Broker-dealer firm · Dallas, TX
First Dallas Securities, Inc.
SEC-registered investment adviser · CRD 24549 · SEC 801-66208
At a glance
First Dallas Securities, Inc. is an SEC-registered investment adviser based in Dallas, Texas, with $336 million in regulatory assets under management as of its Form ADV filed October 31, 2025. Its largest client group by assets is high-net-worth individuals, and it reports 253 individual clients. By Form ADV it is a broker-dealer firm, ranked 234th of 391 broker-dealer firms and 9,619th of 17,210 SEC-registered advisers by assets.
Main office 214-954-1177firstdallas.comAs filed on Form ADV
- Regulatory AUM
- $336M
- Rank among broker-dealer firms
- #234 of 391
- Rank among all SEC RIAs
- #9,619 of 17,210
- Rank in Texas
- #641 of 1,081
- Individual clients
- 253
- High-net-worth clients
- 99
- Accounts
- 266
- Discretionary
- 100% of AUM
- Employees
- 20
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Craig Donaldson HodgesPresident
- Gary Mack BradshawMuni Principal
- Charmagne Marie DarabadeyChief Compliance Officer
- Stanley Glen III HaysFinop
Custody and brokerage
Broker-dealer
Hybrid RIA
First Dallas Securities, Inc. is a hybrid RIA: 16 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed October 2025) names First Dallas Securities as the broker-dealer its advisers are registered with.
uch commissions and other transaction fees and charges paid to us are paid to the particular investment adviser representative managing the account, who is also a registered representative of First Dallas Securities, Inc. as broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 99 | $240M | 71% |
| Individuals | 154 | $46M | 14% |
| Corporations or other businesses | 8 | $26M | 8% |
| Banking or thrift institutions | 2 | $17M | 5% |
| Charitable organizations | 3 | $7M | 2% |
Disciplinary disclosures
First Dallas Securities, Inc. answers yes to 7 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
How it’s paid
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗firstdallas.com ↗
AtlasMembers
The full record on First Dallas Securities, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 166 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does First Dallas Securities, Inc. manage?
First Dallas Securities, Inc. reports $336 million in regulatory assets under management across 266 accounts, 100% of it on a discretionary basis, on its Form ADV filed October 31, 2025.
What kind of firm is First Dallas Securities, Inc.?
First Dallas Securities, Inc. is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are First Dallas Securities, Inc.’s clients?
By assets, its largest client types are high-net-worth individuals ($240 million, 99 clients); individuals ($46 million, 154 clients); corporations or other businesses ($26 million, 8 clients).
Does First Dallas Securities, Inc. have any disciplinary history?
First Dallas Securities, Inc. answers yes to 7 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is First Dallas Securities, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2025-10-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →