# EDGAR Filing Document

**Accession Number:** 0000071260
**File Stem:** 0000071260-26-000004
**Filing Date:** 2026-3
**Character Count:** 23632
**Document Hash:** bdaefa03095e6a6d8d1b5a9829e22a99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000071260-26-000004.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0000071260-26-000004

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260326

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROTHSCHILD & CO US INC.
- **CENTRAL INDEX KEY:** 0000071260

**ORGANIZATION NAME:**
- **EIN:** 132589894
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-02183
- **FILM NUMBER:** 26800675

**BUSINESS ADDRESS:**
- **STREET 1:** 1251 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 212-403-3612

**MAIL ADDRESS:**
- **STREET 1:** 1251 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROTHSCHILD INC.
- **DATE OF NAME CHANGE:** 20021105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROTHSCHILD INC                                          /BD
- **DATE OF NAME CHANGE:** 20000101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROTHSCHILD INC /NY                                      /BD
- **DATE OF NAME CHANGE:** 19970730

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

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000071260

**Filer CCC:** XXXXXXXX

**Contact Name:** Frank London

**Contact Phone:** 2124033612

**Contact Email:** frank.london@rothschildandco.com

**Notification Emails:** melanie.klyuchnikov@rothschildandco.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** ROTHSCHILD & CO US INC.

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 2910

**&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:** 13-2589894

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-02183

- **Broker-Dealer:** SEC File No: 008-13852, CRD No: 2910

**E. Principal Office and Place of Business:** 1251 AVENUE OF THE AMERICAS, NEW YORK, NY, 10020

**Telephone Number:** 212-403-3610

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

**F. Website:** www.rothschildandco.com

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

**Name:** Frank Steven London

**Titles:** Head of Legal and Compliance, Americas, Managing Director

**Address:** 1251 Avenue of the Americas, New York, NY, 10020

**Phone Number:** 212-403-3612

**Email:** frank.london@rothschildandco.com

**H. Business Affiliates:**

- **Name:** Five Arrows Managers North America LLC

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

  - **Jurisdiction:** 

- **Name:** Rothschild & Co Global Markets Solutions LLC

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

  - **Jurisdiction:** 

- **Name:** Five Arrows Managers (USA) LLC

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

  - **Jurisdiction:** 

**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:** DE

**D. Date of Organization:** 07-20-1967

**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:** 236

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

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 2

**&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:** 
Not Applicable
, Not Applicable

**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 Insurance Of MS, Advice Investment Of Proceeds MS

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

**Total Associated Persons:** 3

### 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?:** Yes

- **SRO Found Violation?:** Yes

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **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?:** 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?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                               | Title/Status                                                                           | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Rothschild & Co North America Inc. | Direct Shareholder                                                                     | 10-01-2000      | E - 75% or more   | Yes               | 13-3438524   |  |
| John Murray Carroll                | Director                                                                               | 01-01-2025      | NA - less than 5% | No                |  | 2605675      |
| James Manuel Neissa                | Director                                                                               | 09-01-2016      | NA - less than 5% | No                |  | 2142240      |
| Christa Mary Schackert             | Financial Operations Principal and Controller                                          | 10-01-2007      | NA - less than 5% | No                |  | 4219093      |
| Tracy Jill Feldman                 | Director                                                                               | 09-15-2018      | NA - less than 5% | No                |  | 2575503      |
| Michael Charles Speller            | Chief Executive Officer (For Regulatory and Compliance Purposes), Partner and Director | 11-14-2023      | NA - less than 5% | Yes               |  | 3105214      |
| Frank Steven London                | Chief Compliance Officer                                                               | 01-01-2025      | NA - less than 5% | No                |  | 5861920      |

### Schedule B: Indirect Owners

| Owning Entity                            | Name                                     | Title/Status                     | Date Acquired   | Ownership Code                                          | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Rothschild & Co Continuation Holdings AG | Concordia Holding SARL                   | Shareholder                      | 07-01-2003      | D - 50% but less than 75%                               | Yes               |  |
| Concordia Holding SARL                   | Paris Orleans Holding Bancaire SAS       | Shareholder                      | 01-01-2008      | E - 75% or more                                         | Yes               |  |
| Rothschild & Co Continuation Holdings AG | Paris Orleans Holding Bancaire SAS       | Shareholder                      | 06-01-2012      | C - 25% but less than 50%                               | Yes               |  |
| Paris Orleans Holding Bancaire SAS       | Rothschild & Co SCA                      | Shareholder                      | 01-01-2008      | E - 75% or more                                         | Yes               |  |
| Rothschild & Co North America Inc.       | Rothschild & Co Continuation Holdings AG | Shareholder                      | 07-01-2003      | E - 75% or more                                         | Yes               |  |
| Ponthieu Rabelais SAS                    | Bero SAS                                 | Shareholder                      | 08-05-1985      | D - 50% but less than 75%                               | Yes               |  |
| Rothschild & Co Concordia SAS            | Financiere de Tournon SAS                | Shareholder                      | 01-22-2008      | C - 25% but less than 50%                               | Yes               |  |
| Rothschild & Co Concordia SAS            | Ponthieu Rabelais SAS                    | Shareholder                      | 01-22-2008      | C - 25% but less than 50%                               | Yes               |  |
| Rothschild & Co SCA                      | Rothschild & Co Commandite SAS           | General Partner                  | 06-08-2012      | F - Other (general partner, trustee, or elected member) | Yes               |  |
| Rothschild & Co SCA                      | Rothschild & Co Concordia SAS            | Shareholder                      | 01-22-2008      | D - 50% but less than 75%                               | Yes               |  |
| Rothschild & Co SCA                      | Rothschild & Co Gestion SAS              | General Partner                  | 06-08-2012      | F - Other (general partner, trustee, or elected member) | Yes               |  |
| Financiere de Tournon SAS                | David Rene de Rothschild                 | Shareholder (Usufruct Ownership) | 08-29-1975      | E - 75% or more                                         | Yes               |  |
| Financiere de Tournon SAS                | Alexandre NMN de Rothschild              | Shareholder (Bare Ownership)     | 11-23-2021      | E - 75% or more                                         | Yes               |  |
| Bero SAS                                 | Anna NMN de Rothschild                   | Shareholder (Bare Ownership)     | 01-10-1991      | C - 25% but less than 50%                               | Yes               |  |
| Bero SAS                                 | Eric NMN de Rothschild                   | Shareholder (Usufruct Ownership) | 03-05-1981      | E - 75% or more                                         | Yes               |  |
| Bero SAS                                 | James NMN de Rothschild                  | Shareholder (Bare Ownership)     | 01-10-1991      | C - 25% but less than 50%                               | Yes               |  |
| Bero SAS                                 | Pierre NMN de Rothschild                 | Shareholder (Bare Ownership)     | 05-28-1993      | C - 25% but less than 50%                               | Yes               |  |
| Ponthieu Rabelais SAS                    | Robert NMN de Rothschild                 | Shareholder                      | 08-05-1985      | 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      |  | Rothschild & Co North America Inc.       | Direct Shareholder                                                                     | 10-01-2000      | E - 75% or more                                         | Yes               | 13-3438524   |  |
|  | Indirect    | Rothschild & Co Continuation Holdings AG | Concordia Holding SARL                   | Shareholder                                                                            | 07-01-2003      | D - 50% but less than 75%                               | Yes               |  |  |
|  | Indirect    | Concordia Holding SARL                   | Paris Orleans Holding Bancaire SAS       | Shareholder                                                                            | 01-01-2008      | E - 75% or more                                         | Yes               |  |  |
|  | Indirect    | Rothschild & Co Continuation Holdings AG | Paris Orleans Holding Bancaire SAS       | Shareholder                                                                            | 06-01-2012      | C - 25% but less than 50%                               | Yes               |  |  |
|  | Indirect    | Paris Orleans Holding Bancaire SAS       | Rothschild & Co SCA                      | Shareholder                                                                            | 01-01-2008      | E - 75% or more                                         | Yes               |  |  |
|  | Indirect    | Rothschild & Co North America Inc.       | Rothschild & Co Continuation Holdings AG | Shareholder                                                                            | 07-01-2003      | E - 75% or more                                         | Yes               |  |  |
|  | Indirect    | Ponthieu Rabelais SAS                    | Bero SAS                                 | Shareholder                                                                            | 08-05-1985      | D - 50% but less than 75%                               | Yes               |  |  |
|  | Indirect    | Rothschild & Co Concordia SAS            | Financiere de Tournon SAS                | Shareholder                                                                            | 01-22-2008      | C - 25% but less than 50%                               | Yes               |  |  |
|  | Indirect    | Rothschild & Co Concordia SAS            | Ponthieu Rabelais SAS                    | Shareholder                                                                            | 01-22-2008      | C - 25% but less than 50%                               | Yes               |  |  |
|  | Indirect    | Rothschild & Co SCA                      | Rothschild & Co Commandite SAS           | General Partner                                                                        | 06-08-2012      | F - Other (general partner, trustee, or elected member) | Yes               |  |  |
|  | Indirect    | Rothschild & Co SCA                      | Rothschild & Co Concordia SAS            | Shareholder                                                                            | 01-22-2008      | D - 50% but less than 75%                               | Yes               |  |  |
|  | Indirect    | Rothschild & Co SCA                      | Rothschild & Co Gestion SAS              | General Partner                                                                        | 06-08-2012      | F - Other (general partner, trustee, or elected member) | Yes               |  |  |
|  | Direct      |  | John Murray Carroll                      | Director                                                                               | 01-01-2025      | NA - less than 5%                                       | No                |  | 2605675      |
|  | Direct      |  | James Manuel Neissa                      | Director                                                                               | 09-01-2016      | NA - less than 5%                                       | No                |  | 2142240      |
|  | Direct      |  | Christa Mary Schackert                   | Financial Operations Principal and Controller                                          | 10-01-2007      | NA - less than 5%                                       | No                |  | 4219093      |
|  | Direct      |  | Tracy Jill Feldman                       | Director                                                                               | 09-15-2018      | NA - less than 5%                                       | No                |  | 2575503      |
|  | Direct      |  | Michael Charles Speller                  | Chief Executive Officer (For Regulatory and Compliance Purposes), Partner and Director | 11-14-2023      | NA - less than 5%                                       | Yes               |  | 3105214      |
|  | Direct      |  | Frank Steven London                      | Chief Compliance Officer                                                               | 01-01-2025      | NA - less than 5%                                       | No                |  | 5861920      |
|  | Indirect    | Financiere de Tournon SAS                | David Rene de Rothschild                 | Shareholder (Usufruct Ownership)                                                       | 08-29-1975      | E - 75% or more                                         | Yes               |  | 6525089      |
|  | Indirect    | Financiere de Tournon SAS                | Alexandre NMN de Rothschild              | Shareholder (Bare Ownership)                                                           | 11-23-2021      | E - 75% or more                                         | Yes               |  | 7837138      |
|  | Indirect    | Bero SAS                                 | Anna NMN de Rothschild                   | Shareholder (Bare Ownership)                                                           | 01-10-1991      | C - 25% but less than 50%                               | Yes               |  | 7837140      |
|  | Indirect    | Bero SAS                                 | Eric NMN de Rothschild                   | Shareholder (Usufruct Ownership)                                                       | 03-05-1981      | E - 75% or more                                         | Yes               |  | 7837142      |
|  | Indirect    | Bero SAS                                 | James NMN de Rothschild                  | Shareholder (Bare Ownership)                                                           | 01-10-1991      | C - 25% but less than 50%                               | Yes               |  | 7837144      |
|  | Indirect    | Bero SAS                                 | Pierre NMN de Rothschild                 | Shareholder (Bare Ownership)                                                           | 05-28-1993      | C - 25% but less than 50%                               | Yes               |  | 7837145      |
|  | Indirect    | Ponthieu Rabelais SAS                    | Robert NMN de Rothschild                 | Shareholder                                                                            | 08-05-1985      | C - 25% but less than 50%                               | Yes               |  | 7837143      |

### Disclosure Reporting Pages (DRPs)

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

- **Filed On (Applicant):** Form ADV/BD/U4 for Rothschild Inc.

- **CRD Number:** 2910

- **Disclosure Number:** 109644

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

  - **Associated Person:** —

  - **CRD Number:** 2910

  - **Filed On (AP):** Form ADV/BD/U4 for Rothschild Inc.

  - **Disclosure Number:** 1784023

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

  - **Associated Person:** —

  - **CRD Number:** 2910

  - **Filed On (AP):** Form ADV/BD/U4 for Rothschild Inc.

  - **Disclosure Number:** 1987419

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

  - **Associated Person:** —

  - **CRD Number:** 140564

  - **Filed On (AP):** Form ADV/BD/U4 for Redburn (USA) LLC

  - **Disclosure Number:** 2315573

### Execution Page

**Signature:** Frank London

**Signer Name:** Frank London

**Title:** Head of Legal and Compliance, Americas

**Date:** 03-19-2026