{"url":"https://nivawealth.com/firms/hilltop-securities-asset-management-110760","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110760","regulatoryAum":37701591625,"crd":"110760","secFileNumber":"801-40189","legalName":"Hilltop Securities Asset Management, LLC","displayName":"Hilltop Securities Asset Management","website":"https://www.hilltopsecurities.com/asset-management/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"717 N. Harwood Street, Suite 3400","city":"Dallas","state":"TX","stateName":"Texas","country":"United States","postalCode":"75201"},"tradeNames":[],"registration":{"secApproved":"17 December 1991","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":31,"advisory":13,"brokerDealerReps":13,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":37701591625,"nonDiscretionaryAccounts":60,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":60},"clientTypes":[{"label":"State or municipal government entities","clients":60,"regulatoryAum":37701591625}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Hilltop Securities Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Mary Ann Dunda","title":"President and Board Member","crd":"4548670"},{"name":"Joseph Michael Edge","title":"Chief Financial Officer","crd":"4326551"},{"name":"Scott Andrew Coya","title":"Chief Compliance Officer","crd":"2511281"},{"name":"David King Medanich","title":"Board Manager","crd":"1030727"},{"name":"Martin Bradley Winges","title":"Chairman of the Board","crd":"1929509"},{"name":"Martin Bradley Winges","title":"CEO","crd":"1929509"},{"name":"Brian Lane Wittneben","title":"Secretary/General Counsel","crd":"4861905"}],"ownership":[{"label":"First Southwest Holding, L.L.C.","detail":"Parent company in the 75% or more ownership band and a control person, since January 2009."},{"label":"Hilltop Holdings Inc.","detail":"Indirect owner: a parent of Hilltop Securities Holdings, LLC in the 75% or more band and a control person, since January 2015.","parent":"Hilltop Securities Holdings, LLC"},{"label":"Hilltop Securities Holding, LLC","detail":"Indirect owner: a parent of First Southwest Holdings, LLC in the 75% or more band and a control person, since January 2015.","parent":"First Southwest Holdings, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":1},"listedOfficeAddresses":3,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"777 S. Hwy 101","city":"Solana Beach"}]},{"state":"Texas","offices":2,"addresses":[{"street":"717 N. Harwood Street, Suite 3400","city":"Dallas","headquarters":true},{"street":"2700 Via Fortuna","city":"Austin"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"214-953-4000","stateRegisteredReps":13,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients","Educational seminars/workshops","Other"],"financialPlanningClients":"0","assetMix":[{"label":"U.S. government/agency bonds","percent":43},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":4},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":46},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":3,"detail":"Non Negotiable Bank CD'S and A Flex Repo/Investment Contract"}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110760/PDF/110760.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Hilltop Securities Asset Management have?","answer":"Hilltop Securities Asset Management has 60 clients and manages $37.7 billion for them, as of March 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hilltop Securities Asset Management offer?","answer":"Hilltop Securities Asset Management provides portfolio management for institutions, educational seminars and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Hilltop Securities Asset Management have?","answer":"Hilltop Securities Asset Management has 13 investment adviser representatives registered with state securities authorities, out of 31 employees, and 13 perform investment advisory functions. 13 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Hilltop Securities Asset Management invest in?","answer":"At the end of its last fiscal year, Hilltop Securities Asset Management’s separately managed accounts held 46% pooled vehicles (private funds and similar), 43% U.S. government and agency bonds, 4% registered funds (mutual funds, ETFs, BDCs), 3% non negotiable bank cd's and a flex repo/investment contract, 2% investment grade corporate bonds, 1% state and local bonds and 1% cash and equivalents. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Hilltop Securities Asset Management?","answer":"Hilltop Securities Asset Management’s direct owners are First Southwest Holding, L.L.C. (75% or more), Hilltop Holdings Inc. (75% or more) and Hilltop Securities Holding, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hilltop Securities Asset Management get paid?","answer":"Hilltop Securities Asset Management is paid through a percentage of assets under management, hourly charges, fixed fees and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}