City of Kentwood Commission Meeting Agenda Packet May 11 2026
Kentwood Holds $61.9 Million Investments at Wells Fargo Advisors
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Description
Kentwood holds $61.9 million in pooled investment assets with Wells Fargo Advisors as of December 31, 2025, including GNMA and U.S. Treasury securities and certificates of deposit. These investments are managed under Michigan PA 20 guidelines for public funds.
Contract Details
Contract Amount
$61,908,103 (balance as of December 31, 2025)
Vendor
WELLS FARGO ADVISORS
Agency
City of Kentwood, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Investment advisory and brokerage relationship is ongoing; no specific contractual renewal dates provided.
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