First Dallas Securities, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$285,996,365
Clients
253
Advisors
7
of 20 employees
About
First Dallas Securities, Inc. serves individual and high‑net‑worth clients as well as institutional clients (including trusts, estates, retirement plans and, unusually for firms of this size, banking or thrift institutions) through discretionary portfolio management and related advisory communications. The firm reports approximately $335.7 million in discretionary assets under management, nine advisors, and about 253 client relationships, and provides ongoing monitoring and account reviews for client accounts.
The firm’s investment approach emphasizes domestic equity securities—including small‑to‑mid cap and focused/concentrated strategies—and combines fundamental and technical analysis to make allocation and security‑selection decisions. Investment adviser representatives manage client accounts on a discretionary basis, use research provided by an affiliated research function, and may operate independently in trade timing across client accounts.
First Dallas Securities is dual‑registered as a broker‑dealer and an SEC‑registered investment adviser and, unlike most peers, provides advisory services on a commission‑based model rather than charging a percentage‑of‑AUM fee; it also discloses affiliations with Hodges Capital Management and ownership ties to Hodges Capital Holdings and routinely invests advisory assets in Hodges mutual funds for which affiliated entities receive 12b‑1 payments. The brochure discloses a 2017 FINRA sanction related to improperly charging ticket charges, and the firm notes the related conflicts of interest inherent in its commission and affiliate arrangements and the procedures it uses to monitor those conflicts.
Client services
Expertise
Fee options
Ticket charge per trade is $13.95 ($10 ticket charge plus $3.95 transaction fee). A $50 flat fee applies for equity trades valued between $0 and $999, plus 0% commission.
$0 - $999: $50 flat fee plus 0.00% commission on principal trade value $1,000 - $2,499: $50 flat fee plus commission rate (details truncated)
Commission-based compensation with commissions, transaction charges, 12b-1 or other mutual fund fees, and other customary brokerage charges imposed on transactions. Specific commission schedules vary by security type (stocks, bonds, options) and are detailed in Appendix A. For mutual funds, sales loads and 12b-1 fees apply as per fund prospectus. Ticket charge per trade is $13.95 ($10 ticket charge plus $3.95 transaction fee). Also receives 12b-1 fees aggregating 0.25% on Hodges Mutual Fund shares purchased.
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
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
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