California Education Finance

Committed to building the future of education in California.

Our team brings experience, professionalism and integrity to financing K-14 school bond programs in the state of California. We pride ourselves on providing creative solutions, top-notch service and low borrowing costs, supporting our clients’ efforts to act as true stewards of taxpayer dollars. Our seven-person education team out of San Francisco, Los Angeles and Orange County is backed by the power of Raymond James, which is consistently among the leading municipal bond underwriters in the nation. Our extensive distribution network reaches not only Tier 1 institutional buyers, but also Tier 2 and Tier 3 with the largest middle-market institutional sales force in the nation.


public finance professionals dedicated to California K-12 financing


underwriter of negotiated general obligation bonds for K-12 school districts in California*


senior managed transactions priced in 2017 totaling $1.151 billion**


employees in 179 offices in 103 cities statewide


retail brokers with 112,000 accounts and $26.1 billion AUM

*Source: Thomson Reuters, based on number of transactions
**As of 12/31/2017

Full-service Capabilities

  • General obligation bonds
  • Certificates of participation
  • Private placements
  • Tax-credit financings
  • Limited tax obligations
  • Rating agency strategy
  • Debt portfolio analysis


Randy Merritt
Managing Director, Head of California Education Group
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John R. Baracy
Managing Director
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Parker Colvin
Managing Director, Municipal Underwriter
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Un Chu Reardon
Senior Vice President
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Alexzis Fuke
Senior Vice President
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John Nguyen
Vice President
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Brett Lee
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