FOR IMMEDIATE RELEASE
PMA Announces New Investment Pool for Missouri Public Agencies
Naperville, Ill. – November 30, 2020 – PMA Financial Network, PMA Securities and PMA Asset Management (“PMA” or “the PMA companies”) are pleased to announce and introduce the Missouri Capital Asset Advantage Treasury™ (“MOCAAT™”). MOCAAT™ is the new, complete financial management resource for Missouri school districts, municipalities, counties and colleges. “At PMA, we are excited to expand our LGIP services into Missouri and believe that MOCAAT™ will provide significant value to Missouri communities throughout the state,” said Jim Davis, CEO. “PMA is known for its commitment to serving local governments. Our performance is built around the safety, liquidity and yield that public sector officials depend on and expect, and we look forward to bringing these values to MOCAAT™ and its Participants.”
PMA is also pleased to announce the opening of an office in Saint Louis, where PMA team members will serve as strong corporate partners to Missouri public entities. In addition, UMB Bank will serve as Fund Custodian and Armstrong-Teasdale will serve as Fund Counsel. UMB is headquartered in Kansas City and has branches throughout the State, and Armstrong-Teasdale is based in Saint Louis and has additional offices in Kansas City and Jefferson City.
The MOCAAT™ Liquid Series, holding the highest possible rating from S&P (AAAm), is comprised of money market instruments designed to meet daily liquidity needs. The primary objectives of the Liquid Series are to provide a competitive investment yield, preserve capital and maintain liquidity. The Series requires no minimum balance, and allows unlimited withdrawals. The Liquid Series is designed to meet the daily liquidity needs of Missouri public agencies. In addition, the Program offers access to PMA Financial Network’s Fixed Rate Investment Program. “The MOCAAT Board of Directors, along with Fund sponsors EducationPlus, the Cooperating School Districts of Greater Kansas City, the Missouri Association of Rural Education (MARE), and the Greater Ozarks Cooperating School Districts, is committed to providing a financial instrument that will appeal to Missouri communities by providing the highest level of security and return on investment,” said Dr. Andrew Underwood, MOCAAT™ Chairman.
PMA has earned a well-deserved reputation among public entities in 14 states and will serve as MOCAAT’s Administrator (PMA Financial Network), Investment Advisor (PMA Asset Management) and Distributor (PMA Securities). The PMA companies have been leaders in providing financial services to public entities since 1984 and currently serve over 3,200 local governments in 14 states, working with over $30 billion total investment assets under administration*. PMA is a service provider in various capacities to 14 local government investment pools similar to MOCAAT™. The company has built a reputation as a reliable, professional financial organization. MOCAAT™ Participants will benefit by being able to take advantage of the products and services offered to its public sector clients. PMA has extensive experience both in and with public entities, including the team serving MOCAAT™.
*As of September 30, 2020. Total assets under administration include both money market pool assets for which the PMA companies serve as fund administrator/accountant, marketer/distributer, fixed income program provider (brokerage services), and/or investment advisory, or separate institutional accounts.
About MOCAAT
The Missouri Capital Asset Advantage Treasury™ (“MOCAAT™”) is a full financial management resource for Missouri school districts, municipalities, counties, and community colleges. Established in 2020 and sponsored by EducationPlus, the Cooperating School Districts of Greater Kansas City, the Missouri Association of Rural Education (MARE), and the Greater Ozarks Cooperating School Districts, MOCAAT™ seeks to bring a new level of service and performance to Missouri communities.
About the PMA Companies
PMA Financial Network, LLC, PMA Securities, LLC and PMA Asset Management, LLC (“the PMA companies” or “PMA”) are under common ownership. The PMA companies serve over 3,200 municipalities, school districts, local government investment pools, insurance companies and other institutions across 14 states by providing investment, financial management and fund administration services. The PMA companies provide a comprehensive array of discretionary and non-discretionary investment advice to our clients through pooled, separate accounts and self-directed investment solutions, in addition to public finance services. As of September 30, 2020, the PMA companies had over $30 billion in assets under administration. Total assets under administration include both money market pool assets for which the PMA companies serve as fund administrator/accountant, marketer/distributor, fixed income program provider (brokerage services), and/or investment advisory, or separate institutional account management.
For more information, go to www.pmanetwork.com.
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