Local Government Investment Pool Services
For more than two decades, Miles Capital has provided customized, Local Government Investment Pool advisory services for political subdivisions in multiple states. We have expertise in managing separate accounts and pooled public funds pursuant to state regulations, and have experience and creativity in achieving competitive investment performance under these constraints in all market environments.
Miles Capital’s fund advisory services offer participants in Local Government Investment Pools (LGIPs) a stable investment option that provides both daily liquidity and longer-term investment alternatives. We have the capability to manage to a client’s cash flow needs. As a registered investment advisor, Miles Capital serves as fiduciary to these programs, with the guiding principles of safety first, liquidity second, and yield third.
In addition to providing comprehensive advisory services and fixed rate investments, our offering includes complete administrative and marketing services to handle all program needs.
Asset Management
- Registered investment advisor
- SEC-registered pools
- State pools managed to investment guidelines as determined by state
Fact sheet available upon request.
Administration
- Shareholder recordkeeping utilizing our proprietary, internet-based system
- Secure, online transactions
- Branded by program
- Timely transaction processing
- Capability for wires, ACH transactions
- Vendor pay
- Participant daily and monthly reporting
- Fund accounting
- Toll-free participant telephone access, branded by program
- Complete regulatory and compliance services
- Quarterly Boards of Trustees reports
- Transition experience for smooth conversions
- Professional, experienced administrators
Marketing
- Services branded and tailored to each program
- Focus on growing assets under management
- Ongoing product development to meet participant needs
- Onsite visits and convention participation
- Newsletter, website, and other mailings to maintain ongoing communication
- Regular updates to Board on or program oversight on progress
- Active recruitment of local banks to allow for community reinvestment
- Potential peer review services