2022 financial advisor rankings see changes

Municipal financial advisors saw $304.569 billion of business in 5,935 transactions in 2022, down from $377.886 billion in 8,611 deals in 2021.

Estrada Hinojosa, Ponder, CSG Advisors and Municipal Capital Markets Group moved into the top 10, while KNN Public Finance, Swap Financial Group, Lamont Financial Services Corp. and RBC Capital Markets were ousted.

The PFM Group Logo

PFM is No. 1

Public Financial Management Financial Advisors claimed the top spot, advising on $50.069 billion with a 16.4% market share, down from $64.235 billion and 17% share of the market in 2021.
Public Resources Advisory Group

PRAG stays in second

Public Resources Advisory Group stayed second with a par amount of $35.226 billion or 11.6% share of the market. That compares with its $44.617 billion and an 11.8% market share in 2021.
HilltopSecurities Inc. Logo

HilltopSecurities is in third

HilltopSecurities accounted for $22.670 billion and a 7.4% market share to be squarely in third place, a decrease from $30.992 billion and an 8.2% market share two years ago.
Frasca logo

Frasca & Associates remains in fourth

Frasca & Associates was in fourth place, totaling $17.216 billion and 5.7% market share compared to $13.435 billion and 3.6% market share in 2021.
Acacia_Sign_Photo.jpg

Acacia holds fifth placce

Acacia Financial Group was fifth, with a par amount of $10.318 billion and 3.4% share of the market, compared to $11.850 billion and 3.1% in 2021.
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Rest of the top 10

Estrada Hinojosa with $8.293 billion, Piper Sandler with $6.975 billion, Ponder with $5.396 billion, CSG Advisors with $5.094 billion and Municipal Capital Markets Group with $4.996 billion.
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