MGA will operate as the Omaha branch of Westwood Trust, a wholly-owned subsidiary of Westwood. Westwood had total assets under management of $9.7 billion, including $1.8 billion under management at Westwood Trust, at end-June. The transaction is expected to close in the fourth quarter; the terms were not disclosed.

"We have been seeking opportunities to expand the Westwood Trust platform into additional markets and have found an excellent fit in McCarthy Group Advisors," stated Brian Casey, Westwood's president and chief executive.

"Omaha and the surrounding region represent a vibrant market offering opportunities to build on the foundation established by MGA's principals. We are seeking to augment our organic growth by strategically acquiring mutual fund assets and private wealth firms, along with additional products and research capabilities, and this acquisition achieves a number of those goals. In addition to our new client relationships, the McCarthy Multi-Cap Stock Fund also provides a natural extension to the WHG Funds mutual fund line-up."

Westwood Holdings manages investment assets and provides services for its clients through two subsidiaries, Westwood Management and Westwood Trust. Westwood Management is a registered investment advisor and provides investment advisory services to corporate pension funds, public retirement plans, endowments, foundations, the WHG Funds, other mutual funds and clients of Westwood Trust. Westwood Trust provides trust services and participation in common trust funds that it sponsors to institutions and high net worth individuals.