Comptroller's Listing of Minority-and Women-Owned Broker Dealers

Thank you for your interest in the Comptroller’s Minority and Women Owned Brokerage Initiative. In order to enhance the use of minority and women owned brokerage firms by investment advisors under contract to the pension funds, Comptroller Thompson on behalf of the pension funds created a Minority and Women Owned Brokerage Initiative. Through the initiative, a pool of minority and women owned brokerage firms was established to execute trades subject to best execution on behalf of the funds’ investment managers.

If your firm would like to be considered for inclusion in the pool in the future please email your firm’s contact information to Karina Cabrera at kcabrer@comptroller.nyc.gov. At the time that a Request for Expression of Interest (“RFEI”) is released your firm will be invited to complete the RFEI and be consider for inclusion in the Minority and Women Owned Brokerage Initiative.

Please note that in order to be eligible to complete the RFEI your firm must be certified by either the New York City Department of Small Business Services(DBS) or the New York State Empire State Development (ESD) as a Minority/Women-owned Business Enterprise or M/WBE. Businesses based outside of the City (including those not located in New York State), must be certified by the ESD . Certification takes from four to twelve weeks and re-certification is required approximately every two years or at the request of the certifying agency.

Applications from the respective agencies can be downloaded from DBS and from ESD . Alternatively, you may contact DBS by calling (212) 513-6311 or by writing to the agency at 110 William Street, 7th floor, New York, NY 10038. To contact ESD you may call (212) 803-2414 or by write to ESD at 633 Third Ave.,32nd floor, New York, NY 10017.