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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 Sort descending Registrant Type
IRR Corporate & Public Finance, LLC K1047 KS Municipal Advisor
Principal Name
Hansen, John
Columbia Capital Management, LLC K0183 KS Municipal Advisor
Ranson Financial Corp K0327 KS Municipal Advisor
Representative Name
Schwermann, William
Principal Name
Schwermann, William
Ranson Financial Group, LLC K1196 KS Municipal Advisor
Froggatte & Co. K1134 KS Municipal Advisor
Representative Name
Froggatte, Theron
Principal Name
Froggatte, Theron
Kentucky Association of Counties K0644 KY Municipal Advisor
Representative Name
Campbell, Lonnie
Mittler, Kelly
Principal Name
Mittler, Kelly
RSA Advisors, LLC K1279 KY Municipal Advisor
Principal Name
Salsbury, Dwight
First Kentucky Securities Corporation. A0487 KY Municipal Advisor/Broker Dealer
Representative Name
Kramer, Raymond
Webb, Ruth
Principal Name
Kramer, Raymond
Toni Hackett Antrum K1185 LA Municipal Advisor
Representative Name
Antrum, Toni
Principal Name
Antrum, Toni
Trinity Capital Resources, LLC K0820 LA Municipal Advisor
Representative Name
Nosacka, Steven
Principal Name
Nosacka, Steven
Hancock Whitney Bank Municipal Advisors Group K0976 LA Municipal Advisor
Principal Name
Tanguis, Jeffery
Argent Advisors, Inc. K1233 LA Municipal Advisor
Representative Name
Hanes, Taylor
Mcgehee, Lucius
Principal Name
Hanes, Taylor
CLB Porter, LLC K0953 LA Municipal Advisor
Representative Name
Barney, Shawn
Wright, Kyle
Principal Name
Barney, Shawn
Sisung Securities Corporation A3587 LA Municipal Advisor/Broker Dealer
Principal Name
Sisung, Lawrence
UniBank Fiscal Advisory Services, Inc. K0174 MA Municipal Advisor
Latitude Financial Management, LLC K1297 MA Municipal Advisor
Representative Name
Alabiso, Vincent
Principal Name
Alabiso, Vincent
Ascensus Investment Advisors, LLC K0172 MA Municipal Advisor
Principal Name
Leahy, Kevin
Lowe, Thomas
MEKETA INVESTMENT GROUP INC /ADV K1259 MA Municipal Advisor
Representative Name
Ceserani, Kay
Duryea, William
Principal Name
Ceserani, Kay
Moors & Cabot, Inc. A1007 MA Municipal Advisor/Broker Dealer
Representative Name
Cuetara, Joseph
Svorinic, Peter
Municipal Advisors Group of Boston, Inc. K0423 MA Municipal Advisor
Representative Name
Canney, John
Principal Name
Canney, John
Derivative Advisors, LLC K1101 MA Municipal Advisor
Representative Name
Kennedy, Thomas
Principal Name
Kennedy, Thomas
OP Capital Advisors, LLC K1148 MA Municipal Advisor
Principal Name
Shea, Toby
Municipal Resource Advisors, LLC K1327 MD Municipal Advisor
Representative Name
Redd, James
MuniCap, Inc. K0641 MD Municipal Advisor
Nutshell Associates, LLC K1271 MD Municipal Advisor
Representative Name
Sweeney, Elizabeth
Principal Name
Sweeney, Elizabeth

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.