Terry Forbes
Chief Financial Officer at Westwood Holdings Group
Firm wide assets under management and advisement totaled $17,600,000,000 at quarter end, consisting of assets under management of $16,600,000,000 and assets under advisement of $1,000,000,000 Assets under management consisted of institutional assets of $8,300,000,000 or 50% of the total wealth management assets of $4,400,000,000 or 26% of the total and mutual fund assets of $3,900,000,000 or 24% of the total. Over the year, our assets under management experienced net outflows of $800,000,000 and market appreciation of $1,900,000,000 and our assets under advisement experienced net outflows of $211,000,000 and market appreciation of $92,000,000 Our financial position continues to be very solid with cash and liquid investments at quarter end totaling $44,600,000 and a debt free balance sheet. I'm happy to announce that our Board of Directors approved a regular cash dividend of $0.15 per common share payable on 04/01/2025 to stockholders of record on 03/03/2025. That brings our prepared comments to a close. We encourage you to review our investor presentation we have posted on our website reflecting quarterly highlights as well as the discussion of our business, product development and longer term trends in revenues and earnings.