About Us

Consistent Returns and “Clients First.” For over 40 years, PMA has envisioned a better, more prudent approach to investing: one focused on minimizing risk over time – not chasing short-term returns — to achieve consistent, reliable long-term gains. Every person on our staff is instilled with the PMA value of putting our clients first.

Although this is a business relationship, for PMA it’s also a personal relationship. We pride ourselves on being able to offer a level of attention that larger firms simply can’t.

In 1982, Philadelphia attorney Ed Snitzer met Marshall Blume, PhD, a finance professor at The Wharton School — later chair of the Finance Department — and outlined an idea he had for an innovative approach to investing. Marshall agreed and, with that, Prudent Management Associates was born.

The essence of their idea was that, instead of predicting short-term future returns, they would seek to control risk by using no-load mutual funds to achieve diversification. Each mutual fund invests in a group of carefully selected securities, thereby reducing risk within the fund. Ed and Marshall sought further diversification by selecting a wide variety of funds, each of which was typically concentrated on one segment of the market. They then used these funds to construct a risk-controlled portfolio tailored for each individual client.

Although PMA has made adjustments to our methodology over the years, we have remained true to these core principles because they have served our clients well.

Marshall Blume and Ed Snitzer’s legacy lives on in the “DNA” of PMA today. PMA’s disciplined approach to investing and our decades-long relationships with clients — including multiple generations in some families – continues through Fred D. Snitzer and Paul D. Snitzer, who have been with the firm since 2002 and 2011, respectively, and are now leading PMA.