Acacia Financial Group Accelerates National Expansion with the Addition of Two Senior-Level Advisors; New Jersey-based firm bolsters Chicago presence and acquires Alaska office
MARLTON, NJ—May 17, 2011— Acacia Financial Group, Inc., one of the nation’s largest and fastest growing public financial advisory firms, has added a two senior financial advisors formerly with the Chicago-based firm Scott Balice. Phoebe Selden and Debbie Schnebel have elected to join Acacia, effective immediately, departing the company they helped build into a major player over the past decade.
Acacia, an independent, women-owned financial advisory firm, adds a pair of seasoned and respected female professionals to an executive team led by co-presidents Kim M. Whelan and Noreen P. White.
“We’re thrilled to welcome these accomplished women who both recognize and respect the unique culture we’re building here at Acacia,” said Whelan. “Each one combines top technical proficiency with their own proven, personable way with clients, making them a perfect fit with how we conduct business. So in one strategic move, we significantly strengthen our leadership team and expand our national presence, enhancing our Midwest operations and establishing a post to help us serve and grow throughout the western United States.”
After heading Scott Balice’s transportation group, Selden brings her expertise with airports, large municipalities, water/wastewater, and P3 (public-private partnerships) projects to Acacia. As senior vice president, Selden will operate out of Acacia’s Chicago office. She gives her new firm an impressive, “one-two punch” in Chicago, joining Courtney Shea, also senior vice president, who was recruited by Acacia in 2009.
Schnebel previously ran the Anchorage office and energy initiative at Scott Balice. Her extensive résumé spans more than 30 years in the public and private sectors, as a public finance banker and attorney. As senior vice president, she will lead Acacia’s new western office in Anchorage, Alaska, continuing to focus on the energy sector, including renewable energy, as well as transportation and project finance.
“This was an ideal opportunity for us to accelerate our strategic growth plan, with no risk and tremendous upside,” said White. “Both women were instrumental in their former company’s success, and they’ve shown an eagerness to bring their valuable skills, relationships, and drive to our growing family. There are plenty of firms in our business who would want to add professionals of this caliber to their staff, and we feel proud and fortunate to be the destination they’ve chosen.”
Acacia’s professionals have served as financial advisor on over $60 billion of taxable and tax-exempt financings over the past decade. In the past year, the firm has completed more than 90 long-term municipal bond transactions, with a par value exceeding $8 billion, ranking Acacia second in New Jersey and eleventh in the U.S.
With the addition of the Alaska office, Acacia now has locations in Marlton, New Jersey (headquarters); Montclair, New Jersey; Columbus, Ohio; Chicago, Illinois; and Anchorage, Alaska, with additional offices planned for later this year.
About Acacia Financial Group, Inc.
Acacia is an independent Financial Advisor exclusively dedicated to the needs of government entities. Headquartered in Marlton, NJ, the firm helps vital public initiatives succeed by effectively raising money to fund significant community projects—construction of schools and hospitals, roadway and utility improvements, waste solutions, and innovative green initiatives. The company was formed by professionals who share deep industry knowledge and experience, as well as a bold vision for infusing a human touch into the arena of public finance. This approach ensures senior-level analysis and advice, providing clients with exceptional strategic and quantitative insight, along with compassion and respect for policy concerns unique to the public sector. On the strength of its unique brand of savvy, thoughtful financial guidance, Acacia continues to grow and earn recognition on local, regional, and national levels.