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  • Outline of the state of Texas 
  • Requirements for Brokerage Services

    There are investment program opportunities for brokerage services that are available to firms who meet certain requirements:

    1. Firms must be duly registered as Broker/Dealers and be in good standing with the Securities and Exchange Commission;
    2. Firms and their designated agents must be members in good standing with the National Association of Securities Dealers, (now known as the Financial Industry Regulatory Authority);
    3. Firms and their designated agents must be registered and in good standing with the Texas State Securities Board;
    4. Firms must have a history of serving institutional clients for a minimum of three years;
    5. The firm or its executing broker and the clearing agent must each have minimum excess net capital of $2.5 million.
    6. Firms must demonstrate an ability to add value to the investment process.
  • HUB Relationships

    ERS staff members are encouraged to "think HUB" when awarding purchasing and contracting opportunities. ERS attends conferences and co-hosts HUB Economic Opportunity Forums to spread the word about ERS contract opportunities. ERS contacts HUBs whenever possible for procurements for bids that are under the $5,000 competitive procurement threshold. Learn more with the ERS Vendor and HUB Guide.