Public Advisory Consultants, Inc. was formed in Baltimore in February 1992 and is headquartered in Owings Mills, Maryland. The Firm is a full service, independent Maryland-based, registered municipal advisor. The Firm specializes in capital facility and financing plan development, credit analysis (rating agency criteria), debt issuance, debt analysis, and budget, capital plan, financial and management consulting services to state, local, and municipal governments, governmental agencies, colleges and universities and other tax exempt 501(3)(c) organizations. Firm members have over 30 years of government finance, budget, legislative, capital planning, rating agency, investment banking and financial advisory experience.
The experience of the staff is varied. In addition to having been investment bankers and financial advisors, some members of the firm worked directly for state and local government in the areas of budget, finance, capital planning, and at a rating agency. The staff has rated, structured, analyzed and or brought to market over $30 billion in securities. We have provided bond financing, analytical, financial and budgetary services to tax-exempt entities particularly in the mid-atlantic region whose budgets range in size from $100,000 to over $2.5 billion.
We approach each assignment from an affordability perspective, including evaluation of budgets, revenues, expenditures, and cash flow. We look at the feasibility of a project, considering its implications for the government, for the environment, and for market acceptance. Or approach leads to highly rated, low cost financings.
The strength of our practice and service is based upon an ability to look at the bigger picture and then to create options for our clients’ consideration; though our efforts begin with budget and debt, our recommendations range from financial structures, financing options, budget and cash flow to business development, operations and policies.
Each employment experience, each client served, educates us, allowing us to apply what we learned in our service to others. For instance, our rating agency experience affords us a perspective on their criteria, providing a foundation upon which to create innovative financing mechanisms and achieve a substantial number of rating upgrades and strong ratings for first time issuers. Further this experience coupled with an understanding of budget and the legislative process, provides sensitivity towards what it takes to maintain and improve upon the financial position of a client. For us assisting a client in maintaining and or achieving a solid financial position along with meeting their broader operational goals is most important. We encourage potential clients to talk to those we presently serve as they are our strongest supporters.
Wea??re a small firm that does big things. Our staff has the knowledge, expertise and desire to provide hands on service and insight that other firms need a large group of people for. Our success has been built upon being original, being creative, and being focused on the financial well being of the clients we serve.