# EDGAR Filing Document

**Accession Number:** 0001689151
**File Stem:** 0001689151-25-000012
**Filing Date:** 2025-10
**Character Count:** 16857
**Document Hash:** bbf574566a4a57268e2940a42abc2a74
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001689151-25-000012.hdr.sgml**: 20251202

**ACCESSION NUMBER**: 0001689151-25-000012

**CONFORMED SUBMISSION TYPE**: MA/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FHN Financial Municipal Advisors
- **CENTRAL INDEX KEY:** 0001689151

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-02180
- **FILM NUMBER:** 251543086

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 RIDGEWAY LOOP ROAD
- **STREET 2:** SUITE 200
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38120
- **BUSINESS PHONE:** 901-435-8080

**MAIL ADDRESS:**
- **STREET 1:** 1000 RIDGEWAY LOOP ROAD
- **STREET 2:** SUITE 200
- **CITY:** MEMPHIS
- **STATE:** TN
- **ZIP:** 38120

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FTN Financial Municipal Advisors
- **DATE OF NAME CHANGE:** 20161102

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001689151

**Filer CCC:** XXXXXXXX

**Contact Name:** Penny Michael

**Contact Phone:** 901-435-8645

**Contact Email:** penny.michael@fhnfinancial.com

**Notification Emails:** denise.mueller@fhnfinancial.com

### Type of Filing

**Selected Filing Type:** Amendment

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** FHN Financial Municipal Advisors

**&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:** FHN Financial Municipal Advisors, a division of First Horizon Bank

**&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:** 62-0201385

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-02180

**E. Principal Office and Place of Business:** 1000 RIDGEWAY LOOP ROAD, SUITE 200, MEMPHIS, TN, 38120

**Telephone Number:** 901-435-8080

**Additional Offices of Employment:**

- **Office #1 (Add):** 444 Madison Ave, 9th Floor, New York, NY, 10022 | Phone: 212-418-7900

- **Office #2 (Add):** 6500 River Place Blvd, Building 7, Suite 250, Austin, TX, 78730 | Phone: 512-813-7662

- **Office #3 (Add):** 4725 Piedmont Row Drive, Suite 400, Charlotte, NC, 28210 | Phone: 704-501-2160

- **Office #4 (Add):** 15169 N. Scottsdale Road, Suite 205, Scottsdale, AZ, 85254 | Phone: 480-281-7600

- **Office #5 (Add):** 320 Boston Post Road, Suite 260, Darien, CT, 06820 | Phone: 2124187929

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

**F. Website:** —

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

**Name:** Stephen Boland Evensen

**Address:** 1000 Ridgeway Loop Road, Suite 200, Memphis, TN, 38120

**Phone Number:** 901-435-8645

**Email:** steve.evensen@fhnfinancial.com

**H. Business Affiliates:**

- **Name:** First Horizon Bank

  - **Issuing Agency:** State of Tennessee

  - **Jurisdiction:** TN

- **Name:** First Horizon Corporation

  - **Issuing Agency:** Federal Reserve

  - **Jurisdiction:** 

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

### Item 2: Form of Organization

**A. Applicant's form of organization:** Other (—)

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

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

**D. Date of Organization:** 10-25-2016

**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:** 13

**B. Municipal Advisory Activities - Employees:** 11

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 11

**&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:** 9

**&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
Contingent Fees
, Hourly Charges, Fixed Fees, Contingent 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 Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Advice Guaranteed IC, Advice On Selection

### Item 5: Other Business Activities

**Is applicant engaged in any other non-municipal advisor business?** No

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

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Banking/Thrift institution, Insurance company or agency, Banking/Thrift institution, Banking/Thrift institution, Broker-dealer municipal securities dealer or government securities broker or dealer, Banking/Thrift institution, Broker-dealer municipal securities dealer or government securities broker or dealer, Banking/Thrift institution, Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Investment Adviser, Insurance company or agency, Insurance company or agency, Banking/Thrift institution

**Total Associated Persons:** 10

### 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?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** —

- **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?:** Yes

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

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** Yes

- **SRO Found Violation?:** Yes

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

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **SRO Denied/Suspended/Revoked Registration?:** Yes

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

- **Foreign Authority Found Violation?:** Yes

- **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?** Yes

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                      | Title/Status             | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| First Horizon Corporation | Holding Company          | 10-25-2016      | E - 75% or more   | Yes               | 62-0803242   |  |
| Michael Darryl Allen      | Manager                  | 10-25-2016      | NA - less than 5% | Yes               |  | 000000000    |
| Penny Elaine Michael      | Chief Compliance Officer | 09-15-2019      | NA - less than 5% | Yes               |  | 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      |  | First Horizon Corporation | Holding Company          | 10-25-2016      | E - 75% or more   | Yes               | 62-0803242   |  |
|  | Direct      |  | Michael Darryl Allen      | Manager                  | 10-25-2016      | NA - less than 5% | Yes               |  | 000000000    |
|  | Direct      |  | Penny Elaine Michael      | Chief Compliance Officer | 09-15-2019      | NA - less than 5% | Yes               |  | 000000000    |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 571080

**Regulatory DRP for: Applicant (Responding to Questions: 9-D5)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 571082

**Regulatory DRP for: Applicant (Responding to Questions: 9-D1, 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 17117

  - **Filed On (AP):** Form ADV/BD/U4 for FTB Advisors, Inc.

  - **Disclosure Number:** 866030

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1093283

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1093284

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1109676

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17117

  - **Filed On (AP):** Form ADV/BD/U4 for FTB Advisors, Inc.

  - **Disclosure Number:** 1187526

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1272888

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1327105

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1351319

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1398590

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1408586

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1408627

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1464117

**Regulatory DRP for: Applicant (Responding to Questions: 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1588442

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1633538

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1677807

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17117

  - **Filed On (AP):** Form ADV/BD/U4 for FTB Advisors, Inc.

  - **Disclosure Number:** 1851450

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17117

  - **Filed On (AP):** Form ADV/BD/U4 for FTB Advisors, Inc

  - **Disclosure Number:** 1907304

**Regulatory DRP for: Applicant (Responding to Questions: 9-D1, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FTN Financial Securities Corp

  - **Disclosure Number:** 1929849

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FHN Financial Securities Corp.

  - **Disclosure Number:** 2229952

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FHN Financial Securities Corp.

  - **Disclosure Number:** 2198269

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

  - **Associated Person:** —

  - **CRD Number:** 17117

  - **Filed On (AP):** Form ADV/BD/U4 for First Horizon Advisors

  - **Disclosure Number:** 2227374

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 17117

  - **Filed On (AP):** Form ADV/BD/U4 for First Horizon Adviosrs

  - **Disclosure Number:** 2196429

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

  - **Associated Person:** —

  - **CRD Number:** 46346

  - **Filed On (AP):** Form ADV/BD/U4 for FHN Financial Securities Corp.

  - **Disclosure Number:** 2361497

### Execution Page

**Signature:** Stephen B Evensen

**Signer Name:** Stephen B Evensen

**Title:** Chief Compliance Officer

**Date:** 10-31-2025

**CRD Number:** 2310069