First Southwest Asset Management, LLC (Dallas)

Name: First Southwest Asset Management, LLC
Address: 1201 Elm Street, Dallas, TX, 75270
Telephone: 214-953-4000

First Southwest Asset Management, LLC is a large advisory firm based in Dallas. It manages $12.3 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Florida, and 4 other states.

First Southwest Asset Management provides portfolio management for businesses and institutional clients and investment policy review,portfolio review,policy compliance review,flex repo bidding agent,assistance with banking services, etc. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as public funds investment mkt & arbitrage rebate.

First Southwest Asset Management: assets under management

The assets under management (AUM) of First Southwest Asset Management, LLC is $12.3 billion. The firm's AUM has grown by 60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in government bonds the most. They account for 41% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Southwest Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael John Marz serves?

The only and largest group of clients of Michael John Marz is state or municipal government entities with 46 clients and $12.3 billion of assets under management. Among the 9 most similar advisory firms, First Southwest Asset Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $12.3 billion for 46 clients. None of the firm’s clients are foreign persons or businesses.

First Southwest Asset Management doesn't advise any private funds.

Careers at First Southwest Asset Management, LLC

The company employs 25 people that are either part- or full-time employees. 8 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael John Marz has been acting as President since 1 Nov 1993. Michael Anthony Cogliano joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hillel Arnold Feinberg	Chairman, board of directors	1 Jan 1991	Other	205642
Michael John Marz	Director	1 Nov 1993	Other	874062
David Alan Commons	Chief financial officer	1 Jun 2006	Other	4614412
David King Medanich	President	1 Jun 2007	Other	1030727
L.L.C. First Southwest Holding	Parent company	1 Jan 2009	75% - 100%	26-3987572
Blake Barnes Morris	Chief compliance officer / aml officer	1 Feb 2013	Other	4591811
Joseph Michael Edge	Cheif financial officer	1 Feb 2016	Other	4326551
Michael Anthony Cogliano	Chief compliance officer	1 Jul 2018	Other	2505017

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hilltop Holdings Inc.	Parent	1 Jan 2015	75% - 100%	84-1477939
Llc Hilltop Securities Holding	Parent	1 Jan 2015	75% - 100%	47-2373402

Based in Dallas

The principal office where First Southwest Asset Management, LLC performs its advisory services is located at 1201 Elm Street, Dallas, TX 75270, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 214-953-4000 or by fax 214-840-5008. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at assetmanagement.firstsw.com.