{
  "crd_number": 107978,
  "slug": "howard-financial-services-ltd-dallas-tx-107978",
  "primary_business_name": "HOWARD FINANCIAL SERVICES, LTD.",
  "legal_name": "HOWARD FINANCIAL SERVICES, LTD.",
  "dbas": [
    "HFS CAPITAL PARTNERS",
    "HFS WEALTH MANAGEMENT"
  ],
  "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": "1994-06-23",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-08-12",
  "carried_forward": false,
  "raum_total": 1401802140.0,
  "raum_discretionary": 1401802140.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 24,
  "advisory_employees": 18,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 18094724.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 38377020.0,
      "count": 151
    },
    "high_net_worth_individuals": {
      "raum": 1120095014.0,
      "count": 259
    },
    "pooled_investment_vehicles": {
      "raum": 224190632.0,
      "count": 31
    },
    "corporations_other_businesses": {
      "raum": 1044750.0,
      "count": 2,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "LA",
    "NC",
    "NY",
    "TX"
  ],
  "websites": [
    "https://hfs-cp.com",
    "https://hfs-wm.com",
    "https://howardfs.com",
    "https://linkedin.com/company/howard-financial-services"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107978",
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/howard-financial-services-ltd-dallas-tx-107978",
  "display_name": "Howard Financial Services, Ltd.",
  "summary": "Howard Financial Services, Ltd. is an SEC-registered investment advisory firm in Dallas, TX, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 12, 2026.",
  "citation": "AdvisorCensus. Howard Financial Services, Ltd. (CRD 107978): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Howard Financial Services, Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Howard Financial Services, Ltd. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Howard Financial Services, Ltd. located?",
      "a": "Howard Financial Services, Ltd.'s principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is Howard Financial Services, Ltd. registered with the SEC or a state?",
      "a": "Howard Financial Services, Ltd. is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 107978."
    },
    {
      "q": "How much does Howard Financial Services, Ltd. manage?",
      "a": "Howard Financial Services, Ltd. reports $1,401,802,140 in regulatory assets under management in its Form ADV filing dated August 12, 2026 (100% discretionary)."
    },
    {
      "q": "How have Howard Financial Services, Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Howard Financial Services, Ltd.: Regulatory assets under management: $762,596,005 in the October 2021 data and $1,401,802,140 in the October 2026 data, up 84%. Total employees: 18 in October 2021 and 24 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Howard Financial Services, Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (259); individuals (other than high net worth individuals) (151); pooled investment vehicles (other than investment companies and business development companies) (31)."
    },
    {
      "q": "Which custodians does Howard Financial Services, Ltd. use?",
      "a": "Howard Financial Services, Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Howard Financial Services, Ltd. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107978"
    },
    {
      "q": "Does Howard Financial Services, Ltd. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"The minimum account size for investment management is $750,000. We have discretion to waive the account minimum.\""
    },
    {
      "q": "What changed in Howard Financial Services, Ltd.'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": 762596005.0,
      "total_employees": 18,
      "filing_date": "2021-05-11"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 979993858.0,
      "total_employees": 18,
      "filing_date": "2022-07-07"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 988514935.0,
      "total_employees": 22,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1281308335.0,
      "total_employees": 23,
      "filing_date": "2024-04-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1423796795.0,
      "total_employees": 24,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1401802140.0,
      "total_employees": 24,
      "filing_date": "2026-08-12"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-07-01",
      "period_label": "July 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 19 to 18.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$750,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $750,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum account size for investment management is $750,000. We have discretion to waive the account minimum."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 750000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The minimum account size for investment management is $750,000. We have discretion to waive the account minimum."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/howard-financial-services-ltd-dallas-tx-107978.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 151,
      "fewer_than_5": false,
      "raum": 38377020.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 259,
      "fewer_than_5": false,
      "raum": 1120095014.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 31,
      "fewer_than_5": false,
      "raum": 224190632.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 18094724.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1044750.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/107978",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}