Howard Financial Services 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ISHARES TR	CORE S&P MCP ETF	464287507	637	2,371	SH		SOLE	0	0	0	2,371
ISHARES TR	CORE S&P500 ETF	464287200	2,101	4,886	SH		SOLE	0	0	0	4,886
ISHARES TR	S&P 500 GRWT ETF	464287309	219	3,004	SH		SOLE	0	0	0	3,004
ISHARES TR	RUS 1000 ETF	464287622	263	1,085	SH		SOLE	0	0	0	1,085
ISHARES TR	RUSSELL 2000 ETF	464287655	507	2,209	SH		SOLE	0	0	0	2,209
SPDR S&P 500 ETF TR	TR UNIT	78462F103	8,994	21,012	SH		SOLE	0	0	0	21,012
AMAZON COM INC	COM	023135106	2,491	724	SH		SOLE	0	0	0	724
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	263	948	SH		SOLE	0	0	0	948
BOEING CO	COM	097023105	515	2,151	SH		SOLE	0	0	0	2,151
INVESCO QQQ TR	UNIT SER 1	46090E103	6,009	16,954	SH		SOLE	0	0	0	16,954
AMGEN INC	COM	031162100	360	1,476	SH		SOLE	0	0	0	1,476
ABBOTT LABS	COM	002824100	222	1,914	SH		SOLE	0	0	0	1,914
ALTRIA GROUP INC	COM	02209S103	200	4,200	SH		SOLE	0	0	0	4,200
INTEL CORP	COM	458140100	322	5,732	SH		SOLE	0	0	0	5,732
DISNEY WALT CO	COM	254687106	271	1,541	SH		SOLE	0	0	0	1,541
HONEYWELL INTL INC	COM	438516106	240	1,094	SH		SOLE	0	0	0	1,094
JOHNSON & JOHNSON	COM	478160104	447	2,716	SH		SOLE	0	0	0	2,716
ISHARES TR	MSCI EAFE ETF	464287465	441	5,587	SH		SOLE	0	0	0	5,587
CHEVRON CORP NEW	COM	166764100	309	2,951	SH		SOLE	0	0	0	2,951
MICROSOFT CORP	COM	594918104	2,990	11,037	SH		SOLE	0	0	0	11,037
CISCO SYS INC	COM	17275R102	421	7,935	SH		SOLE	0	0	0	7,935
PEPSICO INC	COM	713448108	1,436	9,694	SH		SOLE	0	0	0	9,694
VERIZON COMMUNICATIONS INC	COM	92343V104	231	4,132	SH		SOLE	0	0	0	4,132
SPDR SER TR	S&P 600 SMCP VAL	78464A300	468	5,458	SH		SOLE	0	0	0	5,458
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	253	2,005	SH		SOLE	0	0	0	2,005
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	17,882	115,522	SH		SOLE	0	0	0	115,522
EXXON MOBIL CORP	COM	30231G102	411	6,523	SH		SOLE	0	0	0	6,523
WALMART INC	COM	931142103	271	1,920	SH		SOLE	0	0	0	1,920
UNION PAC CORP	COM	907818108	280	1,272	SH		SOLE	0	0	0	1,272
TEXAS INSTRS INC	COM	882508104	353	1,834	SH		SOLE	0	0	0	1,834
MERCK & CO INC	COM	58933Y105	216	2,773	SH		SOLE	0	0	0	2,773
GENERAL ELECTRIC CO	COM	369604103	141	10,451	SH		SOLE	0	0	0	10,451
JPMORGAN CHASE & CO	COM	46625H100	1,293	8,311	SH		SOLE	0	0	0	8,311
ISHARES TR	1 3 YR TREAS BD	464287457	749	8,692	SH		SOLE	0	0	0	8,692
FORD MTR CO DEL	COM	345370860	193	13,013	SH		SOLE	0	0	0	13,013
SOUTHWEST AIRLS CO	COM	844741108	1,023	19,265	SH		SOLE	0	0	0	19,265
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,394	6,258	SH		SOLE	0	0	0	6,258
APPLE INC	COM	037833100	9,781	71,414	SH		SOLE	0	0	0	71,414
SUNCOR ENERGY INC NEW	COM	867224107	113	4,700	SH		SOLE	0	0	0	4,700
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	502	2,660	SH		SOLE	0	0	0	2,660
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	36,062	239,249	SH		SOLE	0	0	0	239,249
ISHARES TR	EXPANDED TECH	464287515	211	540	SH		SOLE	0	0	0	540
SABINE RTY TR	UNIT BEN INT	785688102	985	24,431	SH		SOLE	0	0	0	24,431
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	742	13,666	SH		SOLE	0	0	0	13,666
NORTHROP GRUMMAN CORP	COM	666807102	599	1,649	SH		SOLE	0	0	0	1,649
ANNALY CAPITAL MANAGEMENT IN	COM	035710409	676	76,177	SH		SOLE	0	0	0	76,177
NETFLIX INC	COM	64110L106	438	829	SH		SOLE	0	0	0	829
EZCORP INC	CL A NON VTG	302301106	121	20,000	SH		SOLE	0	0	0	20,000
NVIDIA CORPORATION	COM	67066G104	484	605	SH		SOLE	0	0	0	605
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	63	10,073	SH		SOLE	0	0	0	10,073
YUM BRANDS INC	COM	988498101	309	2,688	SH		SOLE	0	0	0	2,688
ALLIANCE DATA SYSTEMS CORP	COM	018581108	1,049	10,069	SH		SOLE	0	0	0	10,069
ALPHABET INC	CAP STK CL A	02079K305	496	203	SH		SOLE	0	0	0	203
SPDR GOLD TR	GOLD SHS	78463V107	421	2,543	SH		SOLE	0	0	0	2,543
MERCURY GENL CORP NEW	COM	589400100	531	8,183	SH		SOLE	0	0	0	8,183
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	708	6,955	SH		SOLE	0	0	0	6,955
INTUITIVE SURGICAL INC	COM NEW	46120E602	230	250	SH		SOLE	0	0	0	250
CHIPOTLE MEXICAN GRILL INC	COM	169656105	2,713	1,750	SH		SOLE	0	0	0	1,750
VANGUARD WORLD FDS	INF TECH ETF	92204A702	378	949	SH		SOLE	0	0	0	949
ISHARES SILVER TR	ISHARES	46428Q109	366	15,091	SH		SOLE	0	0	0	15,091
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	405	11,908	SH		SOLE	0	0	0	11,908
MASTERCARD INCORPORATED	CL A	57636Q104	422	1,155	SH		SOLE	0	0	0	1,155
ISHARES TR	U.S. MED DVC ETF	464288810	251	696	SH		SOLE	0	0	0	696
DORCHESTER MINERALS LP	COM UNIT	25820R105	542	32,137	SH		SOLE	0	0	0	32,137
DYNEX CAP INC	COM	26817Q886	310	16,622	SH		SOLE	0	0	0	16,622
ENERGY TRANSFER L P	COM UT LTD PTN	29273V100	1,651	155,301	SH		SOLE	0	0	0	155,301
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	204	2,483	SH		SOLE	0	0	0	2,483
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	531	11,663	SH		SOLE	0	0	0	11,663
BLACKSTONE GROUP INC	COM	09260D107	299	3,076	SH		SOLE	0	0	0	3,076
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	480	9,326	SH		SOLE	0	0	0	9,326
FIRST TR EXCHANGE TRADED FD	ENERGY ALPHADX	33734X127	203	17,760	SH		SOLE	0	0	0	17,760
FIRST TR EXCHANGE TRADED FD	HLTH CARE ALPH	33734X143	228	1,950	SH		SOLE	0	0	0	1,950
VISA INC	COM CL A	92826C839	479	2,050	SH		SOLE	0	0	0	2,050
PHILIP MORRIS INTL INC	COM	718172109	361	3,646	SH		SOLE	0	0	0	3,646
VANECK VECTORS ETF TR	GAMING ETF	92189F882	330	6,221	SH		SOLE	0	0	0	6,221
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	858	23,334	SH		SOLE	0	0	0	23,334
HILLTOP HOLDINGS INC	COM	432748101	204	5,594	SH		SOLE	0	0	0	5,594
AGNC INVT CORP	COM	00123Q104	615	36,412	SH		SOLE	0	0	0	36,412
ISHARES TR	GL CLEAN ENE ETF	464288224	224	9,555	SH		SOLE	0	0	0	9,555
TWO HBRS INVT CORP	COM NEW	90187B408	1,099	145,395	SH		SOLE	0	0	0	145,395
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	3,270	82,895	SH		SOLE	0	0	0	82,895
DIREXION SHS ETF TR	DAILY LATIN AMER	25460E273	487	5,400	SH		SOLE	0	0	0	5,400
DIREXION SHS ETF TR	DLY MIDCAP ETF3X	25459W730	491	8,000	SH		SOLE	0	0	0	8,000
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	656	19,942	SH		SOLE	0	0	0	19,942
TESLA INC	COM	88160R101	674	992	SH		SOLE	0	0	0	992
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	802	15,660	SH		SOLE	0	0	0	15,660
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	255	4,817	SH		SOLE	0	0	0	4,817
SCHWAB STRATEGIC TR	US DIVIDEND EQ	808524797	36,072	477,017	SH		SOLE	0	0	0	477,017
ISHARES TR	MSCI USA MIN VOL	46429B697	216	2,928	SH		SOLE	0	0	0	2,928
FACEBOOK INC	CL A	30303M102	412	1,185	SH		SOLE	0	0	0	1,185
DIREXION SHS ETF TR	NAS100 EQL WGT	25459Y207	263	3,148	SH		SOLE	0	0	0	3,148
VANECK VECTORS ETF TR	MORNINGSTAR WIDE	92189F643	1,234	16,665	SH		SOLE	0	0	0	16,665
ISHARES INC	CORE MSCI EMKT	46434G103	246	3,672	SH		SOLE	0	0	0	3,672
ABBVIE INC	COM	00287Y109	467	4,148	SH		SOLE	0	0	0	4,148
LANDMARK INFRASTRCTUR PARTR	COM UNIT LTD	51508J108	175	13,745	SH		SOLE	0	0	0	13,745
WISDOMTREE TR	US QTLY DIV GRT	97717X669	3,211	53,811	SH		SOLE	0	0	0	53,811
INDEPENDENT BANK GROUP INC	COM	45384B106	1,941	26,232	SH		SOLE	0	0	0	26,232
SCHWAB STRATEGIC TR	SCHWAB FDT US SC	808524763	463	8,520	SH		SOLE	0	0	0	8,520
SCHWAB STRATEGIC TR	SCHWB FDT INT LG	808524755	1,825	54,835	SH		SOLE	0	0	0	54,835
ISHARES TR	MSCI USA QLT FCT	46432F339	34,625	260,590	SH		SOLE	0	0	0	260,590
GRAHAM HLDGS CO	COM CL B	384637104	511	806	SH		SOLE	0	0	0	806
ALPHABET INC	CAP STK CL C	02079K107	652	260	SH		SOLE	0	0	0	260
VIPER ENERGY PARTNERS LP	COM UNT RP INT	92763M105	345	18,346	SH		SOLE	0	0	0	18,346
WISDOMTREE TR	EM EX ST-OWNED	97717X578	8,972	213,269	SH		SOLE	0	0	0	213,269
ISHARES TR	MSCI LW CRB TG	46434V464	367	2,209	SH		SOLE	0	0	0	2,209
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	901	18,607	SH		SOLE	0	0	0	18,607
LATTICE STRATEGIES TR	HARTFORD MLT ETF	518416102	7,664	249,574	SH		SOLE	0	0	0	249,574
BLACK STONE MINERALS L P	COM UNIT	09225M101	816	75,873	SH		SOLE	0	0	0	75,873
ISHARES TR	MSCI INTL QUALTY	46434V456	8,583	222,577	SH		SOLE	0	0	0	222,577
SPDR SER TR	PRTFLO S&P500 HI	78468R788	384	9,581	SH		SOLE	0	0	0	9,581
VANGUARD WHITEHALL FDS	INTL DVD ETF	921946810	7,076	80,886	SH		SOLE	0	0	0	80,886
CONDUENT INC	COM	206787103	75	10,000	SH		SOLE	0	0	0	10,000
FIRST TR EXCHNG TRADED FD VI	TCW OPPORTUNIS	33740F805	1,031	19,228	SH		SOLE	0	0	0	19,228
MANAGED PORTFOLIO SERIES	TORTOISE NRAM PI	56167N720	1,768	78,492	SH		SOLE	0	0	0	78,492
ISHARES TR	ESG AWR MSCI USA	46435G425	414	4,204	SH		SOLE	0	0	0	4,204
PACER FDS TR	PACER US SMALL	69374H857	650	14,564	SH		SOLE	0	0	0	14,564
HARTFORD FDS EXCHANGE TRADED	TOTAL RTRN ETF	41653L305	1,803	44,025	SH		SOLE	0	0	0	44,025
VIRGIN GALACTIC HOLDINGS INC	COM	92766K106	626	13,600	SH		SOLE	0	0	0	13,600
J P MORGAN EXCHANGE-TRADED F	BETABULDRS JAPAN	46641Q217	285	5,043	SH		SOLE	0	0	0	5,043
J P MORGAN EXCHANGE-TRADED F	BETABUILDERS EUR	46641Q191	789	13,479	SH		SOLE	0	0	0	13,479
J P MORGAN EXCHANGE-TRADED F	BETABUILDERS CDA	46641Q225	296	4,577	SH		SOLE	0	0	0	4,577
UBER TECHNOLOGIES INC	COM	90353T100	348	6,950	SH		SOLE	0	0	0	6,950
PALANTIR TECHNOLOGIES INC	CL A	69608A108	375	14,226	SH		SOLE	0	0	0	14,226
OUSTER INC	COM	68989M103	162	13,000	SH		SOLE	0	0	0	13,000
SUNCOR ENERGY INC NEW	COM	867224107	29	10,000	SH	Call	SOLE	0	0	0	10,000