PFM leads top municipal advisors in 2024

PFM Financial ranked first among the Top 10 municipal advisors in 2024.

The top 10 advisors accounted for $249.421 billion of par or 59.3% of the total issuance with municipal advisors.

Rank Financial advisors 2024 Par amount Market share Number of issues
1 PFM Financial Advisors $79.147B 18.83% 767
2 Public Resources Advisory Group $53.067B 12.62% 150
3 Hilltop Securities $29.077B 6.92% 466
4 Frasca $20.435B 4.86% 56
5 Kaufman Hall $14.714B 3.50% 72
6 Municipal Capital Markets Group $12.672B 3.01% 28
7 Caine Mitter $10.712B 2.55% 133
8 Acacia Financial Group $10.51B 2.50% 88
9 KNN Public Finance $9.687B 2.30% 71
10 Piper Sandler $9.401B 2.24% 174
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Piper Sandler ranked 12th in 2023.
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KNN Public Finance ranked 10th in 2023.
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Acacia Financial Group ranked 6th in 2023.
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Caine Mitter ranked 8th in 2023.
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Municipal Capital Markets Group ranked 5th in 2023.
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Kaufman Hall ranked 13th in 2023.
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Frasca ranked 4th in 2023.
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HilltopSecurities ranked 3rd in 2023.
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Public Resources Advisory Group ranked 2nd in 2023.
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PFM Financial Advisors ranked 1st in 2023.
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