# EDGAR Filing Document

**Accession Number:** 0001617793
**File Stem:** 0001617793-26-000006
**Filing Date:** 2026-6
**Character Count:** 18570
**Document Hash:** c6c6a2964257c14ad373347a8033a606
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001617793-26-000006.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001617793-26-000006

**CONFORMED SUBMISSION TYPE**: MA/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260616

**DATE AS OF CHANGE**: 20260626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ernst & Young Infrastructure Advisors, LLC
- **CENTRAL INDEX KEY:** 0001617793

**ORGANIZATION NAME:**
- **EIN:** 346565596
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** MA/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-00788
- **FILM NUMBER:** 261126490

**BUSINESS ADDRESS:**
- **STREET 1:** 2005 MARKET ST., STE. 700
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215-448-3391

**MAIL ADDRESS:**
- **STREET 1:** 2005 MARKET ST., STE. 700
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001617793

**Filer CCC:** XXXXXXXX

**Contact Name:** Sergio R. Costa

**Contact Phone:** 212-773-5219

**Contact Email:** sergio.costa@ey.com

**Notification Emails:** jared.nijoka@ey.com

### Type of Filing

**Selected Filing Type:** Amendment

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Ernst & Young Infrastructure 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:** 34-6565596

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00539-00

- **Municipal Advisor:** SEC File No: 867-00788

**Additional Registrations:**

- **Municipal Securities Rulemaking Board:** K0175

**E. Principal Office and Place of Business:** 2005 MARKET ST., STE. 700, PHILADELPHIA, PA, 19103

**Telephone Number:** 215-448-3391

**Additional Offices of Employment:**

- **Office #1 (Add):** ONE MANHATTAN WEST, New York, NY, 10001 | Phone: 212-773-3000

- **Office #2 (Add):** 370 17th Street, Suite 4800, Denver, CO, 80202 | Phone: 720-931-4000

- **Office #3 (Add):** 725 S. Figueroa St., Los Angeles, CA, 90017 | Phone: 213-977-3200

- **Office #4 (Add):** 1101 New York Avenue NW, Washington, DC, 20005 | Phone: 202-327-6000

- **Office #5 (Add):** 155 NORTH WACKER DRIVE, CHICAGO, IL, 60606 | Phone: 312-879-2000

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

**F. Website:** https://www.ey.com/en_gl/strategy-transactions/infrastructure-advisory

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

**Name:** Sergio Reis Costa

**Address:** ONE MANHATTAN WEST, New York, NY, 10001

**Phone Number:** 212-773-5219

**Email:** sergio.costa@ey.com

**H. Business Affiliates:**

- **Name:** Ernst & Young U.S. LLP

**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:** June

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

**D. Date of Organization:** 06-26-2012

**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:** 47

**B. Municipal Advisory Activities - Employees:** 41

**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:** 3

**&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?:** Yes

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS

### 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, Broker-dealer municipal securities dealer or government securities broker or dealer

**Total Associated Persons:** 1

### 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?:** Yes

- **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?:** No

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

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** Yes

- **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?:** Yes

- **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?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                           | Title/Status                                 | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Ernst & Young U.S. LLP         | Sole member                                  | 06-26-2012      | E - 75% or more   | Yes               |  |  |
| Tom Peter Rousakis             | Senior Managing Director / Executive Officer | 07-01-2016      | NA - less than 5% | Yes               |  | 2934894      |
| Quoc Tuyen NMN Mai             | Senior Managing Director                     | 07-05-2016      | NA - less than 5% | Yes               |  | 000000000    |
| Sergio Reis Costa              | Chief Compliance Officer                     | 07-01-2016      | NA - less than 5% | No                |  | 5746445      |
| Neil Christopher McMonagle     | Senior Managing Director                     | 07-01-2017      | NA - less than 5% | Yes               |  | 000000000    |
| Jonathan David Howard Godsmark | Senior Managing Director                     | 07-01-2019      | NA - less than 5% | Yes               |  | 5915250      |

### 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      |  | Ernst & Young U.S. LLP         | Sole member                                  | 06-26-2012      | E - 75% or more   | Yes               |  |  |
|  | Direct      |  | Tom Peter Rousakis             | Senior Managing Director / Executive Officer | 07-01-2016      | NA - less than 5% | Yes               |  | 2934894      |
|  | Direct      |  | Quoc Tuyen NMN Mai             | Senior Managing Director                     | 07-05-2016      | NA - less than 5% | Yes               |  | 000000000    |
|  | Direct      |  | Sergio Reis Costa              | Chief Compliance Officer                     | 07-01-2016      | NA - less than 5% | No                |  | 5746445      |
|  | Direct      |  | Neil Christopher McMonagle     | Senior Managing Director                     | 07-01-2017      | NA - less than 5% | Yes               |  | 000000000    |
|  | Direct      |  | Jonathan David Howard Godsmark | Senior Managing Director                     | 07-01-2019      | NA - less than 5% | Yes               |  | 5915250      |

### Disclosure Reporting Pages (DRPs)

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4, 9-D5)**

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5, 9-D1)**

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** —

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299336

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299335

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299334

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299333

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299332

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299329

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299328

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2299326

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2316405

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2316406

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Captial Advisors, LLC

  - **Disclosure Number:** 2364568

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2364569

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2364570

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2364571

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2389320

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2389321

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2425119

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2448782

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2455784

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

  - **Associated Person:** —

  - **CRD Number:** 152514

  - **Filed On (AP):** Form ADV/BD/U4 for Ernst & Young Capital Advisors, LLC

  - **Disclosure Number:** 2484788

### Execution Page

**Signature:** Sergio Costa

**Signer Name:** Sergio Costa

**Title:** Chief Compliance Officer

**Date:** 06-16-2026