2023 Broker Dealers

The Office of the Chicago City Treasurer (“Treasurer”) internally manages the City’s investment portfolio with more than $10.013 Billion in AUM. The objective of the Treasurer is to invest funds in a manner that provides the highest risk adjusted returns possible while using authorized instruments, while meeting daily cash flow demands and conforming to all state and local statutes governing the investment of public funds. The Treasurer’s Office works with a number of qualified Broker Dealers that facilitate investment transactions. 

Broker Dealer RFI

The Office issues a Request for Information (RFI) questionnaire annually to facilitate annual qualification of each Broker Dealer interested in working with the City’s Investment Portfolio. The Office evaluates interested Broker Dealers based on criteria set by the City Treasurer, including the firm’s prior experience, financial stability, diversity and inclusion, corporate social responsibility and other requirements deemed necessary by the Office and the Municipal Code. The Treasurer’s Office is focused on providing business opportunities to firms based in Illinois and firms owned by minorities, women, veterans, and persons with a disability (MWVD).

List of 2023 Approved Broker Dealers

Academy Securities, Inc.
Amerivet Securities
Bank of America Merrill Lynch
Blaylock Van, LLC
BMO Harris
Brean Capital, LLC
Cabrera Capital Markets, LLC
CastleOak Securities, LP
Citigroup Global Markets, Inc
Drexel Hamilton, LLC
FHN Financial Securities
Fifth Third Securities, Inc.
Goldman Sachs & Co., LLC
Great Pacific Securities
Inspere X LLC
Jeffries Group, LLC
JP Morgan Securities
KeyBanc Capital Markets Inc.
Loop Capital Markets, LLC
Mischler Financial Group
Mizuho Securities USA, Inc.
Morgan Stanley
Northern Trust Securities, Inc
Penserra Securities, LLC
PNC Capital Markets LLC
R. Seelaus & Co, Inc
Raymond James Financial, Inc
RBC Capital Markets, LLC
Rice Securities, LLC
Samuel A. Ramirez & Co, Inc
Stifel, Nicolaus & Co, Inc
TD Securities, Inc.
Truist Securities
UBS Financial Services
Wells Fargo Securities, LLC
Williams Capital Group, Inc.