Hilltop Securities Asset Management, LLC

Registered investment adviser · Dallas, TX · CRD #110760

Form ADV data as of 2026-09-01

Regulatory assets

$37.70 billion

Total accounts

Employees

Disclosure events

Firm details

Website: https://www.hilltopsecurities.com/asset-management/
Telephone: 214-953-4000
SEC file number: 801-40189
Most recent Form ADV filing: 2026-03-26
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 3 disclosure questions answered Yes, covering 3 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$0
Non-discretionary regulatory assets under management	$37.70 billion
Total regulatory assets under management	$37.70 billion
Discretionary accounts	0
Non-discretionary accounts	60
Total accounts	60
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	31
Employees performing investment advisory functions (including research)	13
Employees who are registered representatives of a broker-dealer	13
Employees registered as investment adviser representatives with a state	13
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	0

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)Other

Advisory services offered

Portfolio management for businesses or institutional clientsEducational seminars/workshopsOther

Other business activities

Other financial product salesperson

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorMajor security-based swap participantCommodity pool operator or commodity trading advisorBanking or thrift institutionInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons

Client types

Type of client	Clients	Assets
State or municipal government entities (including government pension plans)	60	$37.70 billion