PMA Securities Ranked Top Ten in U.S. for Top Financial
Advisers (Competitive Deals), First Quarter of 2019
Naperville, Ill. – April 24, 2019 –The Public Finance Group of PMA Securities, LLC has been ranked 8th in the nation for “Top Financial Advisors: Competitive Deals, First Quarter of 2019,” by Thomson Reuters. The Public Finance Group completed bond issues in the aggregate amount of $470.8MM during this time period.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Growth Concerns Invert Yield Curve
On March 22, amid signs of weaker global growth, 10-year US Treasuries closed at a lower yield compared to 3-month Treasury Bills for the first time since 2007. This inversion of the Treasury curve continued the next four trading days. An inverted yield curve means investors think short-term rates will fall.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Manufacturing Still Matters
Growth declined at U.S. manufacturing firms in February. The ISM manufacturing index fell to 54.2 in February, a two-year low and below market expectations of 55.8. Four of the five primary components: orders, employment, production and deliveries, all declined.
by Laura Fox
Recent News
Regional Banks Agree to Merge
In February, U.S. regional lender BB&T Corp. agreed to buy SunTrust Banks Inc. for $28.2 billion in stock to create the sixth-largest U.S. retail bank. BB&T had $226 billion in assets at the end of 2018, while SunTrust had $216 billion.
by Laura Fox
PUBLIC FINANCE TRENDS
The Value of a Trusted Advisor – Part 2
This update is a continuation of our January issue which analyzed the value of a municipal advisor (FA) by comparing two similar transactions; one that used an FA and another that did not. In this month’s analysis, we look at two very different transactions, differences which also include the use of an FA.
by Laura Fox
Estancia Capital Partners and PMA Senior Management Complete Acquisition of PMA from Founding Family
Naperville, Ill. – April 4, 2019 –PMA, a premier full-service provider of comprehensive financial and advisory services to municipalities, school districts and other local government entities, announced on April 2, 2019 the completion of its acquisition by PMA’s senior management team in partnership with Estancia Capital Partners and select institutional co-investors.
by Laura Fox 