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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Other Revenue, Net $ 534,000 $ (708,000) $ (339,000)
Total revenues 89,781,000 68,681,000 73,054,000
Employee compensation and benefits 52,918,000 40,124,000 42,532,000
Amortization of intangible assets 4,149,000 1,889,000 1,624,000
Unrealized Gain (Loss) on Investments 6,000 (1,495,000) (1,797,000)
Net interest and dividend revenue 1,191,000 266,000 868,000
Other Income 6,241,000 907,000 602,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 13,443,000 (5,195,000) 14,003,000
Provision for income taxes 2,872,000 (567,000) 4,240,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 10,571,000 $ (4,628,000) $ 9,763,000
Basic (in dollars per share) $ 1.20 $ (0.59) $ 1.24
Diluted (in dollars per share) $ 1.17 $ (0.59) $ 1.23
Sales and marketing $ 2,990,000 $ 2,003,000 $ 1,280,000
Westwood mutual funds 3,133,000 2,201,000 2,657,000
Information technology 9,650,000 7,719,000 8,161,000
Professional services 5,132,000 5,357,000 4,391,000
General and administrative 12,512,000 9,057,000 8,074,000
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized 209,000 7,093,000  
Operating Expenses 83,776,000 73,554,000 67,095,000
Operating Income (Loss) 6,005,000 (4,873,000) 5,959,000
Realized Investment Gains (Losses) 0 0 8,371,000
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest 1,051,000    
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 9,520,000 (4,628,000) 9,763,000
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 10,571,000 (4,628,000) 9,763,000
Expenses:      
Employee compensation and benefits 52,918,000 40,124,000 42,532,000
Sales and marketing 2,990,000 2,003,000 1,280,000
Westwood mutual funds 3,133,000 2,201,000 2,657,000
Information technology 9,650,000 7,719,000 8,161,000
Professional services 5,132,000 5,357,000 4,391,000
General and administrative 12,512,000 9,057,000 8,074,000
Foreign Currency Transaction Gain (Loss), before Tax 2,768,000 0 0
Operating Income (Loss) 6,005,000 (4,873,000) 5,959,000
Income (loss) before income taxes 13,443,000 (5,195,000) 14,003,000
Provision for income taxes 2,872,000 (567,000) 4,240,000
Net income (loss) 10,571,000 (4,628,000) 9,763,000
Other comprehensive income (loss), net of tax:      
Total comprehensive income (loss) $ 9,520,000 $ (4,628,000) $ 9,763,000
Earnings (loss) per share:      
Basic (in dollars per share) $ 1.20 $ (0.59) $ 1.24
Diluted (in dollars per share) $ 1.17 $ (0.59) $ 1.23
Weighted average shares outstanding:      
Basic (in shares) 7,964,423 7,844,363 7,875,395
Diluted (in shares) 8,112,139 7,844,363 7,927,972
Unrealized Gain (Loss) on Investments $ 6,000 $ (1,495,000) $ (1,797,000)
Other Income 6,241,000 907,000 602,000
General and Administrative Expense [Member]      
Amortization of intangible assets 4,100,000 1,900,000 1,600,000
Asset Management [Member]      
Revenue from Contract with Customer, Including Assessed Tax 67,391,000 46,685,000 45,927,000
Investment Performance [Member]      
Revenue from Contract with Customer, Including Assessed Tax 1,265,000 1,018,000 3,335,000
Fiduciary and Trust [Member]      
Revenue from Contract with Customer, Including Assessed Tax 20,242,000 21,686,000 24,030,000
Trust performance-based fees [Member]      
Revenue from Contract with Customer, Including Assessed Tax $ 349,000 $ 0 $ 101,000