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Rankings

1H22 top 10 advisor rankings see new firms

By Jessica Lerner
July 19, 2022 11:50 AM

Municipal financial advisors saw $166.083 of business in 3,451 transactions in the first half of 2022, down from the $184.430 billion in 4,540 deals in 2021.

Estrada Hinojosa & Co., Stifel Nicolaus & Co. and CSG Advisors Incorporated moved into the top 10.

The PFM Group Logo

PFM stays at No. 1

Public Financial Management Financial Advisors claimed the top spot, advising on $24.650 billion with a 14.8% market share versus $30.188 billion and 16.4% share of the market a year ago.
Public Resources Advisory Group

PRAG comes in second but with less par

Public Resources Advisory Group stayed second with a par amount of $18.740 billion or 11.3% share of the market. That compares with its $21.448 billion and a 11.6% market share in the first half of 2021.
HilltopSecurities Inc. Logo
TONYVALADEZ.COM

HilltopSecurities is in third

HilltopSecurities accounted for $10.734 billion and a 6.5% market share to be squarely in third place, compared to $16.096 and a 8.7% market share from the year before.
Frasca logo

Frasca remains in fourth

Frasca & Associates was in fourth place, totaling $9.105 billion and 5.5% market share compared to $7.615 billion and 4.1% share of the market in 2021.
Estrada Hinojosa

Estrada Hinojosa & Co. makes big moves

Estrada Hinojosa & Co. jumped fifth place, with a par amount of $5.805 billion and 3.5% share of the market, both increases from $3.002 billion and 1.6% in the first half of 2021.
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Rest of the top 10

Piper Sandler & Co. with $4.130 billion, Acacia Financial Group with $3.858 billion, Stifel Nicolaus & Co. with $3.225 billion, Swap Financial Group with $3 billion and CSG Advisors Incorporated with $2.893 billion.
Jessica Lerner
Senior Markets Reporter, The Bond Buyer
Rankings Municipal advisors Primary bond market
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