Westwood Holdings Group (NYSE: WHG) announced a strategic partnership with ETF Capital Markets Advisors, a firm led by Nicholas Phillips, on April 27, 2026. The collaboration is designed to provide dedicated capital‑markets consulting services to Westwood’s expanding ETF platform, which includes the Enhanced Income Series and WEBs Defined Volatility ETFs.
Under the agreement, Phillips will serve as an embedded capital‑markets resource, advising on primary and secondary market structure, authorized‑participant relationships, market‑maker engagement, and execution best practices. The partnership aims to enhance trading efficiency, improve liquidity, and lower execution costs for Westwood’s ETF products.
Westwood’s ETF business has grown rapidly in recent months. The Enhanced Income Series surpassed $250 million in assets under management (AUM) as of February 19, 2026, and the Westwood Salient Enhanced Midstream Income ETF (MDST) alone reached $200 million in AUM. The launch of the Westwood Enhanced Income Opportunity ETF (YLDW) in December 2025 further expanded the platform.
The partnership signals Westwood’s commitment to scaling its ETF business and improving the investor experience. By leveraging Phillips’s 25‑year track record and relationships with market makers and exchanges, Westwood seeks to strengthen its competitive position in the income‑focused ETF space and support further growth of its ETF AUM.
Jonathan Dale, Head of Product Solutions at Westwood, said, “We are focused on delivering strong investment outcomes and a high‑quality trading experience for investors across our ETF platform. Partnering with Nick and ETF Capital Markets Advisors enhances our ability to optimize execution, deepen our relationships with market makers and authorized participants, and support the continued growth of our ETF lineup with a rigorous, best‑execution mindset.”
Nicholas Phillips added, “I’m excited to work alongside the Westwood team to help navigate the ETF trading ecosystem, strengthen counterpart relationships, and continuously refine execution practices aimed at lower trading costs and better experiences for Westwood investors.”
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