SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
First Dallas Securities, Inc.
Dallas, TX
CRD 24549
Firm filing updated October 31, 2025 ·
- $335.7MAssets
- 266Clients
- 9Advisory staff
- 266Accounts
Fees and minimums
All fee types on the form
- CommissionsYes
- Percentage of assets under managementNo
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals154
- High net worth individuals99
- Corporations or other businesses8
- Charities3
- Banks2
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 154 | $46.0 million |
| High net worth individuals | 99 | $240.0 million |
| Banking or thrift institutions | 2 | $16.9 million |
| Charitable organizations | 3 | $6.9 million |
| Corporations or other businesses not listed above | 8 | $25.9 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for individuals and/or small businesses
Assets and accounts
- Regulatory assets$335.7 million
- Accounts266
- DiscretionaryAll accounts
People
- Employees20
- Advisory staff9
- Broker-dealer reps16
- Licensed insurance agents0
- Planning clients0
Advisors
2 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 24549, SEC file 801-66208.
- Registered with the SEC as an investment advisor (status date on record: January 30, 2006).
Is First Dallas Securities, Inc. a fiduciary?
Short answer: First Dallas Securities, Inc. is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 16 staff are broker-dealer representatives and the firm is itself a broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.