PHILADELPHIA, Jan. 7, 2013 (GLOBE NEWSWIRE) -- Public Financial Management, Inc. (PFM) has again been ranked first overall by a sizable margin in all major categories 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 2012. According to Thomson Reuters, which tracks and assembles the rankings, PFM advised on a total of 900 transactions with an aggregate principal amount of $56.9 billion. These results far outpaced all the other advisory firms, which include independent firms like PFM and other advisors. PFM garnered a 19.9 percent market share compared with only 9.3 percent for the nearest competitor, and 17.7 percent for the combined second and third place ranking firms.
"We are extremely gratified to be the market leaders for the fifteenth year in row, but we are even more pleased that we have been able to help our clients complete important transactions with an appropriate cost of financing in this market," noted PFM's CEO John Bonow. "PFM's long record of market leadership reflects the trust that we've always worked hard to develop and maintain with our clients. Experienced, independent advice has never been more important," he added, "and it is a core feature of PFM that our clients recognize and value highly. We believe that these rankings are an indicator of the faith that our clients have in our ability to be valuable partners in addressing their challenges and executing efficient transactions."
Looking to the future, Mr. Bonow noted that PFM continues looking for additional ways to be of service to clients. "These advisor rankings are a direct result of PFM's deliberate strategy to be the best and to provide trusted advice to our clients, whether it's in general municipal, public power, transportation, education, or any of the many areas where we offer counsel. Ultimately the client has to validate that strategy by recognizing the value we add, the excellent nature of our service, and continuing the client relationship."
For almost four 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 of companies also provides investment consulting services, best practices management and budget consulting, and pension advisory consulting services to pension funds and similar institutional investors. Since its founding in 1975, PFM has built a reputation of adding value in all aspects of municipal finance and has been involved in financing programs totaling nearly $739 billion, according to Thomson Reuters. 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 and offers a strong history of thoughtful innovation coupled with an abiding dedication to protecting client capital. At September 30, 2012, PFMAM had $44.8 billion in assets under management for state and local governments and non-profit institutions and provided non-discretionary advice for an additional $25.6 billion in securities. The PFM Group currently employs more than 470 professionals serving a broad base of clients from offices located in every region of the country.
The Public Financial Management, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11416