Westwood Management Corporation

Westwood Management Corporation, established in 1976, is a registered investment advisor specializing in tailoring advisory services to individual client needs with a focus on a growth style strategy primarily investing in equity securities. The firm's portfolio manager, Peter Goldman, succeeded the founder in May 2023 and reviews client portfolios, analyzing securities for inclusion or removal. Clients may receive non-discretionary advice, with Mr. Goldman implementing recommendations promptly. The firm does not recommend IPOs or private offerings for clients and does not accept wrap fee accounts. With approximately $799 million in assets under management on a discretionary basis, Westwood requires a minimum asset valuation of $1 million for new clients. Fees are based on a quarterly market value of assets under management, with rates varying based on account size. The firm does not accept performance-based fees and provides investment advice to individuals, high net worth individuals, pension plans, charitable organizations, and corporations. Westwood does not vote client securities and does not accept custody of client funds or securities. Clients retain authority over voting securities and must direct custodians for cash or securities deliveries. The firm has a succession plan in place and maintains a business continuity plan for emergencies. Westwood does not pay referral fees and does not vote securities on behalf of clients.