INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
U.S. Economy Still Chugging Along
U.S. GDP growth remains solid with a reported 3.5% annualized growth rate during Q318 following a strong Q218 pace of 4.2%. Consumer spending and higher inventory levels contributed a substantial boost while lower net exports detracted from growth. Tax cuts continue to stimulate economic activity although we expect the impact to fade in upcoming quarters.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Will U.S. Stocks Continue to Rally?
U.S. stocks rallied in the 3rd quarter on strong growth and continued optimism. Meanwhile, U.S. stock market valuations (the price / earnings ratio) have been on the rise since April. This contrasts to other major markets in Europe and Asia where growth has been slower.
by Laura Fox
PMA Expands LGIP Services in South Dakota
Naperville, IL – December 18, 2018 –PMA Financial Network, Inc., PMA Securities, Inc. and Prudent Man Advisors, Inc. (“PMA”) is pleased to announce that as of December 1, 2018, the Board of Trustees of the South Dakota Public Funds Investment Trust (“SD FIT“) has voted to expand its relationship with PMA, appointing the Firm as the Administrator and Investment Advisor, along with expanding the support of the sponsoring association’s marketing efforts of the SD FIT program. Prior to this new agreement, PMA served as the Fund’s Fixed Rate Investment provider.
by Laura Fox
Estancia Capital Partners and PMA Senior Management Reach Agreement to Acquire PMA from Founding Family
Naperville, IL – October 17, 2018 –PMA, a premier full-service provider of comprehensive financial and advisory services to municipalities, school districts and other local government entities, announced today that it has reached a definitive agreement to be acquired by PMA’s senior management team in partnership with Estancia and select institutional co-investors.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Rising Costs Impacting Home Sales
Rising home prices and higher mortgage rates appear to be impacting home sales nationally. According to a national home price index, home prices have increased by over 6.3% in the past year. Meanwhile, the US 30-year fixed mortgage rate has increased from about 4.0% a year ago to over 4.6% in August 2018.
by Laura Fox 