Hilltop Securities Inc. (Dallas)


Hilltop Securities Inc. is a large advisory firm based in Dallas. It manages $1.1 billion of regulatory assets for 3,761 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Hilltop Securities provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hilltop Securities: assets under management

The assets under management (AUM) of Hilltop Securities Inc. is $1.1 billion. The firm's AUM has grown by 6% since the beginning of its operation, and $1.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $646.93 million in discretionary accounts and $454.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $278.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $317.02 thousand.
Hilltop Securities has custody of $1.1 billion in cash and securities for 2,819 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment and business development companies, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hilltop Securities Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Wayne Peterson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Robert Wayne Peterson is individuals with 2,819 clients and $987.54 million of assets under management. Among the 7 most similar advisory firms, Hilltop Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.1 billion for 2,880 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hilltop Securities doesn't advise any private funds.

Careers at Hilltop Securities Inc.

The company employs 167 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 167 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.

Robert Wayne Peterson has been acting as President since 1 Jan 2016. Hillel Arnold Feinberg joined the executive team most recently as the President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Allen R Tubb Chief legal officer/secretary 1 Oct 2000 Other 4100847
William Norman Thompson Executive vice president/chief information officer 1 Dec 2002 Other 2632089
Todd William Patterson Aml officer 1 Nov 2004 Other 4814563
Daniel Roger Leland Executive vice president - taxable fixed income trading 1 May 2007 Other 1157737
John Andrew Lacey Senior vice president/chief operations officer 1 Sep 2009 Other 2397578
Michael Anthony Cogliano Senior vice president/chief compliance officer 1 Apr 2010 Other 2505017
Robert Lincoln Nash Executive vice president 1 Jun 2011 Other 1220439
Laura Leventhal Treasurer 1 Dec 2011 Other 1175259
Bonnie Rachael Licalsi Senior vice president/controller 1 Dec 2011 Other 2203919
Daniel Roger Leland Executive vice president - equity trading 1 Jan 2012 Other 1157737
Anthony Charles Berends Senior vice president - stock loan 1 Jan 2012 Other 2268410
Laura Leventhal Board director 1 Sep 2013 Other 1175259
Llc Hilltop Securities Holdings Parent 1 Jan 2015 75% - 100% 47-2373402
Victor Michael Pucciarelli Msrp principal 1 Jan 2015 Other 1111797
John Richard Muschalek Board director 1 Mar 2015 Other 2226859
Hillel Arnold Feinberg Board chairman 1 Mar 2015 Other 205642
Robert Wayne Peterson Board director 1 Mar 2015 Other 2441207
Victor Michael Pucciarelli Municipal adviser principal 1 Apr 2015 Other 1111797
Henry Fayette Coble Municipal adviser principal - tfi 1 Apr 2015 Other 1008031
Doreen Marie Fisher Municipal adviser principal 1 Apr 2015 Other 1261585
Robert Wayne Peterson President/ceo 1 Apr 2015 Other 2441207
David Edward Geschke Director of retail 1 Apr 2015 Other 1618774
Michael Anthony Cogliano Co-chief compliance officer 1 Jan 2016 Other 2505017
Robert Wayne Peterson President/coo 1 Jan 2016 Other 2441207
Hillel Arnold Feinberg Chairman / ceo 1 Jan 2016 Other 205642
Joseph Michael Edge Chief financial officer 1 Jan 2016 Other 4326551
John Richard Muschalek Chief administrative officer 1 Jan 2016 Other 2226859
Blake Barnes Morris Co-chief compliance officer 1 Jan 2016 Other 4591811
Brian Lane Wittneben General counsel 1 Mar 2016 Other 4861905
David King Medanich Board director 1 Aug 2017 Other 1030727
Laura Bonnell Alexander Board director 1 Aug 2017 Other 2900382
Michael John Marz Board director 1 Aug 2017 Other 874062
Michael Anthony Cogliano Aml officer 1 Mar 2018 Other 2505017
Michael Anthony Cogliano Chief compliance officer 1 Jul 2018 Other 2505017
Hillel Arnold Feinberg President 1 Nov 2018 Other 205642

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Hilltop Holdings Inc. Parent 1 Jan 2015 75% - 100% 84-1477939

Based in Dallas

The principal office where Hilltop Securities Inc. performs its advisory services is located at 1201 Elm Street, Suite 3500, Dallas, TX 75270, which is also the mailing address of the firm. An additional office of the firm is in League City, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-859-1800 or by fax 214-859-6497. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at hilltopsecurities.com/doc-darilek and its LinkedIn profile.