# EDGAR Filing Document

**Accession Number:** 0000107136
**File Stem:** 0000107136-26-000004
**Filing Date:** 2026-3
**Character Count:** 14057
**Document Hash:** 7576da74db8b62ad581eb25fcdd7fd2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000107136-26-000004.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000107136-26-000004

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** &PARTNERS
- **CENTRAL INDEX KEY:** 0000107136

**ORGANIZATION NAME:**
- **EIN:** 621627736
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01682
- **FILM NUMBER:** 26812059

**BUSINESS ADDRESS:**
- **STREET 1:** 40 BURTON HILLS BLVD.
- **STREET 2:** SUITE 350
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37215
- **BUSINESS PHONE:** 615 252 6214

**MAIL ADDRESS:**
- **STREET 1:** 40 BURTON HILLS BLVD.
- **STREET 2:** SUITE 350
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILEY BROS.-AINTREE CAPITAL, LLC
- **DATE OF NAME CHANGE:** 20030130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILEY BROS  AINTREE CAPITAL LLC                         /BD
- **DATE OF NAME CHANGE:** 20000209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILEY BROS AINTREE CAPITAL LLC                          /BD
- **DATE OF NAME CHANGE:** 20000101

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000107136

**Filer CCC:** XXXXXXXX

**Contact Name:** Kaley Idol

**Contact Phone:** 615-252-6214

**Contact Email:** kidol@wileybros.com

**Notification Emails:** kidol@wileybros.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** &PARTNERS

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 3767

**&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:** 62-1627736

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00684-00

- **Municipal Advisor:** SEC File No: 867-01682

- **Broker-Dealer:** SEC File No: 008-3774, CRD No: 3767

- **SEC-Registered Investment Adviser:** SEC File No: 801-37145, CRD No: 3767

**E. Principal Office and Place of Business:** 40 BURTON HILLS BLVD., SUITE 350, NASHVILLE, TN, 37215

**Telephone Number:** 615-255-6431

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

**F. Website:** www.andpartners.com

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

**Name:** Kaley Porter Idol

**Address:** 40 Burton Hills Blvd., Suite 350, Nashville, TN, 37215

**Phone Number:** 615-252-6214

**Email:** kidol@wileybros.com

**H. Business Affiliates:**

- **Name:** AmpersCap LLC

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

### 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:** TN

**D. Date of Organization:** 05-01-1996

**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:** 375

**B. Municipal Advisory Activities - Employees:** 1

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 1

**&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:** Municipal Entities, 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):** 
Contingent 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 Use Of MD, Advice On Selection

### Item 5: Other Business Activities

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

- **Insurance:** Actively Engaged: Yes, Primary Business: —

- **Investment Advisor:** 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:** 

**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?:** 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?:** No

- **Recommend to clients products/services of an affiliated person?:** Yes

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** Yes

- **Have discretionary authority to buy/sell municipal securities for clients?:** Yes

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** Yes

- **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?:** Yes

- **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?:** Yes

- **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?:** Yes

- **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?** 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   |
|:---|:---|:---|:---|:---|:---|:---|
| AMPERSAND PARTNERS, LLC      | OWNER                                         | 08-29-2023      | E - 75% or more           | No                | 92-3085231   |  |
| David W Wiley III            | Co-President                                  | 05-01-1996      | C - 25% but less than 50% | Yes               |  | 720094       |
| Alyson Mencio Stevens        | Chief Compliance Officer-Advisory Business    | 05-08-2017      | NA - less than 5%         | No                |  | 5451096      |
| Kaley Porter Idol            | Chief Compliance Officer Brokerage Activities | 12-09-2021      | NA - less than 5%         | No                |  | 6950052      |
| CHYRLAN ELIZABETH COOPER     | COO                                           | 08-29-2023      | NA - less than 5%         | No                |  | 4160240      |
| DAVID JOHN KOWACH            | CEO                                           | 08-29-2023      | NA - less than 5%         | Yes               |  | 2154665      |
| RICHARD SCOTT NELSON         | CFO                                           | 08-29-2023      | NA - less than 5%         | No                |  | 5014790      |
| JOHN W ALEXANDER             | CO-PRESIDENT                                  | 08-29-2023      | NA - less than 5%         | Yes               |  | 2327561      |
| Michael Christopher Schaller | Controller/FinOp                              | 02-21-2025      | NA - less than 5%         | No                |  | 5899085      |

### 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      |  | AMPERSAND PARTNERS, LLC      | OWNER                                         | 08-29-2023      | E - 75% or more           | No                | 92-3085231   |  |
|  | Direct      |  | David W Wiley III            | Co-President                                  | 05-01-1996      | C - 25% but less than 50% | Yes               |  | 720094       |
|  | Direct      |  | Alyson Mencio Stevens        | Chief Compliance Officer-Advisory Business    | 05-08-2017      | NA - less than 5%         | No                |  | 5451096      |
|  | Direct      |  | Kaley Porter Idol            | Chief Compliance Officer Brokerage Activities | 12-09-2021      | NA - less than 5%         | No                |  | 6950052      |
|  | Direct      |  | CHYRLAN ELIZABETH COOPER     | COO                                           | 08-29-2023      | NA - less than 5%         | No                |  | 4160240      |
|  | Direct      |  | DAVID JOHN KOWACH            | CEO                                           | 08-29-2023      | NA - less than 5%         | Yes               |  | 2154665      |
|  | Direct      |  | RICHARD SCOTT NELSON         | CFO                                           | 08-29-2023      | NA - less than 5%         | No                |  | 5014790      |
|  | Direct      |  | JOHN W ALEXANDER             | CO-PRESIDENT                                  | 08-29-2023      | NA - less than 5%         | Yes               |  | 2327561      |
|  | Direct      |  | Michael Christopher Schaller | Controller/FinOp                              | 02-21-2025      | NA - less than 5%         | No                |  | 5899085      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Wiley Bros. - Aintree Capital, LLC

- **CRD Number:** 3767

- **Disclosure Number:** 1536277

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Wiley Bros. - Aintree Capital, LLC

- **CRD Number:** 3767

- **Disclosure Number:** 314676

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Wiley Bros. - Aintree Capital

- **CRD Number:** 3767

- **Disclosure Number:** 137481

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Wiley Bros.-Aintree Capital, LLC

- **CRD Number:** 3767

- **Disclosure Number:** 44526420

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Wiley Bros.-Aintree Capital, LLC

- **CRD Number:** 3767

- **Disclosure Number:** 1922514

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Wiley Bros.-Aintree Capital, LLC

- **CRD Number:** 3737

- **Disclosure Number:** 1824625

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C3, 9-C4, 9-C5, 9-D3, 9-D5)**

  - **Associated Person:** William Keith Phillips

  - **CRD Number:** 1447676

  - **Filed On (AP):** Form ADV/BD/U4 for William Keith Phillps

  - **Disclosure Number:** 1466979

### Execution Page

**Signature:** Kaley Idol

**Signer Name:** Kaley Idol

**Title:** CCO-BD

**Date:** 03-27-2026

**CRD Number:** 3767