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Bonds

PFM tops monetary advisors in Q1-Q3

EditorialBy EditorialOctober 31, 2025No Comments1 Min Read

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PFM was the highest underwriter for Q1-Q3, advising practically $70 billion in par.

Municipal Capital Markets Group and CSG Advisors have been new entrants to the highest 10, kicking Caine Mitter and Estrada Hinojosa into the highest 15.

Within the third quarter, PFM and HilltopSecurities suggested essentially the most offers, 172 every.

Masterson Advisors, which ranked No. 14 in Q3, was second, with 63 offers, adopted by Samco Capital Markets, ranked No. 10 within the quarter, with 61 offers.

The highest three monetary advisors have remained the identical over the previous a number of quarters: PFM in first, PRAG in second and HilltopSecurities in third.

Since 2024, PFM has suggested on $145.963 billion, adopted by PRAG with $61.023 billion and HilltopSecurities with $37.882 billion.

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