With niche experience serving municipalities and public agencies, the experts at Dowd Wealth Management work with you to implement a variety of spending strategies for municipal investment funds.
Types of Funds
We can serve your municipality in a number of ways:
- We can assist with stabilization funds to ensure you set aside money for unforeseen needs or upcoming capital projects, like school construction or the acquisition of public emergency vehicles. We will assist you with fund maintenance and ensure they are compliant with all local laws and ordinances.
- Municipalities occasionally receive payments through a municipal trust fund, holding custody over non-taxable money from restricted gifts or private donations to benefit the public. Dowd Wealth Management will help you establish and maintain a municipal endowment trust fund and invest the money based on safety, liquidity and yield.
- We can ensure continued maintenance and upkeep of public cemeteries. A cemetery endowment fund is designed to ensure that income will always be readily available for the purpose of maintenance and upkeep of the cemetery.
How Dowd Will Help
We recognize that investment committees and treasurers have many responsibilities in addition to managing their municipal investment trust funds, which is why we will serve as your steward along the way. We’ll provide detailed reports to help you meet the Governmental Accounting Standards Board’s generally accepted accounting principles (GAAP).
As your advisor and a co-fiduciary, we’ll also use competitive proprietary research and analysis to objectively select and monitor investments. We pride ourselves on being a conflict-free consultant fiduciary you can trust. Contact us to learn more.