PMA’s Advisor provides investment advisory services to LGIPs for cash, ultra short and fixed-term pools. As experienced fiduciaries focused on managing governmental portfolios, our philosophy has consistently emphasized the safety of principal, provision of suitable liquidity and the generation of yield – in that order of importance. Within that framework, PMA advisory team seeks to preserve its clients’ principal and maximize the interest income through disciplined bottom-up security selection and strong risk controls. Our investment process is grounded in the philosophy that the role of fixed income is to control and manage risk. As a result, risk controls are woven throughout our credit research and portfolio management processes.