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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 Sort descending MSRB ID State Registrant Type
Bretwood Capital Partners K0653 GA Municipal Advisor
Representative Name
Johnson, Christopher
Stamps, Calvin
Principal Name
Stamps, Calvin
Bridge Strategic Partners LLC K0984 CA Municipal Advisor
Representative Name
Hamill, James
Penkower, Jonathan
Principal Name
Penkower, Jonathan
Bridgeport Partners, LLC K0583 IL Municipal Advisor
Representative Name
Schuppel, Jeffrey
Principal Name
Schuppel, Jeffrey
Brookhurst Development Corporation K1056 CA Municipal Advisor
Representative Name
Baize, Jeffrey
Principal Name
Baize, Jeffrey
Buck Financial Advisors LLC K0541 CO Municipal Advisor
Representative Name
Buck, John
Principal Name
Buck, John
Building Hope Service, LLC K1076 FL Municipal Advisor
Representative Name
Jenkins, Rebecca
Moreno, Ricardo
Principal Name
Moreno, Ricardo
Busey Bank K1190 IL Municipal Advisor
Representative Name
Hillard, Zachary
Morgan, Taylor
Principal Name
Hillard, Zachary
C Financial Investment Inc. K0549 CA Municipal Advisor
Principal Name
Gald, Steven
Cabrera Capital Markets, LLC A4470 IL Municipal Advisor/Broker Dealer
Representative Name
Aguilar, Robert
Kurth, Edward
Principal Name
Aguilar, Robert
Caine Mitter & Associates Incorporated K0184 NY Municipal Advisor
Caldwell Flores Winters, Inc K0214 CA Municipal Advisor
Caldwell Sutter Capital, Inc. A7050 CA Municipal Advisor/Broker Dealer
Representative Name
Crotty, Robert
Principal Name
Crotty, Robert
Calhoun, Baker Inc. K0148 PA Municipal Advisor
Representative Name
Calhoun, Jeffrey
Calhoun, Lucien
Principal Name
Calhoun, Lucien
California Municipal Advisors LLC K0972 CA Municipal Advisor
Principal Name
Weist, Cameron
Callowhill Capital Advisors LLC K1218 PA Municipal Advisor
Campanile Group, Inc. K1275 CA Municipal Advisor
Representative Name
Diaz-Phan, Norma
Phan, Johnny
Principal Name
Phan, Johnny
Capital Markets Advisors LLC K0489 NY Municipal Advisor
Capitol Public Finance Group, LLC K0554 CA Municipal Advisor
CapM Funding K0362 NV Municipal Advisor
Representative Name
Ofek, Tamar
Principal Name
Ofek, Tamar
Carty & Company, Inc. A0251 TN Municipal Advisor/Broker Dealer
Representative Name
Hurst, Edmond
Principal Name
Hurst, Edmond
CE Jones Consulting LLC K1285 NY Municipal Advisor
Representative Name
Jones, Cheryl
Principal Name
Jones, Cheryl
Cedar Partners, ltd. K0447 OH Municipal Advisor
Representative Name
Ping, Christy
White, Chrisotpher
Principal Name
Ping, Christy
Cedar Ventures LLC/DE K1291 GA Municipal Advisor
Representative Name
Jackson, James
Kassouf, Karen
Principal Name
Kassouf, Karen
Cender & Company, L.L.C. K0401 IN Municipal Advisor
Representative Name
Cender, Karl
Dalton, Steven
Principal Name
Cender, Karl
Dalton, Steven
CFW Advisory Services, LLC K1169 WA Municipal Advisor

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.