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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 ascending MSRB ID State Registrant Type
Ravi Chitkara K0619 CA Municipal Advisor
Representative Name
Chitkara, Ravinder
Rathmann & Associates, L.P. K0161 TX Municipal Advisor
Representative Name
Lewis, Amy
Rathmann, Richard
Principal Name
Lewis, Amy
Rathmann, Richard
Ranson Financial Group, LLC K1196 KS Municipal Advisor
Ranson Financial Corp K0327 KS Municipal Advisor
Representative Name
Schwermann, William
Principal Name
Schwermann, William
Raftelis Financial Consultants, Inc. K0666 NC Municipal Advisor
R. G. Timbs, Inc K1183 NY Municipal Advisor
Representative Name
Bianchi, Jessica
Corney, Amanda
Principal Name
Bianchi, Jessica
Query & Associates LLC K0917 PA Municipal Advisor
Representative Name
Query, James
Principal Name
Query, James
Public Resources Advisory Group, Inc. K0133 NY Municipal Advisor
Public Finance Group LLC K0959 TX Municipal Advisor
Principal Name
Hubble, Linda
Public Finance & Energy Advisors, LLC K0702 OH Municipal Advisor
Representative Name
Kalina, Yuri
Small, Eric
Principal Name
Small, Eric
Public Economics, Inc. K1005 CA Municipal Advisor
Representative Name
Berg, Dwight
Principal Name
Berg, Dwight
Public Alternative Advisors, LLC K1054 NY Municipal Advisor
Representative Name
Orr, Peter
Principal Name
Orr, Peter
Project Finance Advisory Limited K0834 CA Municipal Advisor
Principal Name
Taylor, Victoria
Post Oak Municipal Advisors, LLC K1220 TX Municipal Advisor
Principal Name
Palmer, Charles
Porter, White & Company, Inc. A0742 AL Municipal Advisor
Principal Name
White, Goodloe
White, James
Pop-Lazic & Co. LLC K0124 CA Municipal Advisor
Representative Name
Pop-Lazic, Alexander
Principal Name
Pop-Lazic, Alexander
PolyChronic PMC, LLC K1038 IA Municipal Advisor
Representative Name
Fichter, Clinton
Principal Name
Fichter, Clinton
PMA Securities, LLC A4912 IL Municipal Advisor/Broker Dealer
Piper Sandler & Co. A1126 MN Municipal Advisor/Broker Dealer
Pilewski Financial, LLC K1226 IL Municipal Advisor
Representative Name
Pilewski, Joseph
Principal Name
Pilewski, Joseph
Pickwick Capital Partners, LLC K1137 NY Municipal Advisor
Principal Name
Greenwood, Douglas
Phoenix Capital Partners, LLP K0491 PA Municipal Advisor
Representative Name
Allen, Andre
Principal Name
Allen, Andre
Phoenix Advisors, LLC K0117 NJ Municipal Advisor
PFM Swap Advisors LLC K0949 PA Municipal Advisor
PFM Financial Advisors LLC K1162 PA Municipal Advisor
Representative Name
Alif, Faisal
Allen, Karlos
Anderson, David
Arndt, Jennifer
Baldwin, Brooke
Ballard, Jennifer
Bamber, Christopher
Bass, Jeremy
Berwanger, Michael
Bhavsar, Rahul
Bilal, Zainab
Bonow, John
Borgstrom, Ryan
Bouwmeester, Florien
Boyer, Karli
Breen, Joseph
Brown, Andrew
Brown, Albert
Brown, Eric
Bruch, Carolyn
Burmeister, Jon
Callender, Ricardo
Carbone, James
Carlson, Scott
Carter, Joanne
Carter, Brian
Case, William
Casperson, Heather
Charbanou, Omar
Chin, Samantha
Choi, Christine
Conway, Ryan
Cravens, Thomas
Crotty, John
Dabreo, Joseph
Daniel, Elise
Davidow, Lee
Davidson, Margaret
Deis, Dale
Dennis, Michael
Dilly, Frederick
Dinkla, Logan
Dowling, Kevin
Doyle, Jamie
Duggan, Daniel
Dunham, Dexter
Dunn, Miranda
Estrada, Andrew
Eversmeyer, Annalyssa
Fraizer, Michael
Frey, John
Frey, Sarah
Gallucci, Brian
Gawel, Joshua
Gerlach, Susanne
Glover, James
Go, Catherine
Gonzalez, David
Good, Sarah
Gordon, George
Griffiths, Kristine
Guilmino, Brad
Halperin, Carmel
Hanson, Kristin
Hartman, Daniel
Heidel, Eric
Hodge, Darren
Holley, Catherine
Houghton, Louise
Howe, Laura
Hughes, Melissa
Jacobson, Shannon
Jones, Nicholas
Kapenstein, Benjamin
Kardish, Daniel
Kedem, Karen
Kelley, Maritza
Khamsyvoravong, Xaykham
Kim, Dong
Kozloff, Daniel
Labuda, Melissa
Lee, Shanon
Lemieux, Steven
Li, Xiaoyun
Lomel, Elise
Lover, Christopher
Lowe, Lauren
Lugo Rudner, Mara
Mace, Michael
Maceroni, Stephen
Magarity, Mathew
Marshall, Margaret
Martinez, Joshua
Masvidal, Sergio
Matte, June
Matthews, Charles
Mccoy, Joshua
Mcdonald-Blanchett, Kari
Mclendon, Brandy
Mcnamara, Jenna
Mcpeek, Kevin
Melio, Mark
Miller, David
Mitchell, Jessica
Moore, Garrett
Moore, Sarah
Moran, Casey
Murphy, John
Nappi, Cailin
Naughton, Robert
Niedfeldt, Jeremy
Oblites, Rebecca
Opakunle, Fatimoh
Patel, Mudra
Patterson, Kirsten
Peloquin-Dodd, Mary
Perry-Glickstein, Rebecca
Pham, Tiffany
Plenzler, Kevin
Porter, Angela
Powell, Kristina
Pugh, Bethany
Remig, Bradley
Rich, Robert
Roberts, Blake
Rocca, Nicklas
Rotty, Kevin
Rudroff, Matthew
Santamaria, Julie
Scattini, Dominic
Schlesinger, James
Schmidt, Erica
Schnackenberg, Matthew
Schoenfeld, Matthew
Seng, Wen
Shan, Liang
Shearer, Scott
Shellenberger, Peter
Silbert, Miles
Singer, Nathaniel
Singer, Isabel
Smith, Trina
Stauder, Paul
Stewart, James
Stewart, Geoffrey
Stoffel, Matthew
Swartz, Carrie
Thomas, Nathan
Toepfer, Thomas
Tompkins, Dario
Trejo, Jaime
Upcraft, Charles
Van Der Hyde, Katie
Varona, Pedro
Visalli, Joseph
Wahl, Sean
Waley, Dennis
Walsh, Keely
Warren, Whitney
Watson, Nathaniel
Wilder, David
Williard, Zachary
Winterkamp, Frederick
Wright, Aaron
Wuollet, Anne
Yim, Hyejung
Zhang, Kathleen

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.