Capital Management Associates, Inc. (CMA) formed in 1993 as an investment advisory and consulting company.  The company provides a full range of strategic services tailored to individual clients’ needs. Headquartered in Des Moines, Iowa, the professionals at CMA have significant expertise in financial management, risk management, strategic planning, commercial and investment banking, and venture capital (fund management and placement).  CMA also manages CMA Ventures, a venture investment fund wholly-owned by Central Iowa Power Cooperative (CIPCO).