X-17A-5: Submission Information

Report for the Period Beginning

01-01-2017

and Ending

12-31-2017

Type of Registrant

Broker-dealer

Security-based swap dealer

Major security-based swap participant

Material Weakness

Does this submission include an accountant's report covering the compliance report that indentifies one or more material weaknesses?

Yes

X-17A-5: A. Registrant Identification

Name of Firm

CLEARY GULL INC.

Address of Principal Place of Business (Do not use P.O. Box No.)

Address 1

411 EAST WISCONSIN AVE.

Address 2

SUITE 1850

City

MILWAUKEE

State/Country

WISCONSIN

Mailing Zip/ Portal Code

53202-3590

Name and Telephone Number of Person to Contact in Regard to this Report

Name

Carol Ann Kinzer

Telephone Number

678-525-0992

X-17A-5: B. Accountant Identification

Independent Public Accountant

Name - if individual, state last, first, and middle name

Grant Thornton LP

Address 1

100 E. Wisconsin Avenue

Address 2

Suite 2100

City

Milwaukee

State/Country

WISCONSIN

Mailing Zip/ Postal Code

53202

Check One

Certified Public Accountant
Radio button not checked

Certified Public Accountant not resident in United States or any of its possessions

X-17A-5: Signature

Oath or Affirmation

I, James Wawrzyniakowski, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of CLEARY GULL INC., as of 12-31-2017, is true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows:

Signature

James Wawrzyniakowski

Title

Chief Administrative Officer

Notary Public

Checking this box acknowledges that this oath or affirmation has been notarized.

X-17A-5: Filer Information

Submission Contact Information