) Diluted $ (0.59) $ 1.23 $ (1.12)

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES: As discussed in Note 2 “Summary of Significant Accounting Policies,” the CTFs and Private Funds (together the “Westwood VIEs”) are considered VIEs, and the Westwood Funds® and Private Equity are considered VOEs (together the “Westwood VOEs”). We receive fees for managing assets in these entities commensurate with market rates. As of December 31, 2022 and 2021, we evaluated all of the Westwood VIEs and Westwood VOEs to determine whether or not we should consolidate the entities into our Consolidated Financial Statements. For the Westwood VIEs, we evaluated whether or not we qualify as the primary beneficiary based on whether we have the obligation to absorb significant losses, the right to receive residual returns and the right to direct the activities of the entity that most significantly impact the entity’s economic performance, and concluded that we do not qualify as a primary beneficiary for those entities. For the Westwood VOEs, we evaluated whether or not we own a controlling financial interest in the entities, and we concluded that we do not. Based on our analyses, we have not consolidated the Westwood VIEs or Westwood VOEs into our Consolidated Financial Statements for the years ended December 31, 2022 or 2021. We have not otherwise provided any financial support that we were not previously contractually obligated to provide and there are no arrangements that would require us to provide additional financial support to any of these entities. Our seed investments in the Westwood Funds® are accounted for as investments in accordance with our other investments described in Note 6 “Investments.” We recognized fee revenue from the Westwood VIEs and Westwood VOEs of approximately $23.2 million, $22.8 million and $19.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. The following table displays the AUM, the amount of our seed investments that are included in “Investments” and “Investments, at fair value” on the Consolidated Balance Sheets, and the financial risk of loss in each vehicle (in millions): As of December 31, 2022 Assets Under Management Corporate Investment Amount at Risk VIEs/VOEs: Westwood Funds® $ 4,328 $ — $ — Common Trust Funds 715 $ — $ — Private Funds 11 $ 0.3 $ 0.3 Private Equity — $ 7.2 $ 7.2 All other assets: Wealth Management 2,940 Institutional 6,785 Total AUM $ 14,779

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS: Some of our directors, executive officers and their affiliates invest personal funds directly in trust accounts that we manage. At both December 31, 2022 and at December 31, 2021, there was approximately $0.1 million in fees due from these accounts. For the year ended December 31, 2022, we recorded trust fees from these accounts of $0.3 million. For both of the years ended December 31, 2021 and 2020, we recorded trust fees from these accounts of $0.4 million. One director serves as a consultant to the Company under a consulting agreement for which we recorded expenses of $0.1 million for each of the years ended December 31, 2022, 2021 and 2020. The Company engages in transactions with its affiliates as part of its operations. Westwood International Advisors (prior to its closure, effective September 30, 2020) and Westwood Management provide investment advisory services to the UCITS Fund (prior to its liquidation in June 2020) and the Westwood Funds®. Certain members of our management served on the board of directors of the UCITS Fund before its liquidation. Under the terms of the investment advisory agreements, the Company earned quarterly fees paid by clients of the fund or by the funds directly. The fees are based on negotiated fee schedules applied to AUM. For the years ended December 31, 2022 and 2021, we did not record any fees from the affiliated Funds. For the year ended December 31, 2020, we recorded fees from the affiliated Funds of $0.9 million, which are included in “Asset-based advisory fees” on our Consolidated Statement of Comprehensive Income (Loss). As of December 31, 2022 and 2021, all of these fees had been collected.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES: Purchase commitments Our purchase commitments primarily consist of outsourced information technology services, software licenses and commitments for financial research tools. As of December 31, 2022, our purchase commitments for the next five years and thereafter were as follows (in thousands): Payments due in: Total Less than 1 year 1-3 years 4-5 years Thereafter Purchase obligations $ 7,944 $ 4,654 $ 3,290 $ — $ —

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING: We operate two segments: Advisory and Trust. These segments are managed separately based on the types of products and services offered and their related client bases. The Company’s segment information is prepared on the same basis that management uses to review the financial information for operational decision-making purposes. The Company's chief operating decision maker, our Chief Executive Officer, evaluates the performance of our segments based primarily on fee revenues and Economic Earnings, a non-GAAP measurement. We define Economic Earnings as net income (loss) plus non-cash stock-based compensation expense, impairment expense, amortization of intangible assets, currency translation adjustment reclassification and deferred taxes related to goodwill. Although depreciation on fixed assets is a non-cash expense, we do not add it back when calculating Economic Earnings because depreciation charges represent an allocation of the decline in the value of the related assets that will ultimately require replacement. In addition, we do not adjust Economic Earnings for tax deductions related to restricted stock expense or amortization of intangible assets. Westwood Holdings Group, Inc., the parent company of Advisory and Trust, does not have revenues and is the entity in which we record typical holding company expenses including employee compensation and benefits for holding company employees, directors’ fees and investor relations costs. All segment accounting policies are the same as those described in the summary of significant accounting policies. Intersegment balances that eliminate in consolidation have been applied to the appropriate segment. Advisory Our Advisory segment provides investment advisory services to (i) corporate pension and profit sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals, (ii) sub-advisory relationships where Westwood provides investment management services to the Westwood Funds®, funds offered by other financial institutions and funds offered by our Trust segment and (iii) pooled investment vehicles, including the UCITS Fund (liquidated in June 2020) and collective investment trusts. Salient and Westwood Management, which provide investment advisory services to similar clients, are included in our Advisory segment. Westwood International Advisors (prior to its closure, effective September 30, 2020), is included in our Advisory segment. Trust Westwood Trust provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Trust is included in our Trust segment. (in thousands) Advisory Trust Westwood Holdings Eliminations Consolidated 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 Expenses: Depreciation and amortization 394 1,603 579 — 2,576 Other operating expenses 33,249 18,336 21,809 (2,416) 70,978 Total expenses 33,643 19,939 22,388 (2,416) 73,554 Net change in unrealized appreciation on private investments (640) (460) (395) — (1,495) Investment income 310 (44) — — 266 Other income — — 907 — 907 Income (loss) before income taxes 15,102 1,579 (21,876) — (5,195) Income tax expense (benefit) 4,040 574 (5,181) — (567) 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 Expenditures for long-lived assets $ 137 $ 84 $ 99 $ — $ 320 Year Ended December 31, 2021 Revenues: Net fee revenues from external sources $ 49,262 $ 24,131 $ — $ — $ 73,393 Net intersegment revenues 2,415 356 — (2,771) — Other revenue (339) — — (339) Total revenues 51,338 24,487 — (2,771) 73,054 Expenses: Depreciation and amortization 167 1,614 615 — 2,396 Other operating expenses 33,249 18,092 16,129 (2,771) 64,699 Total expenses 33,416 19,706 16,744 (2,771) 67,095 Realized gains on private investments 3,524 2,731 2,116 — 8,371 Net change in unrealized appreciation (depreciation) on private investments (757) (587) (453) — (1,797) Investment income 875 (7) — — 868 Other income — — 602 — 602 Income (loss) before income taxes 21,564 6,918 (14,479) — 14,003 Income tax expense (benefit) 4,784 1,262 (1,806) — 4,240 (in thousands) Advisory Trust Westwood Holdings Eliminations Consolidated Net income (loss) $ 16,780 $ 5,656 $ (12,673) $ — $ 9,763 Segment assets $ 222,335 $ 56,965 $ 12,784 $ (152,479) $ 139,605 Segment goodwill $ — $ 16,401 $ — $ — $ 16,401 Expenditures for long-lived assets $ 66 $ 61 $ 51 $ — $ 178 Year Ended December 31, 2020 Revenues: Net fee revenues from external sources $ 40,836 $ 23,929 $ — $ — $ 64,765 Net intersegment revenues 2,338 263 — (2,601) — Net interest and dividend revenue 35 — — — 35 Other revenue 311 — — — 311 Total revenues 43,520 24,192 — (2,601) 65,111 Expenses: Depreciation and amortization 322 1,656 664 — 2,642 Impairment expense 3,403 — — — 3,403 Other operating expenses 34,675 17,398 13,041 (2,601) 62,513 Total expenses 38,400 19,054 13,705 (2,601) 68,558 Net change in unrealized appreciation (depreciation) on private investments (311) (222) (178) — (711) Investment income 552 52 — — 604 Other income — — 135 — 135 Income before income taxes 5,361 4,968 (17,917) — (7,588) Income tax expense (benefit) 3,456 1,977 (4,074) — 1,359 Net income (loss) $ 1,905 $ 2,991 $ (13,843) $ — $ (8,947) Segment assets $ 204,827 $ 54,749 $ 17,247 $ (127,671) $ 149,152 Segment goodwill $ — $ 16,401 $ — $ — $ 16,401 Expenditures for long-lived assets $ 20 $ 24 $ 49 $ — $ 93 Geographical information Refer to Note 4, “Revenue” for our revenue disaggregated by our clients' geographical location. As of December 31, 2022 and 2021, all of our property and equipment was in the United States.

Concentration

Concentration	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATION	CONCENTRATION: For the years ended December 31, 2022 and 2021, our ten largest clients accounted for approximately 22% of our fee revenue. For the year ended December 31, 2020, our ten largest clients accounted for approximately 24% of our fee revenue. No single customer accounted for 10% or more of our fee revenues in any of these years. The following table presents advisory fee revenue received from our single largest client in each year (in thousands): Years ended December 31, 2022 2021 2020 Advisory fees from our largest client: Asset-based fees $ 2,582 $ 2,682 $ 1,940 Performance-based fees — — 1,607 Percent of fee revenue 3.7 % 3.7 % 5.5 %

Quarterly Financial Data

Quarterly Financial Data	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (Unaudited)	QUARTERLY FINANCIAL DATA (Unaudited): The following is a summary of unaudited quarterly results of operations for the years ended December 31, 2022 and 2021 (in thousands, except per share amounts): Quarter First Second Third Fourth 2022 Revenues $ 17,216 $ 15,603 $ 15,406 $ 20,456 Income (loss) before income taxes 594 (458) (1,021) (4,313) Net income (loss) 50 (378) (1,175) (3,125) Basic earnings (loss) per common share 0.01 (0.05) (0.15) (0.40) Diluted earnings (loss) per common share 0.01 (0.05) (0.15) (0.40) 2021 Revenues $ 18,319 $ 17,484 $ 17,860 $ 19,391 Income (loss) before income taxes 7,014 1,416 2,360 3,213 Net income (loss) 4,101 970 1,879 2,813 Basic earnings (loss) per common share 0.52 0.12 0.24 0.36 Diluted earnings (loss) per common share 0.52 0.12 0.24 0.36

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Earnings Per Share, Policy [Policy Text Block]	Basic earnings (loss) per common share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares outstanding. Diluted EPS is computed based on the weighted average shares of common stock outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non- employee directors. There were approximately 120,000, 116,000 and 381,000 anti-dilutive restricted shares as of December 31, 2022, 2021 and 2020, respectively. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share and share amounts): Years ended December 31, 2022 2021 2020 Net income (loss) $ (4,628) $ 9,763 $ (8,947) Weighted average shares outstanding – basic 7,844,363 7,875,395 7,987,554 Dilutive potential shares from unvested restricted shares — 52,577 — Weighted average shares outstanding – diluted 7,844,363 7,927,972 7,987,554 Earnings (loss) per share: Basic $ (0.59) $ 1.24 $ (1.12) Diluted $ (0.59) $ 1.23 $ (1.12)
Principles of consolidation	Principles of Consolidation The accompanying Consolidated Financial Statements include the accounts of Westwood and its subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. We assess each legal entity that we manage to determine whether consolidation is appropriate at the onset of the relationship. We first determine whether the entity is a variable interest entity (“VIE”), or a voting interest entity (“VOE”), under GAAP and whether we have a controlling financial interest in the entity. Assessing whether or not an entity is a VOE or VIE and if it requires consolidation involves judgment and analysis. Factors considered in this assessment include, but are not limited to, the legal organization of the entity, our equity ownership and contractual involvement with the entity and any related party or de facto agent implications of our involvement with the entity. We reconsider whether entities are a VIE or VOE whenever contractual arrangements change, the entity receives additional equity or returns equity to its investors or changes in facts and circumstances occur that change investors’ abilities to direct the activities of the entity. A VIE is an entity in which (i) the total equity investment at risk is not sufficient to enable the entity to finance its activities without subordinated financial support, (ii) the at-risk equity holders, as a group, lack the characteristics of a controlling financial interest or (iii) the entity is structured with disproportionate voting rights, and substantially all of the activities are conducted on behalf of an investor with disproportionately few voting rights. That is, the at-risk equity holders do not have the obligation to absorb significant losses, the right to receive residual returns and the right to direct the activities of the entity that most significantly impact the entity’s economic performance. An enterprise must consolidate all VIEs of which it is the primary beneficiary. We determine if a sponsored investment meets the definition of a VIE by considering whether the fund’s equity investment at risk is sufficient to finance its activities without additional subordinated financial support and whether the fund’s at-risk equity holders absorb any losses, have the right to receive residual returns and have the right to direct the activities of the entity most responsible for the entity’s economic performance. The primary beneficiary of a VIE is defined as the party that, considering the involvement of related parties and de facto agents, has (i) the power to direct the activities of the VIE that most significantly affect its economic performance and (ii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. This evaluation is updated on a continuing basis. A VOE is an entity that is outside the scope of the guidance for VIEs. Consolidation of a VOE is required when a reporting entity owns a controlling financial interest in a VOE. Ownership of a majority of the voting interests is the usual condition for a controlling financial interest. We evaluated (i) our relationship as sponsor of the Common Trust Funds (“CTFs”) and managing member of the private equity funds Westwood Hospitality and Westwood Technology Opportunities Fund I, LP (collectively the “Private Funds”), (ii) our advisory relationships with the Westwood Funds® and (iii) our investments in InvestCloud, Charis, Broadmark, Zarvona Energy Fund GP and Zarvona Energy Fund II-A as discussed in Note 6 “Investments” (“Private Equity”) to determine whether each of these entities is a variable interest entity (“VIE”) or voting ownership entity (“VOE”). Based on our analyses, we determined that the CTFs, Private Funds and Zarvona Energy Fund II-A were VIEs, as the at-risk equity holders do not have the ability to direct the activities that most significantly impact the entities' economic performance, and the Company and its representatives have a majority control of the entities' respective boards of directors and can influence the respective entities' management and affairs. As we do not qualify as primary beneficiaries for those entities we have not consolidated our investments in those entities for the periods ending December 31, 2022 and 2021. Based on our analyses, we determined the Westwood Funds®, InvestCloud, Charis, Zarvona Energy Fund GP and Broadmark (i) have sufficient equity at risk to finance the entities' activities independently, (ii) have the obligation to absorb losses, the right to receive residual returns and the right to direct the activities of the entities that most significantly impact the entities' economic performance and (iii) are not structured with disproportionate voting rights and are VOEs. As we do not own controlling financial interests in those entities we have not consolidated our investments in those entities for the periods ending December 31, 2022 and 2021.
Use of Estimates	Use of Estimates The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of money market accounts and other short-term, highly liquid investments with maturities of three months or less, other than pooled investment vehicles that are considered investments. We maintain some cash and cash equivalents balances with financial institutions that are in excess of Federal Deposit Insurance Corporation insurance limits. The Company has not experienced losses on uninsured cash accounts.
Accounts Receivable	Accounts Receivable Accounts receivable represents balances arising from services provided to customers and are recorded on an accrual basis, net of any allowance for doubtful accounts. Accounts receivable are written off when they are determined to be uncollectible. Any allowance for doubtful accounts is estimated based on the Company’s historical amounts written off, existing conditions in the industry, and the financial stability of the customer. The majority of our accounts receivable balances consist of advisory and trust fees receivable from customers that we believe are, and have experienced to be, fully collectible. Accordingly, our Consolidated Financial Statements include neither an allowance for bad debt, nor bad debt expense.
Investments	Investments With the exception of our investment in Charis, discussed below under "Fair Value of Financial Instruments", investments that are measured at fair market value are classified as trading securities and are carried at quoted market values on the accompanying Consolidated Balance Sheets. Net unrealized holding gains or losses on investments classified as trading securities are reflected as a component of other revenues. We measure realized gains and losses on investments using the specific identification method. For an investment without a readily determinable fair value, the Company has elected to apply the measurement alternative of cost minus impairment, if any, plus or minus changes resulting from observable price changes. The Company will reassess whether such an investment qualifies for the measurement alternative at each reporting period. In evaluating an
Fair Value of Financial Instruments	Fair Value of Financial Instruments We determined the estimated fair values of our financial instruments using available information. The fair value amounts discussed in Notes 6 “Investments” and 7 “Fair Value Measurements” are not necessarily indicative of either the amounts realizable upon disposition of these instruments or of our intent or ability to dispose of these assets. The estimated fair value of cash and cash equivalents, accounts receivable, prepaid income taxes, other current assets, accounts payable and accrued liabilities, dividends payable, compensation and benefits payable and income taxes payable approximates their carrying value due to their short-term maturities. The carrying amount of investments designated as “trading” securities, primarily U.S. Government and Government agency obligations, money market funds, equity funds, equities and exchange-traded bond funds, equals fair value based on prices quoted in active markets and, with respect to funds, the reported net asset value (“NAV”) of the shares held. Market values of our money market holdings generally do not fluctuate. Our investment in Westwood Hospitality is measured at fair value using NAV as a practical expedient. Our investment in Charis is measured at fair value on a recurring basis using a market approach based on a price to tangible book value multiple that is determined to be reasonable in the current environment, or market transactions. Management believes this valuation methodology is consistent with the banking industry and will reevaluate our methodology and inputs on a quarterly basis.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of acquired assets over the fair value of the underlying identifiable assets at the date of acquisition. Goodwill is tested at least annually for impairment. We test more frequently if indicators are present or changes in circumstances suggest that impairment may exist. These indicators include declines in revenues, earnings or cash flows, or the development of a material adverse change in the business climate. We assess goodwill for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment, which is referred to as a component. We have identified two reporting units, which are consistent with our reporting segments: Advisory and Trust. The Company is not required to calculate the fair value of a reporting unit unless we determine that it is more likely than not that its fair value is less than the carrying amount. We assess goodwill for impairment using either a qualitative or quantitative assessment. The qualitative assessment includes consideration of the current trends in the industry in which we operate, macroeconomic conditions and recent financial performance of our reporting units. The quantitative analysis requires a comparison of each reporting unit’s carrying value to the fair value of the respective unit. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The fair value of each reporting unit is estimated using a market multiple approach and an income approach. Following a sustained decline in the Company's market capitalization, we determined in 2020 that the entire goodwill related to our Advisory segment was impaired, and accordingly we recorded charges of $3.4 million to "Impairment expense" on the Consolidated Statements of Comprehensive Income (Loss). As part of our evaluation, we determined the fair value of each of our reporting units using a weighted average approach of the market and income approaches. As part of the 2020 Advisory reporting unit assessment, we determined that an increase in the discount rate (from the prior assessment) applied in the valuation was required to align with market-based assumptions. The higher discount rate, in conjunction with revised long-term projections, resulted in a lower fair value of the Advisory segment. We completed our most recent annual goodwill impairment assessment during the third quarter of 2022, and determined that no goodwill impairment related to the Trust segment was required. There was no goodwill impairment in the Trust segment during the years ended December 31, 2022, 2021 or 2020.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation of furniture and equipment is provided over the estimated useful lives of the assets (from 3 to 7 years), and depreciation on leasehold improvements is provided over the lesser of the estimated useful life or lease term using the straight-line method. We capitalize leasehold improvements, furniture and fixtures, computer hardware and most office equipment purchases.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenues are recognized when the performance obligation (the investment management and advisory or trust services provided to the client) defined by the investment advisory or sub-advisory agreement is satisfied. For each performance obligation, we determine at contract inception whether the revenue satisfies over time or at a point in time. We derive our revenues from investment advisory fees, trust fees and other sources of revenues such as gains and losses from our seed money investments into net investment strategies. The "Other, net” revenues on our Consolidated Statements of Comprehensive Income (Loss) are the unrealized gains and losses on our seed money investments, and our seed money investments are included in "Investments, at fair value" on our Consolidated Balance Sheets. Our seed money investments were $7.3 million and $57.2 million at December 31, 2022 and 2021, respectively. Advisory and Trust fees are calculated based on a percentage of AUM and AUA, and the performance obligation is realized over the then-current calendar quarter. Once clients receive our investment advisory services we have an enforceable right to payment. Incremental costs to obtain a contract are eligible to be capitalized if the costs are expected to be recovered over the service period. We incur certain incremental costs in obtaining new business and continually evaluate whether costs should be capitalized and amortized over the expected period of benefit of the asset. Certain costs used to fulfill a contract such as the distribution services utilized to sell our Westwood Funds® are expensed as incurred. We recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less.
Stock Based Compensation	Stock-Based Compensation We have issued restricted stock to certain U.S. employees and Board of Directors in accordance with our Eighth Amended and Restated Westwood Holdings Group, Inc. Stock Incentive Plan (the “Plan”). We account for stock-based compensation in accordance with ASC 718, Compensation-Stock Compensation and adopted Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting effective January 1, 2017. Under ASC 718, stock-based compensation expense reflects the fair value of stock-based awards measured at grant date and is recognized over the relevant service period. We expense the fair value of stock-based compensation awards granted to our employees and directors in our Consolidated Financial Statements on a straight-line basis over the period that services are required to be provided in exchange for the award (“requisite service period”), which is typically the period over which the award vests. Stock-based compensation is recognized only for awards that vest. We measure the fair value of compensation cost related to restricted stock awards based on the closing market price of our common stock on the grant date. For performance-based share awards, we assess actual performance versus the predetermined performance goals and record compensation expense once we conclude it is probable that we will meet the performance goals required to vest the applicable performance-based awards. The Share Award Plan of Westwood Holdings Group, Inc. for Service Provided in Canada to its Subsidiaries (the “Canadian Plan”) provided compensation in the form of common stock for services performed by employees of Westwood International Advisors, prior to its 2020 closure. We recorded compensation costs for these awards on a straight-line basis over the vesting period once we determined it was probable that the award would be earned. Awards expected to be settled in shares were funded into a trust pursuant to an established Canadian employee benefit plan. Generally, the Canadian trust subsequently acquired Westwood common shares in market transactions and held such shares until the shares were vested and distributed, or forfeited. Shares held in the trust were shown on our Consolidated Balance Sheet as treasury shares. Until shares were acquired by the trust, we recorded compensation costs and measured the liability as a cash-based award, which was included in “Compensation and benefits payable” on our Consolidated Balance Sheets. For the years ended December 31, 2022, 2021 and 2020 there was no compensation expense recorded for these awards. When the number of shares related to an award was determinable, the award became an equity award accounted for in a manner similar to restricted stock, which is described in Note 8 “Employee Benefits.”
Income Taxes	Income Taxes We file a U. S. federal income tax return as a consolidated group for Westwood and its U.S.-based subsidiaries. We file a Canadian income tax return for Westwood International Advisors. Deferred income tax assets and liabilities are determined based on temporary differences between the financial statements and income tax bases of assets and liabilities as measured at enacted income tax rates. Deferred income tax expense is generally the result of changes in deferred tax assets and liabilities. Deferred taxes relate primarily to incentive compensation and stock-based compensation expense. We record net deferred tax assets to the extent we believe such assets will more likely than not be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. In the event we were to determine that we would not be able to realize our deferred income tax assets in the future, we would record a valuation allowance. No such valuation allowance has been recorded in our Consolidated Financial Statements. We account for uncertain tax positions by recognizing the impact of a tax position in our Consolidated Financial Statements when we believe it is more likely than not that the tax position would not be sustained upon examination by the appropriate tax authority based on the merits of the position. We include penalties and interest on income-based taxes, if any, in the “General and administrative” line on our Consolidated Statements of Comprehensive Income (Loss). See Note 9 “Income Taxes.” Business Combinations In allocating the purchase price of a business combination, the Company records all assets acquired and liabilities assumed at fair value, with the excess of the purchase price over the aggregate fair values recorded as goodwill. ASC 820, Fair Value Measurements ("ASC 820") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The purchase price of an acquisition is allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values as of the date of acquisition. To the extent the purchase price exceeds the fair value of the net identifiable tangible and intangible assets acquired and liabilities assumed, such excess is allocated to goodwill. The Company determines the estimated fair values after review and consideration of relevant information, including discounted cash flows, quoted market prices and estimates made by management. The fair value assigned to identifiable intangible assets acquired is based on estimates and assumptions made by management at the time of the acquisition. The Company adjusts the preliminary purchase price allocation, as necessary, during the measurement period of up to one year after the acquisition closing date as it obtains more information as to facts and circumstances existing as of the acquisition date. Acquisition-related costs are recognized separately from the acquisition and are expensed as incurred. The acquired client relationships, trade names and non-compete agreements are subject to fair value measurements based primarily on significant inputs not observable in the market and thus represent level 3 measurements. The valuation of an acquired client relationship utilizes an income approach, which provides an estimate of the fair value of an asset based on discounted cash flows and management estimates, including the estimated growth associated with existing clients, market growth and client attrition. The valuation of acquired trade names uses a relief from royalty method in which the fair value of the intangible asset is estimated to be the present value of royalties saved because the Company owns the intangible asset. Revenue projections and estimated useful lives are used in estimating the fair value of the trade names. The non-compete agreements are calculated using the differential cash flow method (with-or-without method), which utilizes the probability of certain employees competing with the Company and revenue projections to calculate the valuation of non-competition agreements. When an acquisition includes future contingent consideration on achieving certain milestones, the Company estimates the earn-out fair value using Monte Carlo simulation models. The Monte Carlo simulations considered assumptions including revenue volatility, risk free rates, discount rates and additional revenue discount rates. The projected contingent payment is discounted back to the current period using a discounted cash flow model. Increases or decreases in projected revenues, probabilities of payment, discount rates or projected payment dates may result in higher or lower fair value measurements. Fluctuations in any of the inputs may result in a significantly lower or higher fair value measurement. A liability is recorded for the estimated fair value of the contingent consideration on the acquisition date, and the fair value of the contingent consideration is remeasured at each subsequent reporting period with any change in fair value recognized as income or expense within the Consolidated Statements of Comprehensive Income (Loss). Equity Method Investments

Revenue (Policies)

Revenue (Policies)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenues are recognized when the performance obligation (the investment management and advisory or trust services provided to the client) defined by the investment advisory or sub-advisory agreement is satisfied. For each performance obligation, we determine at contract inception whether the revenue satisfies over time or at a point in time. We derive our revenues from investment advisory fees, trust fees and other sources of revenues such as gains and losses from our seed money investments into net investment strategies. The "Other, net” revenues on our Consolidated Statements of Comprehensive Income (Loss) are the unrealized gains and losses on our seed money investments, and our seed money investments are included in "Investments, at fair value" on our Consolidated Balance Sheets. Our seed money investments were $7.3 million and $57.2 million at December 31, 2022 and 2021, respectively. Advisory and Trust fees are calculated based on a percentage of AUM and AUA, and the performance obligation is realized over the then-current calendar quarter. Once clients receive our investment advisory services we have an enforceable right to payment. Incremental costs to obtain a contract are eligible to be capitalized if the costs are expected to be recovered over the service period. We incur certain incremental costs in obtaining new business and continually evaluate whether costs should be capitalized and amortized over the expected period of benefit of the asset. Certain costs used to fulfill a contract such as the distribution services utilized to sell our Westwood Funds® are expensed as incurred. We recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less.

Earnings Per Share (Policies)

Earnings Per Share (Policies)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share, Policy [Policy Text Block]	Basic earnings (loss) per common share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares outstanding. Diluted EPS is computed based on the weighted average shares of common stock outstanding plus the effect of any dilutive shares of restricted stock granted to employees and non- employee directors. There were approximately 120,000, 116,000 and 381,000 anti-dilutive restricted shares as of December 31, 2022, 2021 and 2020, respectively. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share and share amounts): Years ended December 31, 2022 2021 2020 Net income (loss) $ (4,628) $ 9,763 $ (8,947) Weighted average shares outstanding – basic 7,844,363 7,875,395 7,987,554 Dilutive potential shares from unvested restricted shares — 52,577 — Weighted average shares outstanding – diluted 7,844,363 7,927,972 7,987,554 Earnings (loss) per share: Basic $ (0.59) $ 1.24 $ (1.12) Diluted $ (0.59) $ 1.23 $ (1.12)

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Balances	All other investments are carried at fair value on a recurring basis and are accounted for as trading securities. Investments carried at fair value are presented in the table below (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Estimated December 31, 2022: U.S. Government and Government agency obligations $ 5,728 $ — $ (389) $ 5,339 Money market funds 4,093 111 — 4,204 Equity funds 4,863 32 (446) 4,449 Equities 1,278 — (65) 1,213 Exchange-traded bond funds 159 — (22) 137 Total trading securities $ 16,121 $ 143 $ (922) $ 15,342 Private investment fund 3,475 — (683) 2,792 Private equity 265 — (30) 235 Total investments carried at fair value $ 19,861 $ 143 $ (1,635) $ 18,369 December 31, 2021: U.S. Government and Government agency obligations $ 39,926 $ — $ (491) $ 39,435 Money market funds 19,661 — — 19,661 Equity funds 4,135 158 (7) 4,286 Equities 1,296 206 — 1,502 Exchange-traded bond funds 140 — — 140 Total trading securities $ 65,158 $ 364 $ (498) $ 65,024 Private investment fund 265 — (121) 144 Private equity 3,420 949 — 4,369 Total investments carried at fair value $ 68,843 $ 1,313 $ (619) $ 69,537
Other Revenue	The following amounts represent income from all investments, except for income tax amounts, are included in our Consolidated Statements of Comprehensive Income (Loss) under the headings “Other revenues, net," "Net change in unrealized appreciation (depreciation) on private investments," or "Investment Income" (in thousands): For the Years Ended December 31, 2022 2021 2020 Realized gains $ 1 $ 41 $ 110 Realized losses (363) (212) (116) Net realized gains (losses) $ (362) $ (171) $ (6) Income tax expense from gains (losses) $ (76) $ (36) $ (1) Interest income – trading $ 414 $ 716 $ 786 Dividend income $ 90 $ 35 $ 101 Unrealized gains/(losses) $ (2,131) $ 923 $ (1,056)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Values of Assets Within Fair Value Hierarchy	The following table summarizes the values of our assets and liabilities as of the dates indicated within the fair value hierarchy (in thousands): Level 1 Level 2 Level 3 Measured at NAV (1) Total As of December 31, 2022 Investments in trading securities $ 15,342 $ — $ — $ — $ 15,342 Private investment fund — — — 235 235 Private equity — — 2,792 — 2,792 Total assets measured at fair value $ 15,342 $ — $ 2,792 $ 235 $ 18,369 Salient Acquisition contingent consideration $ — $ — $ 12,901 $ — $ 12,901 Total liabilities measured at fair value $ — $ — $ 12,901 $ — $ 12,901 As of December 31, 2021 Investments in trading securities $ 65,024 $ — $ — $ — $ 65,024 Private investment fund — — — 144 144 Private equity — — 4,369 — 4,369 Total assets measured at fair value $ 65,024 $ — $ 4,369 $ 144 $ 69,537 (1) Comprised of certain investments measured at fair value using NAV as a practical expedient. The fair value amounts presented in this table are intended to allow reconciliation of the fair value hierarchy to the amounts presented on our Consolidated Balance Sheets.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the changes in Level 3 investments measured at fair value on a recurring basis for the periods presented (in thousands): Years ended December 31, 2022 2021 Beginning balance $ 4,369 $ 3,431 Net change in unrealized appreciation (depreciation) on private investments (1,577) 938 Ending balance $ 2,792 $ 4,369

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets (Tables) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill	Goodwill represents the excess of the cost of acquired assets over the fair value of the underlying identifiable assets at the date of acquisition. Changes in goodwill were as follows (in thousands): As of December 31, 2022 2021 Beginning balance $ 16,401 $ 16,401 Salient Acquisition 1 19,331 — Ending balance $ 35,732 $ 16,401
Summary of Intangible Assets	The following is a summary of intangible assets at December 31, 2022 and 2021 (in thousands, except years): Weighted Average Amortization Period (years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount 2022 Client relationships 15.0 $ 34,397 $ (10,636) $ 23,761 Internally developed software 5.8 1,439 (1,012) 427 Trade name 3.0 3,800 (105) 3,695 Non-compete agreements 3.0 1,100 (31) 1,069 $ 40,736 $ (11,784) $ 28,952 2021 Client relationships 14.8 $ 21,431 $ (10,216) $ 11,215 Internally developed software 5.8 1,439 (743) 696 $ 22,870 $ (10,959) $ 11,911
Goodwill impairment loss	$ 0	$ 3,400	$ 3,403
Amortization expense	$ 1,889	$ 1,624	$ 1,721
Estimated Amortization Expense for Intangible Assets over the Next Five Years	Estimated amortization expense for intangible assets over the next five years, and thereafter, is as follows (in thousands): For the year ending December 31, Estimated Amortization Expense 2023 $ 4,171 2024 4,095 2025 3,939 2026 2,293 2027 2,293 Thereafter 12,161

Balance Sheet Components (Table

Balance Sheet Components (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and Equipment	The following table reflects information about our property and equipment as of December 31, 2022 and 2021 (in thousands): As of December 31, 2022 2021 Leasehold improvements $ 4,921 $ 4,956 Furniture and fixtures 2,786 2,590 Computer hardware and office equipment 3,317 3,205 Accumulated depreciation (9,196) (8,637) Property and equipment, net $ 1,828 $ 2,114

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income (Loss) Before Income Taxes by Jurisdiction	Income (loss) before income taxes by jurisdiction was as follows (in thousands): Years ended December 31, 2022 2021 2020 U.S. $ (5,112) $ 13,989 $ (5,861) Canada (83) 14 (1,727) Total $ (5,195) $ 14,003 $ (7,588)
Difference between the Federal Corporate Tax Rate and the Effective Tax Rate	The difference between the Federal corporate tax rate and the effective tax rate is comprised of the following (in thousands). Years ended December 31, 2022 2021 2020 Income tax provision computed at US federal statutory rate $ (1,091) 21.0 % $ 2,935 21.0 % $ (1,593) 21.0 % Canadian rate differential 87 (1.7) — — — — State and local income taxes, net of federal income taxes 128 (2.5) 372 2.7 91 (1.2) Amended state returns — — — — (555) 7.3 Stock-based compensation 319 (6.1) 859 6.1 683 (9.0) Tax on repatriation — — — — 1,378 (18.1) Nondeductible currency losses — — — — 910 (12.0) Impairment expense — — — — 398 (5.2) Compensation subject to Section 162(m) — — 180 1.3 42 (0.6) Other, net (10) 0.2 (106) (0.8) 5 (0.1) Total income tax expense $ (567) 10.9 % $ 4,240 30.3 % $ 1,359 (17.9) % Effective income tax rate 10.9 % 30.3 % (17.9) %
Income Tax Provision (Benefit) as Set Forth in the Consolidated Statements of Income	Income tax provision as set forth in the Consolidated Statements of Comprehensive Income (Loss) consisted of the following components (in thousands): Years ended December 31, 2022 2021 2020 Current taxes: U.S. Federal $ 14 $ 3,482 $ 1,350 State and local 237 356 (534) Foreign 98 (218) (211) Total current taxes 349 3,620 605 Deferred taxes: U.S. Federal (888) 446 500 State and local (44) 30 44 Foreign 16 144 210 Total deferred taxes (916) 620 754 Total income tax provision $ (567) $ 4,240 $ 1,359
Deferred Tax Assets and Deferred Tax Liabilities	The tax effects of temporary differences that give rise to the deferred tax assets and deferred tax liabilities are presented below (in thousands). As of December 31, 2022 2021 Deferred tax assets: Stock-based compensation expense $ 1,138 $ 893 Deferred rent 1,330 1,344 Compensation and benefits payable 1,328 1,946 Federal unrecognized tax benefit 4 5 Deferred compensation 446 171 Acquisition expenses 841 — Other 9 11 Total deferred tax assets 5,096 4,370 Deferred tax liabilities: Property and equipment (186) (223) Intangibles (1,593) (1,256) Unrealized gains on investments (318) (790) Leases (1,214) (1,232) Other (23) (21) Total deferred tax liabilities (3,334) (3,522) Net deferred tax assets $ 1,762 $ 848
Schedule of Unrecognized Tax Benefits Roll Forward	A reconciliation of the change in recorded uncertain tax positions during the years ended December 31, 2022 and 2021 follows (in thousands): Balance at December 31, 2020 $ 179 Additions for tax positions related to the current year 10 Reductions for tax positions related to prior years (164) Balance at December 31, 2021 25 Reductions for tax positions related to prior years (4) Balance at December 31, 2022 $ 21

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	Sales taxes are excluded from revenues. The following table presents our revenue disaggregated by account type (in thousands). In 2021, we recast certain prior year revenues related to performance fees. Year Ended December 31, 2022 2021 2020 Advisory Fees: Institutional $ 26,653 $ 31,069 $ 28,878 Mutual Funds 20,245 17,507 11,488 Wealth Management 805 686 470 Trust Fees 21,686 24,131 23,929 Other (708) (339) 346 Total revenues $ 68,681 $ 73,054 $ 65,111
Revenue Disaggregation by Geographic Location [Table Text Block]	We have clients in various locations around the world. The following table presents our revenue disaggregated by our clients' geographical locations (in thousands): Year Ended December 31, 2022 Advisory Trust Performance-based Other Total Canada $ 1,171 $ — $ — $ — $ 1,171 U.S. 45,514 21,686 1,018 (708) 67,510 Total $ 46,685 $ 21,686 $ 1,018 $ (708) $ 68,681 Year Ended December 31, 2021 Advisory Trust Performance-based Other Total Canada 1,163 — — — 1,163 Europe 638 — 262 — 900 U.S. 45,512 24,131 1,687 (339) 70,991 Total $ 47,313 $ 24,131 $ 1,949 $ (339) $ 73,054 Year Ended December 31, 2020 Advisory Trust Performance-based Other Total Asia $ 696 $ — $ — $ — $ 696 Canada 1,505 — — — 1,505 Europe 2,707 — 1,570 — 4,277 U.S. 33,120 23,563 1,604 346 58,633 Total $ 38,028 $ 23,563 $ 3,174 $ 346 $ 65,111

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total Expense Recorded for Stock Based Compensation	The following table presents the total stock-based compensation expense recorded and the total income tax benefit recognized for stock-based compensation arrangements for the years indicated (in thousands): For the years ended December 31, 2022 2021 2020 Service condition restricted stock expense $ 5,729 $ 5,253 $ 6,348 Performance-based restricted stock expense 272 581 1,280 Restricted stock expense under the Plan 6,001 5,834 7,628 Canadian Plan restricted stock expense — — (927) Total stock-based compensation expense $ 6,001 $ 5,834 $ 6,701 Total income tax benefit recognized related to stock-based compensation $ 672 $ 804 $ 953
Profit Sharing and 401(k) Contributions for the Periods	The following table displays our profit-sharing and retirement plan contributions for the periods presented (in thousands): Years ended December 31, 2022 2021 2020 Profit-sharing contributions, net $ — $ 13 $ (233) Retirement plan matching contributions 1,295 1,256 1,410
Restricted Stock Subject Only to a Service Condition
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Status and Changes in Restricted Stock Grants that Subject to Service Condition	The following table details the status and changes in our restricted stock grants that are subject only to a service condition for the year ended December 31, 2022: Number of Shares Weighted Average Non-vested, January 1, 2022 415,494 $ 26.29 Granted 878,150 13.26 Vested (186,386) 28.32 Forfeited (9,250) 30.42 Non-vested, December 31, 2022 1,098,008 $ 15.49
Weighted-Average Grant Date Fair Value for Shares Granted and the Total Fair Value of Shares Vested	The following table shows the weighted-average grant date fair value for shares granted and the total fair value of shares vested during the years indicated: Years ended December 31, 2022 2021 2020 Weighted-average grant date fair value $ 13.26 $ 17.10 $ 27.39 Fair value of shares vested (in thousands) $ 5,278 $ 7,630 $ 7,480
Restricted Shares Subject to Service and Performance Conditions
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Status and Changes in Restricted Stock Grants that Subject to Service Condition	The following table details the status and changes in our restricted stock grants subject to service and performance conditions for the year ended December 31, 2022: Number of Shares Weighted Average Grant Date Fair Value Non-vested, January 1, 2022 16,738 $ 41.97 Vested (10,495) 22.43 Non-vested, December 31, 2022 6,243 $ 37.42
Weighted-Average Grant Date Fair Value for Shares Granted and the Total Fair Value of Shares Vested	The following table shows the total fair value of shares vested during the years indicated: Years ended December 31, 2022 2021 2020 Fair value of shares vested (in thousands) $ 235 $ 913 $ 1,944

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Shares	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share and share amounts): Years ended December 31, 2022 2021 2020 Net income (loss) $ (4,628) $ 9,763 $ (8,947) Weighted average shares outstanding – basic 7,844,363 7,875,395 7,987,554 Dilutive potential shares from unvested restricted shares — 52,577 — Weighted average shares outstanding – diluted 7,844,363 7,927,972 7,987,554 Earnings (loss) per share: Basic $ (0.59) $ 1.24 $ (1.12) Diluted $ (0.59) $ 1.23 $ (1.12)

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities	The following table displays the AUM, the amount of our seed investments that are included in “Investments” and “Investments, at fair value” on the Consolidated Balance Sheets, and the financial risk of loss in each vehicle (in millions): As of December 31, 2022 Assets Under Management Corporate Investment Amount at Risk VIEs/VOEs: Westwood Funds® $ 4,328 $ — $ — Common Trust Funds 715 $ — $ — Private Funds 11 $ 0.3 $ 0.3 Private Equity — $ 7.2 $ 7.2 All other assets: Wealth Management 2,940 Institutional 6,785 Total AUM $ 14,779

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Unrecorded Unconditional Purchase Obligations Disclosure	Payments due in: Total Less than 1 year 1-3 years 4-5 years Thereafter Purchase obligations $ 7,944 $ 4,654 $ 3,290 $ — $ —

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Intersegment Balances	(in thousands) Advisory Trust Westwood Holdings Eliminations Consolidated 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 Expenses: Depreciation and amortization 394 1,603 579 — 2,576 Other operating expenses 33,249 18,336 21,809 (2,416) 70,978 Total expenses 33,643 19,939 22,388 (2,416) 73,554 Net change in unrealized appreciation on private investments (640) (460) (395) — (1,495) Investment income 310 (44) — — 266 Other income — — 907 — 907 Income (loss) before income taxes 15,102 1,579 (21,876) — (5,195) Income tax expense (benefit) 4,040 574 (5,181) — (567) 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 Expenditures for long-lived assets $ 137 $ 84 $ 99 $ — $ 320 Year Ended December 31, 2021 Revenues: Net fee revenues from external sources $ 49,262 $ 24,131 $ — $ — $ 73,393 Net intersegment revenues 2,415 356 — (2,771) — Other revenue (339) — — (339) Total revenues 51,338 24,487 — (2,771) 73,054 Expenses: Depreciation and amortization 167 1,614 615 — 2,396 Other operating expenses 33,249 18,092 16,129 (2,771) 64,699 Total expenses 33,416 19,706 16,744 (2,771) 67,095 Realized gains on private investments 3,524 2,731 2,116 — 8,371 Net change in unrealized appreciation (depreciation) on private investments (757) (587) (453) — (1,797) Investment income 875 (7) — — 868 Other income — — 602 — 602 Income (loss) before income taxes 21,564 6,918 (14,479) — 14,003 Income tax expense (benefit) 4,784 1,262 (1,806) — 4,240 (in thousands) Advisory Trust Westwood Holdings Eliminations Consolidated Net income (loss) $ 16,780 $ 5,656 $ (12,673) $ — $ 9,763 Segment assets $ 222,335 $ 56,965 $ 12,784 $ (152,479) $ 139,605 Segment goodwill $ — $ 16,401 $ — $ — $ 16,401 Expenditures for long-lived assets $ 66 $ 61 $ 51 $ — $ 178 Year Ended December 31, 2020 Revenues: Net fee revenues from external sources $ 40,836 $ 23,929 $ — $ — $ 64,765 Net intersegment revenues 2,338 263 — (2,601) — Net interest and dividend revenue 35 — — — 35 Other revenue 311 — — — 311 Total revenues 43,520 24,192 — (2,601) 65,111 Expenses: Depreciation and amortization 322 1,656 664 — 2,642 Impairment expense 3,403 — — — 3,403 Other operating expenses 34,675 17,398 13,041 (2,601) 62,513 Total expenses 38,400 19,054 13,705 (2,601) 68,558 Net change in unrealized appreciation (depreciation) on private investments (311) (222) (178) — (711) Investment income 552 52 — — 604 Other income — — 135 — 135 Income before income taxes 5,361 4,968 (17,917) — (7,588) Income tax expense (benefit) 3,456 1,977 (4,074) — 1,359 Net income (loss) $ 1,905 $ 2,991 $ (13,843) $ — $ (8,947) Segment assets $ 204,827 $ 54,749 $ 17,247 $ (127,671) $ 149,152 Segment goodwill $ — $ 16,401 $ — $ — $ 16,401 Expenditures for long-lived assets $ 20 $ 24 $ 49 $ — $ 93

Concentration (Tables)

Concentration (Tables)	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Concentration	Years ended December 31, 2022 2021 2020 Advisory fees from our largest client: Asset-based fees $ 2,582 $ 2,682 $ 1,940 Performance-based fees — — 1,607 Percent of fee revenue 3.7 % 3.7 % 5.5 %

Quarterly Financial Data (Table

Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Summary of Quarterly Results of Operations	The following is a summary of unaudited quarterly results of operations for the years ended December 31, 2022 and 2021 (in thousands, except per share amounts): Quarter First Second Third Fourth 2022 Revenues $ 17,216 $ 15,603 $ 15,406 $ 20,456 Income (loss) before income taxes 594 (458) (1,021) (4,313) Net income (loss) 50 (378) (1,175) (3,125) Basic earnings (loss) per common share 0.01 (0.05) (0.15) (0.40) Diluted earnings (loss) per common share 0.01 (0.05) (0.15) (0.40) 2021 Revenues $ 18,319 $ 17,484 $ 17,860 $ 19,391 Income (loss) before income taxes 7,014 1,416 2,360 3,213 Net income (loss) 4,101 970 1,879 2,813 Basic earnings (loss) per common share 0.52 0.12 0.24 0.36 Diluted earnings (loss) per common share 0.52 0.12 0.24 0.36

Leases, Codification Topic 842

Leases, Codification Topic 842 (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity	The maturities of lease liabilities are as follows (in thousands): Year ending December 31, Operating Leases 2023 $ 1,858 2024 1,821 2025 1,886 2026 662 2027 337 Thereafter 606 Total undiscounted lease payments $ 7,170 Less: discount (1,105) Total lease liabilities $ 6,065
Lease, Cost	The following table presents the components of lease costs related to our leases (amounts in thousands): Years Ended December 31, 2022 2021 2020 Operating lease costs $ 1,682 $ 1,655 $ 2,033 Sublease income 771 602 135 The following table presents supplemental cash flow information related to our leases (amounts in thousands): Years Ended December 31, 2022 2021 2020 Operating cash flows from operating leases $ 1,762 $ 1,990 $ 2,091 Right-of-use assets obtained in exchange for lease obligations $ 1,217 $ — $ 59
Lessee, Operating Lease, Disclosure	The following table presents information regarding our operating leases (in thousands, except years and rates): December 31, 2022 2021 Operating lease right-of-use assets $ 4,976 $ 4,868 Operating lease liabilities $ 1,502 $ 1,409 Non-current lease liabilities 4,563 4,724 Total lease liabilities $ 6,065 $ 6,133 Weighted-average remaining lease term (in years) 4.1 4.1 Weighted-average discount rate 5.6 % 5.0 %

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	18,900

Description of the Business (De

Description of the Business (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted Stock Award, Forfeitures	$ (1.3)

Description of the Business (_2

Description of the Business (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property and equipment, net of accumulated depreciation of $9,277 and $8,637		$ 1,828	$ 2,114
Accounts Payable and Accrued Liabilities, Current		(5,678)	(2,637)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ (711)
Goodwill	$ 16,401	35,732	16,401
Intangible assets, net		28,952	11,911
Other current assets		$ 4,645	$ 2,246

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2022 USD ($) reporting_units	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule Of Significant Accounting Policies [Line Items]
Provision for income taxes	$ (567,000)	$ 4,240,000	$ 1,359,000
Foreign Currency Transaction Gain (Loss), before Tax	$ 0	0	1,184,000
Number of reporting units | reporting_units	2
Goodwill impairment loss	$ 0	3,400,000	3,403,000
Valuation allowance	0
Uncertain tax position	21,000	25,000	$ 179,000
Unrecognized tax benefits	$ 4,000	$ 5,000
Effective Income Tax Rate Reconciliation, Percent	10.90%	30.30%	(17.90%)
Foreign Currency Translation Adjustment, Description			4.2 million
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax		$ 1,200,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax			$ 4,169,000
seed money investment	$ 7,300,000	$ 57,200,000
Furniture and fixtures | Minimum [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets	3 years
Furniture and fixtures | Maximum [Member]
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets	7 years
Leasehold improvements
Schedule Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets	lesser of the estimated useful life or lease term

Summary of Significant Accoun_3

Summary of Significant Accounting Policies New Accounting Pronouncements or Change in Accounting Principle (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes	$ (567,000)	$ 4,240,000	$ 1,359,000
Effective Income Tax Rate Reconciliation, Percent	10.90%	30.30%	(17.90%)
Operating Lease, Right-of-Use Asset	$ 4,976,000	$ 4,868,000
Operating Lease, Payments	1,762,000	1,990,000	$ 2,091,000
Operating Lease, Liability, Noncurrent	4,563,000	4,724,000
Operating Lease, Liability, Current	$ 1,502,000	$ 1,409,000

Investments (Trading Securities

Investments (Trading Securities FV) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investment balances
Cost	$ 16,121	$ 65,158
Gross Unrealized Gains	143	364
Gross Unrealized Losses	(922)	(498)
Investments in trading securities	15,342	65,024
Trading Securities, Unrealized Holding Gain	143	364
Trading Securities, Unrealized Holding Loss	922	498
Trading Securities, Cost	16,121	65,158
Investment Owned, at Cost	19,861	68,843
Investments in trading securities	15,342	65,024
Unrealized Gain on Securities	143	1,313
Unrealized Loss on Securities	(1,635)	(619)
Investment Owned, at Fair Value	18,369	69,537
Unrealized Gain (Loss) on Investments	(1,495)	(1,797)	$ (711)
U.S. Government and Government agency obligations
Investment balances
Cost	5,728	39,926
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(389)	(491)
Investments in trading securities	5,339	39,435
Trading Securities, Unrealized Holding Gain	0	0
Trading Securities, Unrealized Holding Loss	389	491
Trading Securities, Cost	5,728	39,926
Investments in trading securities	5,339	39,435
Money market funds
Investment balances
Cost	4,093	19,661
Gross Unrealized Gains	111	0
Gross Unrealized Losses	0	0
Investments in trading securities	4,204	19,661
Trading Securities, Unrealized Holding Gain	111	0
Trading Securities, Unrealized Holding Loss	0	0
Trading Securities, Cost	4,093	19,661
Investments in trading securities	4,204	19,661
Equity funds
Investment balances
Cost	4,863	4,135
Gross Unrealized Gains	32	158
Gross Unrealized Losses	(446)	(7)
Investments in trading securities	4,449	4,286
Trading Securities, Unrealized Holding Gain	32	158
Trading Securities, Unrealized Holding Loss	446	7
Trading Securities, Cost	4,863	4,135
Investments in trading securities	4,449	4,286
Private investment fund
Investment balances
Investment Owned, at Cost	3,475	265
Unrealized Gain on Securities	0	0
Unrealized Loss on Securities	(683)	(121)
Investment Owned, at Fair Value	2,792	144
Private equity
Investment balances
Gross Unrealized Losses	(30)	0
Trading Securities, Unrealized Holding Loss	30	0
Investment Owned, at Cost	265	3,420
Unrealized Gain on Securities	0	949
Investment Owned, at Fair Value	235	4,369
Equity Securities
Investment balances
Cost		1,296
Gross Unrealized Gains		206
Gross Unrealized Losses		0
Investments in trading securities		1,502
Trading Securities, Unrealized Holding Gain		206
Trading Securities, Unrealized Holding Loss		0
Trading Securities, Cost		1,296
Investments in trading securities		1,502
Debt Securities, Trading, Amortized Cost	1,278
Debt Securities, Trading, Unrealized Gain	0
Debt Securities, Trading, Unrealized Loss	(65)
Debt Securities, Trading	1,213
us-gaap_EquitySecuritiesMember
Investment balances
Debt Securities, Trading, Amortized Cost	159	140
Debt Securities, Trading, Unrealized Gain	0	0
Debt Securities, Trading, Unrealized Loss	(22)	0
Debt Securities, Trading	$ 137	$ 140

Investments (Other Revenue) (De

Investments (Other Revenue) (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Realized gains	$ 1	$ 41	$ 110
Realized losses	(363)	(212)	(116)
Net realized gains (losses)	(362)	(171)	(6)
Income tax expense from gains (losses)	(76)	(36)	(1)
Interest income – trading	414	716	786
Dividend income	90	35	101
Gain (Loss) on Investments	(2,131)	923
Unrealized gains/(losses)	$ (2,136)	$ (1,845)	$ (1,056)

Investments (Details Textual)

Investments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2019	May 31, 2018
Schedule Of Investments [Line Items]
Corporate Investment	$ 15,342	$ 65,024
Unrealized Gain on Securities	143	1,313
Unrealized gains (losses) on private investments	(1,600)	900
Investments, All Other Investments [Abstract]
Realized Investment Gains (Losses)	0	8,371
Investments	4,400
Unrealized Gain (Loss) on Investments	(1,495)	(1,797)	$ (711)
Cost-method Investments, Realized Gains	8,400
Equity Method Investment, Ownership Percentage				78.70%	47.50%	31.20%
Unrealized Gain (Loss) on Investments	(1,495)	(1,797)	$ (711)
Long-term Investments	4,455	4,455
Unrealized Gain on Securities	143	1,313
Long Term Investments, Cost, in a private company.								$ 5,400
Long Term Investment, at Cost, in a private investment fund							$ 300
Unrealized gain on private equity investment	500
Unrealized gains (losses) on private investments	$ (1,600)	$ 900

Investments Private Equity Inve

Investments Private Equity Investment (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Long-term Investments	$ 4,455	$ 4,455

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investment Owned, at Cost		$ 19,861			$ 68,843
Schedule Of Investments [Line Items]
Trading Securities, Cost		16,121			65,158
Equity Method Investments		6,574			$ 0
Equity Method Investment, Ownership Percentage	78.70%		47.50%	31.20%
Zarvona Energy Fund II-A, L.P. [Domain]
Schedule Of Investments [Line Items]
Equity Method Investments		700
Equity Method Investment, Ownership Percentage			0.50%
Broadmark Asset Management LLC [Domain]
Schedule Of Investments [Line Items]
Equity Method Investments		2,417
Equity Method Investment, Ownership Percentage			47.50%
Salient MLP Total Return Fund, L.P. [Domain]
Schedule Of Investments [Line Items]
Equity Method Investments		11
Equity Method Investment, Ownership Percentage			0%
Salient MLP Total Return TE Fund, L.P. [Domain]
Schedule Of Investments [Line Items]
Equity Method Investments		8
Equity Method Investment, Ownership Percentage			0.20%
Total [Domain]
Schedule Of Investments [Line Items]
Equity Method Investments		6,574
Zarvona Energy Fund GP, L.P. [Domain]
Schedule Of Investments [Line Items]
Equity Method Investments		$ 3,438
Equity Method Investment, Ownership Percentage			50%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Levels) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments in securities:
Investments in trading securities	$ 15,342	$ 65,024
Total assets measured at fair value	18,369	69,537
Asset Acquisition, Consideration Transferred, Contingent Consideration	$ 12,900
Unobservable input - revenue retention discount rate - minimum	12.50%
Unobservable input - revenue retention discount rate - maximum	13%
Unobservable input - revenue retention volatility - maximum	16.10%
Unobservable input - revenue retention volatility - minimum	6.10%
Unobservable input - revenue retention discount rate - weighted average	12.75%
Unobservable input - revenue retention volatility - weighted average	11.10%
Unobservable input - growth discount rate - weighted average	12.75%
Unobservable input - growth discount rate - maximum	13%
Unobservable input - growth discount rate - minimum	12.50%
Unobservable input - growth volatility - weighted average	11.10%
Unobservable input - growth volatility - maximum	16.10%
Unobservable input - growth volatility - minimum	6.10%
Alternative Investment	$ 2,800
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,792	4,369	$ 3,431
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)	(1,577)	938
Alternative Investment	2,800
Private Equity Investments [Member]
Investments in securities:
Equity Securities, FV-NI	2,792	4,369
Private equity
Investments in securities:
Equity Securities, FV-NI	235	144
Contingent Consideration Type [Domain]
Investments in securities:
Asset Acquisition, Consideration Transferred, Contingent Consideration	12,901
Level 1
Investments in securities:
Investments in trading securities	15,342	65,024
Total assets measured at fair value	15,342	65,024
Level 1 | Private Equity Investments [Member]
Investments in securities:
Equity Securities, FV-NI	0	0
Level 1 | Private equity
Investments in securities:
Equity Securities, FV-NI	0	0
Level 2
Investments in securities:
Investments in trading securities	0	0
Total assets measured at fair value	0	0
Level 2 | Private Equity Investments [Member]
Investments in securities:
Equity Securities, FV-NI	0	0
Level 2 | Private equity
Investments in securities:
Equity Securities, FV-NI	0	0
Level 3
Investments in securities:
Investments in trading securities	0	0
Total assets measured at fair value	2,792	4,369
Level 3 | Private Equity Investments [Member]
Investments in securities:
Equity Securities, FV-NI	2,792	4,369
Level 3 | Private equity
Investments in securities:
Equity Securities, FV-NI	0	0
Level 3 | Contingent Consideration Type [Domain]
Investments in securities:
Asset Acquisition, Consideration Transferred, Contingent Consideration	12,901
Fair Value Measured at Net Asset Value Per Share | Private Equity Investments [Member]
Investments in securities:
Equity Securities, FV-NI	0	0
Fair Value Measured at Net Asset Value Per Share | Private equity
Investments in securities:
Equity Securities, FV-NI	235	144
Inputs, Net Asset Value [Member]
Investments in securities:
Investments in trading securities	0	0
Total assets measured at fair value	$ 235	$ 144

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in goodwill
Beginning balance	$ 16,401,000	$ 16,401,000
Goodwill Acquired	19,331,000
Goodwill, Written off Related to Sale of Business Unit	19,331,000
Ending balance	35,732,000	16,401,000	$ 16,401,000
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	40,736,000	22,870,000
Goodwill, Written off Related to Sale of Business Unit	(19,331,000)
Amortization of intangible assets	1,889,000	1,624,000	1,721,000
General and Administrative Expense [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,900,000	$ 1,600,000	$ 1,700,000
Trade Names [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (years)	3 years
Gross Carrying Amount	$ 3,800,000
Internally developed software
Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (years)	5 years 9 months 18 days	5 years 9 months 18 days
Gross Carrying Amount	$ 1,439,000	$ 1,439,000

Intangible Assets (Details 1)

Intangible Assets (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,889,000	$ 1,624,000	$ 1,721,000
Summary of intangible assets
Gross Carrying Amount	40,736,000	22,870,000
Accumulated Amortization	(11,784,000)	(10,959,000)
Net Carrying Amount	$ 28,952,000	$ 11,911,000
Customer Relationships [Member]
Summary of intangible assets
Weighted Average Amortization Period (years)	15 years	14 years 9 months 18 days
Gross Carrying Amount	$ 34,397,000	$ 21,431,000
Accumulated Amortization	(10,636,000)	(10,216,000)
Net Carrying Amount	$ 23,761,000	$ 11,215,000
Trade Names [Member]
Summary of intangible assets
Weighted Average Amortization Period (years)	3 years
Gross Carrying Amount	$ 3,800,000
Accumulated Amortization	(105,000)
Net Carrying Amount	$ 3,695,000
Noncompete Agreements [Member]
Summary of intangible assets
Weighted Average Amortization Period (years)	3 years
Gross Carrying Amount	$ 1,100,000
Accumulated Amortization	(31,000)
Net Carrying Amount	$ 1,069,000
Internally developed software
Summary of intangible assets
Weighted Average Amortization Period (years)	5 years 9 months 18 days	5 years 9 months 18 days
Gross Carrying Amount	$ 1,439,000	$ 1,439,000
Accumulated Amortization	(1,012,000)	(743,000)
Net Carrying Amount	427,000	696,000
General and Administrative Expense [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,900,000	$ 1,600,000	$ 1,700,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Estimated Amortization) (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Estimated amortization expense for intangible assets for the next five years
2019	$ 4,171
2020	4,095
2021	3,939
2022	2,293
2023	2,293
Finite-lived intangibles, expected amortization, thereafter	$ 12,161

Balance Sheet Components (Detai

Balance Sheet Components (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property and equipment
Accumulated depreciation	$ (9,196)	$ (8,637)
Net property and equipment	1,828	2,114
Leasehold improvements
Property and equipment
Property and equipment cost	4,921	4,956
Furniture and fixtures
Property and equipment
Property and equipment cost	2,786	2,590
Computer hardware and office equipment
Property and equipment
Property and equipment cost	$ 3,317	$ 3,205

Balance Sheet Components (Det_2

Balance Sheet Components (Details 1)	12 Months Ended
	Dec. 31, 2022 USD ($)
Components of accumulated other comprehensive loss
Treasury Stock, Value, Acquired, Cost Method	$ 700,000

Income Taxes (by jurisdiction)

Income Taxes (by jurisdiction) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income (loss) before income taxes by jurisdiction
U.S.									$ (5,112)	$ 13,989	$ (5,861)
Canada									(83)	14	(1,727)
Income (loss) before income taxes	$ (4,313)	$ (1,021)	$ (458)	$ 594	$ 3,213	$ 2,360	$ 1,416	$ 7,014	$ (5,195)	$ 14,003	$ (7,588)

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Tax Reform [Line Items]
Prepaid Taxes	$ 446	$ 233
U.S. Federal corporate tax rate	21%	21%	21%
Uncertain tax position	$ 21	$ 25	$ 179
Additions for tax positions related to the current year			10
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	0	$ 0	$ 1,378
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 200

Income Taxes (Effective tax rat

Income Taxes (Effective tax rate reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Difference between the Federal corporate tax rate and the effective tax rate
Income tax provision computed at US federal statutory rate	$ (1,091)	$ 2,935	$ (1,593)
Canadian rate differential	87	0	0
Other, net	(10)	(106)	5
Income tax expense (benefit)	$ (567)	$ 4,240	$ 1,359
Income tax provision computed at US federal statutory rate, effective tax rate	21%	21%	21%
Canadian rate differential, effective tax rate	(1.70%)	0%	0%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$ 128	$ 372	$ 91
State and local income taxes, net of federal income taxes, effective tax rate	(2.50%)	2.70%	(1.20%)
Effective Income Tax Rate Reconciliation, Tax Settlement, State and Local, Amount	$ 0	$ 0	$ (555)
Effective Income Tax Rate Reconciliation, Tax Settlement, Percent	0%	0%	7.30%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ 0	$ 0	$ 1,378
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent	0%	0%	(18.10%)
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	0%	0%	(12.00%)
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	$ 0	$ 0	$ 910
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent	0%	0%	(5.20%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount	$ 0	$ 0	$ 398
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent	0%	1.30%	(0.60%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	$ 0	$ 180	$ 42
Other, net, effective tax rate	0.20%	(0.80%)	(0.10%)
Effective income tax rate	10.90%	30.30%	(17.90%)
State and local income taxes, net of federal income taxes, effective tax rate	(2.50%)	2.70%	(1.20%)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 2,792	$ 4,369	$ 3,431
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount	$ 319	$ 859	$ 683
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent	(6.10%)	6.10%	(9.00%)
Effective Income Tax Rate Reconciliation, Tax Contingency, Amount [Abstract]
Income tax provision computed at US federal statutory rate, effective tax rate	21%	21%	21%
Canadian rate differential, effective tax rate	(1.70%)	0%	0%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ 0	$ 0	$ 1,378
Other, net, effective tax rate	0.20%	(0.80%)	(0.10%)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$ 128	$ 372	$ 91

Income Taxes (Provision Compone

Income Taxes (Provision Components) (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current taxes:
U.S. Federal	$ 14	$ 3,482	$ 1,350
State and local	237	356	(534)
Foreign	98	(218)	(211)
Total current taxes	349	3,620	605
Deferred taxes:
U.S. Federal	(888)	446	500
State and local	(44)	30	44
Foreign	16	144	210
Total deferred taxes	(916)	620	754
Income tax expense (benefit)	$ (567)	$ 4,240	$ 1,359

Income Taxes (Deferred Taxes) (

Income Taxes (Deferred Taxes) (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Stock-based compensation expense	$ 1,138	$ 893
Deferred rent	1,330	1,344
Compensation and benefits payable	1,328	1,946
Federal unrecognized tax benefit	4	5
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	446	171
Deferred Other Tax Expense (Benefit)	841	0
Other	9	11
Total deferred tax assets	5,096	4,370
Deferred tax liabilities:
Property and equipment	(186)	(223)
Intangibles	(1,593)	(1,256)
Unrealized gains on investments	(318)	(790)
Total deferred tax liabilities	(3,334)	(3,522)
Net deferred tax assets	1,762	848
Deferred Tax Liabilities, Leasing Arrangements	(1,214)	(1,232)
Deferred Tax Liabilities, Other	$ (23)	$ (21)

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Net deferred tax assets and liabilities are reflected on our balance sheet
Net deferred tax assets	$ 1,762	$ 848

Income Taxes Income Taxes (Unce

Income Taxes Income Taxes (Uncertain Tax Positions) (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at January 1, 2017	$ 25	$ 179
Additions for tax positions related to the current year			$ 10
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(4)	(164)
Balance at December 31, 2020	$ 21	$ 25	$ 179

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Details) $ in Millions	Dec. 31, 2022 USD ($)
Banking and Thrift [Abstract] (Deprecated 2020-01-31)
Banking Regulation, Tangible Capital, Minimum	$ 4
Banking Regulation, Tangible Capital, Excess, Actual	$ 21.2

Revenue Revenue Disaggregated (

Revenue Revenue Disaggregated (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Advisory Fee Revenues Our advisory fees are generated by Westwood Management and Westwood International Advisors (prior to its closure, effective September 30, 2020), for managing client accounts under investment advisory and sub-advisory agreements. Advisory fees are typically calculated based on a percentage of AUM and AUA, and are paid in accordance with the terms of the agreements. Advisory fees are paid quarterly in advance based on AUM on the last day of the preceding quarter, quarterly in arrears based on AUM on the last day of the quarter just ended or are based on a daily or monthly analysis of AUM for the stated period. We recognize advisory fee revenues as services are rendered. Since our advance paying clients' billing periods coincide with the calendar quarter to which such payments relate, revenue is recognized within the quarter and our Consolidated Financial Statements contain no deferred advisory fee revenues. Advisory clients typically consist of institutional and mutual fund accounts. Institutional investors include separate accounts of (i) corporate pension and profit sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals; (ii) sub-advisory relationships where Westwood provides investment management services for funds offered by other financial institutions; (iii) pooled investment vehicles, including the UCITS Fund and collective investment trusts; and (iv) managed account relationships with brokerage firms and other registered investment advisors that offer Westwood products to their customers. The UCITS Fund was liquidated in June 2020. Mutual funds include the Westwood Funds®, a family of mutual funds for which Westwood Management serves as advisor. These funds are available to individual investors, as well as offered as part of our suite of investment strategies for institutional investors and wealth management accounts. Arrangements with Performance-Based Obligations A limited number of our advisory clients have a contractual performance-based fee component in their contracts, which generates additional revenues if we outperform a specified index over a specific period of time, and a limited number of our mutual fund offerings have fees that generate additional revenues if we outperform specified indices over specific periods of time. The revenue is based on future market performance and is subject to many factors outside our control. We cannot conclude that a significant reversal in the cumulative amount of revenue recognized will not occur during the measurement period, and therefore the revenue is recorded at the end of the measurement period when the performance obligation has been satisfied. Trust Fee Revenues Our trust fees are generated by Westwood Trust pursuant to trust or custodial agreements. Trust fees are separately negotiated with each client and are generally based on a percentage of AUM. Westwood Trust also provides trust services to a small number of clients on a fixed fee basis. The fees for most of our trust clients are calculated quarterly in arrears, based on a daily average of AUM for the quarter, or monthly, based on the month-end value of AUM. Since billing periods for most of Westwood Trust’s clients coincide with the calendar quarter, revenue is fully recognized within the quarter and our Consolidated Financial Statements contain no deferred fee revenues. Revenue Disaggregated Sales taxes are excluded from revenues. The following table presents our revenue disaggregated by account type (in thousands). In 2021, we recast certain prior year revenues related to performance fees. Year Ended December 31, 2022 2021 2020 Advisory Fees: Institutional $ 26,653 $ 31,069 $ 28,878 Mutual Funds 20,245 17,507 11,488 Wealth Management 805 686 470 Trust Fees 21,686 24,131 23,929 Other (708) (339) 346 Total revenues $ 68,681 $ 73,054 $ 65,111 We have clients in various locations around the world. The following table presents our revenue disaggregated by our clients' geographical locations (in thousands): Year Ended December 31, 2022 Advisory Trust Performance-based Other Total Canada $ 1,171 $ — $ — $ — $ 1,171 U.S. 45,514 21,686 1,018 (708) 67,510 Total $ 46,685 $ 21,686 $ 1,018 $ (708) $ 68,681 Year Ended December 31, 2021 Advisory Trust Performance-based Other Total Canada 1,163 — — — 1,163 Europe 638 — 262 — 900 U.S. 45,512 24,131 1,687 (339) 70,991 Total $ 47,313 $ 24,131 $ 1,949 $ (339) $ 73,054 Year Ended December 31, 2020 Advisory Trust Performance-based Other Total Asia $ 696 $ — $ — $ — $ 696 Canada 1,505 — — — 1,505 Europe 2,707 — 1,570 — 4,277 U.S. 33,120 23,563 1,604 346 58,633 Total $ 38,028 $ 23,563 $ 3,174 $ 346 $ 65,111
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (68,681)	$ (73,054)	$ (65,111)
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(67,510)	(70,991)	(58,633)
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		(900)	(4,277)
CANADA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(1,171)	(1,163)	(1,505)
Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			(696)
Other Revenue Misc Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	708	339	(346)
Other Revenue Misc Services [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	708	339	(346)
Other Revenue Misc Services [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		0	0
Other Revenue Misc Services [Member] | CANADA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0	0
Other Revenue Misc Services [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0
performance fee [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(1,018)	(1,949)	(3,174)
performance fee [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(1,018)	(1,687)	(1,604)
performance fee [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		(262)	(1,570)
performance fee [Member] | CANADA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0	0
performance fee [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0
Trust Fee [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(21,686)	(24,131)	(23,563)
Trust Fee [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(21,686)	(24,131)	(23,563)
Trust Fee [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		0	0
Trust Fee [Member] | CANADA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0	0
Trust Fee [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0
Investment Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(46,685)	(47,313)	(38,028)
Investment Advisory Services [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(45,514)	(45,512)	(33,120)
Investment Advisory Services [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax		(638)	(2,707)
Investment Advisory Services [Member] | CANADA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(1,171)	(1,163)	(1,505)
Investment Advisory Services [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			(696)
Advisory [Member] | Other Revenue Misc Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	708	339	(346)
Advisory [Member] | Investment Advisory Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(26,653)	(31,069)	(28,878)
Advisory [Member] | Mutual Fund Advisory [Member] [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(20,245)	(17,507)	(11,488)
Advisory [Member] | Private Wealth Advisory [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(805)	(686)	(470)
Trust [Member] | Trust Fee [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (21,686)	$ (24,131)	$ (23,929)

Employee Benefits (Details Text

Employee Benefits (Details Textual) - USD ($)		12 Months Ended
	Nov. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized		250,000
Amount of shares purchased in the open market		$ 2,851,000	$ 2,990,000	$ 12,952,000
Dividends payable		1,745,000	1,800,000
Accrued dividends		701,000	1,133,000
Accrued liability		400,000
Stock-based compensation expense		6,001,000	5,835,000	6,701,000
Amortization of intangible assets		1,889,000	1,624,000	1,721,000
Mutual fund incentive award expense		$ 600,000
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 468,000
Stock Repurchased During Period, Shares		27,474
Treasury Stock, Value, Acquired, Cost Method		$ 700,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		56,625
Restricted Stock Award, Forfeitures		$ (1,300,000)
General and Administrative Expense [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amortization of intangible assets		$ 1,900,000	$ 1,600,000	$ 1,700,000
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total number of shares that may be issued under the stock based compensation Plan (including predecessor plans to the Plan)		5,898,100
Shares remain available for issuance		157,000
Vested, shares		186,386
Remaining unrecognized compensation cost		$ 12,100,000
Remaining unrecognized compensation cost recognized over a remaining weighted average period		1 year
Number of vested shares from employees on the date vesting		37,603
Nonvested restricted shares (in shares)		1,098,008	415,494
Restricted Stock | Employee
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted shares granted to employees vesting period		3 years
Restricted Stock | Director
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted shares granted to employees vesting period		1 year
Mutual Fund [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Mutual fund vesting period		2 years
Benefit Plans [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		4 years
Percentage of compensation		6%

Employee Benefits (Stock Comp E

Employee Benefits (Stock Comp Expense Summary table) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Employee Benefits and Share-based Compensation		$ 5,834
Stock-based compensation expense	$ 6,001	5,835	$ 6,701
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total income tax benefit recognized related to stock-based compensation	672	804	953
Restricted Stock | Service condition restricted stock expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Add: Restricted stock expense	5,729	5,253	6,348
Restricted Stock | Performance-based restricted stock expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Add: Restricted stock expense	272	581	1,280
Restricted Stock | Restricted stock expense under the Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Add: Restricted stock expense	6,001	5,834	7,628
Restricted Stock | Canadian Plan restricted stock expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Add: Restricted stock expense	$ 0	$ 0	$ (927)

Employee Benefits (Details 1)

Employee Benefits (Details 1) - Restricted Shares Subject Only to a Service Condition	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted shares subject only to a service condition:
Non-vested, January 1, 2015 (in shares) | shares	415,494
Granted (in shares) | shares	878,150
Vested (in shares) | shares	(186,386)
Forfeited (in shares) | shares	(9,250)
Non-vested, December 31, 2015 (in shares) | shares	1,098,008
Non-vested, January 1, 2015 (in dollars per share) | $ / shares	$ 26.29
Granted (in dollars per share) | $ / shares	13.26
Vested (in dollars per share) | $ / shares	28.32
Forfeited (in dollars per share) | $ / shares	30.42
Non-vested, December 31, 2015 (in dollars per share) | $ / shares	$ 15.49

Employee Benefits (Service Gran

Employee Benefits (Service Grants and Vests) (Details) - Service condition restricted stock expense - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Weighted-average grant date fair value for shares granted and the total fair value of shares vested
Weighted-average grant date fair value (in dollars per share)	$ 13.26	$ 17.10	$ 27.39
Fair value of shares vested (in thousands)	$ 5,278	$ 7,630	$ 7,480

Employee Benefits (Performance

Employee Benefits (Performance Grants and Vests) (Details) - Restricted Shares Subject to Service and Performance Conditions - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	6,243	16,738
Vested (in dollars per share)	$ 22.43
Weighted-average grant date fair value for shares granted and the total fair value of shares vested
Fair value of shares vested (in thousands)	$ 235	$ 913	$ 1,944
Vested, shares	10,495
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 37.42	$ 41.97

Employee Benefits (Profit Shari

Employee Benefits (Profit Sharing and 401k) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit sharing and 401(k) contributions for the periods
Profit-sharing contributions, net	$ 0	$ 13	$ (233)
Retirement plan matching contributions	$ 1,295	$ 1,256	$ 1,410

Earnings Per Share (Anti-diluti

Earnings Per Share (Anti-dilutive Shares) (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive restricted shares or options	120,000	116,000	381,000

Earnings Per Share (Computaton

Earnings Per Share (Computaton of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Computation of Basic and Diluted Shares
Net income (loss)	$ (3,125)	$ (1,175)	$ (378)	$ 50	$ 2,813	$ 1,879	$ 970	$ 4,101	$ (4,628)	$ 9,763	$ (8,947)
Weighted average shares outstanding – basic (in shares)									7,844,363	7,875,395	7,987,554
Dilutive potential shares from unvested restricted shares (in shares)									0	52,577	0
Weighted average shares outstanding – diluted (in shares)									7,844,363	7,927,972	7,987,554
Earnings per share:
Basic (in dollars per share)	$ (0.40)	$ (0.15)	$ (0.05)	$ 0.01	$ 0.36	$ 0.24	$ 0.12	$ 0.52	$ (0.59)	$ 1.24	$ (1.12)
Diluted (in dollars per share)	$ (0.40)	$ (0.15)	$ (0.05)	$ 0.01	$ 0.36	$ 0.24	$ 0.12	$ 0.52	$ (0.59)	$ 1.23	$ (1.12)

Variable Interest Entities (Det

Variable Interest Entities (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Investments in trading securities	$ 15,342	$ 65,024
Fee revenues from Westwood VIEs	23,200	$ 22,800	$ 19,300
Common Trust Funds
Variable Interest Entity [Line Items]
Investments in trading securities	$ 0

Variable Interest Entities (D_2

Variable Interest Entities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entities
Assets Under Management	$ 14,779,000
Corporate Investment	15,342	$ 65,024
Fee revenues from Westwood VIEs	23,200	$ 22,800	$ 19,300
Westwood Funds
Variable Interest Entities
Assets Under Management	4,328,000
Corporate Investment	0
Amount at Risk	0
Common Trust Funds
Variable Interest Entities
Assets Under Management	715,000
Corporate Investment	0
Amount at Risk	0
Westwood Hospitality Fund I LLC [Member]
Variable Interest Entities
Assets Under Management	11,000
Corporate Investment	300
Amount at Risk	300
Private Equity Investments [Member]
Variable Interest Entities
Assets Under Management	0
Corporate Investment	7,200
Amount at Risk	7,200
Wealth Management
Variable Interest Entities
Assets Under Management	2,940,000
Institutional
Variable Interest Entities
Assets Under Management	$ 6,785,000

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Sublease Income	$ 771,000	$ 602,000	$ 135,000
Related Party Transaction, Expenses from Transactions with Related Party	100,000
Sublease Income	771,000	$ 602,000	135,000
Accounts Receivable, Related Parties	100,000
UCITS Fund
Related Party Transaction [Line Items]
Fees earned from related party			$ 900,000
Trust
Related Party Transaction [Line Items]
Fees earned from related party	$ 300,000

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Future contractual rental payments for non-cancelable operating leases
Purchase Obligation	$ 7,944
Purchase Obligation, to be Paid, Year One	4,654
Purchase Obligation, to be Paid, Year Two	$ 3,290

Segment Reporting (Details Text

Segment Reporting (Details Textual)	12 Months Ended
	Dec. 31, 2022 Segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenue From External Sources									$ 69,389,000	$ 73,393,000	$ 64,765,000
Net intersegment revenues									0	0	0
Interest and Dividend Income, Operating											35,000
Net interest and dividend revenue									266,000	868,000	604,000
Other revenue									(708,000)	(339,000)	311,000
Total revenues	$ 20,456,000	$ 15,406,000	$ 15,603,000	$ 17,216,000	$ 19,391,000	$ 17,860,000	$ 17,484,000	$ 18,319,000	68,681,000	73,054,000	65,111,000
Expenses:
Depreciation and amortization									2,576,000	2,396,000	2,642,000
Goodwill impairment loss									0	3,400,000	3,403,000
Other operating expenses									70,978,000	64,699,000	62,513,000
Total expenses									73,554,000	67,095,000	68,558,000
Realized Investment Gains (Losses)									0	8,371,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal											(711,000)
Income (loss) before income taxes	(4,313,000)	(1,021,000)	(458,000)	594,000	3,213,000	2,360,000	1,416,000	7,014,000	(5,195,000)	14,003,000	(7,588,000)
Income tax expense (benefit)									(567,000)	4,240,000	1,359,000
Net loss	(3,125,000)	$ (1,175,000)	$ (378,000)	$ 50,000	2,813,000	$ 1,879,000	$ 970,000	$ 4,101,000	(4,628,000)	9,763,000	(8,947,000)
Restricted stock expense									6,001,000	5,835,000	6,701,000
Amortization of intangible assets									1,889,000	1,624,000	1,721,000
Deferred taxes on goodwill									(841,000)	0
Assets	146,427,000				139,605,000				146,427,000	139,605,000	149,152,000
Segment goodwill	35,732,000				16,401,000				35,732,000	16,401,000	16,401,000
Expenditures for long-lived assets									320,000	178,000	93,000
Unrealized Gain (Loss) on Investments									(1,495,000)	(1,797,000)	(711,000)
Investment Income, Investment Expense									266,000	868,000	604,000
Other Income									907,000	602,000	135,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax											4,169,000
General and Administrative Expense [Member]
Expenses:
Amortization of intangible assets									1,900,000	1,600,000	1,700,000
Operating Segments | Advisory [Member]
Segment Reporting Information [Line Items]
Revenue From External Sources									47,703,000	49,262,000	40,836,000
Net intersegment revenues									2,080,000	2,415,000	2,338,000
Interest and Dividend Income, Operating											35,000
Other revenue									(708,000)	(339,000)	311,000
Total revenues									49,075,000	51,338,000	43,520,000
Expenses:
Depreciation and amortization									394,000	167,000	322,000
Goodwill impairment loss											3,403,000
Other operating expenses									33,249,000	33,249,000	34,675,000
Total expenses									33,643,000	33,416,000	38,400,000
Realized Investment Gains (Losses)										3,524,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal											(311,000)
Income (loss) before income taxes									15,102,000	21,564,000	5,361,000
Income tax expense (benefit)									4,040,000	4,784,000	3,456,000
Net loss									11,062,000	16,780,000	1,905,000
Assets	283,027,000				222,335,000				283,027,000	222,335,000	204,827,000
Segment goodwill	19,331,000				0				19,331,000	0	0
Expenditures for long-lived assets									137,000	66,000	20,000
Unrealized Gain (Loss) on Investments									(640,000)	(757,000)
Investment Income, Investment Expense									310,000	875,000	552,000
Other Income									0	0	0
Operating Segments | Trust [Member]
Segment Reporting Information [Line Items]
Revenue From External Sources									21,686,000	24,131,000	23,929,000
Net intersegment revenues									336,000	356,000	263,000
Net interest and dividend revenue											0
Other revenue									0	0	0
Total revenues									22,022,000	24,487,000	24,192,000
Expenses:
Depreciation and amortization									1,603,000	1,614,000	1,656,000
Goodwill impairment loss											0
Other operating expenses									18,336,000	18,092,000	17,398,000
Total expenses									19,939,000	19,706,000	19,054,000
Realized Investment Gains (Losses)										2,731,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal											(222,000)
Income (loss) before income taxes									1,579,000	6,918,000	4,968,000
Income tax expense (benefit)									574,000	1,262,000	1,977,000
Net loss									1,005,000	5,656,000	2,991,000
Assets	53,644,000				56,965,000				53,644,000	56,965,000	54,749,000
Segment goodwill	16,401,000				16,401,000				16,401,000	16,401,000	16,401,000
Expenditures for long-lived assets									84,000	61,000	24,000
Unrealized Gain (Loss) on Investments									(460,000)	(587,000)
Investment Income, Investment Expense									(44,000)	(7,000)	52,000
Other Income									0	0	0
Westwood Holdings
Segment Reporting Information [Line Items]
Revenue From External Sources									0	0	0
Net intersegment revenues									0	0	0
Net interest and dividend revenue											0
Other revenue									0	0	0
Total revenues									0	0	0
Expenses:
Depreciation and amortization									579,000	615,000	664,000
Goodwill impairment loss											0
Other operating expenses									21,809,000	16,129,000	13,041,000
Total expenses									22,388,000	16,744,000	13,705,000
Realized Investment Gains (Losses)										2,116,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal											(178,000)
Income (loss) before income taxes									(21,876,000)	(14,479,000)	(17,917,000)
Income tax expense (benefit)									(5,181,000)	(1,806,000)	(4,074,000)
Net loss									(16,695,000)	(12,673,000)	(13,843,000)
Assets	30,308,000				12,784,000				30,308,000	12,784,000	17,247,000
Segment goodwill	0				0				0	0	0
Expenditures for long-lived assets									99,000	51,000	49,000
Unrealized Gain (Loss) on Investments									(395,000)	(453,000)
Investment Income, Investment Expense									0	0	0
Other Income									907,000	602,000	135,000
Eliminations
Segment Reporting Information [Line Items]
Revenue From External Sources									0	0	0
Net intersegment revenues									(2,416,000)	(2,771,000)	(2,601,000)
Net interest and dividend revenue											0
Other revenue									0		0
Total revenues									(2,416,000)	(2,771,000)	(2,601,000)
Expenses:
Depreciation and amortization									0	0	0
Goodwill impairment loss											0
Other operating expenses									(2,416,000)	(2,771,000)	(2,601,000)
Total expenses									(2,416,000)	(2,771,000)	(2,601,000)
Realized Investment Gains (Losses)										0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal											0
Income (loss) before income taxes									0	0	0
Income tax expense (benefit)									0	0	0
Net loss									0	0	0
Assets	(220,552,000)				(152,479,000)				(220,552,000)	(152,479,000)	(127,671,000)
Segment goodwill	$ 0				$ 0				0	0	0
Expenditures for long-lived assets									0	0	0
Unrealized Gain (Loss) on Investments									0	0
Investment Income, Investment Expense									0	0	0
Other Income									$ 0	$ 0	$ 0

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Net Income to Economic Earnings (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
Net loss	$ (3,125)	$ (1,175)	$ (378)	$ 50	$ 2,813	$ 1,879	$ 970	$ 4,101	$ (4,628)	$ 9,763	$ (8,947)
Restricted stock expense									6,001	5,835	6,701
Amortization of intangible assets									$ 1,889	$ 1,624	$ 1,721

Segment Reporting - Property an

Segment Reporting - Property and Equipment, Net by Geographic Area (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net property and equipment	$ 1,828	$ 2,114

Concentration (Details Textual)

Concentration (Details Textual) - Customers	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Customer Concentration Risk
Concentration Risk [Line Items]
Revenue accounted by major clients	22%	22%
Customer Relationships [Member]
Concentration Risk [Line Items]
Revenue accounted by major clients	10%
Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Number of largest clients		10	10

Concentration (Details)

Concentration (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 68,681	$ 73,054	$ 65,111
Customer Concentration Risk
Concentration Risk [Line Items]
Revenue accounted by major clients	22%	22%
Westwood Management | Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Revenue accounted by major clients	3.70%	3.70%	5.50%
Asset Management [Member] | Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,582	$ 2,682	$ 1,940
Investment Performance [Member] | Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 0	$ 0	$ 1,607

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)				12 Months Ended
	Feb. 15, 2023	Nov. 18, 2022	Feb. 20, 2020	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross		$ 468,000
Dividends, Cash	$ 0.15
Payments to Acquire Equity Method Investments				$ 1,600,000
Equity Method Investment, Ownership Percentage				47.50%		78.70%	31.20%
Unrealized Gain on Securities				$ 143,000	$ 1,313,000
Restricted Stock | Subsequent Event
Subsequent Event [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross			$ 5,700,000
Restricted stock issued			468,000

Quarterly Financial Data (Detai

Quarterly Financial Data (Details) - USD ($)		3 Months Ended								12 Months Ended
	Feb. 15, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Total revenues		$ 20,456,000	$ 15,406,000	$ 15,603,000	$ 17,216,000	$ 19,391,000	$ 17,860,000	$ 17,484,000	$ 18,319,000	$ 68,681,000	$ 73,054,000	$ 65,111,000
Income (loss) before income taxes		(4,313,000)	(1,021,000)	(458,000)	594,000	3,213,000	2,360,000	1,416,000	7,014,000	(5,195,000)	14,003,000	(7,588,000)
Net loss		$ (3,125,000)	$ (1,175,000)	$ (378,000)	$ 50,000	$ 2,813,000	$ 1,879,000	$ 970,000	$ 4,101,000	$ (4,628,000)	$ 9,763,000	$ (8,947,000)
Basic earnings per common share (in dollars per share)		$ (0.40)	$ (0.15)	$ (0.05)	$ 0.01	$ 0.36	$ 0.24	$ 0.12	$ 0.52	$ (0.59)	$ 1.24	$ (1.12)
Diluted earnings per common share (in dollars per share)		$ (0.40)	$ (0.15)	$ (0.05)	$ 0.01	$ 0.36	$ 0.24	$ 0.12	$ 0.52	$ (0.59)	$ 1.23	$ (1.12)
Dividends, Cash	$ 0.15

Leases, Codification Topic 84_2

Leases, Codification Topic 842 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Other Long-term Investments	$ 3,027,000	$ 4,513,000
Lessee, Operating Lease, Liability, Payments, Due	1,858,000
Lessee, Operating Lease, Liability, Payments, Due Year Two	1,821,000
Lessee, Operating Lease, Liability, Payments, Due Year Three	1,886,000
Lessee, Operating Lease, Liability, Payments, Due Year Four	662,000
Lessee, Operating Lease, Liability, Payments, Due Year Five	337,000
Lessee, Operating Lease, Liability, Payments, Due after Year Five	606,000
Operating Lease, Payments	1,762,000	1,990,000	$ 2,091,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(1,105,000)
Operating Lease, Liability	6,065,000	6,133,000
Operating Lease, Cost	1,682,000	1,655,000	2,033,000
Sublease Income	771,000	602,000	135,000
Operating Lease, Right-of-Use Asset	4,976,000	4,868,000
Operating Lease, Liability, Current	1,502,000	1,409,000
Operating Lease, Liability, Noncurrent	$ 4,563,000	$ 4,724,000
Operating Lease, Weighted Average Remaining Lease Term	4 years 1 month 6 days	4 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	5.60%	5%
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 1,217,000	$ 0	$ 59,000
Operating Lease, Lease Income, Lease Payments	$ 7,170,000
Lessee, Operating Lease, Discount Rate	7%		5%
Rental Income, Nonoperating	$ 40,000

Business Combinations and Ass_2

Business Combinations and Asset Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Estimated merger consideration	$ 33,400
Asset Acquisition, Consideration Transferred, Contingent Consideration	12,900
Asset Acquisition [Line Items]
Asset Acquisition, Consideration Transferred	46,320
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	28,785
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	3,285
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	6,519
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	81
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	18,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	1,796
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	26,989
Goodwill Acquired	19,331
Asset Acquisition, Consideration Transferred, Contingent Consideration	12,900
Cash Acquired in Excess of Payments to Acquire Business	(534)
Estimated merger consideration	$ 33,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	18,900
Non-compete agreements	$ 1,100
business combinations, recognized intangible	14,000
Trade name	3,800
Closing sate consideration paid in cash	$ 46,300
Finite-Lived Intangible Assets, Remaining Amortization Period	11 years 10 months 24 days
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 5,900
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	3,100
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	(100)
Business Acquisition, Pro Forma Revenue	95,094	$ 99,467
Business Acquisition, Pro Forma Net Income (Loss)	(2,310)	$ (1,664)
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed	7,100
Contingent Consideration Type [Domain]
Business Combination and Asset Acquisition [Abstract]
Asset Acquisition, Consideration Transferred, Contingent Consideration	12,901
Asset Acquisition [Line Items]
Asset Acquisition, Consideration Transferred, Contingent Consideration	12,901
Cash and Cash Equivalents
Asset Acquisition [Line Items]
Closing sate consideration paid in cash	33,953
Other Current Assets
Asset Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	850
Accounts Receivable
Asset Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	2,435
Revenue retention earn-out
Asset Acquisition [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Range of Outcomes, Contingent Consideration, Liability, Value, High	15,000
Growth earn-out
Asset Acquisition [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Range of Outcomes, Contingent Consideration, Liability, Value, High	$ 10,000
Contractual Rights
Asset Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	11 years 1 month 6 days
Trade Names [Member]
Asset Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	7 months 6 days
Other Intangible Assets
Asset Acquisition [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	2 months 12 days