Using technology and education, we empower institutional investors to better manage their portfolios. Founded in March of 2013, Public Funds Investment & Reporting (PFITR, ) is a software-as-a-service (SaaS) technology company that enables those responsible for overseeing tax dollars to see valuation metrics based on market transactions to make the best investment decisions possible. Treasurers, Directors of Finance, public CFOs—all are examples of public fiduciaries who oversee, cumulatively, trillions of dollars in their operational accounts. State statutes and internal investment policies govern the three mandates of safety, liquidity, and yield. Keeping the investments safe involves identifying, measuring and mitigating risk. Liquidity is the second mandate and most entities keep an excess amount of cash and cash equivalents and because they lack the cash flow analytics required. Buying too high, hidden commissions, and holding too much cash often sacrifice yield. Our BPV™ tool provides them the analytics and internal controls to guide public fiduciaries to lessen risk, commissions, and poor timing. How do public fiduciaries, so burdened with conflicting demands and looming risks, respond? They either avoid doing anything or they take the advice of the bank or broker making the recommendation. Many public fiduciaries lack the experience, technology and training to make optimal investment purchases, so they are dependent on the recommendations of the broker because most do not use an advisor. There is an inherent conflict of interest in many recommendations because, generally speaking, brokerages receive higher commissions when the product sold is riskier generally . Most public fiduciaries are under-diversified, over-liquid and earning too little on their multi-million dollar portfolios. Cumulatively, public fiduciaries currently invest trillions of taxpayer dollars each year. In their flagship product, the Bond Price Validation tool (BPV™), PFITR provides public fiduciaries the information that they need to make optimal investment purchases.
