PMA Adds Nebraska NPAIT LGIP
A press release entitled, "PMA Expands LGIP Services into Nebraska," tells us, "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.... 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." CEO Jim Davis comments, "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." The release continues, "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." Kruse adds, "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.... We are excited to make a difference for Nebraska communities." PMA also writes, "With the addition of NPAIT, PMA now serves a total of 13 LGIPs.... Collectively, the PMA companies are now working with over $28.6 billion total investment assets under administration."
