Specialized Public Finance Inc.
Our status as an independent municipal advisor was a deliberate choice made when founding the firm in 2008. We are 100% owned by our partners, and as such, provide advice free from commercial or investment banking affiliations. We focus exclusively on providing municipal advisory services free from conflicts. All our advisors are experts in their fields and have a great deal of experience in executing municipal transactions. SPFI maintains a full-service advisory approach, managing the entire process from start to finish. SPFI does not have product driven solutions, we learn about the strengths and challenges unique to each client to develop a tailored solution for the specific engagement.
With objectivity, we advise our clients on the most suitable and cost-effective methods to finance capital improvements.
⦁ Understanding the issuer’s short- and long-term objectives
⦁ Develop and financial model capital improvement plans
⦁ Development/Review of the financial policies
⦁ Debt capacity and affordability study
⦁ Debt Modeling and impact analysis
⦁ Analyzing debt refunding and defeasance potential
⦁ Evaluation of various financing alternatives
⦁ Update the issuer on market conditions
⦁ Once the election is called, assist the issuer with community outreach
⦁ Assist with public hearings and informational brochures
⦁ Develop timeline and assist with assembling financing team
⦁ Coordinate meetings with the issuer
⦁ Preparation of the bond offering document
⦁ Document review and comment
⦁ Coordinate meetings/calls with rating agencies
⦁ Manage competitive or negotiated transactions
⦁ Update capital improvement program models
⦁ Prepare continuing disclosure reports
⦁ Provide clients with current bond market conditions, trends and transactions
⦁ Rating surveillance
⦁ Monitor refunding opportunities
⦁ Keep the issuer informed of new regulations and economic matters
⦁ Evaluate underwriter ideas
Specialized Public Finance Inc.
SPFI is 100% owned by the Partners, and as such, provides advice free from commercial or investment banking affiliations to our over 400 clients. All of SPFI’s advisors are experts in their fields and have extensive experience in executing municipal transactions. We have the ability to quickly and accurately model debt structures using the most up-to-date data gained from our extensive primary market involvement. SPFI does not have product driven solutions, we learn about the strengths and challenges unique to each client to develop a tailored solution for each specific engagement. With objectivity, we advise our clients on the most suitable and cost-effective methods to finance capital improvements.
Water Supply Districts
In our first ten years of business we served as financial advisor:
We are in the bond market, on average, 3 times per work week over the course of a year, giving us a pulse on the everchanging bond market We are in the bond market, on average, 3 times per work week over the course of a year, giving us a pulse on the everchanging bond market On more than xxx transactions On a total par amount exceeding $10 billion.
Our Approach to Advisory Services
Listen to the client
⦁ SPFI emphasizes the quality of advice and the relationships built, not the quantity of clients.
⦁ SPFI maintains an ongoing, working relationship with our clients, and is available at any time – not just during bond financings.
⦁ No advice is valid without understanding the needs of the client.
Model for the Future
⦁ SPFI analyzes the impact of different debt structuring and growth scenarios to provide a comprehensive, long-term solution. SPFI’s approach is to financial modeling ensures the current financing does not impede future growth.
Provide honest, expert and independent advice
⦁ SPFI is comprised of industry experts who elected to serve as independent voices to our clients.
⦁ SPFI provides financial advice that is conservative, explainable and developed to assist clients both now and for the long-term.
⦁ SPFI was formed to provide independent advice and remains free from the pressures of broker/dealers and is not burdened by revenue targets or cross-selling mandates.
SPFI is dedicated to working with issuers and professionals throughout the industry who see value in lasting relationships built on trust, performance and integrity.