PFM Group Moving Corporate Headquarters to Accomodate Growth

The PFM Group of companies, one of the nation's leading providers of independent financial and investment advisory services to state and local governments and various types of institutions, is moving its Center City Philadelphia corporate headquarters to a larger, nearby space that will accommodate the company’s continuing growth.

The move from Two Logan Square at 18th & Arch Streets to the BNY Mellon Center at 1735 Market Street - less than two blocks away - will give the PFM Group both larger and better configured office space and allow for more working groups to be in open space close to their colleagues, enabling seamless collaboration on client work. “We defined our needs to include space in Center City with a preference for two contiguous floors and an opportunity for a more open, brighter environment that would allow for better staff interaction and collaboration,” said PFM Group CEO John Bonow. ”But the initial motivating force for the move was our client-driven growth. We simply need more space than our current location can readily accommodate. We have been extremely happy and successful in Center City for a long time. ”The PFM Group office space, which will occupy the 42nd and 43rd floors at the BNY Mellon Center, has been entirely redesigned and renovated to meet the group’s specific needs.

The PFM Group’s story is one of growth, beginning in 1975 with five employees. Today, the PFM Group has over 600 employees serving a broad base of clients in 38 locations nationwide. The PFM Group’s asset management company, PFM Asset Management LLC (PFMAM), more than doubled its funds under management in the past decade, growing from $27 billion in 2006 to $65 billion as of March 31, 2016. During the same period, Public Financial Management, Inc., the group’s registered municipal advisory business, advised on $526 billion in debt as part of more than 8,700 transactions (as reported by Thomson Reuters).

For over forty years, the PFM Group of companies has established itself as an industry leader in the national public financial consulting market. Public Financial Management, Inc., has been the top-ranked municipal advisory firm in the nation for the past eighteen years according to Thomson Reuters, for both number of transactions and total dollar amount. PFM is well-respected for providing institutional clients with independent advisory services free of conflicts in their dealings with the capital markets, and also provides best practices management and budget consulting services to municipalities, counties and states. PFMAM is an investment advisor registered with the SEC under the Investment Advisers Act of 1940. A copy of PFMAM’s Form ADV, Parts 2A & B is available upon request. PFM is a registered municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010.

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