2024 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 2024 Approved Broker Dealers

Academy Securities, Inc

Amerivet Securities

Bank of America Merrill Lynch

BMO Harris

Brean Capital, LLC

Cabrera Capital Markets, LLC

CastleOak Securities, L.P.

Citigroup Global Markets, Inc

FHN Financial

Goldman Sachs & Co, LLC

Great Pacific Securities

InspereX, LLC

Jeffries Group, LLC

JP Morgan Securities

Loop Capital Markets, LLC

Mischler Financial Group

Mizuho Securities USA, Inc

Morgan Stanley

Penserra Securities, LLC

R. Seelaus & Co, Inc

Raymond James Financial, Inc

RBC Capital Markets, LLC

Rice Securities, LLC

Samuel A. Ramirez & Co, Inc

Stifel, Nicolaus & Co

UBS Financial Services

Wells Fargo Securities, LLC

Williams Capital Group, L.P.