Denver, CO – March 26, 2025
Public Trust Advisors, LLC (Public Trust), founded in 2011 to manage the investment needs of local governments across the nation, and the PMA Companies (PMA), founded in 1984 to provide customized, integrated financial solutions to the public sector and other institutions, announced the completion of a transaction to combine the firms. Together, Public Trust and PMA offer a wide array of financial products and services that aim to strengthen communities from coast to coast, including local government investment pool administration, investment advisory services, term investments, cashflow analysis, bond proceeds management, and public finance services for public entities, plus stable deposit funding solutions for financial institutions.
The combined firm works with clients across 26 states to provide customized financial solutions to over 12,000 local governments and other public entities. The organization also partners with over 1,000 financial institutions to offer competitive deposit rates to public entities, in addition to helping banks and credit unions expand their local footprints with sources of stable deposits. Every client in the firm’s network benefits from a solution-based approach, including access to industry expertise, comprehensive financial products, and advanced technology to support them and their communities in achieving their goals.
Todd Alton, former CEO of Public Trust, will lead the new firm as CEO, with Jim Davis, former CEO of PMA, serving as Executive Chairman of the Board of Directors. Both Denver, Colorado, and Naperville, Illinois, remain primary operational hubs of the combined firm, which now has more than 270 total employees.
“We’ve admired each other’s businesses for many years and have complementary products. Together we can provide our clients a comprehensive platform for treasury, cash, and liquidity management solutions, in addition to municipal advisory and other financial products and services,” explained Alton. “It’s truly a one plus one equals three opportunity, by immediately accelerating our efforts to help address the financial pain points that public sector clients experience,” added Davis.
Both Public Trust and PMA will continue to serve clients with the same exceptional service and solution-based approach to meeting their financial needs. Client service teams and primary office locations also remain the same and, on an operational level, our storied and well-known individual names, Public Trust Advisors and PMA, will continue.
“We decided to create a brand that builds on our successful legacies and speaks to our shared vision of helping communities thrive by aiming to provide the most comprehensive platform of treasury management, liquidity management, and other financial products and services to public entities and financial institutions,” Alton noted. “We aspire to be the firm at the heart of civic life, trusted by clients to connect them to the financial solutions they need to continue to serve their constituents and invest in their communities.”
The terms of the transaction were not disclosed. Public Trust’s investment partners remain majority owners, with employees owning a substantial minority. Jefferies, LLC acted as exclusive financial advisor to PTMA Financial Solutions and the parties on the transaction.
About Public Trust
Public Trust is an investment advisory firm that provides investment management services for the public sector including the management of local government investment pools and separately managed accounts. Public Trust offers public sector clients high-touch, cost-efficient investment management services; customized, client-facing portals; and transfer agent and accounting services that rely on market experience and advanced technological solutions. With coverage spanning the nation, Public Trust, headquartered in Denver, Colorado, works closely with thousands of local governments to develop investment and administrative strategies that best meet their needs. For more information, visit www.publictrustadvisors.com.
About PMA
The PMA family of companies provides comprehensive investment, financial management and fund administration services to thousands of municipalities, school districts, local government pools, insurance companies and other institutions across 12 U.S states. The PMA companies, headquartered in Naperville, Illinois, include PMA Financial Network, LLC; PMA Securities, LLC; and PMA Asset Management, LLC. PMA Funding, a combined service of PMA Financial Network and PMA Securities, is a provider of stable deposit and cost-effective funding solutions for financial institutions. For more information, visit www.pmanetwork.com.
Disclaimer
Data as of December 31, 2024. Source: Public Trust Advisors, LLC and PMA Companies. Public Trust Advisors, LLC and PMA Asset Management, LLC, (collectively “PMA/PTA”) are both SEC registered investment advisers. PMA Securities is a broker-dealer and municipal advisor registered with the SEC and MSRB and is a member of FINRA and SIPC. Registration with the SEC does not imply a certain level of skill or training. Marketing, securities, institutional brokerage services and municipal advisory services are offered through PMA Securities, LLC. Public Trust Advisors and PMA Asset Management provide investment advisory services primarily to local government investment pools (“Funds”) and separate accounts. All other products are provided by PMA Financial Network, LLC.