In addition to both personal and business wealth, we specialize in helping municipalities with infrastructure asset management and retirement systems. As part of our Municipal Wealth Management services, we can assist with infrastructure management activities including public utilities, municipal investment funds, 403(b) and 457 retirement plan management and the disbursement of OBRA funds.
We recognize the many responsibilities treasurers and investment committees must undertake in addition to managing municipal funds. That’s why we can also provide extensive fiduciary and compliance support to aid in processes such as meeting portfolio benchmarks and monitoring municipal investments.
Working alongside treasurers and utility managers, we will aid in the development of a policy that ensures planned maintenance is conducted and public utility assets are repaired on time and on budget.
Our experts can implement a variety of spending strategies for municipal investment funds, including the development and management of stabilization funds, cemetery endowments, trust funds and more.
Do you need assistance in creating a system to provide and administer retirement benefits to public employees? Our experts will establish a tax-advantaged 403(b) or 457 retirement system for public employees in a variety of sectors.
We can also provide for the individual: 403(b) and 457 plans are tax-deferred retirement savings programs that cater to certain public education organizations, non-profit employers or government organizations. We’ll ensure you’re properly planning for your future.
Create a system for your part-time, seasonal and temporary municipal employees to participate in a deferred compensation plan. Dowd Wealth Management can serve both as an ERISA 3(21) or ERISA 3(38) fiduciary to ensure your plans success.