MARLTON, NJ—June 28, 2011— Acacia Financial Group, Inc., one of the nation’s largest and fastest growing public financial advisory firms, will open its first New York office, located at 7 Times Square in Manhattan, on July 1st. While the company has served substantial New York-based clients and maintained an office in nearby Montclair, New Jersey for several years, the new space marks the company’s official entry into the Empire State.
“We’re excited to announce this news; it has been a long time coming,” said Acacia Co-President Noreen P. White, who will be the company’s senior officer in Times Square. “We’ve contributed to a number of New York clients and projects over the years, and we’ve worked hard building a solid reputation and relationships with Wall Street institutions, law firms, media outlets, and public officials throughout the state. This paves the way for future opportunities for us to deliver our unique brand of financial advisory expertise and services to the public sector in one of the most important metropolitan areas in the world.”
Acacia, an independent, women-owned financial advisory firm, continues to leverage its success to pursue an aggressive growth and national expansion plan. This latest move gives the firm a dominant presence in the tri-state area, with seasoned, senior-level personnel in strategic outposts across the country. The New York office will be Acacia’s sixth, joining Montclair and Marlton (headquarters) in New Jersey; Chicago, Illinois; Columbus, Ohio; and Anchorage, Alaska. The Alaska office was established just last month with the hiring of two top professionals away from a peer firm.
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 ranked second in New Jersey and eleventh in the U.S., completing more than 90 long-term municipal bond transactions, with a par value exceeding $8 billion.
Joining White when the new space opens will be Acacia Vice President Rich Lopatin. Lopatin, a Manhattan resident, has been with the firm for eight years, splitting time between the two New Jersey locations. White says additional New York staffing will be driven by client work and opportunities, starting as early as the fall. The firm was recently selected by the New York Bridge Authority as its financial advisor, and it is also in the qualified pool of financial advisors for the New York Thruway Authority.
“We continue to find smart, low-risk, high-reward opportunities to expand our business, and we intend to seize them,” said White’s partner, Co-President Kim M. Whelan. “While it’s less than 100 miles from our corporate headquarters in South Jersey, we know having a presence in the heart of the U.S. financial capital will open new doors. And it makes a statement to the market, as well: Acacia Financial Group is truly a major player in the world of public finance.”
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 at the local, regional, and national levels.