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Decades of experience,
managing municipal funds.

Ampersand Public Advisors is a specialized subsidiary of Ampersand Inc., focused entirely on the cash management and post-issuance compliance needs of public entities. Our team holds Series 50 and 54 licenses and is registered with the MSRB.

What guides us

Three principles
for public dollars.

Public funds carry an obligation to stakeholders that goes beyond return. Our work is measured by three tests, applied to every deposit and every filing we execute.

01

Safety.

Every dollar is placed into a federally insured institution. The AmpersandAlign™ Deposit Program is managed to satisfy pass-through deposit insurance requirements, so your funds are protected across the entire network.

02

Liquidity.

Public entities need funds on time. Our programs are structured for next-day access, with maturity coordination that matches your draw schedule — not the other way around.

03

Return.

Competitive bidding across a broad network of insured institutions may provide access to rates not available through a single institution — without compromising on safety or liquidity.

Our team's experience

A short history.

Our team has worked alongside public depositors for nearly three decades — first from inside the bank, then directly beside the public entities themselves.

  1. 1997
    Serving public depositors from inside the bank

    Working with public depositors at the bank level — operating accounts, Tax Anticipation Notes (TANs), Bond Anticipation Notes (BANs) and reserve accounts.

  2. 2009 – 2022
    Trusted advisor to public entities

    Working directly with public entities on bond proceeds — understanding their bank relationships and providing guidance on RFPs, bank pricing, day-to-day questions and coordination.

  3. Today
    Ampersand Public Advisors

    That same experience, now delivered as a registered Municipal Advisor (MSRB #K1337) — with a nationwide network of 700+ insured institutions behind it.

The team

A focused,
licensed team.

Ampersand Public Advisors is intentionally small. Every engagement is led by a principal — with direct experience in public-entity finance and Series 50/54 licensing where the work requires it.

Erin Wheeler

Erin Wheeler

Managing Director

Erin joined Ampersand in August 2026 as Director of Government & Institutional Funds, and now leads Ampersand Public Advisors as Managing Director. She spent more than eleven years in Wisconsin school-district finance, most recently as Director of Finance & Operations for the Middleton-Cross Plains Area School District, giving her a practitioner's perspective on the challenges every public depositor faces.

MSE, UW-Whitewater BBA, Wisconsin School of Business WI School Business Administrator
Milwaukee, WI LinkedIn ↗
Jessica Fuchs

Jessica Fuchs

President · Series 50 / 54

Jess co-founded Ampersand, Inc. as Chief Experience Officer, and serves as President of Ampersand Public Advisors. Her career spans two decades across banking, credit unions and deposit-management fintech — with a consistent focus on aligning treasury solutions to the actual needs of depositors. She holds the Series 50 and 54 licenses required to serve as a registered Municipal Advisor.

Series 50 Series 54 BS, Milwaukee School of Engineering
Milwaukee, WI LinkedIn ↗
Registrations

Credentials
on the record.

Public entities deserve transparent counterparties. Here's what we're registered as — verifiable through the MSRB.

MSRB Registration
#K1337
Advisor licenses
Series 50 · 54
Deposit program
AmpersandAlign™
Insurance framework
FDIC · NCUA · NCUSIF
Talk to a Municipal Advisor

Ready to see how we work?
Let's meet.

A 15-minute call surfaces where Ampersand can add the most value to your entity — issuance, ongoing compliance, or a fresh look at depositor relationships.

Request a consultation
Direct line 262 · 381 · 8400