# EDGAR Filing Document

**Accession Number:** 0002039856
**File Stem:** 0002039856-26-000003
**Filing Date:** 2026-3
**Character Count:** 14055
**Document Hash:** 3766fed11a3a757b23a40baa0d3a1569
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002039856-26-000003.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0002039856-26-000003

**CONFORMED SUBMISSION TYPE**: MA/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260312

**DATE AS OF CHANGE**: 20260319

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ampersand Public Advisors, LLC
- **CENTRAL INDEX KEY:** 0002039856

**ORGANIZATION NAME:**
- **EIN:** 994928403
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-02721
- **FILM NUMBER:** 26772918

**BUSINESS ADDRESS:**
- **STREET 1:** N16W23217 STONE RIDGE DRIVE
- **STREET 2:** SUITE 150
- **CITY:** WAUKESHA
- **STATE:** WI
- **ZIP:** 53188
- **BUSINESS PHONE:** 262-381-8400

**MAIL ADDRESS:**
- **STREET 1:** N16W23217 STONE RIDGE DRIVE
- **STREET 2:** SUITE 150
- **CITY:** WAUKESHA
- **STATE:** WI
- **ZIP:** 53188

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0002039856

**Filer CCC:** XXXXXXXX

**Contact Name:** Suzanne Hoeppner

**Contact Phone:** 262-381-8403

**Contact Email:** suzanne@trustampersand.com

**Notification Emails:** suzanne@trustampersand.com

### Type of Filing

**Selected Filing Type:** Amendment

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Ampersand Public Advisors, 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:** 99-4928403

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-02721

**E. Principal Office and Place of Business:** N16W23217 STONE RIDGE DRIVE, SUITE 150, WAUKESHA, WI, 53188

**Telephone Number:** 262-381-8400

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

**F. Website:** trustampersand.com

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

**Name:** Suzanne Marie Hoeppner

**Titles:** Chief Operating Officer

**Address:** N16W23217 Stone Ridge Drive, Suite 150, WAUKESHA, WI, 53188

**Phone Number:** 262-381-8403

**Email:** suzanne@trustampersand.com

**H. Business Affiliates:**

- **Name:** Ampersand Inc

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

  - **Jurisdiction:** WI

**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:** 09-13-2024

**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:** 15

**B. Municipal Advisory Activities - Employees:** 2

**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:** 0

**&nbsp;&nbsp;&nbsp;Types of Clients:** Other

**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:** 
Other
, Other

**I. Compensation Arrangements (Municipal Advisory):** 
Fixed Fees
, 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 Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments

### 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:** 

**Total Associated Persons:** 0

### 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?:** 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?** Yes

**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   |
|:---|:---|:---|:---|:---|:---|:---|
| Patriot Financial Partners IV, LP          | Owner                    | 09-13-2024      | C - 25% but less than 50% | Yes               | 85-3566041   |  |
| Patriot Financial Partners Parallel IV, LP | Owner                    | 09-13-2024      | A - 5% but less than 10%  | No                | 88-2125971   |  |
| JAM FINTOP Banktech, LP                    | Owner                    | 09-13-2024      | B - 10% but less than 25% | No                | 86-2224108   |  |
| FINTOP Fund III QP, LP                     | Owner                    | 09-13-2024      | B - 10% but less than 25% | No                | 87-1069324   |  |
| FINTOP Fund III, LP                        | Owner                    | 09-13-2024      | NA - less than 5%         | No                | 87-1078322   |  |
| Kelly Ann Brown                            | Chief Executive Officer  | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Suzanne Marie Hoeppner                     | Chief Operating Officer  | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Jessica Knowles Fuchs                      | Chief Experience Officer | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Maya Kirsten Sutton                        | Chief Compliance Officer | 09-13-2024      | NA - less than 5%         | Yes               |  | 4909233      |
| Michael James Mainka                       | Chief Deposit Officer    | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Christopher Reid Thomas                    | Chief Strategy Officer   | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Mark Edwin Crockett                        | Chief Technology Officer | 09-16-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Walter Kirk Wycoff                         | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Joseph Edward Maxwell                      | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Steven Peter Kent                          | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Thomas David Cestare                       | Director                 | 09-13-2024      | 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      |  | Patriot Financial Partners IV, LP          | Owner                    | 09-13-2024      | C - 25% but less than 50% | Yes               | 85-3566041   |  |
|  | Direct      |  | Patriot Financial Partners Parallel IV, LP | Owner                    | 09-13-2024      | A - 5% but less than 10%  | No                | 88-2125971   |  |
|  | Direct      |  | JAM FINTOP Banktech, LP                    | Owner                    | 09-13-2024      | B - 10% but less than 25% | No                | 86-2224108   |  |
|  | Direct      |  | FINTOP Fund III QP, LP                     | Owner                    | 09-13-2024      | B - 10% but less than 25% | No                | 87-1069324   |  |
|  | Direct      |  | FINTOP Fund III, LP                        | Owner                    | 09-13-2024      | NA - less than 5%         | No                | 87-1078322   |  |
|  | Direct      |  | Kelly Ann Brown                            | Chief Executive Officer  | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Amend  | Direct      |  | Suzanne Marie Hoeppner                     | Chief Compliance Officer | 11-14-2025      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Jessica Knowles Fuchs                      | Chief Experience Officer | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Delete | Direct      |  | Maya Kirsten Sutton                        | Chief Compliance Officer | 09-13-2024      | NA - less than 5%         | Yes               |  | 4909233      |
| Delete | Direct      |  | Michael James Mainka                       | Chief Deposit Officer    | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Delete | Direct      |  | Christopher Reid Thomas                    | Chief Strategy Officer   | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Mark Edwin Crockett                        | Chief Technology Officer | 09-16-2024      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Walter Kirk Wycoff                         | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Joseph Edward Maxwell                      | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Steven Peter Kent                          | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| Delete | Direct      |  | Thomas David Cestare                       | Director                 | 09-13-2024      | NA - less than 5%         | Yes               |  | 000000000    |
| NewAdd | Direct      |  | Kevin Filipe DaCruz                        | Director                 | 02-18-2026      | NA - less than 5%         | Yes               |  | 000000000    |

### Execution Page

**Signature:** Suzanne M. Hoeppner

**Signer Name:** Suzanne M. Hoeppner

**Title:** COO

**Date:** 03-12-2026