Certified Investment Advisor List

July 1, 2022

To: Public Treasurers

Subject: Certified Investment Advisers

Following is the list of Certified Investment Advisers for the quarter beginning July 1, 2022 through September 30, 2022. This list supersedes the list dated April 1, 2022.

Transactions involving authorized deposits or investments of public funds may be conducted only through issuers of securities authorized by Section 51-7-11(3), qualified depositories (refer to current list), certified agents of dealers (see list), or the Certified Investment Advisers included in this list. Certified Investment Advisers may now use their own list of brokers to purchase investments for public entity accounts. Authorized deposits or investments are generally limited to those securities listed in Section 51-7-11(3).

The following are changes from the list dated April 1, 2022. Name Changes: None. Additions: Alliance Bernstein has added 4 new agents, PFM Asset Management added Benjamin Sapora & Matt Smith; Wells Fargo Clearing added Christopher Ahearn. Deletions: Alliance Bernstein has deleted Timthoy Brown, Jonathan Fung, Lauren Jones and Walker Williams; Chandler Asset Management deleted Christopher McCarry; PFM Asset Management deleted Ellen Clark; Wells Fargo Clearing deleted Matthew Hufford; Zions Capital Advisors deleted John Byerly Jr.

All securities purchased through a certified investment adviser are still required to be delivered to the public treasurer or to the treasurer's safekeeping bank.

Advisers included in this list have met the minimum standards established by Utah Administrative Code, Section R628-15. Inclusion in the list of certified investment advisers does not constitute an endorsement or recommendation by the Money Management Council or by the Securities Division of the Department of Commerce. Compliance with the Money Management Act and Rules of the Council continues to be the responsibility of each public treasurer.