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Rankings

Top muni bond financial advisors of Q1 2020

By Aaron Weitzman
April 7, 2020 6:23 PM

Financial advisors in the municipal bond market accumulated $74.48 billion, up from the $65.03 billion in the first three months of 2019. The top four places remained the same but the rest of the top 10 all saw big changes.

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PFM extends lead

Public Financial Mangement increased its lead year-over-year with $15.19 billion and a 20.4% market share versus $13.63 billion and 21% share of the market.

PRAG remains in second

Public Resources Advisory Group was still in second despite seeing a decrease in par amount and market share. The firm accounted for $8.79 billion and 11.8% share of market, compared to $9.19 billion and 14.1%.

Hilltop stays steady

Hilltop Securities accounted for $4.93 billion and a market share of 6.6%, versus $5.02 billion and 7.7%.

Acacia unchanged in rankings

Acacia Financial Group Inc., finished the quarter with $4.22 billion and 5.7% share of the market, both increases from $2.22 billion and 3.4%.

Estrada Hinojosa jumps way up

Estrada Hinojosa & Company Inc., moved up nine spots to fifth with $3.74 billion and a market share of 5%.

Rest of the best

Swap Financial Group LLC moved up six spots to sixth place with $2.68 billion; Kaufman Hall & Associates Inc., improved four spots with $2.17 billion; RBC Capital Markets moved up one place with $1.57 billion; Municipal Capital Markets Group Inc., was outside the top 30 a year ago and this year found itself in ninth place with $1.48 billion; Ponder & Co., was not inside the top 20 last year but rounds out the top ten so far in 2020 with $1.48 billion.
Aaron Weitzman
Markets Reporter , The Bond Buyer
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