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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2024
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.
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 collective investment trusts. Salient and Westwood Management, which provide investment advisory services to similar clients, are 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)AdvisoryTrustWestwood
Holdings		EliminationsConsolidated
Three Months Ended March 31, 2024
Net fee revenues from external sources$16,817 $5,113 $— $21,930 
Net intersegment revenues$1,574 $58 $— $(1,632)$— 
Other, net$802 $— $— $— $802 
Total revenues$19,193 $5,171 $— $(1,632)$22,732 
Segment assets$286,921 $46,553 $13,465 $(197,897)$149,042 
Segment goodwill$23,100 $16,401 $— $— $39,501 
Segment equity-method investments$4,519 $— $— $— $4,519 
Segment expenditures for long-lived assets$1 $— $2 $— $3 
Three Months Ended March 31, 2023
Net fee revenues from external sources$17,588 $5,031 $— $— $22,619 
Net intersegment revenues$1,662 $77 $— $(1,739)$— 
Other, net$108 $— $— $— $108 
Total revenues$19,358 $5,108 $— $(1,739)$22,727 
Segment assets$256,946 $51,502 $16,616 $(183,265)$141,799 
Segment goodwill$23,528 $16,401 $— $— $39,929 
Segment equity-method investments$4,228 $— $— $— $4,228 
Segment expenditures for long-lived assets$27 $10 $47 $— $84