PHILADELPHIA, Pa., April 14, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Public Financial Management, Inc. ("PFM") (http://www.pfm.com), the nation's leading provider of independent financial advisory services to state and local governments and non-profit institutions, celebrates forty years in the industry this week. Founded on April 11, 1975 with a staff of five, the firm now employs over 500 individuals serving clients from 39 locations across the country.
"As we begin our fifth decade, PFM continues to focus on helping clients overcome their financial challenges, access the capital markets on the best and most appropriate terms, invest resources wisely, and develop sustainable finances, " noted PFM CEO and Managing Director John Bonow. "Over the decades, we have added an asset management practice, developed expertise in multiple sectors and specialties, and formed a management and budget consulting group to be comprehensive in our ability to serve the evolving needs of our clients," he continued. "We believe that governments and non-profits are looking for an advisor they can trust as their needs evolve, and they find that at PFM."
PFM's CEO Mr. Bonow notes that while the firm consistently works on more debt transactions than just about every other public finance firm, what makes PFM distinctive is its commitment to finding the optimal funding solution for each client, including those that may not involve debt. PFM's independence seeks to provide clients with the assurance that their best interests are being served.
"The new municipal advisory regulations clearly reinforce the need for advisors to practice their fiduciary responsibility to the issuer. At PFM, this has always been our orientation, and putting the client first remains the guiding principle on how we do business," he explained.
"Our dedicated employees and partners make the difference at PFM. People work here because of the types of clients we serve, the careers they develop, and the resources and professionalism we bring to each client relationship. We are grateful to the many wonderful people who have helped build and grow PFM over the past forty years. Every colleague at PFM knows the importance of working to maintain our reputation through excellent client service and of contributing to the culture that makes PFM a leading firm in public finance," he concluded.
Public Financial Management, Inc., has been named the top-ranked municipal advisory firm in the nation for the past seventeen years according to Thomson Reuters, advising on almost $750 billion in total debt in some 15,000 transactions during that period. PFM provides independent financial advisory services to a broad base of local, state, and regional government and non-profit clients throughout the United States. It is a registered municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010.
The PFM Group of companies also includes affiliate PFM Asset Management LLC, providing investment management and consulting services to pension funds, endowments and foundations, and similar institutional investors. PFMAM is registered with the SEC under the Investment Advisers Act of 1940 and manages money market, fixed income, and multi-asset class portfolios. For the period ending December 31, 2014, PFMAM had $103.4 billion in total assets, including $53.0 billion in discretionary assets under management and $50.4 billion in non-discretionary assets under advisement. It also includes PFM Swap Advisors LLC, specializing in offering experienced independent advice in swaps.
PFM is planning many ways to mark this special anniversary throughout the remainder of 2015.
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