Top Q3 muni financial advisors

Following suit with the issuers and underwriters, top muni financial advisors were outpacing business done to this point last year with $224.84 billion, up from $206.93 billion. The first three spots in the rankings remained the same for the big players, as the rest of the field saw a bevy of changes.

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PFM pushes further ahead
Public Financial Management Financial Advisors improved its par amount and market share to $43.25 billion and 19.3% from $34.70 billion and 16.8% from the first nine months of 2018.
PRAG slows pace
Public Resources Advisory Group lost ground from a year ago to $24.98 billion, or 11.1% market share. from $27.21 billion and 13.2% market share.
Hilltop hovers
Hilltop securities was stagnant in terms of ranking but gained in market share and par amount. The firm accounted for $20.84 billion and 9.3% market share, compared to $17.62 billion and 8.5% share to this point last year.
Ponder pushes higher
Ponder and Co. moved up three places to $5.44 billion from $4.97 billion.
Piper pulls up
Piper Jaffray also moved up three spaces with $5.22 billion from $3.88 billion.
Remaining rankings
Acacia Financial group was next with $5.024 billion, followed by Kaufman Hall and Associates with $4.71 billion, KNN Public Finance followed with $4.33 billion, Frasca and Associates with $4.18 billion and CSG Advisors Inc. with $3.44 billion.
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