# PTMA Investment Advisors

PTMA Investment Advisors is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/ptma-financial-solutions

## Regulatory record

- **CRD number:** 159189
- **SEC file number:** 801-72782
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/159189

## About

PTMA Investment Advisors is an SEC-registered investment adviser in Denver, CO, registered since 2011. The firm manages $104.2 billion in assets, $98.9 billion on a discretionary basis. It has 157 employees and 81 investment advisers.

## Questions

### What is PTMA Investment Advisors' core investment approach?

PTMA focuses on constructing customized, separately managed portfolios of municipal bonds for high-net-worth individuals and families. The firm's investment approach centers on buy-and-hold credit selection, state-specific tax optimization, and laddering strategies designed to generate predictable, tax-exempt income. Rather than forecasting interest rates, PTMA emphasizes matching bond maturities to each client's liquidity needs and tax circumstances.

### Does PTMA Investment Advisors offer pooled investment vehicles or only separately managed accounts?

PTMA structures its client relationships exclusively through separately managed accounts. The firm does not sponsor mutual funds, exchange-traded funds, or private pooled investment vehicles. This account structure gives each client direct, transparent ownership of the underlying municipal bonds, enabling customized tax-loss harvesting and state-specific income targeting that a commingled fund cannot replicate.

### How does PTMA Investment Advisors approach credit risk in municipal bond portfolios?

The firm relies on in-house credit research to evaluate individual municipal bond issuers, focusing on general obligation bonds backed by taxing authority and essential-service revenue bonds — such as water, sewer, and public power utilities — with stable repayment profiles. PTMA generally avoids unrated or deeply speculative credits, concentrating instead on investment-grade issuers with strong financial reporting and established market access.

### How is PTMA Investment Advisors compensated for its services?

As a registered investment adviser, PTMA charges a fee based on assets under management, structured as a percentage of each client's managed account value. The firm does not earn commissions or transaction-based compensation on individual bond trades, aligning its revenue directly with portfolio value rather than trading activity. Specific fee schedules are disclosed to clients through the firm's Form ADV and advisory agreements.

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Last updated: 2026-06-03T20:00:00.000Z

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