ANN ARBOR, Mich., Aug. 3, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Public Financial Management, Inc., the nation's leading provider of independent financial and investment advisory services to state and local governments and non-profit entities, announced today that it will be joining forces with Stauder, Barch & Associates, Michigan's oldest independent financial advisory firm, by purchasing the assets of the firm. This acquisition will allow the combined resources of the firms to provide extended financial advisory services to government and non-profit entities in the state of Michigan, as the combined group of Michigan-based professionals represents over 170 years of experience in a broad spectrum of public finance.
Stauder Barch Founder and President Richard Barch will join PFM in an advisory capacity. Paul Stauder will join PFM as a Managing Director, Robert Naughton will become a Director, and several other experienced Stauder Barch staff will also join PFM. The new group will continue to be based in Ann Arbor.
As one of the Stauder, Barch & Associates founders in 1968, Mr. Barch has been involved in every type of municipal security issued in the State of Michigan, both through public and negotiated sales. Stauder Barch has assisted in the financing of over $69 billion dollars in diversified projects, representing more than 5,400 public projects in the state of Michigan.
"PFM is a firm that has always recognized the value of independent advice and has fostered the highest levels of integrity," Dick Barch 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 Ann Arbor and nationwide will put us in the strongest position to serve and grow our client base together."
Paul Stauder joined Stauder, Barch & Associates in 1977 and has advised on projects representing virtually all types of public financings possible to Michigan municipalities. He has assisted in the development and implementation of hundreds of revenue support systems and related repayment programs for municipalities and authorities throughout Michigan, and his activities frequently involve interaction with federal and state agencies and programs. Mr. Stauder also serves as one of the financial advisors to the Michigan Finance Authority.
Robert J. Naughton began his career in municipal finance in 1991. He advises on new and refinancing bond issues, compiling and analyzing various debt structures and has assisted in over 2,500 Michigan municipal bond and note issuances.
"We are absolutely delighted to have trusted professionals with such a well-respected reputation in Michigan bring their knowledge base and trusted client relationships to PFM," said John H. Bonow, PFM Managing Director and CEO. "They are a natural partner for us, as 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 acquisition reaffirms PFM's continued commitment to strategic growth in Michigan and throughout the region, and enables us to bring an expanded range of financial services to a wider range of clients."
"It not only enhances PFM in the Michigan marketplace, but also strengthens our client service and value-added service capabilities throughout the region," explained PFM Managing Director Kari Blanchett, who heads up PFM's financial advisory practice in Michigan.
"We share a mutual commitment to high quality service," Paul Stauder continued, "and my colleagues and I look forward to our work as members of the PFM team."
For four decades, the PFM Group has built a solid presence in the municipal marketplace. The PFM Group of companies includes Public Financial Management, Inc., the top-ranked municipal advisory firm in the nation for the past seventeen years according to Thomson Reuters, for both number of transactions and total dollar amount, advising on almost $750 billion in total debt in almost 15,000 separate transactions during that period. The firm is well-respected for providing clients with independent advisory services free of conflicts in their dealings with the capital markets to a broad base of local, state, and regional government and non-profit clients throughout the United States. PFM also provides municipal advisory best practices management and budget consulting services to municipalities, counties and states.
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, 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 34 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 525 professionals serving a broad base of clients from locations in every region of the country.
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