Arkansas Public Finance

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 five municipal underwriter nationally*, while the firm’s commitment to Arkansas remains steadfast.


employees in 44 offices in 21 cities statewide


retail brokers with 36,730 accounts and over $9.4 billion AUM


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

Stats as of 12/31/2022
*Source: Bloomberg, based on total number of issues. 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
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Photo of Cheryl Schluterman
Cheryl Schluterman
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Patricia Quinn
Patricia Quinn
First Vice President
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Will Glass
Vice President
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