HilltopSecurities is a leading municipal investment bank with the strength, stability, and financial knowledge to help communities, businesses, and individuals move their bold visions forward.

As a full-service investment bank with over 70 years of history providing public entity solutions, HilltopSecurities serves clients across the nation through four complementary business divisions: public finance, wealth management, fixed income capital markets, and structured finance/debt capital markets (DCM).

HilltopSecurities’ Public Finance division consistently ranks among the top municipal advisors in the country each year, and is ranked as the No. 1 municipal advisory firm nationwide based on number of transactions for the past decade.1

The Wealth Management division maintains employee and independent broker channels who serve individual investors across the nation. The division also houses a clearing services business, which has earned HilltopSecurities the No. 3 spot among the top clearing and custodial firms for financial advisors.2

The Structured Finance/DCM division provides specialty financing solutions to public & private entities, as well as housing finance agencies (HFAs). The division’s housing group provides TBA administration services to 17 state housing authorities throughout the country.3 Since 2012, the group has purchased more than $30 billion in mortgage-backed securities from HFAs, enabling them to offer affordable housing programs and work with lenders to originate billions in first-time homebuyer mortgages.4


1. For the 10-year period ending Dec. 31, 2019, per Ipreo MuniAnalytics

2. Based on reported number of broker-dealer clients as of Aug. 17, 2019, per Investment News.

3. Represents HFAs under contract and in contract implementation process.

4. As of June 11, 2020, per internal company records.

Through their combined years of experience, each individual that makes up the leadership of HilltopSecurities brings wisdom and insight to one of the premier financial advisory and investment banking firm in the Southwest United States. Each leader has extensive experience in the financial services industry and uses his unique perspective to grow the business and exceed expectations.

Brad Winges President and CEO

Brad Winges

President and CEO

As President and CEO of HilltopSecurities, Mr. Winges leads the investment bank’s strategic direction and oversees its financial strength, stability, and management. He joined HilltopSecurities in February 2019 from Piper Jaffray, where he served as senior managing director and as a member of the firm’s leadership team. Mr. Winges has more than 34 years of experience in the financial services industry with specialized expertise in municipal and fixed income sales and trading. He is a former member of the Chicago Board of Trade and the Chicago Mercantile Exchange. Mr. Winges earned a Bachelor of Science in economics from the University of Wisconsin—Madison.

Jonathan S. Sobel Chairman

Jonathan S. Sobel

Hill A. Feinberg Chairman Emeritus

Hill A. Feinberg

Chairman Emeritus
J. Michael Mike Edge Chief Financial Officer HilltopSecurities

J. Michael Edge

Chief Financial Officer
John R. Muschalek Senior Managing Director, Head of HilltopSecurities Wealth Management HilltopSecurities

John R. Muschalek

Senior Managing Director, Head of HilltopSecurities Wealth Management

HilltopSecurities and HilltopSecurities Independent Network

1201 Elm Street
Suite 3500
Dallas, TX 75270