Welcome to PRAG

Public Resources Advisory Group (“PRAG”) is a leading independent financial advisory firm serving state and local governments and their agencies and authorities, not-for-profits and other entities that secure funding in the capital markets. PRAG is registered as a Municipal Advisor with the Municipal Securities Rulemaking Board and the U.S. Securities and Exchange Commission and is a Registered Investment Advisor.

PRAG, headquartered in New York City with offices in Los Angeles, Oakland, suburban Philadelphia and St. Petersburg, is owned and managed by its employees and does not engage in any form of underwriting, trading, marketing, or investing in securities. PRAG provides a national perspective. Our professionals are drawn from diverse backgrounds, including advisors, credit analysts, software developers, public finance investment bankers and issuers, and have a deep understanding of the unique challenges of our clients. The firm is known for our quantitative analysis capabilities, in-depth knowledge of municipal capital markets and understanding of municipal credit. Our success has been built on a history of high-quality independent advice, responsive service, commitment of experienced personnel and unblemished integrity.

According to The Bond Buyer, PRAG has been consistently ranked as one of the top three financial advisory firms in the nation, every year for the past two decades, having advised clients on municipal bond transactions totaling over $963 billion since our founding in 1985.