# EDGAR Filing Document

**Accession Number:** 0000109309
**File Stem:** 0000109309-26-000006
**Filing Date:** 2026-4
**Character Count:** 15638
**Document Hash:** bc961b021183cc85fd11e59d71eec59e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000109309-26-000006.hdr.sgml**: 20260402

**ACCESSION NUMBER**: 0000109309-26-000006

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260402

**DATE AS OF CHANGE**: 20260402

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** B. C. ZIEGLER AND COMPANY
- **CENTRAL INDEX KEY:** 0000109309

**ORGANIZATION NAME:**
- **EIN:** 390727640
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-02458
- **FILM NUMBER:** 26831161

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE, SUITE 2000
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3125961644

**MAIL ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE, SUITE 2000
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** B. C. ZIEGLER & Co
- **DATE OF NAME CHANGE:** 20190416

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** B. C. ZIEGLER AND COMPANY
- **DATE OF NAME CHANGE:** 20020329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIEGLER B C & CO                                        /BD
- **DATE OF NAME CHANGE:** 20020329

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000109309

**Filer CCC:** XXXXXXXX

**Contact Name:** Marcletta Kerr

**Contact Phone:** 312-596-1644

**Contact Email:** mkerr@ziegler.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** B. C. ZIEGLER AND COMPANY

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 61

**&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:** Ziegler

**&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:** 39-0727640

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-02458

- **Broker-Dealer:** SEC File No: 008-00094, CRD No: 61

- **SEC-Registered Investment Adviser:** CRD No: 61

**Additional Registrations:**

- **National Futures Association:** 0476306

**E. Principal Office and Place of Business:** ONE NORTH WACKER DRIVE, SUITE 2000, CHICAGO, IL, 60606

**Telephone Number:** 312-263-0110

**Additional Offices of Employment:**

- **Office #1 (Add):** 12345 University Avenue, Suite 301, Des Moines, IA, 50325 | Phone: 800-366-8899

- **Office #2 (Add):** 998 Farmington Ave, Suite 106A, West Hartford, CT, 06107 | Phone: 212-284-5403

- **Office #3 (Delete):**  | Phone: 412-268-0854

- **Office #4 (Add):**  | Phone: 3125961597

- **Office #5 (Add):**  | Phone: 3125961596

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

**F. Website:** www.ziegler.com

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

**Name:** Marcletta R Kerr

**Titles:** Chief Compliance Officer

**Address:** One North Wacker Drive, Suite 2000, Chicago, IL, 60606

**Phone Number:** 312-596-1644

**Email:** mkerr@ziegler.com

**H. Business Affiliates:**

- **Name:** Ziegler Link-Age Management, LLC

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** WI

- **Name:** Ziegler Link-Age Management II, LLC

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** WI

- **Name:** Ziegler Link-Age Management III, LLC

  - **Issuing Agency:** FINRA

  - **Jurisdiction:** WI

**I. Location of Books and Records:** Yes

### 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:** WI

**D. Date of Organization:** 02-12-1920

**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:** 128

**B. Municipal Advisory Activities - Employees:** 5

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 5

**&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:** 0

**&nbsp;&nbsp;&nbsp;Types of Clients:** Non-profit organizations

**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 Guaranteed IC, Advice Use Of MD

### Item 5: Other Business Activities

- **Broker-Dealer:** Actively Engaged: Yes, Primary Business: Yes

**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, Commodity trading advisor, Accountant or accounting firm, Lawyer or law firm, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Commodity trading advisor, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Lawyer or law firm, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Broker-dealer municipal securities dealer or government securities broker or dealer, Accountant or accounting firm, Broker-dealer municipal securities dealer or government securities broker or dealer, Commodity trading advisor

**Total Associated Persons:** 11

### 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?:** Yes

- **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?:** Yes

- **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?:** Yes

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

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

- **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?:** Yes

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

- **Foreign Authority Disciplined?:** Yes

- **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?:** Yes

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

- **Named in Civil Proceeding Alleging Violation?:** Yes

### 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   |
|:---|:---|:---|:---|:---|:---|:---|
| The Ziegler Companies, Inc. | Parent Company                                     | 04-01-1971      | E - 75% or more           | Yes               |  |  |
| Daniel Joseph Hermann       | CEO & President                                    | 03-01-2018      | B - 10% but less than 25% | Yes               |  | 1790977      |
| Angelique Athiena David     | Executive Managing Director, COO & General Counsel | 11-01-2010      | NA - less than 5%         | Yes               |  | 5445800      |
| James Michael Bushman       | CCO & Director                                     | 09-01-2011      | NA - less than 5%         | No                |  | 1248254      |
| Kevin Louis Strom           | Executive Managing Director                        | 01-01-2011      | NA - less than 5%         | Yes               |  | 1595516      |
| Ryan T Jefferson            | CFO & Director                                     | 04-01-2022      | NA - less than 5%         | Yes               |  | 5844031      |

### Schedule B: Indirect Owners

| Owning Entity               | Name                      | Title/Status               | Date Acquired   | Ownership Code            | Control Person?   |
|:---|:---|:---|:---|:---|:---|
| The Ziegler Companies, Inc. | Peter Rittenhouse Kellogg | Shareholder - common stock | 12-01-2006      | C - 25% but less than 50% | Yes               |

### 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      |  | The Ziegler Companies, Inc. | Parent Company                                     | 04-01-1971      | E - 75% or more           | Yes               |  |  |
|  | Direct      |  | Daniel Joseph Hermann       | CEO & President                                    | 03-01-2018      | B - 10% but less than 25% | Yes               |  | 1790977      |
|  | Direct      |  | Angelique Athiena David     | Executive Managing Director, COO & General Counsel | 11-01-2010      | NA - less than 5%         | Yes               |  | 5445800      |
| Delete | Direct      |  | James Michael Bushman       | CCO & Director                                     | 09-01-2011      | NA - less than 5%         | No                |  | 1248254      |
|  | Direct      |  | Kevin Louis Strom           | Executive Managing Director                        | 01-01-2011      | NA - less than 5%         | Yes               |  | 1595516      |
|  | Direct      |  | Ryan T Jefferson            | CFO & Director                                     | 04-01-2022      | NA - less than 5%         | Yes               |  | 5844031      |
| NewAdd | Direct      |  | Marcletta R Kerr            | CCO                                                | 04-01-2025      | NA - less than 5%         | No                |  | 7463114      |
|  | Indirect    | The Ziegler Companies, Inc. | Peter Rittenhouse Kellogg   | Shareholder - common stock                         | 12-01-2006      | C - 25% but less than 50% | Yes               |  | 000000000    |

### Disclosure Reporting Pages (DRPs)

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1710210

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1546323

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1535242

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-E4)**

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1282753

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1787503

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1728308

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 1942550

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

- **Filed On (Applicant):** Form ADV/BD/U4 for BC Ziegler and Company

- **CRD Number:** 61

- **Disclosure Number:** 2103738

### Execution Page

**Signature:** Marcletta Kerr

**Signer Name:** Marcletta Kerr

**Title:** CCO

**Date:** 04-02-2026