DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

First Dallas Securities, Inc.

Independent wealth managerDallas, TexasCRD 24549SEC 801-66208websiteIAPD
Latest filing Oct 31, 2025
First filing on the tape Dec 9, 2011 · 45 filings
SEC status approved since Jan 30, 2006
RAUM
$336M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
85%
$286M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$48.0M
derived; firm RAUM over IAPD count
Employees
20
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$336M as of Oct 31, 2025
Aug 30, 2012$132M then
HNW client RAUM$240M as of Oct 31, 2025
Oct 30, 2017$19.2M then
State-registered IARs (5.B.3)9 as of Oct 31, 2025
Aug 30, 20120 then
Employees (5.A)20 as of Oct 31, 2025
Sep 4, 201326 then
Private funds: no history
RAUM +43% over the last fiscal year+21% a year over threeIARs 9 to 9
Practice profile
derived from the filing of Oct 31, 2025; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$48.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
36derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$1.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.9derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+27%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-1.5%derived
Compensation
commissionsreportedItem 5.E
Advisory activities
portfolio management for individualsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$240M71%
  • Individuals$46.0M14%
  • Corporations and businesses$25.9M7.7%
  • Banks and thrifts$16.9M5.0%
  • Charitable organizations$6.9M2.0%
Individual clients
154reported
HNW clients
99reported
Pension plan clients
n/areported
Charitable clients
3reported
Accounts
266reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
commissionsreported
Class basis
private_client_share=0.85 fund_share=0.0 institutional_share=0.02 related_bd=false related_bank=false bd_reps=16.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Charmagne Marie DarabadeyDallas, TxMar 19, 202111 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Charmagne Marie Darabadey · Chief Compliance Officercontrol
    since 03/2021 · owns less than 5%
  • Craig Donaldson Hodges · Presidentcontrol
    since 09/2000 · owns less than 5%
  • Clark Brown Hodges · Trusteecontrol
    since 10/2011 · owns 25% to 50% of Hodges Capital Holdings Voting Trust
  • Craig Donaldson Hodges · Trusteecontrol
    since 10/2011 · owns 25% to 50% of Hodges Capital Holdings Voting Trust
  • Gary Mack Bradshaw · Muni Principal
    since 08/2019 · owns less than 5%
  • Stanley Glen III Hays · Finop
    since 01/2024 · owns less than 5%
Entity owners
  • Hodges Capital Holdings, Inc. · Shareholder
    direct · owns 75% or more
  • Hodges Capital Holdings Voting Trust · Shareholder
    indirect · owns 25% to 50% of Hodges Capital Holdings Inc.
Related persons
Schedule D 7.A
Advisers that list First Dallas Securities, Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Dallas, Tx · principal700
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 334 to 266
    Oct 29, 2024 to Oct 31, 2025
  • Charity clients · 4 to 3
    Oct 29, 2024 to Oct 31, 2025
  • Corporate clients · 9 to 8
    Oct 29, 2024 to Oct 31, 2025
  • HNW clients · 63 to 99
    Oct 29, 2024 to Oct 31, 2025
  • Individual clients · 256 to 154
    Oct 29, 2024 to Oct 31, 2025
  • Financial planning clients · 0 to 0
    Oct 29, 2024 to Oct 31, 2025
  • Discretionary RAUM · $297M to $336M
    Oct 29, 2024 to Oct 31, 2025
  • HNW RAUM · $178M to $240M
    Oct 29, 2024 to Oct 31, 2025
  • Individual RAUM · $74.9M to $46.0M
    Oct 29, 2024 to Oct 31, 2025
  • RAUM · $297M to $336M
    Oct 29, 2024 to Oct 31, 2025
  • Accounts · 339 to 334
    Nov 29, 2023 to Oct 29, 2024
  • Charity clients · 6 to 4
    Nov 29, 2023 to Oct 29, 2024
  • HNW clients · 21 to 63
    Nov 29, 2023 to Oct 29, 2024
  • Individual clients · 303 to 256
    Nov 29, 2023 to Oct 29, 2024
  • Discretionary RAUM · $234M to $297M
    Nov 29, 2023 to Oct 29, 2024
  • HNW RAUM · $42.2M to $178M
    Nov 29, 2023 to Oct 29, 2024
  • Individual RAUM · $158M to $74.9M
    Nov 29, 2023 to Oct 29, 2024
  • RAUM · $234M to $297M
    Nov 29, 2023 to Oct 29, 2024
  • Accounts · 330 to 339
    Oct 17, 2022 to Oct 21, 2023
  • Charity clients · 3 to 6
    Oct 17, 2022 to Oct 21, 2023
  • Corporate clients · 13 to 9
    Oct 17, 2022 to Oct 21, 2023
  • HNW clients · 66 to 21
    Oct 17, 2022 to Oct 21, 2023
  • Individual clients · 248 to 303
    Oct 17, 2022 to Oct 21, 2023
  • Discretionary RAUM · $221M to $234M
    Oct 17, 2022 to Oct 21, 2023
  • HNW RAUM · $131M to $42.2M
    Oct 17, 2022 to Oct 21, 2023
  • Individual RAUM · $58.3M to $158M
    Oct 17, 2022 to Oct 21, 2023
  • RAUM · $221M to $234M
    Oct 17, 2022 to Oct 21, 2023
  • Accounts · 243 to 330
    Aug 3, 2022 to Oct 17, 2022
  • BD registered reps · 17 to 16
    Aug 3, 2022 to Oct 17, 2022
  • Charity clients · unset to 3.0
    Aug 3, 2022 to Oct 17, 2022
  • Corporate clients · unset to 13.0
    Aug 3, 2022 to Oct 17, 2022
  • HNW clients · 65 to 66
    Aug 3, 2022 to Oct 17, 2022
  • Individual clients · 178 to 248
    Aug 3, 2022 to Oct 17, 2022
  • Employees · 22 to 20
    Aug 3, 2022 to Oct 17, 2022
  • Insurance-licensed employees · 7 to 8
    Aug 3, 2022 to Oct 17, 2022
  • Discretionary RAUM · $191M to $221M
    Aug 3, 2022 to Oct 17, 2022
  • HNW RAUM · $138M to $131M
    Aug 3, 2022 to Oct 17, 2022
  • Individual RAUM · $53.3M to $58.3M
    Aug 3, 2022 to Oct 17, 2022
  • RAUM · $191M to $221M
    Aug 3, 2022 to Oct 17, 2022
  • Accounts · 240 to 243
    Mar 18, 2021 to Sep 13, 2021
Signals
10 dated events
  • Brett Walker Rainey (Coo) no longer on Schedule A of First Dallas Securities, Inc. (listed 2021-09-14, absent 2022-01-19)
    Jan 19, 2022 · Control person left · inference
  • Brett Walker Rainey (Coo) appeared on Schedule A of First Dallas Securities, Inc.
    Sep 14, 2021 · Control person joined · fact
  • Michael Edward Rask (President, Rop) no longer on Schedule A of First Dallas Securities, Inc. (listed 2020-10-30, absent 2021-03-18)
    Mar 18, 2021 · Control person left · inference
  • Terra Rebecca Prince (Cco) no longer on Schedule A of First Dallas Securities, Inc. (listed 2020-10-30, absent 2021-03-18)
    Mar 18, 2021 · Control person left · inference
  • Charmagne Marie Darabadey (Chief Compliance Officer) appeared on Schedule A of First Dallas Securities, Inc.
    Mar 18, 2021 · Control person joined · fact
  • Linda Grant Larsen (Cco) no longer on Schedule A of First Dallas Securities, Inc. (listed 2019-08-16, absent 2019-10-30)
    Oct 30, 2019 · Control person left · inference
  • Terra Rebecca Prince (Cco) appeared on Schedule A of First Dallas Securities, Inc.
    Oct 30, 2019 · Control person joined · fact
  • Robert Leo Jr Kerch (Chief Compliance Officer/Rop/Finop/President) no longer on Schedule A of First Dallas Securities, Inc. (listed 2018-10-25, absent 2019-08-16)
    Aug 16, 2019 · Control person left · inference
  • Michael Edward Rask (President, Rop) appeared on Schedule A of First Dallas Securities, Inc.
    Aug 16, 2019 · Control person joined · fact
  • Linda Grant Larsen (Cco) appeared on Schedule A of First Dallas Securities, Inc.
    Aug 16, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
202-371-8300reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
214-954-1177reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
800-388-8512reportedpublished by the firm, firm site, Sep 17, 2026
Website
FIRSTDALLAS.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
214-954-1177reportedpublic record, Form ADV, Oct 31, 2025
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$48.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026