Pub. 8 2018 Issue 2

15 ISSUE 2. 2018 times where you’re paying a premium and also lagging the market. Neither of these is the optimal situation, which will again cause volatility. Ideally, the goal is to create predictability; which is achieved through market-based pricing. What is the main takeaway and point of emphasis? Institutional depositors seek market-based returns, and by adopting a model that mimics these types of yields, you will remove volatility. w About D. James Lutter D. James (Jim) Lutter is the Senior Vice President of Trading and Operations at PMA Financial Network, Inc. and PMA Securities, Inc. where he oversees PMA Funding., a service of both companies that provides over 1,000 financial institutions with a broad array of cost effective funding alternatives. Mr. Lutter is a Registered Representative with PMA Securities, Inc. and Investment Advisor Representative with Prudent Man Advisors, Inc. Mr. Lutter has the following FINRA licenses with PMA Securities, Inc.: Series 7, 24, 50, 53, 63, 65 and 99. Disclaimer PMA Funding is a service of PMA Financial Network, Inc. and PMA Securities, Inc. Securities, public finance services and institutional brokerage services are offered through PMA Securities, Inc. PMA Securities, Inc. is a broker-dealer and municipal advisor registered with the SEC and MSRB, and is a member of FINRA and SIPC. Prudent Man Advisors, Inc., an SEC registered investment adviser, provides investment advisory services to local government investment pools and separate accounts. All other products and services are provided by PMA Financial Network, Inc. PMA Financial Network, Inc., PMA Securities, Inc. and Prudent Man Advisors (collectively “PMA”) are under common own- ership. Securities and public finance services offered through PMA Securities, Inc. are available in CA, CO, FL, GA, IL, IN, IA, KS, MI, MN, MO, NE, OH, OK, PA, SD, TX and WI. This document is not an offer of services available in any state other than those listed above, has been prepared for informational and educa- tional purposes and does not constitute a solicitation to purchase or sell securi- ties, which may be done only after client suitability is reviewed and determined. All investments mentioned herein may have varying levels of risk, and may not be suitable for every investor. PMA and its employees do not offer tax or legal advice. Individuals and organizations should consult with their own tax and/or legal advisors before making any tax or legal related investment decisions. IRS CIRCULAR 230 NOTICE: To the extent that this communication or any attach - ment concerns tax matters, it is not intended to be used, and cannot be used by a taxpayer, for the purpose of avoiding any penalties that may be imposed by law. Additional information is available upon request. For more information visit www.pmanetwork.com and www.pmafunding.com. ©2018 PMA Financial Network, Inc. a full service business law firm In Arizona, contact: Jeffrey Ekbom 480.383.1821 or jekbom@buchalter.com Buchalter Bank and Finance attorneys represent the most dominant institutions in the bank and finance market. The firm has practiced in the bank and finance area since its inception in 1933.