FINANCIAL_SERVICESDISCUSSED

City Considers SUMAInvest Pooled Investment Option

Warman Council reviewed SUMAInvest as a potential pooled investment vehicle for a portion of the City’s reserves. The program offers diversified portfolios with higher historical returns than GICs, but includes management and administration fees and a 25% cap of unappropriated reserves.

Status
DISCUSSED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
SUMAINVEST
Agency
City of Warman · Canada

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
No fixed term; funds withdrawable with approximately one month’s notice
Renewal
Potential participation would not have a fixed term and could be adjusted or withdrawn with approximately one month’s notice, subject to program rules and reserve limits.
Document type
AgendaPacket
Source document
City of Warman Committee of the Whole Agenda Packet May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Warman?

SUMAINVEST was awarded this financial services contract by City of Warman, as recorded on May 19, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Warman Committee of the Whole Agenda Packet May 2026 (AgendaPacket), dated May 19, 2026 from City of Warman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SUMAINVEST hold?

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