Arkansas Public Finance

Public Finance Market Watch

In-depth and timely commentary and analysis on the municipal market from industry experts.

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Local legacy. National reach.

Raymond James is a proven partner for issuers across Arkansas, with a strong presence in the state that began in 1931 with T.J. Raney and Sons and expanded in 1989, when Morgan Keegan acquired the assets and operations of the firm. In 2012, Raymond James and Morgan Keegan combined, resulting in one of the largest and most dynamic public finance practices in the country.

Through institutional fixed income and public finance offices in Little Rock, Raymond James helps enable Arkansas issuers to achieve their goals and build their communities. And with underwriting expertise and a breadth of resources, Raymond James Public Finance is consistently named a top 10 municipal underwriter nationally*, while the firm’s commitment to Arkansas remains steadfast.


employees in 45 offices in 20 cities statewide


retail brokers with 36,301 accounts and over $8.8 billion AUM


issues worth $5.1 billion executed in Arkansas in the last decade

Stats as of 9/30/2022
*Source: Bloomberg, based on total par amount (2015-2022). Past performance may not be indicative of future results.

Full-service Capabilities

  • General obligation/General fund
  • Utilities
  • Higher education
  • Transportation/Aviation
  • Non-Ad valorem revenues
  • Taxable financings
  • Healthcare
  • Housing
  • Tobacco securitization
  • School districts
  • Financial advisory services
  • Economic development projects
  • Investment of proceeds advisory
  • Limited tax obligations
  • Tax increment financing
  • Private placements
  • USDA financing
  • Rating agency strategy


James Birdwell
James E. Birdwell III
Managing Director, Healthcare Finance Specialist
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Chuck Ellingsworth
Chuck Ellingsworth
Managing Director, Higher Education Specialist
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Sam Nagel
Sam Nagel
Senior Vice President
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Photo of Cheryl Schluterman
Cheryl Schluterman
Senior Vice President
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Patricia Quinn
Patricia Quinn
First Vice President
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Will Glass
Vice President
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