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2021 Broker Dealers

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The Office of the Chicago City Treasurer ("Treasurer") internally manages the City's investment portfolio with more than $7.978B AUM. The objective of the Treasurer is to invest funds in a manner that provides the highest return 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 2021 Approved Broker Dealers

Academy Securities, Inc
Amerivet Securities 
Bank of America Merrill Lynch
BMO Harris
Brean Capital, LLC
Cabrera Capital Markets, LLC
CastleOak Securities, LP

Citigroup Global Markets, Inc
Goldman Sachs
Great Pacific Securities

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
Piper Sandler & Co
R. Seelaus & Co, Inc
Raymond James Financial, Inc
RBC Capital Markets, LLC
Rice Securities, LLC
Samuel A. Ramirez & Co, Inc
Stifel, Nicolaus & Co, Inc
Truist Securities 
Wells Fargo Securities, LLC
Williams Capital Group, LP