Stephen Broden
Working in public finance makes it possible for me to support the hard-working local government professionals that form the backbone of our communities.

Stephen Broden

Arbitrage Managing Consultant
Stephen Broden

Stephen brings 10 years’ experience in providing arbitrage calculations and bond compliance training to his role as Ehlers’ Managing Arbitrage Consultant.  Prior to joining the firm in 2018,  Stephen managed the national arbitrage practice at Arbitrage Compliance Specialist, Inc.  His proactive approach to arbitrage compliance guides clients through the complexities of Internal Revenue Service reporting requirements and rebate analysis.

Stephen has a wonderful wife, three kids, one dog and one bunny at home in Castle Rock. When he is not working, you’ll find him swimming, hiking, gardening, reading or just spending some quiet time watching movies with his family.

Areas of Expertise

Pre-Issuance Arbitrage Guidance
Arbitrage Database Implementation & Management
Expenditure & Investment Analysis
Arbitrage Reporting
Internal Revenue Service Compliance
Arbitrage Training


Bachelor of Science – Financial Management, University of Colorado Denver

Professional Affiliation & Memberships

National Association of Bond Lawyers –  Member
Colorado Government Financial Officers Association –  Member
Colorado Special District Association – Associate Member
Minnesota Government Financial Officers Association – Member

Community Involvement

American Cancer Society – Donor & Volunteer
American Heart Association – Donor & Volunteer
Autism Speaks – Donor & Volunteer
Habitat for Humanity – Volunteer
Junior Achievement – Volunteer
Mile High United Way – Volunteer