Hiring an outside investment advisor
Summary
The city is picking a firm to help manage its ~$81.7 million investment portfolio after fiduciary concerns with past holdings. Seven proposals are in; a subcommittee will help vet them, with a council recommendation expected around December 1. Fees could run $60,000-plus a year, but the goal is better returns under state rules.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Oct 8, 2026.
Impact analysis
Estimated costs around $60,000 or more per year, offset by hopes of improved investment returns.
Taxpayers, if better investment management yields higher returns on city funds.
Mentions & discussions (1)
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