David Reeser
Managing Director

Email:

reeserd@pfm.com

Business Specialty:

Asset Management

Office:

Harrisburg
One Keystone Plaza
Suite 300
Harrisburg, PA 17101
Phone: 717-232-2723
Fax: 717-233-6073

David Reeser joined PFM in 1996. He directs and manages PFM's Arbitrage Rebate Compliance Practice. As the Director of PFM's Arbitrage Rebate Compliance Practice, Mr. Reeser oversees the arbitrage rebate services provided to several hundred tax-exempt issuers.

Mr. Reeser also works closely with issuer bond counsels to provide analytical and technical services on a myriad of complex arbitrage compliance issues, including transferred proceeds, expenditure allocations, compliance with the universal cap, investment valuation, yield restriction, exception compliance, interest rate swap integration, and arbitrage yield computations.

Mr. Reeser has developed models, approaches, and methodologies to assist issuers in complying with the arbitrage rebate requirement. The analytical approaches he developed have enabled issuers to fully comply with the arbitrage requirements, while saving hundreds of thousands of dollars in the form of reduced rebate liabilities. Mr. Reeser also advises issuers on the investment of tax-exempt bond proceeds, particularly in circumstances requiring the analysis of complex arbitrage issues.

Mr. Reeser is a graduate of Swarthmore College where he earned a Bachelor of Arts degree in Economics He has also earned a Master's in Business Administration from Penn State University.

He holds Series 6 and Series 63 licenses from the National Association of Securities Dealers (NASD).