Hilltop Securities Independent Network Inc. (Dallas)

Name: Hilltop Securities Independent Network Inc.
Address: 1201 Elm Street, Dallas, TX, 75270
Telephone: 214-859-1800

Hilltop Securities Independent Network Inc. is a large advisory firm based in Dallas. It manages $421.41 million of regulatory assets for 1,920 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Hilltop Securities Independent Network provides portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hilltop Securities Independent Network: assets under management

The assets under management (AUM) of Hilltop Securities Independent Network Inc. is $421.41 million. The firm's AUM has grown by 49% since the beginning of its operation, and $330.03 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $98.07 million in discretionary accounts and $323.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $178.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.84 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hilltop Securities Independent Network Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Laura Leventhal serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Laura Leventhal is individuals with 1,498 clients and $385.32 million of assets under management. Among the 12 most similar advisory firms, Hilltop Securities Independent Network has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $421.41 million for 1,516 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Hilltop Securities Independent Network doesn't advise any private funds.

Careers at Hilltop Securities Independent Network Inc.

The company employs 122 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 122 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Laura Leventhal has been acting as President since 1 Oct 2013. Laura Bonnell Alexander joined the executive team most recently as the Board Of Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Allen R Tubb	Secretary/general counsel	1 Oct 2000	Other	xxx-xx-xxxx
William Barry Temple	Municipal principal	1 Nov 2004	Other	2357830
Michael Anthony Cogliano	Chief compliance officer	1 Apr 2010	Other	2505017
Laura Leventhal	Vice president/cfo/treasurer	1 Dec 2011	Other	1175259
Bonnie Rachael Licalsi	Vice president/controller	1 Dec 2011	Other	2203919
Laura Leventhal	Director	1 Oct 2013	Other	1175259
Llc Hilltop Securities Holdings	Parent	1 Jan 2015	75% - 100%	47-2373402
Robert Wayne Peterson	Board director	1 Mar 2015	Other	2441207
Hillel Arnold Feinberg	Board chairman	1 Mar 2015	Other	205642
John Richard Muschalek	Board director	1 Mar 2015	Other	2226859
David Edward Geschke	President / ceo	1 Apr 2015	Other	1618774
William Woolfolk Nelson	Head of sws financial services, inc.	1 Sep 2015	Other	4565607
Brian Lane Wittneben	General counsel	1 Mar 2016	Other	4861905
Laura Bonnell Alexander	Board of director	1 Aug 2017	Other	2900382
David King Medanich	Board of director	1 Aug 2017	Other	1030727
Michael John Marz	Board of director	1 Aug 2017	Other	874062

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Hilltop Holdings Inc.	Parent	1 Jan 2015	75% - 100%	84-1477939

Based in Dallas

The principal office where Hilltop Securities Independent Network Inc. performs its advisory services is located at 1201 Elm Street, Dallas, TX 75270, which is also the mailing address of the firm. An additional office of the firm is in Corydon, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-859-1800 or by fax 214-859-5500. The normal business hours are 8:00 am - 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at herrickadvisors.com and its LinkedIn profile.