Year in year out the numbers change but the story remains the same for Public Financial Management Inc. The Philadelphia-based firm was ranked the number one public financial adviser for every year since 1989, and in recent years their dominance has only been growing.
In 2000, PFM advised on 524 issues totaling $17.9 billion, taking a 9.2% market share. By 2009 the dollar volume of transactions had nearly tripled as the firm pulled off a record year advising on 829 deals valued at $51.5 billion, 20% more than in 2008. That gave them a 16.4% market share, a record high well above the 10.1% average for the decade, according to data from Thomson Reuters.