About Wulff, Hansen & Co.

Firm Overview

Wulff, Hansen & Co. is a full service public finance and investment management firm, one of the oldest in California. Our Public Finance Group provides municipal advisory, private placement, and underwriting services to public entities, non-profit organizations, and private enterprise. We are also a registered investment advisor offering fee-based portfolio management through our Wulff Capital Management division.

Our Public Finance Group is very active in the California municipal bond market, helping cities, counties, and a wide variety of public agencies with their financing and advisory needs. Many of our new issues come from smaller communities which, while not household names like San Francisco or Los Angeles, issue bonds supporting vital community projects in the heartland of California.


Wulff, Hansen & Co. was founded in 1931 by an economist (Franklin Wulff) and a mathematician (William Hansen) who worked as securities analysts for what was then San Francisco's dominant financial institution, the Bank of America.

When they founded Wulff, Hansen & Co., America's markets were mired in gloom, doom, and depression. These two men believed that the collapse in economic activity, which began with the Crash of 1929, had gone too far. They believed in America and in California, and were convinced that the fundamental strengths of this country and the Golden State would eventually bring an industrial recovery and create tremendous opportunities for expansion and development. Their vision was correct, and we worked with California's municipalities through all the following decades. The State's nearly constant economic growth and incredible population explosion drove the need for constant improvements in infrastructure, and we are proud to have played our part in financing the streets, sewers, and water systems vital to California's long expansion. By continuing this tradition of providing in-depth advice and an uncommon level of personalized service, the firm has prospered for more than three-quarters of a century.

Today, the company remains employee-owned and our staff steadfastly pursues the vision and optimism on which the firm was founded while strictly adhering to the old-fashioned values which have served both our clients and ourselves for all these years.