Investment Advisory, Operational and Distributor Services
PMA Asset Management, LLC., PMA Financial Network, LLC. and PMA Securities, LLC. serve as the Investment Advisor, Operational Manger and Distributor to FL SAFE, respectively. PMA Asset Management, LLC., PMA Financial Network, LLC. and PMA Securities, LLC. operate under common ownership and are referred to collectively as "PMA". Duties include:
Investment Advisor - Portfolio Management Duties - PMA Asset Management, LLC.
  • Portfolio allocation and criteria development
  • Daily cash flow management
  • Security transaction selection/execution
  • Monitoring fixed income markets
  • Prepare and monitor approved list of securities-Trust Investment Policy
  • Monitor and recommend updates to FL SAFE’s Investment Policy
  • Quarterly evaluation of the investment performance of FL SAFE to Board
  • Maintain and develop policies and procedures for Investment Advisor functions
  • Support Trust Sales & Marketing Plan in cooperation with Administrator
  • Manage annual rating agency review, provide rating agency required reports
  • Assist with participant and prospect investment and educational seminars
  • Provide monthly economic update to Administrator for Trust newsletter and website
  • Maintain accurate records concerning its services hereunder as required under the securities laws
  • Other duties as directed by Board and standard for Industry as Investment Advisor
Operational Manager - Accounting and Operations Duties - PMA Financial Network, LLC.
  • Management of PMA operations staff working on FL SAFE matters
  • Maintain and update fund accounting system
  • Maintenance of accounting software
  • Review and approve daily fund accounting report
  • Prepare unaudited quarterly account statements for FL SAFE Board's review and approval
  • Determine and allocate income of FL SAFE, including the monthly budgeted expenses of the Trust
  • Maintain separate accounts for each Participant
  • Record individual transactions and totals of all investments
  • Serve as registrar for FL SAFE
  • Arrange for the redemption of shares by Participants
  • Manage FL SAFE's expenses and budgeting in cooperation with Board and Administrator
  • Assist in preparation of audit, as needed, supplying information, addressing auditor’s questions
  • Maintain Participant recordkeeping
  • Open and close Participant accounts in cooperation with administrator
  • Participant transaction processing
  • Post monthly statements of Participant
  • Provide written confirmation of investment and withdrawal of funds to Participants
  • Support with participant Q&A and participant customer service in cooperation with Administrator
  • Other duties as directed by Board and standard for industry as Operational Manger
  • Website management duties: Marketing and transactional websites (FMAS will have direct access) and FundLink website for Board communications (FMAS and Board Trustees will have direct access)
  • Daily participant calculation balance
  • Daily information updates
  • Business continuity, including website back-up and disaster recovery plan
  • Manage and arrange website
  • Other duties as directed by Board and standard for industry for LGIP Website Manager
Distribution Duties - PMA Securities, LLC.
  • Management and compliance of PMA distribution staff marketing for FL SAFE
  • Market FL SAFE and its programs and services to eligible participants
Administrative Services
Florida Management and Administrative Services, LLC provides administrative service to FL SAFE Participants. These duties include:
  • Arranging and managing the annual audit of FL SAFE
  • Organizing quarterly board meetings per Florida Statutes
  • Securing surety and other bonds, and insurance necessary to protect FL SAFE
  • Developing and implementing FL SAFE sales and marketing plan
  • Providing Participant and potential Participant seminars
  • Maintaining Board elections per indenture
  • Assist with FIIP and Term Series administrative and oversight
Download more information about PMA Financial Network, LLC here.
Other FL SAFE Service Programs
Cash Flow Management
Bond Proceeds Management
Financial Planning Program
Fixed Income Investment Program
Credit Risk Analysis
407.698.3001 | Email
7380 Sand Lake Road, Suite 650  |  Orlando, FL 32819

FL SAFE investment options include the FL SAFE Stable NAV Fund and FL SAFE Variable NAV Fund as separate managed investment portfolios whose holdings are subject to change, and Term Series portfolios (collectively “Funds”). Shares in FL SAFE Funds are offered and sold only based on the information contained in the current FL SAFE Information Statement which can be found here or can be obtained by calling 855.202.9650. These Funds are only offered and sold to units of local government under Florida statues as eligible participants in FL SAFE.

The Funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Stable NAV Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this fund. The Variable NAV Fund seeks to provide current income while maintaining limited price volatility. The Variable NAV Fund has a floating net asset value, and the net asset value of a Participant’s investment could decline below the amount originally invested by the Participant. You should consider the applicable Fund's investment objectives, risks, charges and expenses detailed in the Information Statement before you invest.

Information in the Knowledge Center and elsewhere on this website is intended for institutional investors and has been published for informational and educational purposes only. The information should not be considered as investment advice or a recommendation of any particular security, strategy or investment product, which may only be done after client suitability is reviewed and determined. This information does not represent an offer or solicitation to buy or sell shares of the FL SAFE Funds, or any other security. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Past performance is not a guarantee of future results. The FL SAFE service providers may, from time to time, voluntarily waive certain fees and expenses, which may affect the yield. Expenses are detailed in the Information Statement under "Fees and Expenses of the Funds."

FL SAFE Fund shares are marketed through PMA Securities, LLC., a broker-dealer and municipal advisor registered with the SEC and MSRB, and member of FINRA and SIPC. FL SAFE Fixed Income Investment Program investments are offered and sold through PMA Securities, LLC. and its affiliate, PMA Financial Network, LLC., which serves as Operational Manager to FL SAFE. PMA Asset Management, LLC., an SEC registered investment adviser and PMA affiliate, serves as the investment advisor to FL SAFE and Florida Management Administrative Services, LLC (FMAS) serves as Administrator to FL SAFE.