Public Financial Management, Inc. Retains Top National Ranking for 2014

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Thomson Reuters Municipal Financial Advisor Review Finds PFM First Overall Nationally for the 17th Consecutive Year

A number one ranking is always rewarding, but delivering excellent client service and our many trusted client relationships are what drive PFM.

Public Financial Management, Inc. (PFM) has again been ranked first overall by a sizable margin as the nation’s most active municipal advisor for municipalities and non-profit organizations. This ranking is for both the number of transactions as well as the dollar value of those transactions for the full year of 2014. According to Thomson Reuters, which tracks and assembles the rankings, PFM advised on a total of 783 transactions with an aggregate principal amount of $48.6 billion. These results far outpaced all the other advisory firms, which include independent firms like PFM and other advisors. PFM garnered an 18.9 percent market share compared with only 10.8 percent for the nearest competitor.

PFM’s CEO John Bonow noted that while a number one ranking is always rewarding, delivering excellent client service is what drives PFM, and the firm views its continuing success as a result of its many trusted client relationships.

“Of course, it’s gratifying to retain the leadership position PFM has held for the past seventeen years. We certainly believe that our ongoing dedication to developing solutions to our client’s needs as our primary goal has helped us maintain this ranking,” he noted. “Governments and non-profits are increasingly looking for an independent advisor they can trust when navigating the capital markets, and they find that at PFM.”

“PFM is vigilant in analyzing our clients’ debt portfolios and capital plans to help them quantify what the market may offer them and access cost-effective capital. While we work on more transactions than just about every other public finance company or group, we are focused on finding the optimal funding solution for the client, including those that may not involve debt. PFM’s fiercely independent character provides clients with the assurance that we are working in their best interests,” he explained.

Thomson Reuters also ranked PFM first in a number of market sectors, including Combined Utilities, Primary & Secondary Education, Higher Education, Industrial Development, Transportation, Public Power, Water, Sewer & Gas, and Economic Development. Further, PFM ranked first in most geographic regions, including the Midwest, Northeast, Southeast, Mideast, and West.

Looking to the future, Mr. Bonow noted that PFM will continue looking for additional ways to be of service to clients and to deliver innovative ideas that help clients overcome their most difficult challenges. “We are heartened that so many clients recognize the value of PFM’s advice and we will continue to provide unbiased advice in the years to come as well,” he added. “We have been here for our clients in a variety of different market environments,” Mr. Bonow noted, “and our record of service speaks for itself. The rankings are simply evidence of the faith that our clients have in our ability to be valuable partners who will always render solid advice on their behalf,” he added.

For nearly four decades, PFM has built a solid presence in the municipal and non-profit marketplace and has provided independent financial advisory services to local, state, and regional government and non-profit clients throughout the United States in their dealings with the capital markets. The PFM Group has built a solid presence in the municipal and not-for-profit marketplace. The PFM Group of companies includes Public Financial Management, Inc., (PFM) the top-ranked municipal advisory firm in the nation for the past 17 years according to Thomson Reuters. PFM is a registered municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010.

PFM Asset Management LLC (PFMAM), also part of the PFM Group of companies, is registered with the SEC under the Investment Advisers Act of 1940 and manages money market, fixed income, and multi asset class portfolios. For almost 34 years, PFMAM has specialized in providing fixed income portfolio management for separate accounts, emphasizing a conservative, low-risk, and disciplined approach to research and portfolio construction. PFMAM provides independent and objective advice to institutional and government clients on investment consulting and asset management services, as well as strategic consulting and plan benefits for Public and ERISA Pensions, OPEB Trusts, Endowments and Foundations, Insurance Trusts.

The PFM Group currently employs more than 500 individuals serving a broad base of clients from offices in every region of the country.


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Sandra Sosinski
PFM Group
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