# EDGAR Filing Document

**Accession Number:** 0001612423
**File Stem:** 0001612423-23-000001
**Filing Date:** 2023-3
**Character Count:** 11724
**Document Hash:** eb5cdadf2308a12cc7d5efd43b31f81d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001612423-23-000001.hdr.sgml**: 20230406

**ACCESSION NUMBER**: 0001612423-23-000001

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230406

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Raftelis Financial Consultants, Inc.
- **CENTRAL INDEX KEY:** 0001612423
- **IRS NUMBER:** 201054069
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-00475
- **FILM NUMBER:** 23806087

**BUSINESS ADDRESS:**
- **STREET 1:** 227 WEST TRADE STREET
- **STREET 2:** SUITE 1400
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 704-373-1199

**MAIL ADDRESS:**
- **STREET 1:** 227 WEST TRADE STREET
- **STREET 2:** SUITE 1400
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001612423

**Filer CCC:** XXXXXXXX

**Contact Name:** Bart Kreps

**Contact Phone:** 704-936-4438

**Contact Email:** bkreps@raftelis.com

**Notification Emails:** abryant@raftelis.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Raftelis Financial Consultants, Inc.

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**B. Doing-Business-As (DBA) Name:** Raftelis

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 20-1054069

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00994-00

- **Municipal Advisor:** SEC File No: 867-00475

**E. Principal Office and Place of Business:** 227 West Trade Street, SUITE 1400, CHARLOTTE, NC, 28202

**Telephone Number:** 704-373-1199

**Additional Offices of Employment:**

- **Office #1 (Add):** 445 S. Figueroa St., Suite 1925, Los Angeles, CA, 90071 | Phone: 213-262-9300

- **Office #2 (Amend):** 383 N. Corona Street, Suite 850, Denver, CO, 80218 | Phone: 303-305-1135

- **Office #3 (Add):** 341 North Maitland Avenue, Suite 300, Maitland, FL, 32751 | Phone: 407-628-2600

- **Office #4 (Add):** 19 Garfield Place, Suite 500, Cincinnati, OH, 45202 | Phone: 513-235-3074

**Mailing Address is Different from Principal Office:** No

**F. Website:** www.raftelis.com

**G. Chief Compliance Officer (CCO):**

**Name:** Jason Bartholomew Kreps

**Titles:** Vice President / CCO

**Address:** 227 West Trade Street, Suite 1400, Charlotte, NC, 28202

**Phone Number:** 704-936-4438

**Email:** bkreps@raftelis.com

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** NC

**D. Date of Organization:** 04-23-2004

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 140

**B. Municipal Advisory Activities - Employees:** 18

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 0

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 80

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities, Corporations or other businesses

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Hourly Charges
Fixed Fees
, Hourly Charges, Fixed Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice On Selection

### Item 5: Other Business Activities

**Is applicant engaged in any other non-municipal advisor business?** Yes

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor, Other municipal advisor

**Total Associated Persons:** 18

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** Yes

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** No

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** No

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** No

- **SEC/CFTC Imposed Civil Penalty?:** No

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** No

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** No

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** No

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** No

### Schedule A: Direct Owners and Executive Officers

| Name                    | Title/Status                                 | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Thomas Beckley          | Vice President / Municipal Advisor Principal | 01-31-2020      | NA - less than 5%         | No                |  |  |
| William George Stannard | Chairman                                     | 01-01-2017      | NA - less than 5%         | Yes               |  | 000000000    |
| Peiffer Allen Brandt    | President/CEO                                | 01-01-2017      | B - 10% but less than 25% | Yes               |  | 000000000    |
| Harold Jameson Smith    | Vice President                               | 01-01-2006      | B - 10% but less than 25% | Yes               |  | 000000000    |
| Jon Pilkenton Davis     | Executive Vice President                     | 01-01-2011      | A - 5% but less than 10%  | Yes               |  | 000000000    |
| Ronald Keith Readling   | Executive Vice President                     | 01-01-2017      | A - 5% but less than 10%  | Yes               |  | 000000000    |
| Jason Bartholomew Kreps | Chief Compliance Officer                     | 04-27-2017      | NA - less than 5%         | No                |  | 000000000    |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity   | Name                    | Title/Status                                 | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Thomas Beckley          | Vice President / Municipal Advisor Principal | 01-31-2020      | NA - less than 5%         | No                |  |  |
|  | Direct      |  | William George Stannard | Chairman                                     | 01-01-2017      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Peiffer Allen Brandt    | President/CEO                                | 01-01-2017      | B - 10% but less than 25% | Yes               |  | 000000000    |
|  | Direct      |  | Harold Jameson Smith    | Vice President                               | 01-01-2006      | B - 10% but less than 25% | Yes               |  | 000000000    |
|  | Direct      |  | Jon Pilkenton Davis     | Executive Vice President                     | 01-01-2011      | A - 5% but less than 10%  | Yes               |  | 000000000    |
|  | Direct      |  | Ronald Keith Readling   | Executive Vice President                     | 01-01-2017      | A - 5% but less than 10%  | Yes               |  | 000000000    |
|  | Direct      |  | Jason Bartholomew Kreps | Chief Compliance Officer                     | 04-27-2017      | NA - less than 5%         | No                |  | 000000000    |

### Execution Page

**Signature:** J. Bart Kreps

**Signer Name:** J. Bart Kreps

**Title:** Vice PResident and COO

**Date:** 03-09-2023