The Utah Office of State Treasurer has issued a new list of certified investment advisors for the upcoming quarter running from July 1, 2026, through September 30, 2026. This updated list replaces the previous list dated April 1, 2026.
Changes to advisor list
According to the notice sent to public treasurers, the current list reflects changes including the removal of ten advisors and one firm from the previous June 11, 2025, list.
Notable firms on updated list
The updated advisory list includes several new additions marked with an asterisk. Notable firms on the list include Alliance Bernstein LP, Chandler Asset Management Inc, D.A Davidson & Co., Government Portfolio Advisors, Meeder Public Funds Inc, Raymond James & Associates Inc, Soltis Investment Advisors LLC, Tingey Advisors Inc, US Bancorp Asset Management Inc, Wells Fargo Clearing Services LLC, and Zions Capital Advisors.
Rules for public fund transactions
Transactions involving authorized deposits or investments of public funds are permitted only through qualified depositories, certified agents of dealers, issuers of securities authorized by Section 51-7-11(3), or the certified investment advisers included in this list. Certified investment advisers are now permitted to use their own lists of brokers to purchase investments for public entity accounts.
Security delivery and compliance standards
All securities purchased through a certified investment adviser must still be delivered to the public treasurer or to the treasurer's safekeeping bank. While advisors on this list have met minimum standards established by Utah Administrative Code, Section R628-15, inclusion does not constitute an endorsement or recommendation by the Securities Division of the Department of Commerce or the Money Management Council.
Treasurer responsibilities and regulations
Public treasurers remain responsible for compliance with the Money Management Act and the rules of the Council.
