# EDGAR Filing Document

**Accession Number:** 0001614331
**File Stem:** 0001614331-26-000001
**Filing Date:** 2026-3
**Character Count:** 14459
**Document Hash:** 0a7ad4df72e61e3e9990ab7f94be1d56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001614331-26-000001.hdr.sgml**: 20260313

**ACCESSION NUMBER**: 0001614331-26-000001

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260313

**DATE AS OF CHANGE**: 20260313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Deposit Management LLC
- **CENTRAL INDEX KEY:** 0001614331

**ORGANIZATION NAME:**
- **EIN:** 270695486
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-00586
- **FILM NUMBER:** 26751355

**BUSINESS ADDRESS:**
- **STREET 1:** W220 N3451 SPRINGDALE ROAD
- **CITY:** PEWAUKEE
- **STATE:** WI
- **ZIP:** 53072
- **BUSINESS PHONE:** 414-961-6602

**MAIL ADDRESS:**
- **STREET 1:** W220 N3451 SPRINGDALE ROAD
- **CITY:** PEWAUKEE
- **STATE:** WI
- **ZIP:** 53072

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001614331

**Filer CCC:** XXXXXXXX

**Contact Name:** Mary Bedford

**Contact Phone:** 4142965084

**Contact Email:** maribeth.bedford@americandeposits.com

**Notification Emails:** aleyesa@waystone.com, maribeth.bedford@americandeposits.com, adrienne.thorson@americandeposits.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** American Deposit Management LLC

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

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

**&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:** 27-0695486

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00706-00

- **Municipal Advisor:** SEC File No: 867-00586

**E. Principal Office and Place of Business:** W220 N3451 SPRINGDALE ROAD, PEWAUKEE, WI, 53072

**Telephone Number:** 414-961-6602

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

**F. Website:** www.americandeposits.com

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

**Name:** Adrienne Lynn Thorson

**Titles:** CEO, Chairwoman

**Address:** W220 N3451 Springdale Road, Pewaukee, WI, 53072

**Phone Number:** 414-296-5084

**Email:** adrienne.thorson@americandeposits.com

**H. Business Affiliates:**

- **Name:** ADM Consulting LLC

  - **Issuing Agency:** Wisconsin Department of Financial Institutions

  - **Jurisdiction:** WI

- **Name:** OSP, LLC

  - **Issuing Agency:** Securities and Exchange Commission

  - **Jurisdiction:** 

- **Name:** OSP Insurance, LLC

  - **Issuing Agency:** District of Columbia Department of Insurance, Securities and Banking

  - **Jurisdiction:** DC

- **Name:** AmeriNational Community Services, LLC

  - **Issuing Agency:** Minnesota Secretary of State

  - **Jurisdiction:** MN

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

### Item 2: Form of Organization

**A. Applicant's form of organization:** Limited Liability Company (LLC)

**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:** 07-07-2009

**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:** 29

**B. Municipal Advisory Activities - Employees:** 4

**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:** 4

**F. Types of Clients - Number of clients served as municipal advisor:** 151

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**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):** 
Fixed Fees
, Fixed Fees

**J. Compensation Arrangements (Solicitation):** 
Contingent Fees
, Contingent Fees

**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 Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Solicitation Of IAB

### 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:** Investment Adviser, Commodity pool operator, Banking/Thrift institution, Insurance company or agency, Investment Adviser, Commodity pool operator, Insurance company or agency

**Total Associated Persons:** 2

### 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?:** Yes

- **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   |
|:---|:---|:---|:---|:---|:---|:---|
| OSP, LP               | Owner                                  | 02-18-2020      | E - 75% or more          | Yes               |  |  |
| EGO Holdings, LLC     | Owner                                  | 02-18-2020      | A - 5% but less than 10% | No                |  |  |
| Edgar Gerald O'Brien  | Owner, Manager                         | 02-18-2020      | A - 5% but less than 10% | Yes               |  | 000000000    |
| Warren R Staley       | Owner                                  | 02-18-2020      | A - 5% but less than 10% | No                |  | 000000000    |
| Adam Joseph Bernier   | Owner                                  | 02-18-2020      | NA - less than 5%        | No                |  | 000000000    |
| Adrienne Lynn Thorson | Chief Executive Officer Chairwoman CCO | 10-01-2022      | NA - less than 5%        | Yes               |  | 000000000    |
| Elizabeth L Goetzke   | Chief Operating Officer                | 02-01-2023      | NA - less than 5%        | Yes               |  | 000000000    |

### Schedule B: Indirect Owners

| Owning Entity               | Name                        | Title/Status    | Date Acquired   | Ownership Code                                          | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| OSP, LP                     | O'Brien Children 2006 Trust | Limited Partner | 07-01-2014      | C - 25% but less than 50%                               | No                | 41-6559000   |
| OSP, LP                     | OSP Manager, LLC            | General Partner | 04-20-2014      | F - Other (general partner, trustee, or elected member) | Yes               | 46-5417983   |
| OSP Manager, LLC            | Edgar Gerald O'Brien        | Member          | 12-01-2013      | D - 50% but less than 75%                               | Yes               |  |
| OSP Manager, LLC            | Warren R Staley             | Member          | 12-01-2013      | D - 50% but less than 75%                               | Yes               |  |
| EGO Holdings, LLC           | Edgar Gerald O'Brien        | Owner           | 10-24-2006      | E - 75% or more                                         | Yes               |  |
| O'Brien Children 2006 Trust | Adam Joseph Bernier         | Trustee         | 02-20-2015      | F - Other (general partner, trustee, or elected member) | 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      |  | OSP, LP                     | Owner                                  | 02-18-2020      | E - 75% or more                                         | Yes               |  |  |
|  | Direct      |  | EGO Holdings, LLC           | Owner                                  | 02-18-2020      | A - 5% but less than 10%                                | No                |  |  |
|  | Indirect    | OSP, LP                     | O'Brien Children 2006 Trust | Limited Partner                        | 07-01-2014      | C - 25% but less than 50%                               | No                | 41-6559000   |  |
|  | Indirect    | OSP, LP                     | OSP Manager, LLC            | General Partner                        | 04-20-2014      | F - Other (general partner, trustee, or elected member) | Yes               | 46-5417983   |  |
|  | Direct      |  | Edgar Gerald O'Brien        | Owner, Manager                         | 02-18-2020      | A - 5% but less than 10%                                | Yes               |  | 000000000    |
|  | Direct      |  | Warren R Staley             | Owner                                  | 02-18-2020      | A - 5% but less than 10%                                | No                |  | 000000000    |
|  | Direct      |  | Adam Joseph Bernier         | Owner                                  | 02-18-2020      | NA - less than 5%                                       | No                |  | 000000000    |
|  | Direct      |  | Adrienne Lynn Thorson       | Chief Executive Officer Chairwoman CCO | 10-01-2022      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Direct      |  | Elizabeth L Goetzke         | Chief Operating Officer                | 02-01-2023      | NA - less than 5%                                       | Yes               |  | 000000000    |
|  | Indirect    | OSP Manager, LLC            | Edgar Gerald O'Brien        | Member                                 | 12-01-2013      | D - 50% but less than 75%                               | Yes               |  | 000000000    |
|  | Indirect    | OSP Manager, LLC            | Warren R Staley             | Member                                 | 12-01-2013      | D - 50% but less than 75%                               | Yes               |  | 000000000    |
|  | Indirect    | EGO Holdings, LLC           | Edgar Gerald O'Brien        | Owner                                  | 10-24-2006      | E - 75% or more                                         | Yes               |  | 000000000    |
|  | Indirect    | O'Brien Children 2006 Trust | Adam Joseph Bernier         | Trustee                                | 02-20-2015      | F - Other (general partner, trustee, or elected member) | Yes               |  | 000000000    |

### Execution Page

**Signature:** Mary Bedford

**Signer Name:** Mary Bedford

**Title:** Compliance Officer

**Date:** 03-13-2026