HilltopSecurities is a unique blend of financial strength, deep industry knowledge, and years of experience. But that’s only part of the story.
Our firm was born out of the fusion of two respected and successful firms with complementary business lines: First Southwest Company, a broker-dealer founded in 1946 and known for its municipal advisory practice, and Southwest Securities Inc., a full-service broker dealer since 1972.
As part of Hilltop Holdings, a well-capitalized and publicly traded parent company, we’re backed by a strong and diverse financial services enterprise. One that’s focused on moving our clients forward. Nothing better represents this than our iconic buffalo mascot, “Mo,” a symbol for our collective strength, unified force, and the unstoppable momentum of an advancing herd.
70+ Years of History
1946 – First Southwest Company forms in Dallas as a broker-dealer specializing in public finance. FirstSouthwest begins ongoing relationship with the City of Dallas as municipal advisor.
1972 – Southwest Securities Inc. incorporates and becomes one of the first broker-dealers to enter the fully disclosed securities clearing business.
1977 – FirstSouthwest serves as municipal advisor on financing of Alaska’s Valdez Marine Terminal—then the largest privately funded construction project at $8 billion.
1997 – SWS Group Inc. lists on the New York Stock Exchange. Southwest Securities adds 12 correspondent firms with acquisition of Equity Securities Trading Company Inc.
2002 – Southwest Securities adds 48 correspondent firms with prompt merger of MJK Clearing.
2004 – Hilltop Holdings Inc. completes IPO on the NYSE. FirstSouthwest advises the Central Florida Expressway Authority on est. $500 million floating rate debt swap.
2008 – PlainsCapital Corporation acquires FirstSouthwest. SWS Group Inc. acquires M.L. Stern & Company.
2012 – Hilltop Holdings Inc. acquires PlainsCapital Corporation. FirstSouthwest launches national HFA market rate TBA program.
2015 – Hilltop Holdings acquires SWS Group Inc.
2016 – HilltopSecurities forms from merger of FirstSouthwest and Southwest Securities.