Western Financial Group Joins the PFM Group

Portland, Oregon September 22, 2016

The PFM Group, the nation's leading provider of independent financial and investment advisory services to state and local governments and non-profit entities, announced today that PFM Financial Advisors LLC (PFM) has purchased Western Financial Group, LLC (WFG), one of Oregon’s most respected independent financial advisory firms, and hired all of its members. This transaction will allow the combined resources of the firms to provide extended financial advisory services to government and non-profit entities throughout the western United States from Alaska to New Mexico. 

Pat ClancyMark GardinerKieu-Oanh Nguyen and Chip Pierce will join The PFM Group as Directors. The team will continue to be based in Oregon. 

In business for more than 20 years with the same dedicated group of partners, WFG has clients in five western states and serves a range of financial advisory and strategic planning clients. All of WFG’s principals were members of PFM prior to forming their firm and they understand the intense dedication both firms have to knowing and serving clients.

“PFM is a firm that has always recognized the value of independent advice and has fostered the highest levels of integrity,” Pat Clancy said. “That is the same foundation upon which our firm was built, and we believe that the combination of the talents and resources of our group with the PFM personnel in the region and nationwide will put us in the strongest position to serve and grow our client base together.”

“We are absolutely delighted to have trusted professionals with such a well-respected reputation in public finance bring their expertise to PFM,” said John Bonow, PFM Managing Director and CEO. “As former colleagues, we know each other well and share much of the same advisory DNA that helps us focus on developing solutions to our clients’ challenges. They have proven over many years that they share our culture of providing independent advice with the highest ethical standards and delivering outstanding customer service to their clients,” he noted. “This collaboration reaffirms PFM’s continued commitment to having the best resources to serve clients in every region of the country and in every sector; it also enables us to bring an expanded range of financial services to the clients who will value them.”

For four decades, the PFM Group has built a solid presence in the municipal marketplace. PFM is the top-ranked municipal advisor in the nation for both number of transactions and total dollar amount. The firm is well-respected for providing local, state, and regional government and non-profit clients with independent advisory services free of conflicts in their dealings with the capital markets. The PFM Group also provides municipal advisory best practices management and budget consulting services, including workforce negotiations, to municipalities, counties and states – these services in the western United States will be enhanced by the experience and expertise of members of WFG.

PFM is a registered municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010. 

In addition, PFM Asset Management LLC (PFMAM), another member of the PFM Group of companies, is registered with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940 and manages money market, fixed income and multi asset class portfolios. For over 35 years, PFMAM’s professionals have specialized in providing fixed income portfolio management for separate accounts, emphasizing a conservative, low-risk and disciplined approach to research and portfolio construction. PFMAM provides independent and objective advice to institutional clients on investment consulting and asset management services, as well as strategic consulting and advice on plan benefits for Public and ERISA Pensions, OPEB Trusts, Endowments and Foundations, and Insurance Trusts.

The PFM Group of companies currently employs more than 600 professionals serving a broad base of clients from locations in every region of the country.

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