PHILADELPHIA, Jan. 5, 2012 /PRNewswire/ -- Public Financial Management, Inc. (PFM) has again been ranked first overall by a sizable margin for both the number of transactions it facilitated for municipalities and non-profit organizations nationwide as well as the dollar value of those transactions for the full year of 2011. According to Thomson Reuters, which tracks and assembles the rankings, PFM advised on a total of 757 transactions with an aggregate principal amount of $39.6 billion. These results far outpaced all the other advisory firms, which include independent firms like PFM and other advisors. PFM garnered an 18.3 percent market share compared with only 9.6 percent for the nearest competitor.
"While we are extremely gratified to maintain our historic position of market leadership; we are even more pleased that we have been able to help our clients complete important financings in such a difficult market," noted PFM's new CEO John Bonow. "At a time when so many municipalities are experiencing financial challenges, PFM is very pleased that our clients have expressed their confidence in our abilities in a manner that permits us to again be the number one ranked municipal financial advisory firm in the nation. We thank them for their trust and the recognition that experienced, independent advice is even more important today than in years past," he said.
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 add value to their operations. "We are heartened that so many clients recognize the value of PFM's counsel 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 just another demonstration 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 over three decades, PFM has built a solid presence in the municipal 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 currently employs more than 470 professionals serving a broad base of clients from 34 offices located in every region of the country and is well respected for providing clients with independent advisory services free of conflicts. PFM Asset Management LLC (PFMAM), also part of the PFM Group of companies, is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. PFMAM had $42.1 billion in assets under management as of December 31, 2011. PFM's clients are state and local governments, non-profit corporations, pension funds, and similar institutional investors. The PFM Group of companies also provides investment consulting services, best practices strategic consulting and pension advisory consulting services.