{ "crd_number": 6220, "slug": "hilltop-securities-inc-dallas-tx-6220", "primary_business_name": "HILLTOP SECURITIES INC.", "legal_name": "HILLTOP SECURITIES INC.", "dbas": [], "city": "Dallas", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1998-06-10", "years_registered": 28, "period": "2026-10-01", "filing_date": "2026-08-11", "carried_forward": false, "raum_total": 2507522526.0, "raum_discretionary": 1797178388.0, "raum_non_discretionary": 710344138.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 92, "advisory_employees": 92, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 27659848.0, "count": 11 }, "individuals": { "raum": 829464573.0, "count": 2736 }, "state_municipal": { "raum": 73010377.0, "count": 5 }, "pension_profit_sharing": { "raum": 19180346.0, "count": 7 }, "high_net_worth_individuals": { "raum": 1432688700.0, "count": 599 }, "corporations_other_businesses": { "raum": 125518682.0, "count": 49 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "pension_consulting", "periodicals_newsletters", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": true, "disclosure_yes_count": 11, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "PR", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV" ], "websites": [ "https://advisors.hilltopsecurities.com/Aaron-Terry", "https://advisors.hilltopsecurities.com/Adam-Melville", "https://advisors.hilltopsecurities.com/Bill-Pinkerton", "https://advisors.hilltopsecurities.com/Bill-Skelton", "https://advisors.hilltopsecurities.com/Brad-Glasman", "https://advisors.hilltopsecurities.com/Chris-Gallo", "https://advisors.hilltopsecurities.com/Chris-murray", "https://advisors.hilltopsecurities.com/Christopher-Good", "https://advisors.hilltopsecurities.com/Cliff-Millemann", "https://advisors.hilltopsecurities.com/David-Gotz", "https://advisors.hilltopsecurities.com/David-Nielsen", "https://advisors.hilltopsecurities.com/Drew-Arden", "https://advisors.hilltopsecurities.com/Hunter-Coleman", "https://advisors.hilltopsecurities.com/Hunter-Sims", "https://advisors.hilltopsecurities.com/Jake-Edwards", "https://advisors.hilltopsecurities.com/Jeffrey-Vanover", "https://advisors.hilltopsecurities.com/Jim-Martin", "https://advisors.hilltopsecurities.com/John-Rutledge", "https://advisors.hilltopsecurities.com/Michael-Spohn", "https://advisors.hilltopsecurities.com/Mike-Campbell", "https://advisors.hilltopsecurities.com/Pam-Broms", "https://advisors.hilltopsecurities.com/Parrish-Braden", "https://advisors.hilltopsecurities.com/Richard-Galen", "https://advisors.hilltopsecurities.com/barbara-frenkel", "https://advisors.hilltopsecurities.com/bill-coster", "https://advisors.hilltopsecurities.com/bryan.hicks", "https://advisors.hilltopsecurities.com/chris-murray/aboutus.htm", "https://advisors.hilltopsecurities.com/daniel.collins", "https://advisors.hilltopsecurities.com/dennis-robreck", "https://advisors.hilltopsecurities.com/edward-walley", "https://advisors.hilltopsecurities.com/eric-kloppers", "https://advisors.hilltopsecurities.com/gary-waller", "https://advisors.hilltopsecurities.com/james-harding", "https://advisors.hilltopsecurities.com/jarett-brugger", "https://advisors.hilltopsecurities.com/jeff-margolis", "https://advisors.hilltopsecurities.com/jim-pence", "https://advisors.hilltopsecurities.com/jim-ruberto", "https://advisors.hilltopsecurities.com/jim.bussey", "https://advisors.hilltopsecurities.com/joan-lawson", "https://advisors.hilltopsecurities.com/katy-ehlers", "https://advisors.hilltopsecurities.com/kevin-kott", "https://advisors.hilltopsecurities.com/laurence-krueger", "https://advisors.hilltopsecurities.com/leonard-laub", "https://advisors.hilltopsecurities.com/mark-augusta", "https://advisors.hilltopsecurities.com/mark-clift", "https://advisors.hilltopsecurities.com/michael-davidson", "https://advisors.hilltopsecurities.com/michael-forner", "https://advisors.hilltopsecurities.com/michael-karp", "https://advisors.hilltopsecurities.com/mickey-stern", "https://advisors.hilltopsecurities.com/nick-feild", "https://advisors.hilltopsecurities.com/pacificcoastfinancialplanning", "https://advisors.hilltopsecurities.com/parker-brean", "https://advisors.hilltopsecurities.com/patrick-laborde", "https://advisors.hilltopsecurities.com/patrick-lovelady", "https://advisors.hilltopsecurities.com/patrick-outlaw", "https://advisors.hilltopsecurities.com/paul-wunsch", "https://advisors.hilltopsecurities.com/peter-cappos", "https://advisors.hilltopsecurities.com/peter.nett", "https://advisors.hilltopsecurities.com/phil-borenstein", "https://advisors.hilltopsecurities.com/ray-weber", "https://advisors.hilltopsecurities.com/reno-jones", "https://advisors.hilltopsecurities.com/ric-kellogg", "https://advisors.hilltopsecurities.com/robert-harty", "https://advisors.hilltopsecurities.com/saul-lico", "https://advisors.hilltopsecurities.com/sean-coyle", "https://advisors.hilltopsecurities.com/stacy-stern", "https://advisors.hilltopsecurities.com/stephen-powell", "https://advisors.hilltopsecurities.com/steve-balaban", "https://advisors.hilltopsecurities.com/steve-crossman", "https://advisors.hilltopsecurities.com/steven-sarkissian", "https://advisors.hilltopsecurities.com/steven.kenny", "https://advisors.hilltopsecurities.com/stuart-ford", "https://advisors.hilltopsecurities.com/therakul.pulpanyawong", "https://advisors.hilltopsecurities.com/thomas-faledas", "https://advisors.hilltopsecurities.com/tyler-malinger", "https://advisors.hilltopsecurities.com/vickie-wise", "https://advisors.hilltopsecurities.com/victor-medina", "https://advisors.hilltopsecurities.com/vince-caruana", "https://advisors.hilltopsecurities.com/vito-dangelo", "https://advisors.hilltopsecurities.com/walt-anthony", "https://advisors.hilltopsecurities.com/wes-darilek", "https://advisors.hilltopsecurities.com/zachary-kitz", "https://communitybankgroup.com", "https://communitybankgroup.com/index.htm", "https://hilltopsecurities.com", "https://linkedin.com/company/hilltop-securities-inc-" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/6220", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.D(1)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.D(5)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.F", "question": "Has an authorization to act as an attorney, accountant, or federal contractor granted to the firm or an advisory affiliate ever been revoked or suspended?" }, { "item": "11.G", "question": "Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?" }, { "item": "11.H(2)", "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?" } ], "city_as_filed": "DALLAS", "url": "https://advisorcensus.com/firm/hilltop-securities-inc-dallas-tx-6220", "display_name": "Hilltop Securities Inc.", "summary": "Hilltop Securities Inc. is an SEC-registered investment advisory firm in Dallas, TX, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 11, 2026.", "citation": "AdvisorCensus. Hilltop Securities Inc. (CRD 6220): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Other" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services", "Selection of other advisers (including private fund managers)", "Publication of periodicals or newsletters", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Hilltop Securities Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Hilltop Securities Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Hilltop Securities Inc. located?", "a": "Hilltop Securities Inc.'s principal office is in Dallas, TX, according to its Form ADV; the September 2026 filing also lists 18 other offices (Schedule D, Section 1.F)." }, { "q": "Is Hilltop Securities Inc. registered with the SEC or a state?", "a": "Hilltop Securities Inc. is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 6220." }, { "q": "How much does Hilltop Securities Inc. manage?", "a": "Hilltop Securities Inc. reports $2,507,522,526 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (72% discretionary)." }, { "q": "How have Hilltop Securities Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Hilltop Securities Inc.: Regulatory assets under management: $1,792,889,823 in the October 2021 data and $2,507,522,526 in the October 2026 data, up 40%. Total employees: 110 in October 2021 and 92 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Hilltop Securities Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,736); high net worth individuals (599); corporations or other businesses not listed above (49)." }, { "q": "Does Hilltop Securities Inc. report any disciplinary disclosures?", "a": "Reports 11 disclosure items on Form ADV Item 11: yes answers to 10 questions about regulatory matters and 1 question about civil court matters (11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.F, 11.G, 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/6220" }, { "q": "What changed in Hilltop Securities Inc.'s recent Form ADV filings?", "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1792889823.0, "total_employees": 110, "filing_date": "2021-09-08" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2019855669.0, "total_employees": 105, "filing_date": "2022-09-23" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1730433320.0, "total_employees": 113, "filing_date": "2023-09-20" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1866292572.0, "total_employees": 113, "filing_date": "2024-09-04" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2254166069.0, "total_employees": 91, "filing_date": "2025-03-26" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2507522526.0, "total_employees": 92, "filing_date": "2026-08-11" } ], "recent_changes": [ { "period": "2026-09-01", "period_label": "September 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 91 to 92.", "Regulatory assets under management went from $2,254,166,069 to $2,507,522,526 (+11%).", "Changed its office addresses in Houston, TX.", "Changed its office addresses in San Francisco, CA.", "Changed its office addresses in The Woodlands, TX.", "No longer lists an office in Lufkin, TX." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/hilltop-securities-inc-dallas-tx-6220.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 2736, "fewer_than_5": false, "raum": 829464573.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 599, "fewer_than_5": false, "raum": 1432688700.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 7, "fewer_than_5": false, "raum": 19180346.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 11, "fewer_than_5": false, "raum": 27659848.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 5, "fewer_than_5": false, "raum": 73010377.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 49, "fewer_than_5": false, "raum": 125518682.0 } ], "disclosure_line": "Reports 11 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/6220", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }