Phoenix Advisors
Phoenix Advisors is a regional municipal advisory firm that serves over 700 government and school district issuers across five U.S. states with debt issuance, continuing disclosure compliance, capital planning, and redevelopment advisory services. Following a 2024 merger into First Security Municipal Advisors, it operates as the Northeast brand of a multi-brand national municipal advisory platform.
- Company typePrivate
- Founded2004
- HeadquartersBordentown, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Phoenix Advisors does
Phoenix Advisors is a regional municipal advisory firm founded in 2004 that advises U.S. state, county, and local government issuers on debt issuance, continuing disclosure compliance, capital planning, redevelopment (including PILOT structuring), and rating agency advocacy. The firm serves over 700 municipal, county, school district, authority, and improvement authority issuers across New Jersey, Connecticut, Georgia, Pennsylvania, and Utah, with a documented track record of 3,943 government transactions worth $47.2 billion and 900 school transactions worth $11.3 billion. Its proprietary technology stack centers on MIMI (Municipal Information Management Interface), an internal database used to manage client information and continuing disclosure workflows across 750+ issuers, supplemented by a "SMART Service" bundle that coordinates delivery of recurring financial management functions and a "Debt Caddie Service" that automates scheduled debt service payment reminders.
Phoenix Advisors generates revenue through professional service fees on two interlocking lines: (1) municipal advisory engagements covering debt issuance, refinancing analysis, capital planning, redevelopment advisory, budget forecasting, and CFO support; and (2) recurring post-issuance continuing disclosure services that monitor SEC Rule 15c2-12 obligations and file required disclosures on EMMA on behalf of 789 issuers as of September 2024. Pricing is quote-based and engagement-specific. Distribution is exclusively direct, delivered by field-based professionals who maintain close relationships with municipal finance officers and school business administrators, supplemented by participation in GFOA, Council of Small Towns, and Sustainable New Jersey networks. Following a merger into First Security Municipal Advisors, Inc. (FSMA) at the end of 2024, Phoenix now operates as a regional brand of a multi-brand national municipal advisory platform headquartered in Little Rock, Arkansas, with an affiliated First Security Disclosure division handling compliance services.
Phoenix Advisors firmographics
Firmographics- Name
- Phoenix Advisors
- Legal name
- Phoenix Advisors
- Website
- https://muniadvisors.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Phoenix Advisors is a regional municipal advisory firm that serves over 700 government and school district issuers across five U.S. states with debt issuance, continuing disclosure compliance, capital planning, and redevelopment advisory services. Following a 2024 merger into First Security Municipal Advisors, it operates as the Northeast brand of a multi-brand national municipal advisory platform.
- Ownership category
- akta.pro rank
Phoenix Advisors industry classification
Industry- Product category
- Municipal Advisory Services
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Debt Advisory & Financing Advisory (FSAEAGAD)
- akta.pro secondary industry
- Fee-Based Advisory (FSAEAAAM)
Keywords
Where Phoenix Advisors is headquartered
LocationHeadquarters
- HQ city
- Bordentown
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Phoenix Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Municipal Advisory Services: Phoenix Advisors provides comprehensive municipal advisory and financial consulting services to government entities, including debt issuance, continuing disclosure, budget management, redevelopment advisory, capital planning, and rating agency advocacy. Revenue is generated through professional service fees for advisory engagements.
- Continuing Disclosure Services: Post-issuance compliance services ensuring SEC-mandated secondary market disclosure compliance. Services include monitoring prior undertakings, preparing financial information and operating data for filing, meeting deadlines and filing information on EMMA, monitoring the market for potential disclosure events and providing comprehensive filing reports/records.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Phoenix Advisors product offering
Product offeringCore offering
Phoenix Advisors provides municipal advisory and continuing disclosure services to over 700 issuers across New Jersey, Connecticut, Georgia, Pennsylvania, and Utah. The firm assists state, county, and local governments, school and fire districts, and local, county, and state authorities with debt issuance, post-issuance SEC compliance, budget management, redevelopment advisory, capital planning, and rating agency advocacy. Services are delivered through direct, relationship-based field advisory engagements rather than through a technology platform or product.
Differentiator
Problem solved
Functional benefit
Brands
- First Security Disclosure: A division of First Security Municipal Advisors, Inc. providing continuing disclosure services including EMMA filings, compliance monitoring, and disclosure document management for municipal securities issuers.
Products and services
- Municipal Advisory Services Comprehensive municipal advisory and financial consulting services for government entities, including debt issuance (bonds, notes, leases), post-issuance compliance, budget management, redevelopment advisory, capital planning, and rating agency advocacy. Designed for state, county, and local governments, school and fire districts, and local, county, and state authorities.
- Continuing Disclosure Services Post-issuance compliance services ensuring SEC Rule 15c2-12 secondary market disclosure compliance for municipal securities issuers. Includes monitoring prior undertakings, preparing financial information and operating data for filing, meeting deadlines, filing information on EMMA, monitoring the market for potential disclosure events, and providing comprehensive filing reports and records.
- Debt Issuance Advisory Advisory services for the issuance of bonds, notes, leases, and other debt obligations by municipal issuers, including structuring, pricing, and execution support for new money and refunding transactions.
- Budget Management and Forecasting Budget forecasting, multi-year financial projections, debt service summaries, and CFO support services for government issuers managing ongoing fiscal operations.
- Redevelopment Advisory Redevelopment advisory services including PILOT (Payment in Lieu of Taxes) negotiations and structuring for municipalities and authorities undertaking economic redevelopment projects.
- Energy Savings Improvement Program (ESIP) Facilitation Financing facilitation for municipal Energy Savings Improvement Programs (ESIPs) that enable municipalities to fund energy efficiency upgrades without direct budgetary impact, in partnership with Sustainable New Jersey.
- Rating Agency Advocacy Rating agency presentations, credit advocacy, and credit strategy support to help municipal issuers achieve and maintain strong credit ratings.
- Capital and Debt Planning Capital and debt forecasting, multi-year capital planning, refinancing opportunity monitoring, and comprehensive debt management summaries for government issuers.
- Lease Financing Advisory Advisory and analytical support for municipal lease financings, led by the firm's lease financing practice head.
Quantifiable outcome
- 700+ municipal issuers served across 5 states
- +3 more outcomes
Companies that use Phoenix Advisors
Customer profileNamed customers35 records
Segments9 records
Ideal customer profiles4 records
Phoenix Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Phoenix Advisors partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- First Security Municipal Advisors, Inc. (FSMA)corePhoenix Advisors was merged into First Security Municipal Advisors, Inc. at the end of 2024. FSMA is a multi-brand Municipal Advisory firm headquartered in Little Rock, Arkansas, registered to do business as Phoenix Advisors in New Jersey and Connecticut. This merger provides operational integration and expanded service capabilities across the municipal advisory sector.
- First Security DisclosurecoreFirst Security Disclosure is a division of First Security Municipal Advisors, Inc. that provides comprehensive continuing disclosure compliance services. The division streamlines SEC Rule 15c2-12 compliance, posting required documents and filings on EMMA while providing clear presentations of adherence to disclosure obligations for municipal issuers.
- Sustainable New JerseyminorRobbi Acampora has worked with Sustainable New Jersey to promote renewable energy initiatives. The partnership focuses on Energy Savings Improvement Programs (ESIPs) that enable municipalities to achieve energy efficiencies without budgetary impact.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Phoenix Advisors competitors and assessment
Company assessmentDirect peers
- PFM Group (Public Financial Management): PFM is the largest independent financial advisory firm focused exclusively on the public sector, providing debt issuance, swap advisory, investment management, and continuing disclosure services to states, cities, and other public entities. It is the closest scaled, pure-play municipal advisory peer to Phoenix Advisors.
- Acacia Financial Group: Acacia is an independent municipal advisory firm providing debt issuance, continuing disclosure, swap advisory, and financial planning to state and local governments. It competes head-to-head with Phoenix in the mid-sized issuer segment across the Northeast and Mid-Atlantic.
- CSG Advisors: CSG Advisors is an independent registered municipal advisor serving cities, counties, school districts, and authorities with debt issuance, continuing disclosure, and other public-finance services. Like Phoenix, it is a focused mid-market municipal advisory firm.
- KNN Public Finance: KNN Public Finance is a national registered municipal advisor that provides debt issuance, financial planning, and continuing disclosure services to state and local governments, with deep coverage in the Western U.S. and growing presence in the Northeast.
- Ponder & Co. Ponder & Co. is an independent municipal advisor specializing in debt issuance, swap advisory, and post-issuance services for state and local governments. It is a comparable mid-sized pure-play advisor competing for similar school district and small-issuer mandates.
- Ehlers: Ehlers is a public-finance advisory and investment firm providing debt issuance, continuing disclosure, and financial planning to municipalities, school districts, and authorities primarily in the Midwest. It mirrors Phoenix's full-service municipal advisory model.
Broad incumbents
- Hilltop Securities: HilltopSecurities is a full-service broker-dealer and registered municipal advisor offering debt issuance, public finance, and continuing disclosure to state and local governments. It competes with Phoenix on larger, multi-state municipal mandates.
- Piper Sandler: Piper Sandler is a large diversified investment bank with a public finance group that underwrites and advises on municipal debt issuance. It is a broader incumbent that competes for larger and higher-profile municipal deals than Phoenix typically pursues.
- Stifel: Stifel is a large full-service broker-dealer with a public finance and municipal advisory practice serving state and local issuers. It is a broader, larger-scale competitor in the same municipal debt-issuance space.
- Robert W. Baird & Co. Baird is a large employee-owned investment bank with a public finance group that provides debt issuance and municipal advisory services. It is a broader incumbent in the municipal debt-issuance market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Phoenix Advisors social profiles
Digital presencePhoenix Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Phoenix Advisors leadership team
Management profileNumber of profiles
Profiles17 records
Phoenix Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Phoenix Advisors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Phoenix Advisors
What does Phoenix Advisors do?
Phoenix Advisors provides municipal advisory and continuing disclosure services to over 700 issuers across New Jersey, Connecticut, Georgia, Pennsylvania, and Utah. The firm assists state, county, and local governments, school and fire districts, and local, county, and state authorities with debt issuance, post-issuance SEC compliance, budget management, redevelopment advisory, capital planning, and rating agency advocacy. Services are delivered through direct, relationship-based field advisory engagements rather than through a technology platform or product.
Is Phoenix Advisors a public or private company?
Phoenix Advisors is a private company. It is classified as corporate owned and is currently operating.
When was Phoenix Advisors founded?
Phoenix Advisors was founded in 2004. It employs 1 to 10 people.
Where is Phoenix Advisors based?
Phoenix Advisors is headquartered in Bordentown, United States, in the North America region.
How does Phoenix Advisors make money?
Two revenue lines are on record. Municipal Advisory Services are the primary driver. The others are continuing Disclosure Services.
Who are Phoenix Advisors's main competitors?
Direct peers on record are PFM Group (Public Financial Management), Acacia Financial Group, CSG Advisors, KNN Public Finance, Ponder & Co. and Ehlers. Broad incumbents are Hilltop Securities, Piper Sandler, Stifel and Robert W. Baird & Co..
Does Phoenix Advisors have an API?
No public API is recorded for Phoenix Advisors.
What industry is Phoenix Advisors in?
Phoenix Advisors's product category is Municipal Advisory Services. Its primary akta.pro industry code is FSAEAGAD, Debt Advisory & Financing Advisory, with a secondary code of FSAEAAAM, Fee-Based Advisory. Its NAICS code is 523940 and its SIC code is 6282.