PFM Retains Top National Ranking for First Nine Months of 2012

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PHILADELPHIA, Oct. 2, 2012 (GLOBE NEWSWIRE) -- 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 on which it advised for U.S. state and local governments and non-profits as well as the dollar value of those transactions through the third quarter of 2012. PFM's total of 706 transactions with a total principal amount of $40.9 billion for the first nine months of the year far outpaced all the other advisory firms as well as all investment banks.

John H. Bonow, Chief Executive Officer of PFM Group, in commenting today on the recent rankings, noted the value that clients receive from PFM as a major contributor to the firm's ongoing growth. "It is gratifying that PFM's clients in every region of the country rely on us to help capture a very low cost of capital for their important projects," Mr. Bonow said. "They trust us to identify and help realize refinancing savings, and this cost minimization is made possible in part by our dedicated Pricing Group and PFM's extensive market reach," he explained.

"The level of financial stress facing governments and non-profits has rarely placed a higher premium on the value of executing debt transactions so efficiently," he continued. "These transactions are typically part of broader plans of finance, and many of them involve innovations that we have helped clients analyze and, when appropriate, implement. We anticipate, given the trust that our clients place in our independent advice, that this decade-long trend of PFM market leadership will continue in the future."

For over 35 years, PFM has built a reputation of adding value in all aspects of municipal finance and has been involved in financing programs totaling nearly $734 billion. The PFM Group currently employs more than 470 individuals serving a broad base of clients in every region of the country. The firm is well respected for providing clients with independent financial advisory services as well as investment consulting and management. Public Financial Management, Inc. has been ranked number one nationally in debt transactions for the past fourteen years in a row. 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 $43.8 billion in assets under management and provided investment consulting services for an additional $25.2 billion as of June 30, 2012. PFM's clients are state and local governments, non-profit corporations, pension funds, and similar institutional investors. The PFM Group also provides management and budget consulting and pension and OPEB advisory services.

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CONTACT: John H. Bonow, Managing Director and Chief Executive Officer PFM Group (215) 567-6100 Sandra W. Sosinski, Director of Communications PFM Group (215) 557-1405

Source:Public Financial Management, Inc.