Kathleen A. Aho

Kathleen A. Aho

Principal, CIPMA · +1 (651) 223 3048

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Kathleen Aho, a principal with Baker Tilly, has more than 40 years of experience as a municipal advisor.

Kathleen has a reputation for developing creative solutions for managing today’s most challenging financial issues, such as housing, economic development, sales and/or special tax-backed financings, transportation and enterprise management. She is also responsible for establishing municipal advisory standards within BTMA. Kathleen is a former board member and past president of the National Association of Municipal Advisors and the Minnesota Institute of Public Finance, and participates in the MSRB’s Compliance Advisory Group.

Registered Municipal Advisor with the Securities and Exchange Commission.

  • Leader in Baker Tilly Municipal Advisors, LLC
  • Serves as primary representative to select municipal advisory clients
  • Works directly with clients and staff to develop customized financing structures
  • Develops individualized financial plans to meet clients financing needs
  • Assists clients in analysis of new or complex financing options
  • Presents financial concepts to staff and elected officials
  • Advises clients on post-issuance compliance matters and oversees the Continuing Disclosure and Arbitrage groups
  • Provides complex financial models that assist clients in planning and managing unique revenue-based transactions
  • Assists clients in analysis of  investment options
  • Assists in policy development related to debt and investments
  • Develops new service areas, establishes standards and procedures for advisory service delivery
  • Promotes professional development of staff
  • Speaks on public finance-related issues at national conferences and symposiums


  • Municipal Securities Rulemaking Board (MSRB), 2019 Member, Compliance Advisory Group
  • Minnesota Institute of Public Finance (MIPF), Past President and former Board Member
  • Government Finance Officers Association (GFOA)
  • National Association of Municipal Advisors (NAMA), past President and former Board Member
  • Economic Development Association of Minnesota (EDAM)


  • Former elected school board member and chair
  • Appointed member of city planning commission
  • Budget and Finance Committee of Ecumen (non-profit senior housing development), former member

Continuing professional education

  • Series 7 and Series 66 (successfully sat for)
  • Certified Independent Professional Municipal Advisor (NAMA) and conferences
  • Practicing Law Institute, Securities Related Programs
  • University of Minnesota, Minneapolis, Carlson School of Management
  • Government financial Officers Association (GFOA) national conferences, speaker
  • NABL conference attendee
  • MSRB and NAMA hosted municipal bond webinars
  • MSRB MuniEdPro training
  • Municipal Finance update (KDV), speaker
  • Various formal internal training segments, coordinator and speaker




University of Minnesota – Minneapolis
Bachelor of Science in mathematics