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IPAIT Selects New Marketing Services Provider and Fixed-Term Automated Program Provider

Posted By IAMU, Tuesday, June 6, 2017

In partnership with the Iowa Association of Municipal Utilities (“IAMU”), the Board of Directors of the Iowa Public Agency Investment Trust (“IPAIT“) is pleased to announce it has selected PMA Securities Inc. as the Fund’s marketing services provider and the Fixed Term Automated (“FTA”) program provider (along with PMA Financial Network, Inc., an affiliate of PMA Securities, Inc., “PMA”), effective July 1, 2017.

PMA Securities, Inc., PMA Financial Network, Inc. and Prudent Man Advisors, Inc. (collectively “the PMA companies”) offer investment management, fixed income investment products and services, public finance/financial advisory services and financial planning, as well as comprehensive services for local government investment pool (“LGIP”) clients which include portfolio management, fund administration and marketing. The PMA companies have been leaders in providing financial services to public entities since 1984 and currently serve over 2,400 local governments in 11 states. PMA has had significant experience in all aspects of LGIP management and operations, including working for a total of ten LGIPs similar to IPAIT in varying capacities. The company has built a reputation as a reliable, professional financial organization offering unique products and services to its public sector clients.

PMA brings to IPAIT a team of experienced staff dedicated specifically to serving the FTA and marketing functions of the Fund.  Along with being a registered broker dealer capable of offering a full suite of Iowa State Statue compliant investment vehicles such as U.S. Treasury and Government Agency securities, PMA also brings its over 30+ years of financial institution relationship development experience. PMA has been working in tandem with other public entities in the state of Iowa for the last half-decade in cultivating relationships and programs with local banks and other financial institutions to bring the most competitive and innovative investment vehicles to its clients. Through its credit division, PMA augments the FTA program by providing a proprietary credit screening model that monitors each financial institution participating in the program, ensuring that the tenets of safety, liquidity, and yield are maintained.  PMA is excited for the opportunity to bring its unique set of relationships, expertise, experience and ingenuity to IAMU through its new partnership with IPAIT.

While a team of experienced PMA professionals will service the Fund, Paul Kruse, PMA Senior Vice President and Director- Iowa, will be the primary marketer and contact for Participants, including for fixed term investments. Paul will serve as the liaison between IPAIT and the Fund’s Participants. Some of you may be familiar with Paul, as he’s attended many conferences as the PMA representative and previously marketed the IPAIT program from 1992 to 2003.

In addition, PMA's affiliated company Forecast5 Analytics, Inc. (“Forecast5”) provides strategic software solutions to public clients to address budgetary and financial planning needs.  The focus of both the PMA and Forecast5 companies is to serve public entities. Forecast5 is transforming the way local governments use data to synchronize financial resources and strategic plans. Schools, cities and counties benefit from a unique analytics platform designed to accelerate insight. By combining powerful financial applications inside a next-generation collaboration platform, local governments can quickly identify efficiencies and capitalize on opportunities.

PMA and Forecast5 continue to expand their national footprint, servicing a combined 3,400 public entities in 24 states throughout the U.S. 

Since 1987, IPAIT has proudly served the investment needs of members of the League of Iowa Cities, Iowa Association of Counties and the Association of Municipal Utilities. Both the IPAIT Diversified fund and FTA program offer safe, competitive yielding investments to Participants. Through PMA, IPAIT Participants will continue to have access to safe, competitive yielding fixed term investments from PMA’s extensive network of statute compliant financial institutions.

Tags:  IPAIT 

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