City Considers SUMAInvest Pooled Investment Option
Trusted by teams at
Description
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.
Contract Details
Vendor
SUMAINVEST
Agency
City of Warman, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
No fixed term; funds withdrawable with approximately one month’s notice
Renewal Info
Potential participation would not have a fixed term and could be adjusted or withdrawn with approximately one month’s notice, subject to program rules and reserve limits.
More from SUMAINVEST
More from City of Warman
City of Warman Regular Meeting of Council Agenda Packet 2026-05-25
City of Warman Regular Meeting of Council Agenda Packet 2026-05-25
City of Warman Regular Meeting of Council Agenda Packet 2026-05-25
City of Warman Regular Meeting of Council Agenda Packet 2026-05-25
City of Warman Regular Meeting of Council Agenda Packet 2026-05-25
Get alerts on contract renewals, new awards, and vendor activity.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.