Certified Investment Advisor List

July 1, 2024  ***with changes as of 8/21/24

To: Public Treasurers

Subject: Certified Investment Advisers

Following is the list of Certified Investment Advisers for the quarter beginning July 1, 2024 through September 30, 2024. This list supersedes the list dated  April 1, 2024.

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, 2024. Name Changes: None. Additions: AllianceBernstein Has added one agent; Chandler Asset Management has added one agent; Garcia Hamilton & Assoc., is new with one agent; PFM Asset Management added one agent; US Bancorp Asset Management is new with one agent. Raymond James with one agent was added in April 2024. 8/21/24-Zions Capital Advisors has added two new agents; Raymond James added two new agents.  Deletions: Peterson Wealth Services and all agents are deleted; AllianceBernstein L.P. has deleted 5 agents. 8/21/24-Zions Capital Advisors deleted two agents. The new additions are noted on the list below with an "*".

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.