BRADENTON, Fla. — Richard Marvin, a 26-year municipal finance veteran, has joined PFM Group as a director, opening a new office in Winston-Salem, N.C.
PFM also has an office in Charlotte where 10 advisors and support staff are based, along with the firm's national pricing group and public power sector.
In total, Marvin's experience spans 39 years in the municipal finance and city management sectors. Most recently, he served as managing director for several national and North Carolina-based firms, specializing in general municipal finance and health care.
Marvin's broad experience and technical abilities support PFM's expansion efforts, said Kevin Rotty, a managing director headquartered in Richmond, Va.
"Expanding the firm's footprint in the Southeastern U.S., and building on our existing business in the Carolinas achieves a key strategic goal for PFM, and with his extensive knowledge and understanding of this market we believe Richard will be able to make a major contribution to that effort right from the start," Rotty said.
Marvin's experience includes working at First Tryon Advisors providing financial advisory services in general government, health care, senior living, and higher education in the Carolinas and Georgia. At Wachovia, Marvin managed various public finance groups serving clients in the southeast.
On the municipal government side, he was city manager at Myrtle Beach, S.C., village manager at Streamwood, Ill., and assistant city manager at West Palm Beach, Fla.
Marvin received a bachelor's degree from the University of North Carolina at Chapel Hill and a master's of public administration from American University in Washington, D.C.
PFM has ranked number one in the Southeast region for the past five years in the number of transactions and par amount, the firm said. In North Carolina, PFM advised on transactions with a par value of nearly $23 billion between 2009 and 2013.
Public Financial Management Inc., provides financial advisory and portfolio management services nationwide for government and nonprofit organizations, corporations, pension and endowment funds, and health care, among other sectors.
The firm has been the top-ranked independent municipal advisory firm in the nation for 16 years. It was ranked number one in the first quarter of 2014, with 142 issues totaling $7.7 billion, according to Thomson Reuters.
