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Municipal Advisor Firms

MSRB-Registered Municipal Advisor Firms and Qualified Representatives and Principals

The Municipal Advisor Firms tab displays municipal advisor firms registered with the MSRB with at least one individual associated with the firm who has passed the MSRB’s Municipal Advisor Representative Qualification Examination (Series 50).1

Municipal advisor firms must have at least one individual appropriately qualified who has passed the Series 50 exam in order to engage in municipal advisory activities. Municipal market participants should closely review this list as part of evaluating the qualifications of a municipal advisor firm. Any entity that is engaging in municipal advisory activities on behalf of a municipal entity or obligated person client without having taken the necessary steps to become a duly registered municipal advisor firm – meaning having filed Form MA (Application for Municipal Advisor Registration) and Form MA-I (Information Regarding Natural Persons Who Engage in Municipal Advisory Activities) with the SEC and Form A-12 with the MSRB – could be deemed an unregistered municipal advisor firm, which is a violation of MSRB rules and other federal securities laws.

The link on this tab facilitates access to the required disclosures that municipal advisor firms make to the U.S. Securities and Exchange Commission (SEC) on SEC Forms MA and MA-I. These disclosures may include information about criminal actions, regulatory actions, investigations, terminations, judgments, liens, civil judicial actions, customer complaints, arbitrations and civil litigation, if any. Read more about working with municipal advisors in the MSRB Education Center. 

Click on a firm or individual’s name below to access the filings made with the SEC.

Only those MSRB-registered municipal advisor firms who have at least one Series 50-qualified representative can be found in the list below.

Find a Firm:
Show entries:
Firm Name MSRB ID State Registrant Type
RBC Capital Markets, LLC A4258 NY Municipal Advisor/Broker Dealer
Buck Financial Advisors LLC K0541 CO Municipal Advisor
Representative Name
Buck, John
Principal Name
Buck, John
Carty & Company, Inc. A0251 TN Municipal Advisor/Broker Dealer
Representative Name
Hurst, Edmond
Principal Name
Hurst, Edmond
Stifel, Nicolaus & Company,Inc A1313 MO Municipal Advisor/Broker Dealer
Representative Name
Zylstra, Jeffrey
Wu, David
Woodruff, Linnea
Willson, Lester
White, William
Weisshaar, Philip
Webb, David
Von Raab, Nicholas
Vincent, Dawn
Vargo, Jackson
Tumolo, Alex
Tritt, Andrew
Tripode, Timothy
Topalian, Adam
Teclaw, Mackenzie
Talvadkar, Dev
Swanson, Conner
Stelmack, Bryan
Stein, Randie
Stasen, Edward
Stark, Rose
Sides, Charles
Short, Michael
Shogren, Bret
Shogren, Stephen
Seymour, Hadley
Schumaker, Michael
Schumaker, Matthew
Ruiz, Roberto
Rucker, John
Ross, Brendan
Rosen, Kyle
Roess, Grant
Rocha, Nancy
Robertson, Brenton
Rippel, Jeremy
Riffle, Courtland
Richter, Logan
Rehm, Gary
Reedy, Thomas
Reader, Brian
Read, Elizabeth
Rawl, Madelyn
Radcliff, Laura
Quinn, Mark
Poswalk, Robert
Porembka, Kenneth
Paskulin, Marc
Papadopoulos, Lazaros
Palazzolo, John
Noble, Anne
Newtson, Jeremy
Napper, Richard
Murray, Edward
Murdock, Kelly
Moriarty, Christopher
Monroe, Lewis
Miller, Jeremiah
Mcshane, John
Mcdonagh, Trevor
Mccarthy, Sean
May, Lisa
Matlosz, Alan
Martin, Gina
Markisich, Layne
Machak, Gary
Luzecky, Mary
Lundberg, Bryan
Lubovich, Jandra
Lockhart, Claude
Lindsley, Graham
Levin, Matthew
Lehrer, Alec
Leeper, John
Lazalde, Carlos
Lavallee, Michael
Laurie, Kevin
Laorr, Eric
Lanam, Andrew
Laird, Whitney
Lahay, James
Kopinski, Dane
Klitzke, Bryan
Klaus, John
King, Patrick
Kinder, Joseph
Kim, John
Keny-Guyer, Jordan
Keninitz, Nathaniel
Kelly, Stephen
Karar, Joshua
Jones, John
Johnson, Jillian
Johansen, Matthew
Jin, Esther
Jarosz, Robert
Jahic, Admir
Jacob, Thomas
Imhoff, Michael
Hynote, Robert
Hutsler, James
Huskey, Bryan
Holton-Byrd, Pamela
Hoffert, Christopher
Hilpert, Colin
Hillstrom, Michelle
Heid, Kevin
Hart, Brady
Hamill, Grant
Gysin, Bradley
Gottfried, Barry
Gonzalez, Erica
Giardina, Jamie
Ghafoori, Martin
Garcia, Guillermo
Gallagher, Eileen
Funderburk, Ken
Fretz, Nathan
Franz, Robert
Forbes, Jonathan
Esrock, Rebecca
Elizondo, James
Dunn, Michael
Dugdale, Matthew
Doak, James
Dill, Daniel
Dill, David
Dennis, Claire
De Sena, Jaime
Davis, Debra
Daghestani, Omar
Czajkowski, Peter
Cross, Denise
Crandall, John
Crabtree, Thomas
Coyne, David
Cortez, Toby
Clark, Gregory
Christoff, Chad
Cherevka, Kenneth
Chang, Kavin
Cellars, Daniel
Cavnar, Andrew
Casillas, Robert
Cao, Shan
Canfield, Amy
Campos, Jake
Caine, Robert
Budakian, Robert
Buckfire, Kenneth
Bruggeman, Lucas
Brown, Sara
Brei, Blake
Brandt, Gary
Boyd, Lorenzo
Blevins, Brent
Blacklock, Chad
Biggio, William
Berlinger, Stacey
Benninghoff, Joshua
Bell, James
Bauer, Joshua
Bartolotta, Emily
Barna, Robert
Barber, Elizabeth
Baker, Peter
Arteberry, David
Angst, Bradley
Amoroso, Lori
Alley, Susan
Airhart, Michael
Ahlqvist, Karl
InnoVative Capital LLC K0426 PA Municipal Advisor
Representative Name
Richman, Alan
Principal Name
Richman, Alan
Live Oak Public Finance, LLC K1130 TX Municipal Advisor
Matrix Capital Markets Group, Inc. K1282 VA Municipal Advisor
ME Allison & Co., Inc. A0028 TX Municipal Advisor/Broker Dealer
Representative Name
Murphy, Linde
Allison, Christopher
Kaufman, Hall & Associates, LLC K0216 IL Municipal Advisor
Blue Rose Capital Advisors, LLC K0611 MN Municipal Advisor
CLB Porter, LLC K0953 LA Municipal Advisor
Representative Name
Wright, Kyle
Barney, Shawn
Principal Name
Barney, Shawn
Oyster River Capital LP K0364 FL Municipal Advisor
Representative Name
Labbe, Patrick
Principal Name
Labbe, Patrick
THB Advisory LLC K0420 NY Municipal Advisor
Representative Name
Boast, Thomas
Principal Name
Boast, Thomas
Callowhill Capital Advisors LLC K1218 PA Municipal Advisor
Great Disclosure LLC K1073 MI Municipal Advisor
Representative Name
Busse, Mary Anne
Principal Name
Busse, Mary Anne
South Avenue Investment Partners LLC K0190 CA Municipal Advisor
Representative Name
Williams, Thomas
Principal Name
Williams, Thomas
Financial Solutions Group, Inc. K0365 IN Municipal Advisor
Representative Name
Joyce, Tim
Guerrettaz, Gregory
Principal Name
Guerrettaz, Gregory
Torain Group K1198 NJ Municipal Advisor
Representative Name
Torain, Erick
Principal Name
Torain, Erick
Stanley P. Stone & Associates, Inc. K0293 FL Municipal Advisor
Representative Name
Stone, Stanley
Principal Name
Stone, Stanley
Pop-Lazic & Co. LLC K0124 CA Municipal Advisor
Representative Name
Pop-Lazic, Alexander
Principal Name
Pop-Lazic, Alexander
Baker Group LP A0081 OK Municipal Advisor/Broker Dealer
Bernard P. Donegan, Inc. K0211 NY Municipal Advisor
Ehlers & Associates, Inc K0165 MN Municipal Advisor
Sperry Capital Inc. K0514 CA Municipal Advisor
GB ASSOCIATES LLC K0922 NJ Municipal Advisor
Representative Name
Grossman, Neil
Principal Name
Grossman, Neil

1 The Municipal Advisor Firm tab is updated daily and is dependent on the quality of the data a municipal advisor submits to the Securities and Exchange Commission (SEC). If you believe your firm has been incorrectly omitted from this list, please contact MSRB Support at 202-838-1330 or MSRBsupport@msrb.org.

Any entity that is engaging in municipal advisory activities on behalf of a municipal entity or obligated person client without having taken the necessary steps to become a duly registered municipal advisor firm – meaning having filed Form MA (Application for Municipal Advisor Registration) and Form MA-I (Information Regarding Natural Persons Who Engage in Municipal Advisory Activities) with the SEC and Form A-12 with the MSRB – could be deemed an unregistered municipal advisor firm, which is a violation of MSRB rules and other federal securities laws. 

Series 50-Qualified Representatives

Series 50-Qualified Representatives 

The Series 50-Qualified Representatives tab displays the names of individuals who have passed the Series 50 examand are associated with an MSRB-registered municipal advisor firm.MSRB-registered municipal advisor firms must file a Form MA-I with the SEC which denotes that such individual(s) who are Series 50 qualified are engaged in municipal advisory activities on behalf of the municipal advisor firm. Pursuant to MSRB Rule G-3, only those associated persons who have passed the Series 50 exam are permitted to engage in municipal advisory activities or directly engage in the management, direction or supervision of the municipal advisory activities of the municipal advisor and its associated persons.3

The links on this tab facilitates access to the required disclosures that municipal advisor firms make to the SEC on SEC Forms MA and MA-I. These disclosures may include information about regulatory actions, criminal actions, and other matters, if any. Read more on Municipal Advisor Professional Qualification and Examination Requirements.

Click on a firm or individual’s name below to access the filings made with the SEC.

Only those who have passed the Series 50 exam and are associated with an MSRB-registered municipal advisor firm can be found in the list below.

1 The Series 50 exam is designed to test broad-based knowledge of the business and regulations applicable to municipal advisory activities. The examination is not designed to specifically test each specialized functional role or service that may be provided on behalf of a municipal advisor firm as defined in Section 15B of the Securities Exchange Act of 1934 and, therefore, does not confer the degree of knowledge and expertise needed to provide a municipal entity or obligated person client with informed advice as required under MSRB Rule G-42.

2 The Series 50-Qualified Representatives’ qualification status is updated weekly, generally on the first business day of the week, and is dependent on the quality of the data a municipal advisor firm submits to the SEC on SEC Form MA-I. If your firm believes that the name of a qualified associated person is not displayed and you have confirmed that a Form MA-I is on file for the individual, please contact MSRB Support at 202-838-1330.

Since the Series 50 exam is a pre-requisite to becoming qualified as a municipal advisor principal, individuals who are Series 54 qualified are also displayed on the Series 50-Qualified Representatives tab.

Series 54-Qualified Principals

Series 54-Qualified Principals 

The Series 54-Qualified Principals tab displays the names of individuals who have passed the Series 54 examand are associated with an MSRB-registered municipal advisor firm.Pursuant to MSRB Rule G-3, only those associated persons who have passed the pre-requisite exam, the Series 50 exam, and the Series 54 exam,3 are duly qualified as a municipal advisor principal and, thus, permitted to engage in the management, direction or supervision of the municipal advisory activities of the municipal advisor and its associated persons.

All MSRB-registered municipal advisor firms had to have at least one person appropriately qualified as a municipal advisor principal. Notwithstanding, every individual who meets the definition of a municipal advisor principal, as defined under MSRB Rule G-3(e), must be appropriately qualified as a municipal advisor principal; and pursuant to MSRB Rule G-44 each municipal advisor firm must designate one or more municipal advisor principals to carry out the responsibilities required by the rule.

The links on this tab facilitates access to the required disclosures that municipal advisor firms make to the SEC on SEC Forms MA and MA-I. These disclosures may include information about regulatory actions, criminal actions and other matters, if any. Read more on the Municipal Advisor Principal Qualification Examination (Series 54 Exam).

Click on a firm or individual’s name below to access the filings made with the SEC.

Only those who have passed the Series 54 exam and are associated with an MSRB-registered municipal advisor firm can be found in the list below.

1 The Series 54 exam is designed to test that a person seeking to qualify as a municipal advisor principal satisfies a specified level of competency and knowledge by measuring a person’s ability to apply the applicable federal securities laws, including MSRB rules to the municipal advisory activities of a municipal advisor.

2 The Series 54-Qualified Principals’ qualification status is updated weekly, generally on the first business day of the week, and is dependent on the quality of the data a municipal advisor firm submits to the SEC on SEC Form MA-I. If your firm believes that the name of a qualified associated person is not displayed and you have confirmed that a Form MA-I is on file for the individual, please contact MSRB Support at 202-838-1330.

3 Since the Series 50 exam is a pre-requisite to becoming qualified as a municipal advisor principal, individuals who are Series 54 qualified are also displayed on the Series 50-Qualified Representatives tab.