PMA Wealth Management

PMA Wealth Management

PMA Wealth Management was established in 1993 by John W. Ryan, who continues as CEO. The firm operates as a registered investment advisor (RIA) and positions itself as a multi-family office, serving high-net-worth families, foundations, and endowments. Its wealth origin stems from the families it advises, with no single underlying fortune publicly identified. The firm employs a multi-asset strategy spanning public equities, fixed income, private equity, and real estate. PMA makes direct investments and co-investments alongside external managers, with a focus on long-term capital preservation and growth. Deals are sourced through relationships with GPs, and the firm has participated in syndicated direct investments in sectors including healthcare and technology (per public record, 2021). Geographic focus is primarily North America. PMA's team size is not publicly disclosed, but the firm maintains a single office in Chicago. It has not launched alternative vehicles such as a separately branded venture arm. In November 2024, the firm promoted David G. Lafleur to President alongside ongoing leadership (per press release, November 2024). The firm's structural differentiator is its independence as a fee-only RIA, avoiding proprietary products or brokerage commissions. This fee-based model aligns incentives with client outcomes, a distinction from wirehouse advisors. PMA does not operate a pooled fund structure; each client account is individually managed.