HILLTOP SECURITIES INC.
DALLAS, TX

HilltopSecurities delivers the forthright advice and tailored solutions necessary for municipal issuers, institutions, broker-dealers and individuals to thrive. Leveraging our bold, adaptive firm culture and deep municipal market experience, HilltopSecurities blends honesty with sound judgment, serving as our clients’ strongest ally and fiercest advocate. Creating and sustaining relationship capital enables us to understand our clients’ definitions of success — from personal security and freedom to institutional growth and community expansion — in a way that is both meaningful and rewarding. The Financial Services Firm of Choice Rooted in the communities we serve, HilltopSecurities is honored to work with those who advance our society. We engage all of our firm’s resources to ensure clients are empowered to make the best decisions that enable their growth and expansion. For municipal issuers, we offer a deep understanding of diverse objectives through extensive experience and a purity of purpose. Our reliable, effective solutions, paired with accurate and relevant market information, allow institutional investors to achieve specific liquidity and capital demands. Broker-dealers and Registered Investment Advisers are able to leverage our deep industry experience and the resources of the nation’s third largest* clearing firm to meet their specific needs Helping Clients Thrive At HilltopSecurities, our solutions and services are developed by teams of experienced financial professionals, who embrace our vision to build noble and collaborative relationships that enrich the financial future of individuals, businesses and communities. With a mission to serve as trusted advocates for our clients by providing the expert financial guidance, solutions and services that achieve their definition of success, we are committed to always operating with the highest degree of integrity, never losing sight of the critical role collaboration plays in achieving each of our clients’ definitions of success and being adaptable and respectful while always pursuing excellence. Our Mission and Values HilltopSecurities represents both the realization of a vision and a new beginning -- the combination of two established, respected and successful broker-dealers to create a new firm, greater than the sum of its parts. In January of 2015, Hilltop Holdings Inc. (NYSE: HTH), a Texas-based diversified financial holding company acquired , a regional full-service broker-dealer founded in 1972. Hilltop Holdings is the parent company of PlainsCapital Bank, the 6th largest Texas-based bank by deposits, PrimeLending, a mortgage originator ranked 6th in the U.S. for purchase units in 2014, and National Lloyds Corporation, a niche property and casualty underwriter providing homeowners insurance for low value dwellings. First Southwest Company , a broker-dealer established in 1946 and renowned for its nationwide public finance advisory business. With complementary business lines and a shared history representing more than 112 years of industry experience, Southwest Securities and FirstSouthwest were combined under the HilltopSecurities brand to create a new, stronger firm backed by a well-capitalized, publicly traded parent company to serve as trusted advocates for our clients. The consolidation of these firms represents the blending of two traditions of innovation, integrity and service. Decades ago, each firm sank deep roots in Texas before branching out to deliver their unique expertise to clients across the nation. FirstSouthwest was founded in Texas in 1946 by a small group of men who had met during their service in World War II. Originally dedicated to serving the financing needs of local municipalities, FirstSouthwest has grown into a national firm with offices across the country and expertise in every sector of public finance. Early in its history, FirstSouthwest established itself as an innovator, developing a number of financial tools that were embraced across the industry. Through its work with municipalities, the firm defined the role of today’s public finance advisor. In the 1970s, FirstSouthwest cemented its place in the national public finance industry by developing and implementing a financial plan to build an oil storage facility in the Port of Valdez in Alaska using tax-exempt revenue bonds. At the time it was the largest tax-exempt deal ever brought to market. Over the next four decades the firm continued to grow, expanding its presence in New England, New York, California and Alaska through strategic acquisitions. At the same time, FirstSouthwest has organically grown its business and suite of services to include arbitrage rebate, asset management and continuing disclosure. In addition to its role as a national leader in public finance, the firm’s other business units include capital markets, corporate finance and correspondent clearing services. Southwest Securities was founded in Dallas in 1972 as MidSouthwest Securities, before changing its name in 1979. The company began with a single office and a handful of dedicated employees and has grown into one of the largest New York Stock Exchange member firms in the Southwest with offices across the country. The firm was one of the first broker-dealers to enter the fully disclosed securities clearing business. In the 1970s, Southwest Securities became the “back office” for a number of other brokerage houses, and clearing developed as a core business. In the following decades, the firm made strategic acquisitions and added complementary lines of business, entering the public finance and municipal underwriting business in 1987. In the early 90s, the company also acquired trust and money management firms, growing its footprint and adding business lines. Through an IPO in October 1991, Southwest Securities became the primary subsidiary of Southwest Securities Group, Inc., a publicly held parent company (later renamed SWS Group) and significantly expanded its fixed income business a few years later through the acquisition of another DFW-area brokerage firm. In 2008, the firm’s retail business established a major presence on the West Coast through the acquisition of M.L. Stern & Co.