PHILADELPHIA, Oct. 14 /PRNewswire/ -- Thomson Reuters, which tracks and assembles quarterly rankings in municipal financing transactions, has reported that Public Financial Management (PFM) has again been ranked first overall in the number of transactions it facilitated for municipalities nationwide as well as the dollar value of those transactions through the third quarter of 2010. PFM's total of 705 transactions with proceeds of $38.9 billion for the first nine months of the year far outpaced all the other top ten ranked firms. In addition, PFM ranked first in transactions under the American Recovery and Reinvestment Tax Act (ARRTA) and in both long and short term transactions.
F. John White, Chief Executive Officer of PFM Group, in commenting today on the recent rankings, noted that PFM's leadership position has been solidified over many years. "The rankings are merely a reflection of the confidence our clients have in our ability to add value on their behalf," he noted. "We are extremely grateful that in the current economic environment, where clients are looking for both performance and stability, PFM's experience and leadership are well recognized by municipalities and government agencies throughout the various markets in which we practice."
For over three decades, PFM has built a solid presence in the municipal marketplace and has been involved in financing programs totaling in excess of $435 billion. The PFM Group currently employs more than 430 individuals serving a broad base of clients from 34 offices located in every region of the country. The firm is well respected for providing clients with independent advisory services free of conflicts in their dealings with the capital markets. For the first nine months of 2010, PFM was the top ranked independent financial advisory firm nationwide, advising clients on $38.9 billion of total debt issuances in 705 separate transactions. In addition, at September 30, 2010, PFM Asset Management LLC, also part of the PFM Group, had $36.5 billion in assets under management for state and local governments and non-profit institutions, and provided non-discretionary advice for an additional $2.3 billion in fixed income securities.
SOURCE The PFM Group