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RIA / WealthRegistered adviserbroker-dealer affiliated wealth managerSEC registeredRAUM 1b 10b

HILLTOP SECURITIES INC.

CRD 6220

DALLAS, TX

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:6bb9a2c6-a705-b505-b56d-061da1a9de5e

Data as of Aug 11, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 2:49 AM UTC and rebuilt at most every 15 minutes.

Relationships: 459
Dated events: 40
On other graphs: 0
Observed: Dec 22, 2011 to Aug 11, 2026
100 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: broker-dealer affiliated wealth managerderivedprivate_client_share=0.9 fund_share=0.0 institutional_share=0.05 related_bd=true related_bank=true bd_reps=91.0
Regulatory AUM: $2.5BItem 5.F on the latest filing (2026-08-11); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $1.8B
Private client RAUM: $2.3BderivedItem 5.D individuals plus high net worth individuals
Private client share: 90%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 164
RAUM per advisor: $15.3Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 92
Advisory employees: 92
Offices: 18Schedule D 1.F, beyond the principal office
Accounts: 5,592
Individual clients: 2,736
High net worth clients: 599
Custody, client assets: $2.5B
SEC number: 801-55529
CIK: 891055
CRD: 6220
Filings on the tape: 100
First filed: Dec 22, 2011
Latest filed: Aug 11, 2026
Organised: Corporation, DE
Website: advisors.hilltopsecurities.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first; showing 25 of 139

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
JAMES HARDIE JONES	n/a	Dallas, TX	26	33	n/a	yes
MARK ALLEN CLIFT	n/a	Dallas, TX	23	37	1	yes
WALTER JOSEPH ANTHONY	n/a	Plano, TX	18	30	2	yes
PETER GEORGE CAPPOS	n/a	DALLAS, TX \| Sherman Oaks, CA	17	32	1	yes
MILFORD LEE STERN	n/a	LOS ANGELES, CA \| Sherman Oaks, CA	17	46	2	yes
JEFFREY MICHAEL MARGOLIS	n/a	Sherman Oaks, CA	17	42	1	yes
KEVIN DARIN KOTT	n/a	MONTEREY, CA \| DALLAS, TX	17	39	1	yes
BRADLEY TODD GLASMAN	n/a	Heber City, UT \| Sherman Oaks, CA	17	42	1	yes
DENNIS ROBBERECHT	n/a	Roseville, CA	17	42	1	yes
CLIFF J MILLEMANN	n/a	Roseville, CA \| DALLAS, TX	17	41	1	yes
MICHAEL RICHARD DAVIDSON	n/a	DALLAS, TX \| MONTEREY, CA	17	22	1	yes
LEONARD NORMAN LAUB	n/a	MONTEREY, CA \| DALLAS, TX	17	42	1	yes
THOMAS JAMES FALEDAS	n/a	DALLAS, TX \| MONTEREY, CA	17	24	1	yes
STACY LYNN STERNPORTMAN	n/a	CALABASAS, CA \| Sherman Oaks, CA	17	40	1	yes
WILLIAM JAMES PINKERTON	n/a	MONTEREY, CA	17	46	1	yes
DAVID ALAN GOTZ	n/a	SAN DIEGO, CA	17	44	1	yes
EFRAIN FELIPE BORENSTEIN	n/a	PASADENA, CA \| Sherman Oaks, CA	17	35	1	yes
PAUL LAWRENCE WUNSCH	n/a	STUDIO CITY, CA \| Sherman Oaks, CA	17	36	1	yes
DAVID KEVIN NIELSEN	n/a	Roseville, CA	17	32	1	yes
GARY STEVEN FRAZEUR	n/a	LOS ANGELES, CA \| Sherman Oaks, CA	17	32	1	yes
MARLENE AUDREY GOTZ	n/a	SAN DIEGO, CA	17	32	1	yes
GARY SCOTT WALLER	Certified Financial Planner	Roseville, CA	17	24	1	yes
MICHAEL CLEMENT SPOHN	n/a	SAN FRANCISCO, CA	17	23	1	yes
HOWARD DREW ARDEN	n/a	SAN DIEGO, CA	17	22	1	yes
MICHAEL DAVID KARP	n/a	Sherman Oaks, CA	17	42	1	yes

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
ALEXANDER, LAURA BONNELL	BOARD DIRECTOR	Na	yes	08/2017	Aug 11, 2026	Aug 11, 2026
BARTOLOTTA, MICHAEL GEORGE	BOARD DIRECTOR	Na	yes	12/2025	Aug 11, 2026	Aug 11, 2026
COYA, SCOTT ANDREW	CHIEF COMPLIANCE OFFICER	Na	yes	01/2022	Aug 11, 2026	Aug 11, 2026
EDGE, JOSEPH MICHAEL	CHIEF FINANCIAL OFFICER	Na	yes	01/2016	Aug 11, 2026	Aug 11, 2026
HILLTOP SECURITIES HOLDINGS,	Parent	E	yes	01/2015	Aug 11, 2026	Aug 11, 2026
LEVENTHAL, LAURA	BOARD DIRECTOR	Na	yes	09/2013	Aug 11, 2026	Aug 11, 2026
MEDANICH, DAVID KING	BOARD DIRECTOR	Na	yes	08/2017	Aug 11, 2026	Aug 11, 2026
SOBEL, JONATHAN SCOTT	Chairman	Na	yes	07/2019	Aug 11, 2026	Aug 11, 2026
WINGES, MARTIN BRADLEY	CEO/PRESIDENT/DIRECTOR	Na	yes	02/2019	Aug 11, 2026	Aug 11, 2026
WITTNEBEN, BRIAN LANE	GENERAL COUNSEL/SECRETARY	Na	yes	03/2016	Aug 11, 2026	Aug 11, 2026
HILLTOP HOLDINGS INC.	Parent	E	yes	01/2015	Jan 21, 2015	Dec 19, 2024
HILLTOP SECURITIES HOLDINGS, LLC	Parent	E	yes	01/2015	Jan 21, 2015	Dec 19, 2024
MUSCHALEK, JOHN RICHARD	BOARD DIRECTOR	Na	yes	03/2015	May 21, 2015	Dec 19, 2024
PINEDA, ROMEO LINSANGAN	PRINCIPAL OPERATIONS OFFICER	Na	no	03/2022	Aug 11, 2026	Aug 11, 2026

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
HILLTOP SECURITIES ASSET MANAGEMENT, LLC	n/a	Institutional manager	$38B	N	yes	n/a
MOMENTUM INDEPENDENT NETWORK INC.	n/a	Bd affiliated wealth	$1.6B	N	yes	n/a
HILLTOP SECURITIES INSURANCE AGENCY INC.	n/a	n/a	n/a	N	yes	n/a
PLAINSCAPITAL BANK	n/a	n/a	n/a	N	yes	n/a
SOUTHWEST FINANCIAL INSURANCE AGENCY, INC.	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
SHERMAN OAKS	CA	United States	16	yes
Dallas	TX	United States	13	yes
Monterey	CA	United States	10	yes
Austin	TX	United States	10	yes
Plano	TX	United States	9	yes
SAN DIEGO	CA	United States	7	yes
OKLAHOMA CITY	Ok	United States	7	yes
Roseville	CA	United States	6	yes
Norman	Ok	United States	6	yes
SAN FRANCISCO	CA	United States	5	yes
BIG BEAR LAKE	CA	United States	3	yes
FT. WORTH	TX	United States	3	yes
Houston	TX	United States	3	yes
Sherman	TX	United States	3	yes
SAN ANTONIO	TX	United States	2	yes
THE WOODLANDS	TX	United States	2	yes
Lufkin	TX	United States	1	yes

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 14 of 15

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 30, 2026	$2.5B	$1.8B	92	92	18	n/a	n/a
2024	Mar 26, 2025	$2.3B	$1.6B	91	91	19	n/a	n/a
2023	Mar 28, 2024	$1.9B	$1.4B	113	113	17	n/a	n/a
2022	Mar 30, 2023	$1.7B	$576M	113	113	16	n/a	n/a
2021	Mar 30, 2022	$2.0B	$497M	105	105	20	n/a	n/a
2020	Mar 31, 2021	$1.1B	$224M	110	110	18	n/a	n/a
2019	Mar 31, 2020	$1.4B	$375M	111	111	18	n/a	n/a
2018	Mar 29, 2019	$1.1B	$647M	167	167	16	n/a	n/a
2017	Mar 29, 2018	$1.1B	$470M	158	158	16	n/a	n/a
2016	Mar 30, 2017	$918M	$389M	155	155	n/a	n/a	n/a
2015	Mar 30, 2016	$927M	$315M	155	155	n/a	n/a	n/a
2014	Mar 30, 2015	$1.0B	$300M	204	204	n/a	n/a	n/a
2013	Sep 17, 2013	$959M	$237M	218	218	n/a	n/a	n/a
2012	Sep 28, 2012	$652M	$77.2M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
8	5	3	3.0%	0	1	0	35	22

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$2.5B	$2.3B	11.2%	$1.7B	13.2%	92	91	18	19

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
HILLTOP SECURITIES ASSET MANAGEMENT, LLC	2	May 15, 2025	Mar 5, 2024	DALLAS, TX	Channel change	Other	1.4%
PROSPERA FINANCIAL SERVICES, INC.	2	Oct 12, 2023	Sep 21, 2023	DALLAS, TX	Team lift out	Ibd to ibd	1.6%
LPL FINANCIAL LLC	2	Jul 3, 2023	Jun 14, 2023	LONGVIEW, TX	Team lift out	Ibd to ibd	1.6%
D.A. DAVIDSON & CO.	2	Apr 22, 2023	Mar 27, 2023	AUSTIN, TX	Team lift out	Ibd to RIA	1.6%
CETERA INVESTMENT ADVISERS LLC	4	Oct 18, 2022	Mar 21, 2024	LEAGUE CITY, TX	Team lift out	Ibd to ibd	3.1%
MOMENTUM INDEPENDENT NETWORK INC.	2	Apr 8, 2022	May 18, 2021	DALLAS, TX	Team lift out	Ibd to ibd	1.5%
D.A. DAVIDSON & CO.	2	Nov 22, 2021	Oct 25, 2021	AUSTIN, TX	Team lift out	Ibd to RIA	1.5%
VISTA INVESTMENT PARTNERS LLC	3	Jul 16, 2021	Jul 21, 2021	OKLAHOMA CITY, OK	Team lift out	Ibd to RIA	2.3%
KESTRA PRIVATE WEALTH SERVICES, LLC	2	May 27, 2020	Apr 29, 2020	DEL MAR, CA	Team lift out	Ibd to ibd	1.6%
STIFEL, NICOLAUS & COMPANY, INCORPORATED	5	Oct 12, 2015	Sep 28, 2015	SAN DIEGO, CA	Team lift out	Other	4.6%
B RILEY WEALTH MANAGEMENT	3	Oct 7, 2015	Sep 18, 2015	HOUSTON, TX	Team lift out	Other	2.7%
LPL FINANCIAL LLC	2	Sep 1, 2015	Aug 5, 2015	DALLAS, TX	Team lift out	Other	1.8%
RBC CAPITAL MARKETS, LLC	2	Jun 5, 2015	Jun 10, 2015	HOUSTON, TX	Team lift out	Other	1.7%
MONEX ASSET MANAGEMENT, INC.	2	May 1, 2015	Apr 7, 2015	SAN ANTONIO, TX	Team lift out	Other	1.7%

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
TRUIST ADVISORY SERVICES, INC.	3	Aug 30, 2024	Sep 1, 2024	DALLAS, TX	Team lift out	Ibd to ibd	0.2%
EDWARD JONES	2	Feb 22, 2024	Mar 15, 2024	SAN ANTONIO, TX	Team lift out	Ibd to ibd	0.0%
MORGAN STANLEY	2	Aug 19, 2021	Jun 20, 2023	MEMPHIS, TN	Team lift out	Wirehouse to ibd	0.0%
PNC MANAGED ACCOUNT SOLUTIONS, INC.	2	Jun 30, 2021	Jul 15, 2021	AUSTIN, TX	Team lift out	Ibd to ibd	0.9%
WELLS FARGO ADVISORS	2	Sep 8, 2020	Aug 3, 2022	SOUTHLAKE, TX	Team lift out	Wirehouse to ibd	0.0%
RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC	2	Jun 25, 2020	Jun 19, 2020	SHERMAN, TX	Team lift out	Ibd to ibd	0.0%
WELLS FARGO ADVISORS	2	Jun 18, 2019	Jun 17, 2019	DALLAS, TX	Team lift out	Wirehouse to ibd	0.0%
BOK FINANCIAL ADVISORS	2	Apr 20, 2018	Mar 23, 2018	DALLAS, TX	Team lift out	Ibd to ibd	1.9%
STIFEL, NICOLAUS & COMPANY, INCORPORATED	2	Jul 28, 2016	Jul 8, 2016	DALLAS, TX	Team lift out	Other	0.1%
BEVERLY HILLS WEALTH MANAGEMENT, LLC	2	Jan 19, 2016	Dec 7, 2015	BEVERLY HILLS, CA	Team lift out	Other	18.2%
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED	2	Aug 25, 2015	Aug 21, 2015	DALLAS, TX	Team lift out	Other	0.0%

Relationships

showing 80 of 459

Registered with (75)

← HECTOR EDUARDO SALOMONAdvisorregistration: current employment
Aug 26, 2026 to presentfactForm ADV
← Renee C MathesonAdvisorregistration: current employment
Aug 26, 2026 to presentfactForm ADV
← CHARLES JEFFREY MCCORMICKAdvisorregistration: current employment
Aug 17, 2026 to presentfactForm ADV
← CLAYTON K TAYLORAdvisorregistration: current employment
Aug 6, 2026 to presentfactForm ADV
← KOREY MICHAEL KOOBAdvisorregistration: current employment
Jul 7, 2026 to presentfactForm ADV
← GARRETT ROBINSONAdvisorregistration: current employment
May 22, 2026 to presentfactForm ADV
← CARTER MONRADAdvisorregistration: current employment
May 11, 2026 to presentfactForm ADV
← CALEB ADAM BARNETTAdvisorregistration: current employment
Apr 20, 2026 to presentfactForm ADV
← MARK JAMESONAdvisorregistration: current employment
Mar 26, 2026 to presentfactForm ADV
← TAYLOR HEIFETZAdvisorregistration: current employment
Mar 24, 2026 to presentfactForm ADV
← CARLEIGH RAE SEESINGAdvisorregistration: current employment
Feb 2, 2026 to presentfactForm ADV
← ANGELA CHANDLER HATLEYAdvisorregistration: current employment
Jan 6, 2026 to presentfactForm ADV
← JAMES E PENCEAdvisorregistration: current employment
Dec 2, 2025 to presentfactForm ADV
← KOLE THOMAS JOHNSONAdvisorregistration: current employment
Nov 17, 2025 to presentfactForm ADV
← JOHN SCOTT KLINGENSMITHAdvisorregistration: current employment
Oct 31, 2025 to presentfactForm ADV
← NATWIAN VANDERVEERAdvisorregistration: current employment
Oct 30, 2025 to presentfactForm ADV
← JENNIFER LEE HUBERAdvisorregistration: current employment
Oct 22, 2025 to presentfactForm ADV
← ANDREW CRAIG BERNARDAdvisorregistration: current employment
Oct 22, 2025 to presentfactForm ADV
← WILLIAM DOUGLAS ETHERIDGEAdvisorregistration: current employment
Sep 22, 2025 to presentfactForm ADV
← KEVIN MICHAEL BURKEAdvisorregistration: current employment
Sep 15, 2025 to presentfactForm ADV
← JOHN V RIVERAAdvisorregistration: current employment
Sep 5, 2025 to presentfactForm ADV
← JAMES LUKE STONEAdvisorregistration: current employment
Aug 7, 2025 to presentfactForm ADV
← MICHAEL JOHN FORSTERAdvisorregistration: current employment
Jun 24, 2025 to presentfactForm ADV
← KIRK ROY FRICKEAdvisorregistration: current employment
May 29, 2025 to presentfactForm ADV
← BALIN THUROW SMITHAdvisorregistration: current employment
May 29, 2025 to presentfactForm ADV
← AVERY VANECHANOSAdvisorregistration: current employment
May 14, 2025 to presentfactForm ADV
← Christopher BeyerAdvisorregistration: current employment
Apr 15, 2025 to presentfactForm ADV
← PAUL JONATHAN O'TOOLEAdvisorregistration: current employment
Mar 25, 2025 to presentfactForm ADV
← STEPHEN KORNEGAY JONESAdvisorregistration: current employment
Mar 4, 2025 to presentfactForm ADV
← JAMES RAYMOND BUSSEYAdvisorregistration: current employment
Feb 24, 2025 to presentfactForm ADV
and 45 more

Affiliated with (5)

→ HILLTOP SECURITIES ASSET MANAGEMENT, LLCRegistered adviserother investment adviser, common control
factForm ADV
→ MOMENTUM INDEPENDENT NETWORK INC.Registered adviserother investment adviser, broker-dealer, common control
factForm ADV
← MOMENTUM INDEPENDENT NETWORK INC.Registered adviserother investment adviser, broker-dealer, bank, custodian, common control
factForm ADV
← HILLTOP SECURITIES ASSET MANAGEMENT, LLCRegistered adviserother investment adviser, broker-dealer, bank, common control
factForm ADV
← TC ADVISORS LTD.Registered adviserother investment adviser, broker-dealer, custodian
factForm ADV

Dated events

3 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Sep 17, 2026
Advisor changed firm
Kirk Roy Fricke left Hilltop Securities Inc. for Cetera Investment Advisers LLC (registered 2026-09-14)
Form ADVobserved yesterday
Occurred
Jun 1, 2026
Advisor changed firm
William Carr Stokes left Hilltop Securities Inc. for Frost Investment Services (registered 2026-06-02)
Form ADVobserved 5 days ago
Occurred
May 22, 2026
Advisor changed firm
Thomas Michael O'Connell left Hilltop Securities Inc. for Carnegie Wealth Management Llc (registered 2026-04-27)
Form ADVobserved 5 days ago
Occurred
May 1, 2026
Advisor changed firm
Nicholas Alexander Hughes left Hilltop Securities Inc. for Cetera Investment Advisers Llc (registered 2026-06-04)
Form ADVobserved 5 days ago
Occurred
Feb 2, 2026
Advisor changed firm
Brice Eber-Morris left Hilltop Securities Inc. for Rockefeller Capital Management (registered 2026-02-04)
Form ADVobserved 5 days ago
Occurred
May 15, 2025
Advisor changed firm
William Woolfolk Nelson left Hilltop Securities Inc. for Momentum Independent Network Inc. (registered 2013-08-08)
Form ADVobserved 5 days ago
Occurred
Apr 29, 2025
Advisor changed firm
Kristie Lyn Messina left Hilltop Securities Inc. for Messina Wealth Management, Llc (registered 2025-02-17)
Form ADVobserved 5 days ago
Occurred
Apr 29, 2025
Advisor changed firm
John D Boyle left Hilltop Securities Inc. for Ameriprise Financial Services, Llc (registered 2025-04-07)
Form ADVobserved 5 days ago
Occurred
Apr 29, 2025
Advisor changed firm
Keaton Russell left Hilltop Securities Inc. for Momentum Independent Network Inc. (registered 2025-01-13)
Form ADVobserved 5 days ago
Occurred
Jan 13, 2025
Advisor changed firm
Lawrence Jude Messina left Hilltop Securities Inc. for Messina Wealth Management, Llc (registered 2025-01-03)
Form ADVobserved 5 days ago
Occurred
Dec 20, 2024
Advisor changed firm
Christine R Pagliaro left Hilltop Securities Inc. for Morgan Stanley (registered 2025-01-02)
Form ADVobserved 5 days ago
Occurred
Aug 30, 2024
Team lift-out
3 advisors left Truist Advisory Services, Inc. (Dallas, TX) for Hilltop Securities Inc. within 5 days
Form ADVobserved 4 days ago
3 advisors
Occurred
Aug 28, 2024
Advisor changed firm
Nicholas C. Mcmahan left Hilltop Securities Inc. for Cetera Investment Advisers Llc (registered 2024-09-23)
Form ADVobserved 5 days ago
Occurred
Apr 9, 2024
Advisor changed firm
Angela Dawn Raley left Hilltop Securities Inc. for Bok Financial Advisors (registered 2024-04-08)
Form ADVobserved 5 days ago
Occurred
Mar 27, 2024
Advisor changed firm
John Christian Coyle left Hilltop Securities Inc. for Momentum Independent Network Inc. (registered 2024-02-29)
Form ADVobserved 5 days ago
Occurred
Mar 18, 2024
Advisor changed firm
Joseph Walter Turek left Hilltop Securities Inc. for Foundations Investment Advisors Llc (registered 2024-04-17)
Form ADVobserved 5 days ago
Occurred
Mar 14, 2024
Advisor changed firm
Patrick Garrett Deist left Hilltop Securities Inc. for Oakwell Private Wealth Management (registered 2024-03-25)
Form ADVobserved 5 days ago
Occurred
Mar 14, 2024
Advisor changed firm
Paige Richards left Hilltop Securities Inc. for J.P. Morgan Securities Llc (registered 2024-03-13)
Form ADVobserved 5 days ago
Occurred
Mar 6, 2024
Advisor changed firm
David Jay Pergande left Hilltop Securities Inc. for M Holdings Securities, Inc. (registered 2024-03-19)
Form ADVobserved 5 days ago
Occurred
Feb 22, 2024
Team lift-out
2 advisors left Edward Jones (San Antonio, TX) for Hilltop Securities Inc. within 4 days
Form ADVobserved 4 days ago
2 advisors
Occurred
Nov 30, 2023
Advisor changed firm
Jay David Angotti left Hilltop Securities Inc. for Kpc Financial Solutions, Llc (registered 2023-11-17)
Form ADVobserved 5 days ago
Occurred
Nov 30, 2023
Advisor changed firm
Craig A Callon left Hilltop Securities Inc. for Fisher Investments (registered 2023-12-01)
Form ADVobserved 5 days ago
Occurred
Oct 12, 2023
Team lift-out
2 advisors left Hilltop Securities Inc. (Dallas, TX) for Prospera Financial Services, Inc. on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Oct 12, 2023
Advisor changed firm
Joseph Andrew Giardano left Hilltop Securities Inc. for Prospera Financial Services, Inc. (registered 2023-09-21)
Form ADVobserved 5 days ago
Occurred
Oct 12, 2023
Advisor changed firm
Jonathan Mark Rawlings left Hilltop Securities Inc. for Prospera Financial Services, Inc. (registered 2023-09-21)
Form ADVobserved 5 days ago
Occurred
Sep 1, 2023
Advisor changed firm
Adam Ran Baker left Hilltop Securities Inc. for Fisher Investments (registered 2026-04-15)
Form ADVobserved 5 days ago
Occurred
Jul 5, 2023
Advisor changed firm
Daniel Wayne Steffes left Hilltop Securities Inc. for The Oak Ridge Financial Services Group, Inc (registered 2023-06-05)
Form ADVobserved 5 days ago
Occurred
Jul 5, 2023
Advisor changed firm
Jason Scott Dodson left Hilltop Securities Inc. for Lpl Financial Llc (registered 2023-06-13)
Form ADVobserved 5 days ago
Occurred
Jul 3, 2023
Team lift-out
2 advisors left Hilltop Securities Inc. (Longview, TX) for LPL Financial LLC within 2 days
Form ADVobserved 4 days ago
2 advisors
Occurred
Jul 3, 2023
Advisor changed firm
James Russell Malone left Hilltop Securities Inc. for Lpl Financial Llc (registered 2023-06-14)
Form ADVobserved 5 days ago
Occurred
Jun 13, 2023
Advisor changed firm
Michael Joseph Kane left Hilltop Securities Inc. for Momentum Independent Network Inc. (registered 2023-05-01)
Form ADVobserved 5 days ago
Occurred
Apr 27, 2023
Advisor changed firm
Kristopher Bryan Field left Hilltop Securities Inc. for Momentum Independent Network Inc. (registered 2023-05-04)
Form ADVobserved 5 days ago
Occurred
Apr 22, 2023
Team lift-out
2 advisors left Hilltop Securities Inc. (Austin, TX) for D.A. Davidson & CO. on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Apr 22, 2023
Advisor changed firm
Gene Parvon Dickey left Hilltop Securities Inc. for D.A. Davidson & Co. (registered 2023-03-27)
Form ADVobserved 5 days ago
Occurred
Apr 22, 2023
Advisor changed firm
Karen Laura Caulfield left Hilltop Securities Inc. for D.A. Davidson & Co. (registered 2023-03-27)
Form ADVobserved 5 days ago
Occurred
Apr 11, 2023
Advisor changed firm
Javier Jaime Cardenas left Hilltop Securities Inc. for Avantax Advisory Services (registered 2023-04-04)
Form ADVobserved 5 days ago
Occurred
Feb 22, 2023
Advisor changed firm
Tamra Lynn Enriquez left Hilltop Securities Inc. for Momentum Independent Network Inc. (registered 2022-03-15)
Form ADVobserved 5 days ago

Show 3 bookkeeping events

Occurred
Sep 18, 2026
Christian Jones registered as an investment adviser representative at Hilltop Securities Inc.
Occurred
Sep 16, 2026
Curran T Bradley registered as an investment adviser representative at Hilltop Securities Inc.
Occurred
Sep 14, 2026
Fletcher Atwood Hopper registered as an investment adviser representative at Hilltop Securities Inc.

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:6bb9a2c6-a705-b505-b56d-061da1a9de5e
First observed: Dec 22, 2011
Last observed: Aug 11, 2026 40 days ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

HILLTOP SECURITIES INC.

CRD 6220

DALLAS, TX

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Search this name across graphsid dfx:ria:6bb9a2c6-a705-b505-b56d-061da1a9de5e

Data as of Aug 11, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 2:49 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

JAMES HARDIE JONES

n/a

Dallas, TX

n/a

yes

MARK ALLEN CLIFT

n/a

Dallas, TX

yes

WALTER JOSEPH ANTHONY

n/a

Plano, TX

yes

PETER GEORGE CAPPOS

n/a

DALLAS, TX | Sherman Oaks, CA

yes

MILFORD LEE STERN

n/a

LOS ANGELES, CA | Sherman Oaks, CA

yes

JEFFREY MICHAEL MARGOLIS

n/a

Sherman Oaks, CA

yes

KEVIN DARIN KOTT

n/a

MONTEREY, CA | DALLAS, TX

yes

BRADLEY TODD GLASMAN

n/a

Heber City, UT | Sherman Oaks, CA

yes

DENNIS ROBBERECHT

n/a

Roseville, CA

yes

CLIFF J MILLEMANN

n/a

Roseville, CA | DALLAS, TX

yes

MICHAEL RICHARD DAVIDSON

n/a

DALLAS, TX | MONTEREY, CA

yes

LEONARD NORMAN LAUB

n/a

MONTEREY, CA | DALLAS, TX

yes

THOMAS JAMES FALEDAS

n/a

DALLAS, TX | MONTEREY, CA

yes

STACY LYNN STERNPORTMAN

n/a

CALABASAS, CA | Sherman Oaks, CA

yes

WILLIAM JAMES PINKERTON

n/a

MONTEREY, CA

yes

DAVID ALAN GOTZ

n/a

SAN DIEGO, CA

yes

EFRAIN FELIPE BORENSTEIN

n/a

PASADENA, CA | Sherman Oaks, CA

yes

PAUL LAWRENCE WUNSCH

n/a

STUDIO CITY, CA | Sherman Oaks, CA

yes

DAVID KEVIN NIELSEN

n/a

Roseville, CA

yes

GARY STEVEN FRAZEUR

n/a

LOS ANGELES, CA | Sherman Oaks, CA

yes

MARLENE AUDREY GOTZ

n/a

SAN DIEGO, CA

yes

GARY SCOTT WALLER

Certified Financial Planner

Roseville, CA

yes

MICHAEL CLEMENT SPOHN

n/a

SAN FRANCISCO, CA

yes

HOWARD DREW ARDEN

n/a

SAN DIEGO, CA

yes

MICHAEL DAVID KARP

n/a

Sherman Oaks, CA

yes

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

ALEXANDER, LAURA BONNELL

BOARD DIRECTOR

yes

08/2017

Aug 11, 2026

BARTOLOTTA, MICHAEL GEORGE

BOARD DIRECTOR

yes

12/2025

Aug 11, 2026

COYA, SCOTT ANDREW

CHIEF COMPLIANCE OFFICER

yes

01/2022

Aug 11, 2026

EDGE, JOSEPH MICHAEL

CHIEF FINANCIAL OFFICER

yes

01/2016

Aug 11, 2026

HILLTOP SECURITIES HOLDINGS,

Parent

yes

01/2015

Aug 11, 2026

LEVENTHAL, LAURA

BOARD DIRECTOR

yes

09/2013

Aug 11, 2026

MEDANICH, DAVID KING

BOARD DIRECTOR

yes

08/2017

Aug 11, 2026

SOBEL, JONATHAN SCOTT

Chairman

yes

07/2019

Aug 11, 2026

WINGES, MARTIN BRADLEY

CEO/PRESIDENT/DIRECTOR

yes

02/2019

Aug 11, 2026

WITTNEBEN, BRIAN LANE

GENERAL COUNSEL/SECRETARY

yes

03/2016

Aug 11, 2026

HILLTOP HOLDINGS INC.

Parent

yes

01/2015

Jan 21, 2015

Dec 19, 2024

HILLTOP SECURITIES HOLDINGS, LLC

Parent

yes

01/2015

Jan 21, 2015

Dec 19, 2024

MUSCHALEK, JOHN RICHARD

BOARD DIRECTOR

yes

03/2015

May 21, 2015

Dec 19, 2024

PINEDA, ROMEO LINSANGAN

PRINCIPAL OPERATIONS OFFICER

03/2022

Aug 11, 2026

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

HILLTOP SECURITIES ASSET MANAGEMENT, LLC

n/a

Institutional manager

$38B

yes

n/a

MOMENTUM INDEPENDENT NETWORK INC.

n/a

Bd affiliated wealth

$1.6B

yes

n/a

HILLTOP SECURITIES INSURANCE AGENCY INC.

n/a

yes

n/a

PLAINSCAPITAL BANK

n/a

yes

n/a

SOUTHWEST FINANCIAL INSURANCE AGENCY, INC.

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

SHERMAN OAKS

United States

yes

Dallas

United States

yes

Monterey

United States

yes

Austin

United States

yes

Plano

United States

yes

SAN DIEGO

United States

yes

OKLAHOMA CITY

United States

yes

Roseville

United States

yes

Norman

United States

yes

SAN FRANCISCO

United States

yes

BIG BEAR LAKE

United States

yes

FT. WORTH

United States

yes

Houston

United States

yes

Sherman

United States

yes

SAN ANTONIO

United States

yes

THE WOODLANDS

United States

yes

Lufkin

United States

yes

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 30, 2026

$2.5B

$1.8B

n/a

2024

Mar 26, 2025

$2.3B

$1.6B

n/a

2023

Mar 28, 2024

$1.9B

$1.4B

113

n/a

2022

Mar 30, 2023

$1.7B

$576M

113

n/a

2021

Mar 30, 2022

$2.0B

$497M

105

n/a

2020

Mar 31, 2021

$1.1B

$224M

110

n/a

2019

Mar 31, 2020

$1.4B

$375M

111

n/a

2018

Mar 29, 2019

$1.1B

$647M

167

n/a

2017

Mar 29, 2018

$1.1B

$470M

158

n/a

2016

Mar 30, 2017

$918M

$389M

155

n/a

2015

Mar 30, 2016

$927M

$315M

155

n/a

2014

Mar 30, 2015

$1.0B

$300M

204

n/a

2013

Sep 17, 2013

$959M

$237M

218

n/a

2012

Sep 28, 2012

$652M

$77.2M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

3.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$2.5B

$2.3B

11.2%

$1.7B

13.2%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

HILLTOP SECURITIES ASSET MANAGEMENT, LLC

May 15, 2025

Mar 5, 2024

DALLAS, TX

Channel change

Other

1.4%

PROSPERA FINANCIAL SERVICES, INC.

Oct 12, 2023

Sep 21, 2023

DALLAS, TX

Team lift out

Ibd to ibd

1.6%

LPL FINANCIAL LLC

Jul 3, 2023

Jun 14, 2023

LONGVIEW, TX

Team lift out

Ibd to ibd

1.6%

D.A. DAVIDSON & CO.

Apr 22, 2023

Mar 27, 2023

AUSTIN, TX

Team lift out

Ibd to RIA

1.6%

CETERA INVESTMENT ADVISERS LLC

Oct 18, 2022

Mar 21, 2024

LEAGUE CITY, TX

Team lift out

Ibd to ibd

3.1%

MOMENTUM INDEPENDENT NETWORK INC.

Apr 8, 2022

May 18, 2021

DALLAS, TX

Team lift out

Ibd to ibd

1.5%

D.A. DAVIDSON & CO.

Nov 22, 2021

Oct 25, 2021

AUSTIN, TX

Team lift out

Ibd to RIA

1.5%

VISTA INVESTMENT PARTNERS LLC

Jul 16, 2021

Jul 21, 2021

OKLAHOMA CITY, OK

Team lift out

Ibd to RIA

2.3%

KESTRA PRIVATE WEALTH SERVICES, LLC

May 27, 2020

Apr 29, 2020

DEL MAR, CA

Team lift out

Ibd to ibd

1.6%

STIFEL, NICOLAUS & COMPANY, INCORPORATED

Oct 12, 2015

Sep 28, 2015

SAN DIEGO, CA

Team lift out

Other

4.6%

B RILEY WEALTH MANAGEMENT

Oct 7, 2015

Sep 18, 2015

HOUSTON, TX

Team lift out

Other

2.7%

LPL FINANCIAL LLC

Sep 1, 2015

Aug 5, 2015

DALLAS, TX

Team lift out

Other

1.8%

RBC CAPITAL MARKETS, LLC

Jun 5, 2015

Jun 10, 2015

HOUSTON, TX

Team lift out

Other

1.7%

MONEX ASSET MANAGEMENT, INC.

May 1, 2015

Apr 7, 2015

SAN ANTONIO, TX

Team lift out

Other

1.7%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

TRUIST ADVISORY SERVICES, INC.

Aug 30, 2024

Sep 1, 2024

DALLAS, TX

Team lift out

Ibd to ibd

0.2%

EDWARD JONES

Feb 22, 2024

Mar 15, 2024

SAN ANTONIO, TX

Team lift out

Ibd to ibd

0.0%

MORGAN STANLEY

Aug 19, 2021

Jun 20, 2023

MEMPHIS, TN

Team lift out

Wirehouse to ibd

0.0%

PNC MANAGED ACCOUNT SOLUTIONS, INC.

Jun 30, 2021

Jul 15, 2021

AUSTIN, TX

Team lift out

Ibd to ibd

0.9%

WELLS FARGO ADVISORS

Sep 8, 2020

Aug 3, 2022

SOUTHLAKE, TX

Team lift out

Wirehouse to ibd

0.0%

RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC

Jun 25, 2020

Jun 19, 2020

SHERMAN, TX

Team lift out

Ibd to ibd

0.0%

WELLS FARGO ADVISORS

Jun 18, 2019

Jun 17, 2019

DALLAS, TX

Team lift out

Wirehouse to ibd

0.0%

BOK FINANCIAL ADVISORS

Apr 20, 2018

Mar 23, 2018

DALLAS, TX

Team lift out

Ibd to ibd

1.9%

STIFEL, NICOLAUS & COMPANY, INCORPORATED

Jul 28, 2016

Jul 8, 2016

DALLAS, TX

Team lift out

Other

0.1%

BEVERLY HILLS WEALTH MANAGEMENT, LLC

Jan 19, 2016

Dec 7, 2015

BEVERLY HILLS, CA

Team lift out

Other

18.2%

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Aug 25, 2015

Aug 21, 2015

DALLAS, TX

Team lift out

Other

0.0%