Prudent Management Associates | 136 followers on LinkedIn. Since 1982, PMA's guiding investment principle has been the management of risk in its clients’ portfolios. | Founded in 1982, Prudent Management Associates is a SEC registered, fee-only investment advisory firm. PMA manages about $1 billion in client assets for high net worth individuals, multi-generational families and not-for-profit organizations. PMA’s guiding investment principle is the management of risk - investors should take no more risk than is required to achieve a return appropriate for a given set of goals.