Local Government Investment Pools
PFMAM has established itself as the premier manager of local government investment pool (LGIPs) around the country. In fact, we helped pioneer the development of statewide investment pools. The first grass roots LGIP, established in Pennsylvania in 1980 and still administered by PFMAM, now has more than 2,700 local government participants.
Today, PFMAM advises more LGIPs than any other firm in the U.S. We currently serve as the investment advisor and/or administrator to statewide local government investment pools around the country and to registered investment companies designed for public sector and other institutional investors.
LGIPs continue to turn to PFMAM for several reasons:
An enviable investment record
As a leading nationwide manager of public funds, PFMAM has built an unblemished record. For more than 25 years, we have successfully managed pooled funds with the objective of avoiding principal risk. No pool we manage has ever experienced a loss of value, nor any incidence of the need to infuse capital to maintain the value of investments.
A broad array of programs
PFMAM currently operates pool programs that range from fully liquid, daily variable-rate programs to fixed-rate, fixed-term investment programs. These programs have been developed in such a way that they can be easily adapted and implemented in new states.
A reputation for service
PFMAM offers LGIPs the tools and service that enable them to build membership. For example, PFMAM maintains a dedicated web site for each LGIP that provides access to account data, documents, marketing information and more. We also developed the EON (Easy Online Network) system, a propriety Web-based money management solution that enables pool participants to view their accounts, perform transactions, retrieve statements and more.
An individualized approach
Each LGIP comes to us with unique investment needs. In response, PFMAM develops customized offerings for each individual LGIP, tailoring the various aspects of the program to fit.