Imagine a smarter way for local governments to manage public funds — one that combines safety, liquidity, and yield into a single, professionally managed investment strategy. That’s exactly what Local Government Managed Asset Programs (LGMAPs) offer.
Whether you’re a county treasurer, school district administrator, or part of a volunteer fire company, LGMAPs can help you make the most of your financial resources.
“We are excited to introduce the Local Government Managed Asset Program, a comprehensive initiative designed to enhance the management and optimization of local government assets,” said Keith Sanders, Senior Vice President and Chief Wealth Officer at First United Bank & Trust.
“This program is tailored to meet the unique needs of our communities, ensuring efficient use of resources and improved service delivery.”
What Are LGMAPs?
Local Government Managed Asset Programs (LGMAPs) are collaborative investment solutions that allow multiple public entities — such as cities, counties, school districts, and other agencies — to pool their assets into a diversified portfolio. These programs are built on three foundational pillars:
- Safety: Investments are made in low-risk instruments like U.S. Treasury bills and money market funds.
- Liquidity: Funds remain accessible to meet operational needs.
- Yield: Institutional pricing unlocks access to higher-yield opportunities.
Why Choose LGMAPs?
Public sector organizations face unique financial challenges. LGMAPs are designed to meet those needs with:
- Access to institutional pricing and competitive yields
- Capital preservation and high liquidity
- Expert oversight and strategic asset allocation
- Robust risk management
- Support for operational and community funding goals
By pooling resources, participants benefit from economies of scale and professional management without sacrificing control or transparency.
Who Can Participate?
LGMAPs are open to a wide range of public entities, including:
- State offices
- Municipal governments
- School districts
- Volunteer fire companies
- Other public agencies
This flexibility makes LGMAPs a versatile and responsible choice for managing public funds.
Partner with First United Bank & Trust
At First United Bank & Trust, our experienced Wealth Advisors are committed to helping public sector organizations achieve their financial goals. We provide:
- Personalized guidance tailored to your organization’s needs
- Strategic investment planning
- Ongoing support and transparent reporting
“By leveraging advanced technologies and best practices, the Local Government Managed Asset Program aims to provide a robust framework that aligns with the standards set by the State of Maryland’s MGLIP Program,” Sanders said. “Together, we can build a more sustainable and resilient future for our local governments.”
Ready to take the next step? Let’s talk about how LGMAPs can help your organization preserve capital, increase yield, and support your mission.
Request a personalized consultation today. Call us at 1-855-829-7192, or visit MyBank.com/wealth