A.C. Advisory Joins Industry Leader PFM

Philadelphia, PA, October 4, 2016

The PFM Group announced today that PFM Financial Advisors LLC (PFM) will be joining forces with A.C. Advisory, Inc. (A.C. Advisory). This acquisition will allow the combined resources of the firms to provide extended financial advisory services to government and non-profit entities primarily in Illinois, New York and Connecticut. 

A.C. Advisory Founder Adela Cepeda will join PFM as a Managing Director. Ms. Cepeda has been a finance specialist since 1980, structuring and executing transactions in the capital markets for corporations and municipalities. As President of A.C. Advisory, she has guided the company to a leadership position in Illinois and New York. Ms. Cepeda is an honors graduate of Harvard College with a major in Economics and has an MBA from the University of Chicago School of Business. 

Additionally, two top executives serving the New York and Philadelphia regions will be joining PFM. 

“PFM is a firm that is full of highly experienced professionals that work tirelessly for their clients,” Adela Cepeda said. “This is the same foundation upon which A.C. Advisory was built, and I look forward to continuing that level of service combined with the talents and resources of PFM personnel in Chicago, New York and nationwide for our clients.” 

Since its inception in 1995, A.C. Advisory has completed in excess of $130 billion of municipal financings ranging from general obligations, revenue, transportation, education, water and sewer transactions for state, city and local level issuers. The Firm has advised on $15 billion of transportation financings, $10 billion of educational related bonds and over $100 billion of general municipal financings. 

“A.C. Advisory consistently ranks amongst the top financial advisors in the nation. This is in no small way due to Adela’s leadership and commitment to her clients and we look forward to her joining the leadership team of PFM.” said John H. Bonow, PFM Managing Director and CEO. “This acquisition enables us to bring an expanded range of financial services to a wider range of clients.” 

About the PFM Group
The PFM Group of companies are national leaders in providing independent financial advice, investment advisory services, and management and consulting services to local, state, and regional governments, non-profit, and other institutional clients. We are proud to help our clients meet their financial challenges with a broad array of products, backed by unquestioned professionalism and outstanding service. For more than 40 years, the PFM Group has believed that the client’s interests always come first. Service is our top priority in everything we do, and it is delivered in every relationship following our core principles of Independence, Initiative, and Integrity.
The PFM Group of companies currently employs more than 600 individuals, serving a broad base of clients from locations in every region of the country.
 

[1] Ipreo, 2016, in terms of par amount and number of transactions

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