HILLTOP SECURITIES INC.

CRD

6220

SEC file #

801-55529

EIN

—

DBA names

—

Economics

AUM

$2.51B

AUM band

$1B+

AUM trajectory

'20 · $1.10B

'21 · $1.42B

'22 · $1.79B

'23 · $2.02B

'25 · $2.25B

'26 · $2.51B

'20'26

$1.10B → $2.51B▲ +128%

sec adv history

Client mix

Individuals Other	2,736
Individuals High Net Worth	599
Corporations	49
Charitable Organizations	11
Pension Profit Sharing Plans	7

Operations

Employees (total)

Advisory staff (per ADV)

Advisory staff (5-yr trend)

'20 · 167 advisors

'21 · 111 advisors

'22 · 110 advisors

'23 · 105 advisors

'25 · 91 advisors

'26 · 92 advisors

'20'26

167 advisors → 92 advisors▼ -45%

sec adv history

Primary office

DALLAS TX

Branches

—

Custodian & Brokerage

Primary custodian

Hilltop Securitiesmedium confidence

adv brochure

Services offered

Financial planningPortfolio mgmt — individualsPension consultingSelection of other advisers

Fee basis

% of AUMHourly chargesFixed feesOther Compensation

Filings

Latest ADV filing

03/30/2026

advisors.hilltopsecurities.com/michael-forner

ADV-W filed at

—

Website

Compliance

Disclosures (firm)

Trademark

—

Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name

HILLTOP SECURITIES HOLDINGS,

Top Owner Pct

87.5

Top Owner Entity Kind

Owner Count

Control Persons

HILLTOP SECURITIES HOLDINGS,

ALEXANDER, LAURA BONNELL

Solo Advisor Indicator

Succession Risk Solo Owner

Is Parent Owned Subsidiary

Yes

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed

sec adv w

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book

Yes

Form 5500 Plan Count

Form 5500 Total Compensation

94,420

Form 5500 Compensation Trajectory 3y

2025	77,279
2026	17,141

Form 5500 Plan Count Trajectory 3y

2025	8
2026	1

Schedule C Total Compensation

94,420

Schedule C Service Provider Rows

SEC EDGAR

Edgar Cik

0000891055

Edgar Registered

Yes

Edgar Filing Count

931

Edgar First Filing Date

2002-08-27

Edgar Last Filing Date

2026-05-14

Edgar Form D Count

Edgar Form D Offerings

2025-05-162025-05-16 · 0000891055-25-000040

2025-05-162025-05-16 · 0000891055-25-000039

Edgar Former Names

SOUTHWEST SECURITIES, INC.

SWS SECURITIES INC.

Local market & wealth

Rank targets by how wealthy the local market is

Soi High Wealth Score

0.3858

Soi Zip Pct 200k Plus

0.1763

Soi Zip Returns 200k Plus

1860

Soi Zip Total AGI

4,466,335

Fdic Zip Total Deposits

888,284,786,000

Fdic Zip Branch Count

753

Fdic Zip Top Banks

JPMorgan Chase Bank, National Association

Texas Capital Bank, National Association

Compliance & brand

Firm Registration Status

active

sec adv w

All other collected signals (21)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed

sec adv w

Bc Firm Active Bc Count

brokercheck firm search

Bc Firm Active IA Count

brokercheck firm search

Bc Firm IAR Count

brokercheck firm search

Custodian Candidates

Window

Hilltop Securities

Full

Hilltop Securities	28
E*trade	4
Lpl Financial	1

adv brochure

Edgar Addresses

Mailing

717 HARWOOD STREETSUITE 3400DALLAS, TX 75201

Business

717 N. HARWOOD STREETSUITE 3400DALLAS, TX 75201

Edgar EIN

751382137

Edgar Recent Filings

13F-NT2026-05-14 · 0001104659-26-061282

MA-I2026-05-07 · 0000891055-26-000016

Fdic Zip Branches Raw

Comerica Bank - TexasDallas, TX

Fdic Zip HHI

2925.99

Fdic Zip Top Bank Share Pct

49.08

Fdic Zip Year

2025

Firm Has Custody

Yes

Mailing Office Differs

Soi Year

2022

Soi Zip Distribution

Stub 1

AGI	20,697
Returns	1,570

Stub 2

AGI	61,948
Returns	1,650

Stub 3

AGI	115,002
Returns	1,850

Soi Zip Total Business Income

25,654

Soi Zip Total Cap Gains

1,386,247

Soi Zip Total Dividends

286,624

Soi Zip Total Returns

10,550

Trust Company Affiliate

Yes

IAR · Executive Officer · 2.5%

People (59)

SOBEL, JONATHAN SCOTT

1540818

LAURA BONNELL ALEXANDER

2900382

COYA, SCOTT ANDREW

2511281

EDGE, JOSEPH MICHAEL

4326551

LAURA LEVENTHAL

1175259

MEDANICH, DAVID KING

1030727

JOHN RICHARD MUSCHALEK

2226859

WINGES, MARTIN BRADLEY

1929509

WITTNEBEN, BRIAN LANE

4861905

Romeo Linsangan Pineda