Introduction
I came across Westwood Holdings Group (WHG) in my search for companies that have increased dividends in good and poor economic situations.
The stock is down almost 50% since late 2018, but there are no signs of a turnaround. The company continues to see declining AUM due to the shift in favor of passive investment vehicles.
Through this article, I analyze the new "sensible fees" announced by the company, the expected performance based on trends in the active vs passive investment space and provide my opinion on why I see significant risks ahead.