Member firms must be qualified by experience and practice to advise and assist public agencies on financing capital improvements and in issuing bonds, as their primary business.

Qualified employees of member firms may become Certified Independent Professional Municipal Advisors (CIPMA). The employee must be a current employee of the firm, have worked for the member firm for two years not less than 75 percent full time, and have continuously performed financial advisory services for a period of two years. A Bachelors degree or six years of experience in public finance, successful completion of the Certification Test, plus other eligibility standards are required.