Meeder Public Funds is an investment manager dedicated exclusively to serving public entities – including states, counties, cities, school districts, libraries, and townships across the United States. With more than 35 years of experience in the public sector and a team that includes former government investment professionals, Meeder differentiates itself as a trusted advisor that understands the regulatory, accounting, and reporting complexities unique to public funds.

Headquarters: Dublin, OH, USA

Assets Under Advisement: $195B+

Website: https://www.meederinvestment.com/

Products: Clearwater Core, ABOR accounting/reporting

Assets under advisement consist of (i) $70.16 billion of regulatory assets under management for which MeederPublic Funds provides continuous and regular investment management services as disclosed in its Form ADV and (ii) $129.78 billion of non-discretionary assets as to which Meeder Public Funds provides strategic advice or consultation but does not have the authority to effectuate transactions.

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The Challenge

For public entities, investment accounting and reporting are mission‑critical. Requirements vary by state and jurisdiction, and every report must meet exacting standards tied to taxpayer accountability.

As Meeder expanded, delivering highly customized, state‑specific reporting at scale became increasingly labor‑intensive. At the same time, clients expect greater transparency, including real‑time portfolio access and self‑service reporting, capabilities Meeder’s legacy systems could not support.

Meeder needed a solution that could:

• Scale customized government reporting nationally
• Reduce manual, time‑consuming processes
• Increase transparency without sacrificing quality

The Solution

Meeder selected Clearwater as its investment accounting and reporting platform based on three core strengths:

• Deep fixed income expertise, critical for government portfolios dominated by high‑quality, short‑duration fixed income
• A best‑in‑class client portal that enables daily portfolio visibility and self‑service reporting
• Automated data ingestion and reconciliation, delivering confidence in data accuracy across more than a dozen custodians

Clearwater enabled Meeder to modernize its reporting infrastructure while maintaining the flexibility required to meet diverse government reporting standards.

“It doesn’t work unless you have confidence in the underlying data – and that’s something Clearwater has really excelled in.” Jonathan Azoff, CTP, Senior Vice President, Public Funds

The Results

Operational Efficiency at Scale

Customized reports that once took 10+ hours per month to produce have been automated or made directly available to clients—eliminating entire processes and saving 100% of those hours in some cases.

“For some reports, we’ve completely eliminated the process.”

Growth Without Added Headcount

As Meeder added clients and assets, Clearwater enabled the firm to scale without proportionally increasing reporting staff.

“There’s no way we could support our current client base with our existing reporting team without Clearwater.”

Transparency and Client Empowerment

Clients now have daily access to their portfolios and the ability to run reports independently, reducing one‑off requests and strengthening client engagement.

Customization at Government Standards

Clearwater supports customized reporting that meets the distinct statutory and regulatory requirements of governments across every state Meeder serves.

“The reporting requirements in Texas aren’t the same as Ohio or California. Having a system we can customize for all of them is table stakes.”

With Clearwater embedded across reporting, advisory, and operational workflows, returning to legacy systems is not an option. “Our clients now expect this level of transparency and capability.”