PMA/FL SAFE Achieves Significant Milestone – Reaching $1B in Fund Assets
PMA, a premier full-service provider of financial and advisory services to local governments, along with the Florida Surplus Asset Fund Trust (FL SAFE), achieved a significant milestone by reaching $1 billion in assets in FL SAFE and its Fixed Rate Investment program as of November 23, 2022.
Since 2007, FL SAFE has earned a recognized reputation among Florida public entities as an investment opportunity known for its excellent performance built around safety, liquidity and yield. FL SAFE Participants benefit from a full range of cash management and investment services as the Fund provides a vehicle for investment in U.S. government obligations, agencies, qualified public depository CDs and term series investments. FL SAFE is governed by a group of public officials from participating entities that have the full power, control and authority over the affairs of the program. Zach Falconer, Coordinator, Sales and Relationship Management, said “We are thrilled to have the support of so many public entities and are energized that we have the opportunity to serve so many communities across Florida.”
“With the guidance and oversight of the FL SAFE Board of Trustees, our services continually evolve to best meet the needs of Florida public entities,” added Linda Senne, FL SAFE Board Chair. “We are proud of the work our team is doing and we are incredibly grateful to our Participants for their confidence in us.”
Please visit the FL SAFE website to learn more: https://flsafe.org/
