1. Corporate Overview

2. 2 Our History is Anchored in Tradition  A new vision and a new beginning.  Greater than the sum of its parts — The combination of two established, respected and successful broker-dealers to create a new firm.  2015 — FirstSouthwest and Southwest Securities came together under common ownership as part of the Hilltop Holdings family of companies. FirstSouthwest was founded in 1946.Southwest Securities was founded in 1972.

3. 3 A Bold Vision for Every Client’s Success HilltopSecurities delivers the forthright advice and tailored solutions necessary for municipal issuers, institutional investors, broker-dealers and individuals to thrive. Leveraging our bold, adaptive firm culture and deep municipal market experience, we:  Blend honesty with sound judgment.  Serve as our clients’ strongest ally and fiercest advocate. Creating and sustaining relationship capital, we understand our clients’ definitions of success:  From personal security and freedom … to institutional growth and community.

4. 4 A Formidable Commitment to Your Success HilltopSecurities offers specialized knowledge and insight for the following client segments: Municipal Issuers Institutional Investors Broker-Dealers and Registered Investment Advisers (RIAs) Individual Investors

5. 5 A Formidable Commitment to Your Success Our 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 deliver on this mission in two critical ways: Forthright Advice We listen and respectfully collaborate, pairing honesty with sound judgment to enable clients to achieve confidence in their decision-making. Tailored Solutions Our experienced financial professionals operate with the highest degree of integrity, never losing sight of the critical role collaboration plays. 12

6. 6 The HilltopSecurities Difference For municipal issuers, institutional investors, broker-dealers and individual investors, HilltopSecurities delivers the forthright advice and tailored solutions necessary for our clients to thrive. Clients choose us because of:  Our corporate boldness and adaptability.  Our national network in the municipal market.  Our ability to create and sustain relationship capital — the currency we value most.

7. 7 Municipal Issuers Solutions and Services Through our public finance professionals, we serve as financial advisors or underwriters to local and state governments, school districts, authorities, nonprofits and privately held entities across the U.S. Specialized sector expertise coupled with local and regional expertise in:  Financial Advisory  Underwriting  Continuing Disclosure  Asset Management  Corporate Finance

8. 8 Institutional Investor Solutions and Services Our capital markets professionals leverage in-house, real-time access to market experts and participants to inform both their own thinking and that of our clients. Our clients enjoy many benefits, including access to diverse products, personalized service, responsiveness and advice with integrity. We have built a broad distribution network and provide reliable access to a full spectrum of services, including:  Trading  Underwriting  Sales  Structured Finance  Corporate Finance

9. 9 Broker-Dealers and RIA Solutions and Services Our broker-dealer services provide clients with the technology they expect, along with highly responsive and highly personal service, making HilltopSecurities a true partner in the success of their business. We offer services that include:  Trading  Clearing Services  Securities Lending  Investment Adviser Services

10. 10 Individual Investor Solutions and Services Through our wealth management professionals, HilltopSecurities serves individuals and families, delivering personal, reliable financial advisory services and investment programs to meet client goals. Clients have access to our full-service advisory and wealth management platform to build investment plans and portfolios designed for their specific needs. Our comprehensive financial advisory services include:  Equity and fixed income securities  Mutual funds / exchange traded products  Money market funds  FDIC-insured deposits  Alternative investments  Insurance products  Futures and commodities  Managed accounts

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