Members of the MFCI team are experienced financial professionals with specialized expertise in general purpose municipal financings. All team members are knowledgeable of Michigan public finance law and have extensive experience in public interaction and presentations.

The financial advisory team is led by Mr. John R. Axe, the Chairman, former President, and Founder of MFCI. Mr. Axe is responsible for the day-to-day activities of the team members to assure the timeliness of reports, coordinate work schedules and meetings with the clients, bond counsel, consultants, and other working group members, and has specific responsibilities for much of the team’s scope of services. He serves as primary contact between MFCI and our clients. Mr. Axe is located in our Detroit office and is accessible and able to commit to be immediately available.

Steven A. Burke, CFA, President, will provide analytical and quantitative support to the Client. He will be responsible for disclosure documentation and marketing support as well as analysis preparation for the Client. He will provide after sale analysis and support and will coordinate all closings and handle all post-sale filings with the State and Federal Government.

John R. AxeJohn R. Axe

John R. Axe is the founder, former President*, and current Chairman of MFCI. Upon graduation from Harvard Law School in 1963, Mr. Axe associated with a major Detroit law firm and became a partner in that firm in 1971. Mr. Axe and three other attorneys left the firm in January, 1981 to form their own law firm, the successor to which (Axe & Schwartz) was merged with Dykema Gossett effective October 1, 1985.

Prior to founding of MFCI in January, 1981, Mr. Axe served as financial consultant for more than 100 different issuers for more than 400 issues on the state, regional, and local levels of government in Michigan. Mr. Axe has served as lead financial consultant, on all municipal issues in which MFCI was involved from January, 1981 through December, 1991. Since the founding of MFCI, Mr. Axe has structured, marketed, closed, and delivered over 1,700 bond and note issues for its various clients and has worked closely with a variety of bond counsel.

In addition to his experience as practicing bond attorney and financial consultant in municipal issues, Mr. Axe is a co-author of Municipal Michigan Law, a two-volume work published in 1981 by the Institute of Continuing Legal Education for The University of Michigan. Mr. Axe has served on the Board of Directors of the National Association of Bond Lawyers (NABL) from 1987 to 1990 and has served on the Steering Committees for NABL’s Bond Attorneys’ Workshop for the years 1980, 1981, 1983, 1986, 1989 and 1990. In 1992, he was appointed as a member of the Permanent Adjunct Faculty of the Wayne State University Law School where he teaches public finance.

* Formerly the President until November 1, 2004 when he was appointed Chairman.

Steven A. Burke, CFA

Steven Burke, CFA joined our firm in 2017, as President. Mr. Burke has spent 10 years on the buy-side as an equity and fixed income analyst and portfolio manager. He is a graduate of Virginia Tech with a B.S. in Business- Finance. Mr. Burke is a Chartered Financial Analyst (CFA) Charterholder, demonstrating his commitment to upholding the highest degree accountability and ethical practice in finance.