NAPERVILLE, Ill., Dec. 5, 2019 /PRNewswire-PRWeb/ -- PMA Financial Network, LLC, PMA Securities, LLC and Prudent Man Advisors, LLC ("PMA") are pleased to announce that as of December 2, 2019, by a vote of the Board of Trustees of the Nebraska Public Agency Investment Trust (NPAIT), the PMA team is now serving as the Administrator and Investment Advisor, in addition to Marketer (effective November 1st), of the NPAIT program. "We are excited to expand our services into the state of Nebraska and believe that our new relationship will result in exciting growth that will benefit communities across Nebraska," said Jim Davis, CEO.
PMA has been a leader in providing financial services to public entities since 1984 and currently serves over 2,500 local governments in 12 states. PMA has built a reputation as a trusted financial organization. NPAIT Participants will benefit by being able to take advantage of the products and services offered to PMA's public sector clients.
Many of the PMA team members have extensive experience both in and with public entities, and they are ready to meet the needs of Nebraska public entities, associations and sponsors. While a number of PMA professionals will service NPAIT from a Nebraska office, Paul Kruse, PMA Senior Vice President, will be the initial contact for program, along with Dan Zomermaand, PMA Marketing Consultant. "We are grateful for the confidence the Board of Trustees has placed in our PMA team, and we look forward to sharing new products and services to the Participants of the NPAIT program," said Paul Kruse. "We are excited to make a difference for Nebraska communities."
With the addition of NPAIT, PMA now serves a total of 13 LGIPs, providing one or more of the following:
- Fund Administration
- Investment Advisor
- Marketing/Program Support
- Fixed Term Program
- Other program services: cash flow planning, bond proceeds management
Collectively, the PMA companies are now working with over $28.6 billion total investment assets under administration*.
*As of October 31, 2019. Total assets under administration include both money market pool assets for which the PMA companies serve as fund administrator/accountant, marketer/distributer, fixed income program provider (brokerage services), and/or investment advisory, or separate institutional accounts.
The Nebraska Public Agency Investment Trust (NPAIT) is a complete financial management resource available to Nebraska local governments. Designed and governed by Nebraska public entities, NPAIT participants include a wide range of public agencies throughout the state. The NPAIT Board of Trustees is comprised of thirteen members representing Nebraska public entities and associations. Allowable under Nebraska statute and with the public at the forefront, NPAIT meets the needs of our communities.
About The PMA Companies
PMA Financial Network has been a leading provider of financial services since 1984 and the PMA companies currently serve over 2,500 school districts and other public entities in 12 states. PMA has built a reputation as a reliable, professional financial organization offering unique products and services tailored for public sector clients. Public entities turn to PMA as a trusted partner and integral component of their long-term financial success.
PMA Financial Network, LLC, PMA Securities, LLC and Prudent Man Advisors, LLC (the PMA companies) are under common ownership. Prudent Man Advisors, LLC, an SEC registered investment adviser, provides investment advisory services to local government investment pools and separate accounts. Securities, public finance services and institutional brokerage services are offered through PMA Securities, LLC. PMA Securities, LLC is a broker-dealer and municipal advisor registered with the SEC and MSRB, and is a member of FINRA and SIPC. All other products and services are provided by PMA Financial Network, LLC. Additional information is available at http://www.pmanetwork.com.
SOURCE PMA Financial Network