What Integrity Public Finance Consulting does

Integrity Public Finance Consulting is a U.S. professional services firm that advises state and local government issuers, healthcare systems, higher education institutions, transportation authorities, and municipal venue operators on IRS arbitrage rebate and yield restriction compliance for tax-exempt bonds. Founded in 2006 in Jacksonville, Florida, by former Ernst & Young Executive Director Laurie Scott, the firm operates as a subsidiary of national public finance law firm Bryant Miller Olive P.A., giving clients bundled access to arbitrage calculation expertise and bond tax counsel under one engagement. The team of seven includes two staff consultants, two managers, two tax attorneys (one of whom authored the 1979 final arbitrage bond regulations), and the CEO, and has cumulatively completed more than 5,000 rebate calculations for over 300 clients in 35 states.

The firm's service portfolio spans the full arbitrage compliance lifecycle: arbitrage rebate computations under Section 148 of the Internal Revenue Code, yield restriction and yield reduction payment analysis, spending exception analysis, commingled fund allocation, calculation date monitoring, ongoing compliance confirmation, verification services for refunding transactions, debt and investment cashflow review, post-issuance compliance procedure development, IRS audit support, and overpayment refund submissions. Underlying technology consists of proprietary calculation methodologies and a multi-tier review process designed to ensure accuracy of rebate and yield computations, with no software product or platform disclosed. Distribution is direct B2B consulting, with new engagements sourced through a 'Request a Free Quote' web form, professional referrals, and the team's speaking presence at National Association of Bond Lawyers and Government Finance Officers Association events.

Revenue is generated entirely through professional services fees billed on a per-engagement basis; pricing is not publicly disclosed. There are no outside funding rounds, no acquisitions, no software product, and no public-company comparables, and the firm is privately held under the Bryant Miller Olive P.A. umbrella. Customer concentration is low, with a fragmented book of 300+ issuers across multiple verticals and no named anchor customer. Growth indicators are modest: two staff hires in the past 2.5 years, a steady 18-year operating history, and no disclosed geographic or product expansion beyond the existing 35-state footprint.

Name

Integrity Public Finance Consulting

Legal name

Integrity Public Finance Consulting LLC

Website

https://integritypfc.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Integrity Public Finance Consulting provides arbitrage rebate and tax-exempt bond compliance consulting to government issuers, healthcare institutions, and universities across the United States. Founded in 2006 as a subsidiary of Bryant Miller Olive P.A., the firm has completed 5,000+ calculations for 300+ clients in 35 states.

Ownership category

akta.pro rank

Product category

Municipal Bond Arbitrage Compliance Consulting

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Finance Services (6199)

akta.pro primary industry

Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

akta.pro secondary industry

Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

• Arbitrage compliance consulting
• Tax-exempt bond services
• Municipal bond rebate calculations
• Yield restriction analysis
• Post-issuance compliance

Headquarters

HQ city

Jacksonville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Compliance Consulting Services: Professional consulting fees for arbitrage rebate calculations, yield restriction analysis, verification services, and post-issuance compliance procedures for tax-exempt bond issuers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Integrity Public Finance Consulting provides professional consulting services for tax-exempt bond issuers, including arbitrage rebate calculations under Section 148 of the Internal Revenue Code, yield restriction and yield reduction payment analysis, spending exception analysis, and post-issuance compliance procedures. The firm delivers these services to state and local government entities, healthcare and higher education institutions, and other municipal bond issuers, helping them maintain IRS compliance and minimize rebate payments to the federal government.

Product overview

Integrity Public Finance Consulting is a consulting services firm (not a software product company) that offers a unified suite of arbitrage and yield restriction compliance services for tax-exempt bond issuers. The firm's core service portfolio includes: Arbitrage Rebate Calculations, Yield Restriction and Yield Reduction Payment Analysis, Spending Exception Analysis, Calculation Date Monitoring, Ongoing Compliance Monitoring, Commingled Fund Analysis/Allocation Services, Overpayment Refund Submissions, IRS Audit Assistance, Post-Issuance Compliance Procedures, Verification Services, Review of Debt Terms and Components, Review of Investment Cashflow, and Recordkeeping Recommendations. These services are delivered by a team of experts and are designed to help clients maintain compliance with IRS rules and regulations while maximizing earnings retained by minimizing rebate payments.

Differentiator

Problem solved

Functional benefit

Products and services

• Arbitrage Rebate Calculations
• Yield Restriction and Yield Reduction Payment Analysis
• Spending Exception Analysis
• Calculation Date Monitoring
• Ongoing Compliance Monitoring
• Commingled Fund Analysis and Allocation Services
• Overpayment Refund Submissions
• IRS Audit Assistance
• Post-Issuance Compliance Procedures
• Verification Services
• Review of Debt Terms and Components
• Review of Investment Cashflow and Investment Yield Computation
• Recordkeeping Recommendations

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Bryant Miller Olive P.A.coreStrategic or Co-development Partner · 1 January 2006Integrity Public Finance Consulting operates as a subsidiary of Bryant Miller Olive P.A., a national law firm specializing in public finance. The partnership provides clients access to mutual tax and legal expertise through the Integrity and Bryant Miller Olive team. Bryant Miller Olive serves as a ready source of supplemental legal advice on tax matters, complementing Integrity's compliance calculations. The firm is available to assist with audits, closing agreements, and other IRS issues.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• BLX Group LLC: BLX Group is one of the longest-standing specialized arbitrage rebate and post-issuance compliance firms serving tax-exempt bond issuers, with a service portfolio that directly overlaps Integrity's arbitrage calculations, yield restriction analysis, and IRS audit support offerings.

Broad incumbents

• PFM Group: PFM is a large, diversified municipal advisory and financial consulting firm whose public finance practice includes arbitrage rebate and post-issuance compliance services alongside a much broader portfolio of advisory and investment offerings to government issuers.
• Kutak Rock LLP: Kutak Rock is a national public finance law firm with significant bond counsel practice and tax compliance capabilities for tax-exempt issuers, providing overlapping tax-arbitrage and bond counsel services comparable to those offered through the Bryant Miller Olive relationship.
• Orrick Herrington & Sutcliffe LLP: Orrick has a substantial public finance practice advising state and local issuers on tax-exempt bond transactions and related tax compliance, including arbitrage matters, competing with Integrity's integrated tax and legal service bundle.
• Hawkins Delafield & Wood LLP: Hawkins is one of the largest dedicated public finance law firms in the U.S., representing issuers, underwriters, and trustees on tax-exempt bond transactions with overlapping tax compliance and arbitrage advisory capabilities.
• Ice Miller LLP: Ice Miller has a public finance and municipal securities practice that serves state and local issuers on bond transactions and related tax compliance, comparable in scope to the integrated tax and legal offerings available through Integrity and BMO.

Regional players

• CSG Advisors: CSG Advisors is a municipal advisory firm focused on serving state and local government issuers with bond advisory and related compliance services, representing a comparable but more regionally focused alternative to Integrity's national practice.
• KNN Public Finance: KNN Public Finance is a municipal advisory firm that supports public agency clients with bond issuance and post-issuance compliance, serving comparable government issuer clients though typically with a more regional footprint than Integrity's 35-state reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/integrity-public-finance-consulting

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Integrity Public Finance Consulting