First Dallas Securities, Inc. logo

First Dallas Securities, Inc.

Updated today

Client AUM

$344,479,011

Clients

356

Advisors

7

of 20 employees

About

First Dallas Securities serves individual investors — including high-net-worth clients — as well as institutional clients such as trusts, estates, charitable organizations, corporations, and retirement plans (the firm also notes relationships with banking or thrift institution clients). The firm offers discretionary portfolio management with an emphasis on equity securities, managing accounts through assigned investment adviser representatives and overseeing approximately $398 million in discretionary AUM with a small advisory team.

The firm’s investment process combines fundamental and technical analysis and can produce focused or concentrated equity portfolios that include small- to medium-cap and special-situation investments; investment decisions are made by the adviser representative in light of each client’s objectives and suitability factors. First Dallas Securities does not emphasize separate financial planning services in its brochure and generally manages accounts on a discretionary, transaction-oriented basis rather than under a percentage-of-assets model.

Distinctive aspects include dual broker-dealer and registered investment adviser activity: the firm operates its advisory business on a commission-based arrangement and its representatives are also registered broker-dealer representatives, and the firm is affiliated with Hodges Capital Management and may use Hodges’ research and mutual fund shares in client accounts. The brochure discloses a past disciplinary event (a 2017 FINRA sanction relating to ticket charges) and details potential conflicts of interest tied to shared commissions, 12b-1 payments, and revenue-sharing with its clearing firm that clients should consider.

Client services

Portfolio management

Expertise

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)

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Fee options

Percentage

$0 - $999: 50 flat fee + 0.00% $1,000 - $2,499: $50 flat fee + 1.25% $2,500 - $4,999: $55 flat fee + 1.00% $5,000 - $9,999: $65 flat fee + 0.95% $10,000 - $24,999: $75 flat fee + 0.90% $25,000 - $49,999: $150 flat fee + 0.80% $50,000 - $99,999: $200 flat fee + 0.70% $100,000 - $249,999: $250 flat fee + 0.60% $250,000++: $300 flat fee + 0.40%

Commissions

Commission-based compensation on transactions including stocks, bonds, options, and mutual funds; commissions vary by trade size and security type as per schedule in Appendix A; also ticket charge of $13.95 per trade ($10 ticket charge + $3.95 transaction fee). Includes mutual fund loads and 12b-1 fees.

Other

Account minimum: $100,000

Main office

2905 Maple Ave.

Dallas TX 75201

Advisors at this office

7

Most active in

Arizona · Arkansas · California · Colorado · Florida · Georgia · Louisiana · Nebraska · North Carolina · Oklahoma · Texas

Also doing business as

First Dallas Securities Incorporated · First Dallas Securities, Inc.

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Robert W

Series 63, Series 65

Dallas, TX

First Dallas Securities Incorporated

Robert Woodard is a financial advisor at First Dallas Securities Incorporated in Dallas, TX, holding Series 63 and Series 65 licenses with 42 years of industry experience. He has worked at First Dallas Securities since 1990 and has been affiliated with Hodges Capital Management Inc. since 1999. First Dallas Securities serves individual investors, including high-net-worth clients, as well as institutional clients such as trusts, estates, charitable organizations, corporations, and retirement plans. The firm provides discretionary portfolio management focused on equity securities, combining fundamental and technical analysis to create tailored portfolios that may include small- to medium-cap and special-situation investments.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
user avatar

Lee B

Series 66

Dallas, TX

First Dallas Securities Incorporated

Lee Bradshaw is a financial advisor at First Dallas Securities Incorporated with nine years of industry experience. He holds the Series 66 designation and has worked at both Hodges Capital Management and First Dallas Securities since 2017. Bradshaw also worked at Texas State University from 2015 to 2016. First Dallas Securities serves individual and institutional clients, including high-net-worth individuals, trusts, estates, and charitable organizations, managing discretionary equity portfolios with an emphasis on fundamental and technical analysis. The firm operates with a small team and oversees approximately $398 million in discretionary assets.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
user avatar

Carlos E

CFA®, Series 66

Dallas, TX

First Dallas Securities Incorporated

Carlos Esteve is a CFA® charterholder and holds a Series 66 license, with four years of industry experience. He has worked at First Dallas Securities Incorporated and Hodges Capital Management Inc. since 2023, and previously was employed by The Vanguard Group, Inc. and Huffines Communities. First Dallas Securities serves individual and institutional clients, including high-net-worth investors, trusts, estates, and charitable organizations. The firm emphasizes discretionary portfolio management with a focus on equity securities, combining fundamental and technical analysis to create portfolios tailored to client objectives.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
user avatar

Callan H

Series 66

Dallas, TX

First Dallas Securities Incorporated

Callan Hirschey is a financial advisor at First Dallas Securities Incorporated with a Series 66 designation and two years of industry experience. His prior work includes roles at Hodges Capital Management and Equitable Advisors, LLC. First Dallas Securities serves individual and institutional clients, offering discretionary portfolio management focused on equity securities. The firm combines fundamental and technical analysis to manage focused or concentrated small- to medium-cap and special-situation equity portfolios tailored to client objectives.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
user avatar

Craig H

Series 63, Series 65

Dallas, TX

First Dallas Securities Incorporated

Craig Hodges is a financial advisor with First Dallas Securities Incorporated and Hodges Capital Management Inc., holding Series 63 and Series 65 credentials and over 39 years of industry experience. He has been with First Dallas Securities since 1989 and founded Hodges Capital Management in 1998. Hodges serves on the investment foundation committee for the YMCA of Metropolitan Dallas and is a board member of the North Texas Crime Commission. First Dallas Securities serves individual and institutional clients, including high-net-worth individuals, trusts, estates, and charitable organizations. The firm employs a discretionary, equity-focused investment approach that integrates fundamental and technical analysis, managing accounts primarily through a commission-based, transaction-oriented model.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
user avatar

Charmagne D

Series 66

Dallas, TX

First Dallas Securities Incorporated

Charmagne Darabadey is a Series 66-licensed advisor with First Dallas Securities Incorporated in Dallas, TX, having seven years of industry experience. Prior to joining First Dallas Securities in 2018, she worked at Envestnet Inc. from 2014 to 2018. Darabadey is involved with Tinderwealth, a startup focused on creating an app that connects advisors with clients and facilitates opening accounts to invest in advisor-managed portfolios. First Dallas Securities serves individual and institutional clients, including high-net-worth individuals, trusts, estates, charitable organizations, corporations, and retirement plans. The firm employs discretionary portfolio management primarily focused on equity securities, combining fundamental and technical analysis to tailor concentrated equity portfolios aligned with client objectives.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
user avatar

Gary B

Series 63, Series 65

Dallas, TX

First Dallas Securities Incorporated

Gary Bradshaw is a financial advisor with First Dallas Securities Incorporated in Dallas, TX, holding Series 63 and Series 65 licenses and bringing 41 years of industry experience. He has worked at First Dallas Securities since 1990 and at Hodges Capital Management since 2001. Outside of his advisory role, Bradshaw owns and operates a cattle ranch in Cayuga, TX, and serves as a board member of the Soaring Eagle Center, a nonprofit organization in DeSoto, TX. First Dallas Securities serves individual and institutional clients, offering discretionary portfolio management focused on equity securities with a combination of fundamental and technical analysis. The firm manages approximately $398 million in assets and operates through a small advisory team.

Active portfolio management Concentrated stock management Retirement plans for business owners (SEP, solo 401k)
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