First Dallas Securities, Inc. (Dallas)

Name: First Dallas Securities, Inc.
Address: 2905 Maple Ave., Dallas, TX, 75201
Telephone: 214-954-1177

First Dallas Securities, Inc. is a large advisory firm based in Dallas. It manages $171.76 million of regulatory assets for 384 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 23 other states.

First Dallas Securities provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Dallas Securities: assets under management

The assets under management (AUM) of First Dallas Securities, Inc. is $171.76 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $171.76 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.29 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Dallas Securities, Inc. for their services and products based on commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Camille Hodges Hays serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Camille Hodges Hays is individuals with 381 clients and $152.37 million of assets under management. Among the 11 most similar advisory firms, First Dallas Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $171.76 million for 384 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

First Dallas Securities doesn't advise any private funds.

Careers at First Dallas Securities, Inc.

The company employs 24 people that are either part- or full-time employees. 13 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Camille Hodges Hays has been acting as President since 1 Sep 2000. Michael Edward Rask joined the executive team most recently as the President, Rop.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Hodges Capital Holdings	Shareholder	1 May 1989	75% - 100%	75-2278916
Inc. First Dallas Holdings	Stockholder	1 May 1989	75% - 100%	75-2278916
Gary Mack Bradshaw	Senior vice president	1 Aug 1993	Other	1389924
Robert Jason Woodard	Senior vice president	1 Aug 1993	Other	1264549
Kathryn Williams Garvin	Secretary	1 Aug 1994	Other	1665092
John Anthony Iii Doyle	Sr. vp	1 Nov 1994	Other	826132
James Richard Brown	Senior vice president	1 Nov 1994	Other	1478139
Craig Donaldson Hodges	Ceo	1 Sep 2000	Other	1714289
Camille Hodges Hays	President	1 Sep 2000	Other	2951852
Donald Wayne Hodges	Chairman, finop, srop,crop,cfo, ceo	1 Sep 2000	Other	247387
Eric Jay Marshall	Vice president/research principal	1 Aug 2002	Other	2981115
Sonia Raquel Martinez	Asst. director of compliance/muni & trading principal	1 Jun 2004	Other	2464718
Robert Vincent Coulter	Compliance officer	1 Sep 2007	Other	4211707
Robert Vincent Coulter	Chief compliance officer	1 Aug 2008	Other	4211707
Robert Leo Jr Kerch	Chief compliance officer/rop/finop	1 May 2009	Other	2421770
Brett Walker Rainey	Secretary	1 May 2018	Other	2405496
Michael Edward Rask	President, rop	1 Aug 2019	Other	3194771
Valynda Ann Ewton	Finop	1 Aug 2019	Other	203464
Gary Mack Bradshaw	Muni principal	1 Aug 2019	Other	1389924
Linda Grant Larsen	Cco	1 Aug 2019	Other	4820114

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Wayne Hodges	Chairman	1 May 1989	50% - 75%	247387
Clark Brown Hodges	Member	1 May 1989	25% - 50%	2202654
Craig Donaldson Hodges	Member	1 May 1989	25% - 50%	1714289
Camille Hodges Hays	Member	1 May 1989	25% - 50%	2951852
Gordonville Partners	Shareholder	1 Dec 2006	25% - 50%	20-3948583
Llc Hccc	General partner	1 Dec 2006	Other	20-3948503
Ltd. Gordonville Partners	Shareholder	1 Dec 2006	25% - 50%	20-3948583
Gordonville Partners	Shareholder	1 Oct 2007	25% - 50%	20-3948503
Gordonville Partners	Shareholder	1 Oct 2011	25% - 50%	20-3948583
Camille Hodges Hays	Partner	1 Oct 2011	25% - 50%	2951852
Craig Donaldson Hodges	Partner	1 Oct 2011	25% - 50%	1714289
Clark Brown Hodges	Partner	1 Oct 2011	25% - 50%	2202654
First Dallas Holdings Voting Trust	Shareholder	1 Oct 2011	50% - 75%	45-5446718
Hodges Capital Holdings Voting Trust	Shareholder	1 Oct 2011	50% - 75%	45-5446718

Based in Dallas

The principal office where First Dallas Securities, Inc. performs its advisory services is located at 2905 Maple Ave., Dallas, TX 75201, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-954-1177 or by fax 214-754-8721. The normal business hours are 8:00am to 4:30pm on Monday - Friday. You can find more information about the New York firm at firstdallas.com.